Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, 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, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2017.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246247
2021231233
2022216218
2023200202
2024183185
2025165169
2026149152
2027132136
2028115120
202998103
20308187
20316470
20324653
20332736
2034818
2035-11-1
2036-30-19
2037-50-38
2038-71-58
2039-91-77
2040-112-97
2041-133-117
2042-154-137
2043-176-156
2044-197-176
2045-218-196
2046-240-216
2047-262-236
2048-283-256
2049-305-276
2050-327-296
2051-349-316
2052-371-336
2053-393-355
2054-415-375
2055-437-395
2056-460-414
2057-482-434
2058-506-455
2059-529-475
2060-553-496
2061-578-517
2062-603-539
2063-628-561
2064-654-584
2065-680-607
2066-706-630
2067-733-653
2068-760-677
2069-788-701
2070-816-724
2071-845-749
2072-874-774
2073-905-800
2074-935-827
2075-967-854
2076-1000-883
2077-1033-912
2078-1068-941
2079-1102-972
2080-1138-1002
2081-1173-1034
2082-1208-1064
2083-1243-1094
2084-1279-1124
2085-1314-1153
2086-1349-1182
2087-1384-1211
2088-1419-1240
2089-1455-1270
2090-1491-1300
2091-1528-1331
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