Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2017 by 3 months per year until EEA reaches 64 in 2024 and NRA reaches 69 in 2028.

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
201913.013.014.013.9
202013.013.014.114.0
202113.013.014.314.1
202213.013.114.514.3
202313.113.114.814.5
202413.113.115.014.7
202513.113.115.314.9
202613.113.115.515.1
202713.113.215.615.2
202813.213.215.815.3
202913.213.216.015.4
203013.213.216.115.5
203113.213.216.215.5
203213.213.216.315.6
203313.213.216.415.6
203413.213.216.515.7
203513.213.216.515.7
203613.213.216.615.7
203713.213.216.615.8
203813.213.216.615.8
203913.213.216.615.7
204013.213.216.615.7
204113.213.216.615.7
204213.213.216.515.6
204313.213.216.515.6
204413.213.216.515.5
204513.213.216.415.5
204613.213.216.415.4
204713.213.216.415.4
204813.213.216.415.4
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
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