Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively, and then by 3 months per year in 2022-25 to 69 and 64, respectively.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219220
2022203206
2023187193
2024171179
2025154165
2026137152
2027119138
2028101125
202983111
20306496
20314481
20322366
2033249
2034-2033
2035-4215
2036-65-2
2037-88-20
2038-112-39
2039-136-57
2040-160-76
2041-185-95
2042-210-114
2043-235-133
2044-260-152
2045-285-171
2046-310-190
2047-336-209
2048-362-228
2049-388-248
2050-415-267
2051-442-287
2052-468-307
2053-495-326
2054-523-346
2055-550-366
2056-578-386
2057-606-407
2058-635-428
2059-664-449
2060-694-471
2061-725-494
2062-756-517
2063-787-540
2064-819-564
2065-852-588
2066-885-613
2067-918-638
2068-952-664
2069-987-690
2070-1022-716
2071-1057-743
2072-1094-771
2073-1132-800
2074-1171-830
2075-1210-860
2076-1251-892
2077-1293-924
2078-1335-956
2079-1378-989
2080-1421-1022
2081-1464-1056
2082-1507-1089
2083-1550-1122
2084-1593-1155
2085-1636-1189
2086-1680-1222
2087-1724-1256
2088-1769-1290
2089-1814-1325
back