Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase both the NRA and the earliest eligibility age (EEA) by 36/47 of a month per year until the NRA and EEA reach 65 and 70 respectively. For each year, the computed EEA and NRA rounds down to the next lower full month.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227227
2022212212
2023197197
2024181181
2025164165
2026147148
2027129130
2028110112
20299093
20307073
20314952
20322731
2033510
2034-18-12
2035-41-35
2036-65-57
2037-89-80
2038-114-103
2039-138-127
2040-163-151
2041-189-174
2042-215-198
2043-240-222
2044-266-246
2045-292-270
2046-319-295
2047-346-319
2048-373-344
2049-400-368
2050-428-393
2051-456-418
2052-484-442
2053-512-467
2054-540-491
2055-569-516
2056-598-541
2057-628-566
2058-657-591
2059-688-617
2060-719-643
2061-750-669
2062-782-696
2063-814-723
2064-847-750
2065-880-778
2066-913-805
2067-946-833
2068-980-861
2069-1014-888
2070-1049-916
2071-1084-943
2072-1120-972
2073-1156-1001
2074-1193-1030
2075-1230-1060
2076-1268-1090
2077-1307-1121
2078-1346-1152
2079-1385-1183
2080-1425-1215
2081-1465-1246
2082-1505-1278
2083-1547-1310
2084-1588-1342
2085-1631-1374
2086-1673-1407
2087-1717-1440
back