Proposed Provision: 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 Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201612.912.914.014.0
201712.912.913.713.7
201813.013.013.913.9
201913.013.014.014.0
202013.013.014.114.1
202113.013.014.314.3
202213.013.014.514.5
202313.113.114.814.7
202413.113.115.015.0
202513.113.115.315.3
202613.113.115.515.4
202713.113.115.615.6
202813.213.215.815.7
202913.213.216.015.9
203013.213.216.115.9
203113.213.216.216.0
203213.213.216.316.0
203313.213.216.416.1
203413.213.216.516.0
203513.213.216.516.0
203613.213.216.616.0
203713.213.216.616.0
203813.213.216.615.9
203913.213.216.615.9
204013.213.216.615.8
204113.213.216.615.7
204213.213.216.515.6
204313.213.216.515.5
204413.213.216.515.5
204513.213.216.415.4
204613.213.216.415.3
204713.213.216.415.2
204813.213.216.415.2
204913.213.216.415.1
205013.213.216.415.1
205113.213.216.415.0
205213.213.216.415.0
205313.213.216.415.0
205413.213.216.415.0
205513.213.216.514.9
205613.213.216.514.9
205713.313.216.615.0
205813.313.216.615.0
205913.313.216.715.0
206013.313.216.715.0
206113.313.216.815.0
206213.313.216.815.1
206313.313.216.915.1
206413.313.216.915.1
206513.313.217.015.1
206613.313.217.015.2
206713.313.217.115.2
206813.313.217.115.2
206913.313.217.215.3
207013.313.217.215.3
207113.313.217.315.3
207213.313.217.315.3
207313.313.217.315.4
207413.313.217.415.4
207513.313.217.415.4
207613.313.217.415.4
207713.313.217.415.4
207813.313.217.415.4
207913.313.217.415.4
208013.313.217.415.3
208113.313.217.415.3
208213.313.217.415.3
208313.313.217.415.3
208413.313.217.415.3
208513.313.217.515.3
208613.313.217.515.3
208713.313.217.515.3
208813.313.217.615.3
208913.313.217.615.4
209013.313.217.715.4
209113.313.217.715.4
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