Proposed Provision: C1.6. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA by 1 month every 2 years until the NRA reaches 69. Also increase the age up to which the delayed retirement credit may be earned at the same rate (from 70 to 72). No change to earliest eligibility age.

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

Year Current Law Provision
2022230230
2023211211
2024194195
2025177177
2026160160
2027143143
2028126127
2029109110
20309193
20317476
20325759
20333942
20342124
203537
2036-16-12
2037-35-30
2038-54-49
2039-74-68
2040-95-88
2041-116-108
2042-137-128
2043-158-148
2044-180-169
2045-202-190
2046-224-210
2047-246-231
2048-268-252
2049-291-274
2050-313-295
2051-336-316
2052-359-337
2053-383-359
2054-406-380
2055-430-402
2056-453-423
2057-477-445
2058-501-467
2059-525-489
2060-550-511
2061-575-534
2062-601-557
2063-627-580
2064-654-604
2065-681-628
2066-708-652
2067-736-676
2068-764-701
2069-792-726
2070-821-752
2071-850-778
2072-880-805
2073-910-831
2074-940-857
2075-971-884
2076-1003-912
2077-1036-939
2078-1069-968
2079-1104-997
2080-1139-1027
2081-1175-1058
2082-1212-1089
2083-1249-1120
2084-1286-1152
2085-1324-1184
2086-1363-1215
2087-1402-1247
2088-1442-1280
2089-1481-1313
2090-1520-1345
2091-1558-1378
2092-1595-1409
2093-1632-1440
2094-1668-1471
2095-1703-1500
2096-1738-1529
2097-1773-1557
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