Detailed Single Year Tables

Retirement Age	Description of 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 70

Financial Estimates for the OASDI Trust Fund Program
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	With this provision	Present law	Percentage increase
	Percentage of taxable payroll			Trust fund ratio as of January 1	OASDI taxable payroll (in billions of dollars)
2008	11.20	12.77	1.57	359	5,567	5,567	0.0
2009	11.26	12.81	1.54	369	5,859	5,859	0.0
2010	11.36	12.82	1.47	379	6,155	6,155	0.0
2011	11.51	12.84	1.33	387	6,450	6,449	0.0
2012	11.72	12.87	1.15	393	6,747	6,746	0.0
2013	11.96	12.90	0.94	397	7,057	7,055	0.0
2014	12.21	12.91	0.70	399	7,376	7,373	0.0
2015	12.47	12.93	0.46	400	7,705	7,701	0.1
2016	12.71	12.95	0.24	399	8,045	8,039	0.1
2017	12.97	12.97	0.00	397	8,397	8,390	0.1
2018	13.23	12.99	-0.24	393	8,767	8,759	0.1
2019	13.50	13.01	-0.49	388	9,150	9,142	0.1
2020	13.77	13.02	-0.74	381	9,547	9,539	0.1
2021	14.03	13.04	-0.99	374	9,960	9,952	0.1
2022	14.29	13.06	-1.23	365	10,388	10,381	0.1
2023	14.54	13.08	-1.47	356	10,833	10,827	0.1
2024	14.79	13.09	-1.70	345	11,300	11,293	0.1
2025	15.03	13.11	-1.92	333	11,784	11,777	0.1
2026	15.26	13.12	-2.14	320	12,290	12,284	0.1
2027	15.48	13.14	-2.34	306	12,816	12,810	0.0
2028	15.68	13.15	-2.53	292	13,366	13,360	0.0
2029	15.86	13.16	-2.70	277	13,944	13,937	0.1
2030	16.01	13.17	-2.84	261	14,547	14,539	0.1
2031	16.13	13.18	-2.95	246	15,180	15,172	0.1
2032	16.22	13.19	-3.03	230	15,843	15,833	0.1
2033	16.29	13.19	-3.10	213	16,539	16,528	0.1
2034	16.33	13.20	-3.14	197	17,269	17,257	0.1
2035	16.36	13.20	-3.16	180	18,030	18,017	0.1
2036	16.37	13.20	-3.17	163	18,824	18,810	0.1
2037	16.37	13.20	-3.16	146	19,655	19,640	0.1
2038	16.34	13.20	-3.14	129	20,526	20,509	0.1
2039	16.30	13.20	-3.10	112	21,438	21,420	0.1
2040	16.25	13.20	-3.04	95	22,392	22,373	0.1
2041	16.18	13.20	-2.98	78	23,388	23,368	0.1
2042	16.12	13.20	-2.92	61	24,430	24,408	0.1
2043	16.06	13.20	-2.86	44	25,518	25,494	0.1
2044	15.99	13.19	-2.80	27	26,656	26,630	0.1
2045	15.94	13.19	-2.75	10	27,841	27,812	0.1
2046	15.88	13.19	-2.70	----	29,075	29,043	0.1
2047	15.84	13.19	-2.65	----	30,361	30,327	0.1
2048	15.79	13.18	-2.61	----	31,704	31,666	0.1
2049	15.75	13.18	-2.56	----	33,102	33,062	0.1
2050	15.71	13.18	-2.53	----	34,559	34,514	0.1
2051	15.68	13.18	-2.50	----	36,076	36,028	0.1
2052	15.66	13.18	-2.48	----	37,664	37,612	0.1
2053	15.64	13.18	-2.46	----	39,323	39,267	0.1
2054	15.63	13.18	-2.45	----	41,053	40,993	0.1
2055	15.62	13.18	-2.44	----	42,858	42,793	0.2
2056	15.61	13.18	-2.43	----	44,736	44,666	0.2
2057	15.60	13.18	-2.42	----	46,699	46,625	0.2
2058	15.60	13.18	-2.42	----	48,750	48,670	0.2
2059	15.59	13.18	-2.41	----	50,895	50,809	0.2
2060	15.59	13.18	-2.41	----	53,130	53,039	0.2
2061	15.60	13.18	-2.42	----	55,460	55,363	0.2
2062	15.60	13.18	-2.42	----	57,896	57,794	0.2
2063	15.59	13.18	-2.41	----	60,440	60,331	0.2
2064	15.58	13.18	-2.40	----	63,097	62,981	0.2
2065	15.57	13.18	-2.39	----	65,870	65,746	0.2
2066	15.54	13.18	-2.37	----	68,761	68,626	0.2
2067	15.53	13.18	-2.35	----	71,779	71,635	0.2
2068	15.53	13.18	-2.35	----	74,932	74,778	0.2
2069	15.55	13.18	-2.37	----	78,215	78,052	0.2
2070	15.57	13.18	-2.39	----	81,632	81,460	0.2
2071	15.60	13.18	-2.42	----	85,193	85,014	0.2
2072	15.63	13.18	-2.45	----	88,920	88,734	0.2
2073	15.67	13.19	-2.48	----	92,807	92,613	0.2
2074	15.70	13.19	-2.51	----	96,859	96,656	0.2
2075	15.74	13.19	-2.55	----	101,087	100,875	0.2
2076	15.78	13.19	-2.59	----	105,490	105,268	0.2
2077	15.82	13.19	-2.62	----	110,084	109,853	0.2
2078	15.85	13.20	-2.66	----	114,867	114,625	0.2
2079	15.89	13.20	-2.69	----	119,856	119,604	0.2
2080	15.92	13.20	-2.73	----	125,063	124,794	0.2
2081	15.95	13.20	-2.75	----	130,542	130,212	0.3
2082	15.98	13.20	-2.78	----	136,227	135,862	0.3
2083	16.01	13.20	-2.81	----	142,138	141,756	0.3
2084	16.04	13.21	-2.84	----	148,310	147,912	0.3
2085	16.08	13.21	-2.87	----	154,684	154,350	0.2

Summarized Rates
	Years	Cost rate	Income rate	Actuarial balance		Change in actuarial balance
	2008-2082	14.98%	13.9%	-1.08%		0.62%


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Detailed Single Year Tables

Description of 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 70

Description of 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 70