Proposed Provision: C2.2. 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. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining 62 in 2021.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200201
2025183184
2026165166
2027148149
2028130132
2029112114
20309496
20317679
20325861
20333943
20342025
203516
2036-19-12
2037-38-32
2038-59-51
2039-80-71
2040-101-91
2041-122-111
2042-144-132
2043-166-152
2044-188-173
2045-210-194
2046-232-215
2047-255-236
2048-277-257
2049-299-278
2050-322-299
2051-344-320
2052-367-340
2053-389-361
2054-412-381
2055-434-402
2056-457-422
2057-480-443
2058-504-464
2059-527-485
2060-551-506
2061-575-527
2062-599-549
2063-624-571
2064-650-593
2065-676-616
2066-702-639
2067-728-662
2068-755-686
2069-782-709
2070-809-733
2071-837-758
2072-866-782
2073-895-808
2074-925-833
2075-955-860
2076-986-887
2077-1018-915
2078-1051-943
2079-1084-972
2080-1119-1002
2081-1154-1032
2082-1190-1062
2083-1226-1093
2084-1263-1125
2085-1300-1157
2086-1337-1189
2087-1374-1221
2088-1411-1253
2089-1448-1286
2090-1484-1318
2091-1520-1352
2092-1554-1384
2093-1589-1414
2094-1623-1442
2095-1657-1469
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