Proposed Provision: C1.7. After the normal retirement age (NRA) reaches 67 for those attaining age 62 in 2022, increase the NRA by 3 months per year starting for attaining age 62 in 2023 until it reaches 69 for those attaining age 62 in 2030. Increase the age up to which delayed retirement credits may be earned from 70 to 72 on the same schedule. Increase the widow(er) NRA in the same manner. The earliest eligibility age (EEA) for worker's and widow(er)'s benefit is unchanged.

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

Year Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188189
2025171172
2026154156
2027137140
2028120124
2029104108
20308692
20316976
20325160
20333344
20341428
2035-511
2036-25-5
2037-46-23
2038-67-40
2039-88-57
2040-110-75
2041-132-93
2042-154-111
2043-176-128
2044-199-146
2045-221-163
2046-244-181
2047-267-198
2048-289-215
2049-312-232
2050-335-249
2051-358-266
2052-381-282
2053-403-299
2054-426-315
2055-450-332
2056-473-348
2057-496-365
2058-520-382
2059-544-398
2060-569-416
2061-594-433
2062-619-451
2063-645-469
2064-671-488
2065-698-507
2066-725-526
2067-752-546
2068-780-566
2069-808-587
2070-837-608
2071-866-629
2072-896-651
2073-927-674
2074-958-697
2075-990-720
2076-1023-744
2077-1057-770
2078-1092-795
2079-1128-822
2080-1165-849
2081-1202-876
2082-1240-904
2083-1278-933
2084-1316-961
2085-1354-990
2086-1392-1018
2087-1430-1047
2088-1468-1075
2089-1505-1103
2090-1543-1132
2091-1580-1160
2092-1618-1189
2093-1655-1217
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