Proposed Provision: C1.4. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2024 and ending in 2035 (NRA reaches 69 for those age 62 in 2035). Thereafter, increase the NRA 1 month every 2 years.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149150
2027131133
2028114115
20299698
20307881
20316064
20324347
20332530
2034713
2035-12-4
2036-31-21
2037-51-39
2038-70-57
2039-91-75
2040-112-93
2041-133-111
2042-154-129
2043-176-147
2044-198-165
2045-220-183
2046-243-201
2047-265-219
2048-288-237
2049-311-255
2050-333-273
2051-357-290
2052-380-308
2053-403-326
2054-427-343
2055-450-361
2056-474-378
2057-498-395
2058-522-413
2059-547-431
2060-572-448
2061-597-467
2062-623-485
2063-650-504
2064-677-524
2065-705-543
2066-733-563
2067-762-583
2068-791-603
2069-820-624
2070-850-645
2071-880-667
2072-911-689
2073-942-711
2074-974-733
2075-1006-756
2076-1039-780
2077-1074-804
2078-1108-829
2079-1144-855
2080-1181-880
2081-1218-907
2082-1256-933
2083-1294-960
2084-1333-987
2085-1373-1014
2086-1413-1042
2087-1453-1070
2088-1494-1098
2089-1534-1126
2090-1574-1154
2091-1613-1181
2092-1651-1208
2093-1689-1234
2094-1726-1261
2095-1762-1287
2096-1798-1314
2097-1833-1340
2098-1868-1363
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