Proposed Provision: C2.5. Increase the normal retirement age (NRA) 3 months per year for those age 62 starting in 2026 and ending in 2037 (NRA reaches 70 for those age 62 in 2037). Thereafter, 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, increase the earliest eligibility age (EEA) from 62 to 64 at the same time the NRA increases from 67 to 69; that is, for those attaining age 62 in 2026 through 2033. Keep EEA at 64 thereafter.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2025 | 169 | 169 |
| 2026 | 149 | 150 |
| 2027 | 131 | 132 |
| 2028 | 113 | 114 |
| 2029 | 95 | 98 |
| 2030 | 78 | 81 |
| 2031 | 60 | 65 |
| 2032 | 43 | 49 |
| 2033 | 26 | 33 |
| 2034 | 9 | 18 |
| 2035 | -9 | 2 |
| 2036 | -27 | -13 |
| 2037 | -45 | -29 |
| 2038 | -63 | -44 |
| 2039 | -83 | -60 |
| 2040 | -102 | -76 |
| 2041 | -122 | -91 |
| 2042 | -143 | -107 |
| 2043 | -164 | -123 |
| 2044 | -185 | -139 |
| 2045 | -206 | -155 |
| 2046 | -228 | -171 |
| 2047 | -250 | -186 |
| 2048 | -272 | -202 |
| 2049 | -295 | -218 |
| 2050 | -317 | -233 |
| 2051 | -340 | -249 |
| 2052 | -363 | -264 |
| 2053 | -386 | -280 |
| 2054 | -409 | -295 |
| 2055 | -433 | -311 |
| 2056 | -457 | -327 |
| 2057 | -481 | -343 |
| 2058 | -505 | -359 |
| 2059 | -530 | -375 |
| 2060 | -556 | -392 |
| 2061 | -582 | -409 |
| 2062 | -609 | -426 |
| 2063 | -636 | -444 |
| 2064 | -664 | -462 |
| 2065 | -692 | -481 |
| 2066 | -721 | -500 |
| 2067 | -750 | -520 |
| 2068 | -780 | -540 |
| 2069 | -810 | -560 |
| 2070 | -840 | -581 |
| 2071 | -871 | -602 |
| 2072 | -903 | -623 |
| 2073 | -935 | -645 |
| 2074 | -967 | -667 |
| 2075 | -1000 | -689 |
| 2076 | -1035 | -712 |
| 2077 | -1070 | -735 |
| 2078 | -1106 | -758 |
| 2079 | -1142 | -783 |
| 2080 | -1180 | -808 |
| 2081 | -1219 | -834 |
| 2082 | -1258 | -860 |
| 2083 | -1298 | -886 |
| 2084 | -1338 | -912 |
| 2085 | -1380 | -940 |
| 2086 | -1423 | -967 |
| 2087 | -1466 | -995 |
| 2088 | -1510 | -1023 |
| 2089 | -1554 | -1051 |
| 2090 | -1599 | -1080 |
| 2091 | -1643 | -1108 |
| 2092 | -1687 | -1136 |
| 2093 | -1731 | -1164 |
| 2094 | -1774 | -1192 |
| 2095 | -1816 | -1219 |
| 2096 | -1858 | -1246 |
| 2097 | -1900 | -1273 |
| 2098 | -1941 | -1298 |
| 2099 | -1982 | -1322 |
| 2100 | -2022 | -1345 |
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