Detailed Single Year Tables
Description of Proposed Provision:
C1.1: Starting with those age 62 in 2026, increase the normal retirement age (NRA) 1 month every 2 years until the NRA reaches 68.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.28 | 13.03 | -2.25 | 149 | -0.00 | -0.00 | 0.00 | ||
| 2027 | 15.47 | 13.08 | -2.38 | 131 | -0.01 | -0.00 | 0.01 | ||
| 2028 | 15.57 | 13.11 | -2.46 | 113 | -0.01 | -0.00 | 0.01 | ||
| 2029 | 15.67 | 13.14 | -2.53 | 96 | -0.02 | -0.00 | 0.02 | ||
| 2030 | 15.77 | 13.16 | -2.62 | 78 | -0.03 | -0.00 | 0.02 | ||
| 2031 | 15.88 | 13.18 | -2.70 | 61 | -0.03 | -0.00 | 0.03 | ||
| 2032 | 15.97 | 13.20 | -2.76 | 44 | -0.04 | -0.00 | 0.04 | ||
| 2033 | 16.03 | 13.24 | -2.79 | 27 | -0.04 | -0.00 | 0.04 | ||
| 2034 | 16.09 | 13.26 | -2.83 | 10 | -0.05 | -0.00 | 0.05 | ||
| 2035 | 16.16 | 13.27 | -2.89 | — | -0.07 | -0.00 | 0.06 | ||
| 2036 | 16.25 | 13.28 | -2.97 | — | -0.07 | -0.00 | 0.07 | ||
| 2037 | 16.33 | 13.29 | -3.04 | — | -0.09 | -0.00 | 0.08 | ||
| 2038 | 16.38 | 13.30 | -3.09 | — | -0.10 | -0.00 | 0.10 | ||
| 2039 | 16.43 | 13.30 | -3.12 | — | -0.12 | -0.00 | 0.12 | ||
| 2040 | 16.46 | 13.31 | -3.15 | — | -0.14 | -0.01 | 0.14 | ||
| 2041 | 16.48 | 13.31 | -3.17 | — | -0.16 | -0.01 | 0.16 | ||
| 2042 | 16.49 | 13.32 | -3.17 | — | -0.19 | -0.01 | 0.18 | ||
| 2043 | 16.50 | 13.32 | -3.18 | — | -0.21 | -0.01 | 0.20 | ||
| 2044 | 16.51 | 13.32 | -3.19 | — | -0.23 | -0.01 | 0.22 | ||
| 2045 | 16.52 | 13.32 | -3.19 | — | -0.26 | -0.01 | 0.25 | ||
| 2046 | 16.52 | 13.33 | -3.19 | — | -0.28 | -0.01 | 0.27 | ||
| 2047 | 16.53 | 13.33 | -3.20 | — | -0.31 | -0.01 | 0.29 | ||
| 2048 | 16.54 | 13.33 | -3.21 | — | -0.33 | -0.01 | 0.32 | ||
| 2049 | 16.56 | 13.34 | -3.23 | — | -0.36 | -0.02 | 0.35 | ||
| 2050 | 16.58 | 13.34 | -3.24 | — | -0.39 | -0.02 | 0.37 | ||
| 2051 | 16.60 | 13.34 | -3.26 | — | -0.42 | -0.02 | 0.40 | ||
| 2052 | 16.63 | 13.35 | -3.28 | — | -0.45 | -0.02 | 0.43 | ||
| 2053 | 16.67 | 13.35 | -3.32 | — | -0.48 | -0.02 | 0.46 | ||
| 2054 | 16.71 | 13.35 | -3.36 | — | -0.51 | -0.02 | 0.48 | ||
| 2055 | 16.77 | 13.36 | -3.41 | — | -0.53 | -0.03 | 0.51 | ||
| 2056 | 16.83 | 13.37 | -3.46 | — | -0.56 | -0.03 | 0.53 | ||
| 2057 | 16.90 | 13.37 | -3.53 | — | -0.58 | -0.03 | 0.55 | ||
| 2058 | 16.97 | 13.38 | -3.59 | — | -0.60 | -0.03 | 0.57 | ||
| 2059 | 17.04 | 13.38 | -3.66 | — | -0.62 | -0.03 | 0.59 | ||
| 2060 | 17.11 | 13.39 | -3.72 | — | -0.63 | -0.03 | 0.60 | ||
| 2061 | 17.17 | 13.40 | -3.78 | — | -0.65 | -0.03 | 0.61 | ||
| 2062 | 17.24 | 13.40 | -3.83 | — | -0.66 | -0.03 | 0.62 | ||
| 2063 | 17.29 | 13.41 | -3.89 | — | -0.67 | -0.04 | 0.63 | ||
| 2064 | 17.35 | 13.41 | -3.94 | — | -0.68 | -0.04 | 0.65 | ||
| 2065 | 17.40 | 13.42 | -3.99 | — | -0.69 | -0.04 | 0.66 | ||
| 2066 | 17.46 | 13.42 | -4.04 | — | -0.71 | -0.04 | 0.67 | ||
| 2067 | 17.52 | 13.43 | -4.09 | — | -0.72 | -0.04 | 0.68 | ||
| 2068 | 17.58 | 13.43 | -4.15 | — | -0.73 | -0.04 | 0.69 | ||
| 2069 | 17.64 | 13.44 | -4.20 | — | -0.74 | -0.04 | 0.70 | ||
| 2070 | 17.71 | 13.44 | -4.26 | — | -0.75 | -0.04 | 0.71 | ||
| 2071 | 17.77 | 13.45 | -4.32 | — | -0.76 | -0.04 | 0.72 | ||
| 2072 | 17.83 | 13.45 | -4.38 | — | -0.77 | -0.04 | 0.73 | ||
| 2073 | 17.90 | 13.46 | -4.44 | — | -0.78 | -0.04 | 0.73 | ||
| 2074 | 17.96 | 13.46 | -4.49 | — | -0.78 | -0.04 | 0.74 | ||
| 2075 | 18.02 | 13.47 | -4.55 | — | -0.79 | -0.04 | 0.74 | ||
| 2076 | 18.07 | 13.47 | -4.59 | — | -0.78 | -0.04 | 0.74 | ||
| 2077 | 18.11 | 13.48 | -4.63 | — | -0.78 | -0.04 | 0.74 | ||
| 2078 | 18.14 | 13.48 | -4.66 | — | -0.78 | -0.04 | 0.74 | ||
| 2079 | 18.16 | 13.48 | -4.68 | — | -0.79 | -0.04 | 0.74 | ||
| 2080 | 18.17 | 13.48 | -4.69 | — | -0.79 | -0.04 | 0.74 | ||
| 2081 | 18.17 | 13.49 | -4.69 | — | -0.79 | -0.04 | 0.74 | ||
| 2082 | 18.16 | 13.49 | -4.68 | — | -0.79 | -0.04 | 0.74 | ||
| 2083 | 18.15 | 13.49 | -4.66 | — | -0.79 | -0.04 | 0.74 | ||
| 2084 | 18.12 | 13.48 | -4.64 | — | -0.78 | -0.04 | 0.74 | ||
| 2085 | 18.09 | 13.48 | -4.61 | — | -0.78 | -0.04 | 0.74 | ||
| 2086 | 18.05 | 13.48 | -4.57 | — | -0.77 | -0.04 | 0.73 | ||
| 2087 | 18.00 | 13.48 | -4.52 | — | -0.77 | -0.04 | 0.73 | ||
| 2088 | 17.94 | 13.47 | -4.46 | — | -0.77 | -0.04 | 0.72 | ||
| 2089 | 17.88 | 13.47 | -4.41 | — | -0.76 | -0.04 | 0.72 | ||
| 2090 | 17.82 | 13.47 | -4.35 | — | -0.76 | -0.04 | 0.72 | ||
| 2091 | 17.76 | 13.46 | -4.29 | — | -0.76 | -0.04 | 0.72 | ||
| 2092 | 17.70 | 13.46 | -4.24 | — | -0.76 | -0.04 | 0.72 | ||
| 2093 | 17.66 | 13.46 | -4.20 | — | -0.76 | -0.04 | 0.72 | ||
| 2094 | 17.62 | 13.45 | -4.17 | — | -0.76 | -0.04 | 0.72 | ||
| 2095 | 17.60 | 13.45 | -4.14 | — | -0.76 | -0.04 | 0.72 | ||
| 2096 | 17.58 | 13.45 | -4.13 | — | -0.76 | -0.04 | 0.72 | ||
| 2097 | 17.57 | 13.45 | -4.12 | — | -0.76 | -0.04 | 0.72 | ||
| 2098 | 17.57 | 13.45 | -4.11 | — | -0.76 | -0.04 | 0.72 | ||
| 2099 | 17.57 | 13.45 | -4.12 | — | -0.77 | -0.04 | 0.72 | ||
| 2100 | 17.59 | 13.45 | -4.13 | — | -0.77 | -0.04 | 0.72 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 17.14% | 13.76% | -3.38% | 2034 | -0.47% | -0.02% | 0.45% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.