Proposed Provision: C1.4. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178179
2026159161
2027141143
2028122125
2029104107
20308588
20316670
20324652
20332734
2034715
2035-13-3
2036-33-22
2037-54-40
2038-76-59
2039-97-78
2040-119-97
2041-142-116
2042-165-135
2043-188-155
2044-211-174
2045-235-193
2046-258-213
2047-282-232
2048-306-251
2049-330-270
2050-354-289
2051-378-308
2052-403-326
2053-427-345
2054-452-364
2055-477-382
2056-502-401
2057-527-419
2058-552-438
2059-578-456
2060-604-475
2061-630-493
2062-657-512
2063-684-531
2064-712-550
2065-740-570
2066-768-589
2067-796-609
2068-825-629
2069-855-650
2070-884-671
2071-914-693
2072-945-715
2073-976-737
2074-1007-759
2075-1039-781
2076-1071-804
2077-1105-828
2078-1139-852
2079-1175-877
2080-1211-903
2081-1248-929
2082-1286-956
2083-1324-982
2084-1363-1010
2085-1403-1037
2086-1443-1065
2087-1483-1094
2088-1524-1122
2089-1564-1149
2090-1604-1176
2091-1643-1203
2092-1681-1230
2093-1718-1257
2094-1754-1283
2095-1789-1309
2096-1825-1336
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