Proposed Provision: C1.2. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2026 and ending in 2031 (NRA reaches 68 for those age 62 in 2031).
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 113 | 114 |
2029 | 95 | 96 |
2030 | 78 | 79 |
2031 | 60 | 62 |
2032 | 43 | 46 |
2033 | 26 | 29 |
2034 | 9 | 12 |
2035 | -9 | -4 |
2036 | -27 | -21 |
2037 | -45 | -38 |
2038 | -63 | -55 |
2039 | -83 | -73 |
2040 | -102 | -91 |
2041 | -122 | -109 |
2042 | -143 | -128 |
2043 | -164 | -147 |
2044 | -185 | -166 |
2045 | -206 | -186 |
2046 | -228 | -205 |
2047 | -250 | -225 |
2048 | -272 | -245 |
2049 | -295 | -265 |
2050 | -317 | -285 |
2051 | -340 | -305 |
2052 | -363 | -325 |
2053 | -386 | -346 |
2054 | -409 | -366 |
2055 | -433 | -387 |
2056 | -457 | -408 |
2057 | -481 | -429 |
2058 | -505 | -450 |
2059 | -530 | -472 |
2060 | -556 | -495 |
2061 | -582 | -518 |
2062 | -609 | -541 |
2063 | -636 | -565 |
2064 | -664 | -590 |
2065 | -692 | -615 |
2066 | -721 | -640 |
2067 | -750 | -666 |
2068 | -780 | -692 |
2069 | -810 | -719 |
2070 | -840 | -746 |
2071 | -871 | -773 |
2072 | -903 | -802 |
2073 | -935 | -830 |
2074 | -967 | -859 |
2075 | -1000 | -888 |
2076 | -1035 | -919 |
2077 | -1070 | -950 |
2078 | -1106 | -982 |
2079 | -1142 | -1015 |
2080 | -1180 | -1049 |
2081 | -1219 | -1083 |
2082 | -1258 | -1118 |
2083 | -1298 | -1154 |
2084 | -1338 | -1190 |
2085 | -1380 | -1228 |
2086 | -1423 | -1266 |
2087 | -1466 | -1304 |
2088 | -1510 | -1343 |
2089 | -1554 | -1383 |
2090 | -1599 | -1423 |
2091 | -1643 | -1463 |
2092 | -1687 | -1502 |
2093 | -1731 | -1541 |
2094 | -1774 | -1580 |
2095 | -1816 | -1617 |
2096 | -1858 | -1655 |
2097 | -1900 | -1692 |
2098 | -1941 | -1729 |
2099 | -1982 | -1765 |
2100 | -2022 | -1801 |
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