Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201312.712.713.913.9
201412.812.814.014.0
201512.912.914.014.0
201612.912.913.913.9
201712.912.913.913.9
201812.912.913.913.9
201912.913.014.114.0
202013.013.014.314.1
202113.013.014.414.2
202213.013.014.714.4
202313.013.115.014.6
202413.113.115.214.8
202513.113.115.515.0
202613.113.115.715.2
202713.113.115.915.3
202813.113.116.115.5
202913.113.116.315.6
203013.113.116.515.7
203113.113.216.615.8
203213.113.216.815.9
203313.213.216.915.9
203413.213.216.916.0
203513.213.217.016.0
203613.213.217.016.1
203713.213.217.016.1
203813.213.217.016.0
203913.213.217.016.0
204013.213.217.016.0
204113.213.216.915.9
204213.213.216.915.9
204313.213.216.915.8
204413.213.216.815.8
204513.213.216.815.7
204613.213.216.815.7
204713.213.216.815.7
204813.213.216.815.7
204913.213.216.815.6
205013.213.216.815.6
205113.213.216.815.6
205213.213.216.815.6
205313.213.216.815.6
205413.213.216.915.7
205513.213.216.915.7
205613.213.217.015.7
205713.213.217.015.8
205813.213.217.015.8
205913.213.217.115.9
206013.213.217.115.9
206113.213.217.216.0
206213.213.217.216.0
206313.213.217.316.1
206413.213.217.316.1
206513.213.217.416.1
206613.213.217.416.2
206713.213.217.416.2
206813.213.217.516.2
206913.213.217.516.3
207013.213.217.616.3
207113.213.217.616.4
207213.213.217.716.4
207313.213.217.716.4
207413.213.217.716.4
207513.213.217.716.5
207613.213.217.716.5
207713.213.217.716.5
207813.213.217.716.5
207913.213.217.716.5
208013.213.217.816.5
208113.213.217.816.5
208213.213.217.816.5
208313.213.217.816.6
208413.213.217.916.6
208513.213.217.916.6
208613.213.218.016.7
208713.213.218.016.7
208813.213.218.116.8
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