Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284284
2021272272
2022259259
2023245245
2024230230
2025214215
2026198199
2027181182
2028164165
2029145147
2030127128
2031107109
20328790
20336770
20344650
20352529
203648
2037-18-13
2038-40-34
2039-62-55
2040-85-76
2041-108-98
2042-130-120
2043-153-141
2044-176-163
2045-200-185
2046-223-207
2047-247-229
2048-271-251
2049-295-273
2050-319-295
2051-343-317
2052-368-339
2053-393-362
2054-418-384
2055-443-407
2056-468-430
2057-494-453
2058-521-476
2059-548-500
2060-575-524
2061-602-548
2062-630-573
2063-659-597
2064-687-622
2065-716-647
2066-746-672
2067-775-698
2068-805-723
2069-835-749
2070-866-775
2071-897-802
2072-928-828
2073-960-855
2074-992-882
2075-1025-909
2076-1058-937
2077-1092-965
2078-1126-993
2079-1161-1022
2080-1196-1052
2081-1232-1082
2082-1268-1113
2083-1305-1144
2084-1342-1175
2085-1380-1207
2086-1419-1239
back