Proposed Provision: Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) and then increase the NRA 2 months per year until the NRA reaches age 68

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
200512.712.711.111.1
200612.712.711.011.0
200712.712.710.910.9
200812.812.811.010.9
200912.812.811.111.1
201012.812.811.311.1
201112.812.811.411.3
201212.912.911.711.5
201312.912.911.911.7
201412.912.912.211.9
201512.912.912.512.1
201613.012.912.812.3
201713.012.913.112.5
201813.013.013.412.7
201913.013.013.713.0
202013.013.014.013.3
202113.113.014.313.6
202213.113.014.713.8
202313.113.015.014.1
202413.113.115.314.4
202513.113.115.514.7
202613.113.115.815.0
202713.213.116.115.3
202813.213.116.315.5
202913.213.116.515.7
203013.213.216.715.9
203113.213.216.916.1
203213.213.217.116.2
203313.213.217.216.3
203413.213.217.316.4
203513.213.217.416.5
203613.313.217.416.6
203713.313.217.516.6
203813.313.217.516.7
203913.313.217.516.7
204013.313.217.516.7
204113.313.217.516.7
204213.313.217.516.7
204313.313.217.516.7
204413.313.217.516.7
204513.313.217.516.7
204613.313.217.616.7
204713.313.217.616.8
204813.313.217.616.8
204913.313.217.616.8
205013.313.217.616.8
205113.313.217.716.9
205213.313.217.716.9
205313.313.217.817.0
205413.313.217.817.0
205513.313.217.817.0
205613.313.317.917.1
205713.313.317.917.2
205813.313.318.017.2
205913.313.318.117.3
206013.313.318.117.3
206113.313.318.217.4
206213.313.318.217.4
206313.313.318.317.5
206413.313.318.317.5
206513.313.318.417.6
206613.313.318.517.6
206713.313.318.517.7
206813.313.318.617.8
206913.313.318.617.8
207013.413.318.717.8
207113.413.318.717.9
207213.413.318.817.9
207313.413.318.818.0
207413.413.318.918.0
207513.413.318.918.1
207613.413.318.918.1
207713.413.319.018.2
207813.413.319.018.2
207913.413.319.118.3
208013.413.319.118.3
208113.413.319.218.3
208213.413.319.218.4
208313.413.319.318.4
208413.413.319.318.5
208513.413.319.418.5
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