Proposed Provision: Index benefits to longevity after the normal retirement age (NRA) reaches age 67 under current law. Under current law, the NRA reaches 67 for individuals who attain age 62 in 2022 and later. Under this provision, the NRA would be further increased by one month for those attaining age 62 in every other year after 2022.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309309
2020299299
2021289289
2022277277
2023264265
2024251251
2025237237
2026221222
2027205206
2028189189
2029171172
2030154155
2031136137
2032117119
203398100
20347982
20355963
20363944
20371924
2038-15
2039-21-15
2040-42-34
2041-63-54
2042-84-73
2043-105-93
2044-126-113
2045-147-132
2046-168-152
2047-189-172
2048-211-191
2049-233-211
2050-255-231
2051-277-251
2052-299-271
2053-321-291
2054-344-310
2055-366-330
2056-389-350
2057-412-371
2058-436-391
2059-460-412
2060-485-433
2061-509-454
2062-534-476
2063-560-498
2064-586-520
2065-612-542
2066-638-564
2067-665-586
2068-692-609
2069-720-632
2070-748-656
2071-776-679
2072-805-704
2073-834-728
2074-864-753
2075-894-778
2076-925-803
2077-957-829
2078-989-855
2079-1021-882
2080-1054-909
2081-1087-937
2082-1121-966
2083-1156-995
2084-1191-1024
2085-1227-1052
back