Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165166
2026149149
2027132133
2028115116
202998100
20308184
20316468
20324651
20332734
2034817
2035-110
2036-30-17
2037-50-35
2038-71-52
2039-91-70
2040-112-87
2041-133-105
2042-154-122
2043-176-139
2044-197-156
2045-218-172
2046-240-189
2047-262-205
2048-283-221
2049-305-237
2050-327-253
2051-349-268
2052-371-284
2053-393-299
2054-415-314
2055-437-329
2056-460-344
2057-482-359
2058-506-374
2059-529-389
2060-553-404
2061-578-420
2062-603-435
2063-628-451
2064-654-468
2065-680-484
2066-706-501
2067-733-517
2068-760-535
2069-788-552
2070-816-570
2071-845-589
2072-874-609
2073-905-628
2074-935-648
2075-967-668
2076-1000-689
2077-1033-710
2078-1068-731
2079-1102-754
2080-1138-776
2081-1173-799
2082-1208-822
2083-1243-845
2084-1279-867
2085-1314-890
2086-1349-913
2087-1384-935
2088-1419-958
2089-1455-980
2090-1491-1002
2091-1528-1024
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