Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase both the NRA and the earliest eligibility age (EEA) by 36/47 of a month per year until the NRA and EEA reach 70 and 65 respectively. For each year, the computed NRA and EEA round down to the next lower full month.

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
203013.213.216.116.0
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
203613.213.216.616.3
203713.213.216.616.4
203813.213.216.616.3
203913.213.216.616.3
204013.213.216.616.2
204113.213.216.616.2
204213.213.216.516.1
204313.213.216.516.1
204413.213.216.516.0
204513.213.216.416.0
204613.213.216.415.9
204713.213.216.415.8
204813.213.216.415.8
204913.213.216.415.7
205013.213.216.415.7
205113.213.216.415.6
205213.213.216.415.6
205313.213.216.415.6
205413.213.216.415.6
205513.213.216.515.6
205613.213.216.515.6
205713.313.216.615.6
205813.313.216.615.6
205913.313.316.715.6
206013.313.316.715.7
206113.313.316.815.7
206213.313.316.815.7
206313.313.316.915.7
206413.313.316.915.7
206513.313.317.015.7
206613.313.317.015.7
206713.313.317.115.7
206813.313.317.115.8
206913.313.317.215.8
207013.313.317.215.8
207113.313.317.315.8
207213.313.317.315.8
207313.313.317.315.8
207413.313.317.415.8
207513.313.317.415.8
207613.313.317.415.8
207713.313.317.415.7
207813.313.317.415.7
207913.313.317.415.7
208013.313.317.415.6
208113.313.317.415.6
208213.313.317.415.6
208313.313.317.415.6
208413.313.317.415.6
208513.313.317.515.6
208613.313.317.515.6
208713.313.317.515.6
208813.313.317.615.7
208913.313.317.615.7
209013.313.317.715.7
209113.313.317.715.8
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