Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase both the NRA and the earliest eligibility age (EEA) by 36/47 of a month per year until the NRA and EEA reach 70 and 65 respectively. For each year, the computed NRA and EEA round down to the next lower full month.

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
20308183
20316466
20324649
20332731
2034813
2035-11-5
2036-30-23
2037-50-42
2038-71-61
2039-91-81
2040-112-100
2041-133-120
2042-154-139
2043-176-159
2044-197-178
2045-218-197
2046-240-217
2047-262-236
2048-283-255
2049-305-275
2050-327-294
2051-349-313
2052-371-331
2053-393-350
2054-415-368
2055-437-387
2056-460-405
2057-482-424
2058-506-442
2059-529-461
2060-553-481
2061-578-500
2062-603-520
2063-628-541
2064-654-561
2065-680-582
2066-706-604
2067-733-625
2068-760-646
2069-788-668
2070-816-689
2071-845-712
2072-874-734
2073-905-758
2074-935-782
2075-967-807
2076-1000-834
2077-1033-860
2078-1068-887
2079-1102-913
2080-1138-940
2081-1173-966
2082-1208-992
2083-1243-1018
2084-1279-1043
2085-1314-1068
2086-1349-1093
2087-1384-1118
2088-1419-1143
2089-1455-1168
2090-1491-1194
2091-1528-1219
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