Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2017.

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
201813.013.013.913.8
201913.013.014.014.0
202013.013.014.114.1
202113.013.014.314.2
202213.013.014.514.4
202313.113.114.814.7
202413.113.115.014.9
202513.113.115.315.2
202613.113.115.515.4
202713.113.215.615.6
202813.213.215.815.7
202913.213.216.015.9
203013.213.216.116.0
203113.213.216.216.1
203213.213.216.316.2
203313.213.216.416.3
203413.213.216.516.3
203513.213.216.516.3
203613.213.216.616.4
203713.213.216.616.4
203813.213.216.616.4
203913.213.216.616.4
204013.213.216.616.4
204113.213.216.616.3
204213.213.216.516.3
204313.213.216.516.2
204413.213.216.516.2
204513.213.216.416.1
204613.213.216.416.1
204713.213.216.416.0
204813.213.216.416.0
204913.213.216.416.0
205013.213.216.415.9
205113.213.316.415.9
205213.213.316.415.9
205313.213.316.415.9
205413.213.316.415.9
205513.213.316.515.9
205613.213.316.515.9
205713.313.316.616.0
205813.313.316.616.0
205913.313.316.716.0
206013.313.316.716.1
206113.313.316.816.1
206213.313.316.816.1
206313.313.316.916.1
206413.313.316.916.2
206513.313.317.016.2
206613.313.317.016.2
206713.313.317.116.2
206813.313.317.116.3
206913.313.317.216.3
207013.313.317.216.3
207113.313.317.316.4
207213.313.317.316.4
207313.313.317.316.4
207413.313.317.416.4
207513.313.317.416.4
207613.313.317.416.4
207713.313.317.416.4
207813.313.317.416.3
207913.313.317.416.3
208013.313.317.416.3
208113.313.317.416.2
208213.313.317.416.2
208313.313.317.416.2
208413.313.317.416.2
208513.313.317.516.2
208613.313.317.516.2
208713.313.317.516.2
208813.313.317.616.2
208913.313.317.616.2
209013.313.317.716.3
209113.313.317.716.3
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