Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively, and then by 3 months per year in 2022-25 to 69 and 64, respectively.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246247
2021231233
2022216218
2023200204
2024183189
2025165175
2026149161
2027132148
2028115136
202998123
203081111
20316498
20324685
20332772
2034858
2035-1143
2036-3029
2037-5014
2038-71-1
2039-91-17
2040-112-32
2041-133-48
2042-154-63
2043-176-79
2044-197-94
2045-218-109
2046-240-124
2047-262-140
2048-283-155
2049-305-170
2050-327-185
2051-349-200
2052-371-216
2053-393-231
2054-415-246
2055-437-261
2056-460-276
2057-482-292
2058-506-308
2059-529-324
2060-553-341
2061-578-358
2062-603-376
2063-628-394
2064-654-412
2065-680-431
2066-706-450
2067-733-469
2068-760-489
2069-788-509
2070-816-530
2071-845-551
2072-874-573
2073-905-595
2074-935-617
2075-967-641
2076-1000-665
2077-1033-689
2078-1068-715
2079-1102-740
2080-1138-767
2081-1173-793
2082-1208-820
2083-1243-846
2084-1279-872
2085-1314-899
2086-1349-925
2087-1384-952
2088-1419-979
2089-1455-1005
2090-1491-1033
2091-1528-1060
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