Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2009) and then increase the NRA by 1 month every 2 years 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
200812.812.811.211.2
200912.812.811.311.3
201012.812.811.411.4
201112.812.811.511.5
201212.912.911.811.7
201312.912.912.012.0
201412.912.912.312.2
201512.912.912.612.5
201613.013.012.912.7
201713.013.013.213.0
201813.013.013.513.2
201913.013.013.813.5
202013.013.014.113.8
202113.113.014.414.0
202213.113.114.714.3
202313.113.114.914.5
202413.113.115.214.8
202513.113.115.415.0
202613.113.115.715.3
202713.213.115.915.5
202813.213.116.115.7
202913.213.216.215.9
203013.213.216.416.0
203113.213.216.516.1
203213.213.216.716.2
203313.213.216.716.3
203413.213.216.816.3
203513.213.216.816.4
203613.213.216.916.4
203713.213.216.916.4
203813.213.216.916.3
203913.213.216.816.3
204013.213.216.816.2
204113.213.216.816.2
204213.213.216.716.1
204313.213.216.716.1
204413.213.216.716.0
204513.213.216.616.0
204613.213.216.616.0
204713.213.216.615.9
204813.213.216.515.9
204913.213.216.515.9
205013.213.216.515.9
205113.213.216.515.8
205213.213.216.515.8
205313.213.216.515.8
205413.213.216.515.9
205513.213.216.615.9
205613.213.216.615.9
205713.213.216.615.9
205813.213.216.615.9
205913.213.216.715.9
206013.213.216.716.0
206113.213.216.716.0
206213.213.216.716.0
206313.313.216.816.0
206413.313.216.816.1
206513.313.216.816.1
206613.313.216.916.1
206713.313.216.916.1
206813.313.216.916.2
206913.313.216.916.2
207013.313.217.016.2
207113.313.217.016.3
207213.313.217.116.3
207313.313.217.116.3
207413.313.217.116.4
207513.313.217.216.4
207613.313.217.216.5
207713.313.217.316.5
207813.313.217.316.6
207913.313.217.416.6
208013.313.217.416.6
208113.313.217.516.7
208213.313.217.516.7
208313.313.317.516.8
208413.313.317.616.8
208513.313.317.616.9
back