Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively, and then by 3 months per year in 2022-25 to 69 and 64, respectively.

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
202113.013.014.314.2
202213.013.014.514.4
202313.113.114.814.6
202413.113.115.014.7
202513.113.115.314.9
202613.113.115.514.9
202713.113.215.615.0
202813.213.215.815.1
202913.213.216.015.1
203013.213.216.115.2
203113.213.216.215.3
203213.213.216.315.4
203313.213.216.415.5
203413.213.216.515.6
203513.213.216.515.6
203613.213.216.615.6
203713.213.216.615.7
203813.213.216.615.7
203913.213.216.615.7
204013.213.216.615.6
204113.213.216.615.6
204213.213.216.515.5
204313.213.216.515.5
204413.213.216.515.5
204513.213.216.415.4
204613.213.216.415.4
204713.213.216.415.3
204813.213.216.415.3
204913.213.216.415.3
205013.213.216.415.3
205113.213.216.415.3
205213.213.216.415.3
205313.213.216.415.3
205413.213.216.415.3
205513.213.216.515.3
205613.213.216.515.4
205713.313.216.615.4
205813.313.216.615.5
205913.313.216.715.5
206013.313.216.715.6
206113.313.216.815.6
206213.313.316.815.7
206313.313.316.915.7
206413.313.316.915.8
206513.313.317.015.8
206613.313.317.015.9
206713.313.317.115.9
206813.313.317.116.0
206913.313.317.216.0
207013.313.317.216.1
207113.313.317.316.1
207213.313.317.316.2
207313.313.317.316.2
207413.313.317.416.2
207513.313.317.416.3
207613.313.317.416.3
207713.313.317.416.3
207813.313.317.416.3
207913.313.317.416.3
208013.313.317.416.3
208113.313.317.416.3
208213.313.317.416.3
208313.313.317.416.3
208413.313.317.416.3
208513.313.317.516.3
208613.313.317.516.3
208713.313.317.516.4
208813.313.317.616.4
208913.313.317.616.5
209013.313.317.716.5
209113.313.317.716.6
back