Detailed Single Year Tables
Description of Proposed Provision:
C1.4: Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2026 and ending in 2037 (NRA reaches 69 for those age 62 in 2037). Thereafter, increase the NRA 1 month every 2 years.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.27 | 13.03 | -2.24 | 149 | -0.01 | -0.00 | 0.01 | ||
| 2027 | 15.45 | 13.08 | -2.36 | 131 | -0.03 | -0.00 | 0.03 | ||
| 2028 | 15.54 | 13.11 | -2.43 | 114 | -0.05 | -0.00 | 0.05 | ||
| 2029 | 15.63 | 13.13 | -2.49 | 96 | -0.06 | -0.00 | 0.06 | ||
| 2030 | 15.72 | 13.16 | -2.56 | 79 | -0.08 | -0.00 | 0.08 | ||
| 2031 | 15.81 | 13.18 | -2.63 | 62 | -0.10 | -0.00 | 0.10 | ||
| 2032 | 15.88 | 13.20 | -2.68 | 45 | -0.12 | -0.00 | 0.11 | ||
| 2033 | 15.94 | 13.24 | -2.70 | 29 | -0.14 | -0.00 | 0.13 | ||
| 2034 | 15.96 | 13.26 | -2.70 | 12 | -0.18 | -0.01 | 0.18 | ||
| 2035 | 15.99 | 13.27 | -2.72 | — | -0.24 | -0.01 | 0.23 | ||
| 2036 | 16.02 | 13.27 | -2.74 | — | -0.31 | -0.01 | 0.30 | ||
| 2037 | 16.04 | 13.28 | -2.76 | — | -0.38 | -0.01 | 0.36 | ||
| 2038 | 16.04 | 13.28 | -2.76 | — | -0.45 | -0.02 | 0.43 | ||
| 2039 | 16.03 | 13.29 | -2.75 | — | -0.52 | -0.02 | 0.50 | ||
| 2040 | 16.01 | 13.29 | -2.72 | — | -0.59 | -0.02 | 0.57 | ||
| 2041 | 15.98 | 13.29 | -2.69 | — | -0.67 | -0.03 | 0.64 | ||
| 2042 | 15.94 | 13.29 | -2.65 | — | -0.74 | -0.03 | 0.71 | ||
| 2043 | 15.90 | 13.29 | -2.61 | — | -0.81 | -0.03 | 0.77 | ||
| 2044 | 15.87 | 13.29 | -2.57 | — | -0.88 | -0.04 | 0.84 | ||
| 2045 | 15.83 | 13.29 | -2.54 | — | -0.94 | -0.04 | 0.90 | ||
| 2046 | 15.80 | 13.29 | -2.51 | — | -1.00 | -0.05 | 0.96 | ||
| 2047 | 15.77 | 13.29 | -2.48 | — | -1.06 | -0.05 | 1.02 | ||
| 2048 | 15.75 | 13.30 | -2.46 | — | -1.13 | -0.05 | 1.07 | ||
| 2049 | 15.74 | 13.30 | -2.44 | — | -1.18 | -0.06 | 1.13 | ||
| 2050 | 15.73 | 13.30 | -2.43 | — | -1.24 | -0.06 | 1.18 | ||
| 2051 | 15.72 | 13.30 | -2.42 | — | -1.30 | -0.06 | 1.24 | ||
| 2052 | 15.72 | 13.30 | -2.42 | — | -1.36 | -0.07 | 1.29 | ||
| 2053 | 15.73 | 13.30 | -2.43 | — | -1.41 | -0.07 | 1.34 | ||
| 2054 | 15.75 | 13.31 | -2.44 | — | -1.47 | -0.07 | 1.39 | ||
| 2055 | 15.78 | 13.31 | -2.47 | — | -1.52 | -0.07 | 1.44 | ||
| 2056 | 15.81 | 13.31 | -2.50 | — | -1.58 | -0.08 | 1.50 | ||
| 2057 | 15.85 | 13.32 | -2.53 | — | -1.63 | -0.08 | 1.54 | ||
| 2058 | 15.90 | 13.32 | -2.57 | — | -1.67 | -0.08 | 1.59 | ||
| 2059 | 15.94 | 13.33 | -2.62 | — | -1.72 | -0.09 | 1.63 | ||
| 2060 | 15.99 | 13.33 | -2.65 | — | -1.76 | -0.09 | 1.67 | ||
| 2061 | 16.03 | 13.34 | -2.69 | — | -1.79 | -0.09 | 1.70 | ||
| 2062 | 16.07 | 13.34 | -2.73 | — | -1.82 | -0.10 | 1.73 | ||
| 2063 | 16.11 | 13.34 | -2.76 | — | -1.86 | -0.10 | 1.76 | ||
| 2064 | 16.14 | 13.35 | -2.79 | — | -1.89 | -0.10 | 1.79 | ||
| 2065 | 16.18 | 13.35 | -2.83 | — | -1.92 | -0.10 | 1.82 | ||
| 2066 | 16.22 | 13.36 | -2.86 | — | -1.95 | -0.10 | 1.84 | ||
| 2067 | 16.26 | 13.36 | -2.90 | — | -1.98 | -0.10 | 1.87 | ||
| 2068 | 16.30 | 13.37 | -2.93 | — | -2.01 | -0.11 | 1.90 | ||
| 2069 | 16.34 | 13.37 | -2.97 | — | -2.04 | -0.11 | 1.93 | ||
| 2070 | 16.39 | 13.37 | -3.01 | — | -2.07 | -0.11 | 1.96 | ||
| 2071 | 16.43 | 13.38 | -3.05 | — | -2.10 | -0.11 | 1.99 | ||
| 2072 | 16.47 | 13.38 | -3.09 | — | -2.13 | -0.11 | 2.02 | ||
| 2073 | 16.51 | 13.39 | -3.13 | — | -2.16 | -0.11 | 2.05 | ||
| 2074 | 16.56 | 13.39 | -3.17 | — | -2.18 | -0.12 | 2.07 | ||
| 2075 | 16.59 | 13.40 | -3.20 | — | -2.21 | -0.12 | 2.09 | ||
| 2076 | 16.62 | 13.40 | -3.22 | — | -2.23 | -0.12 | 2.11 | ||
| 2077 | 16.65 | 13.40 | -3.24 | — | -2.25 | -0.12 | 2.13 | ||
| 2078 | 16.66 | 13.40 | -3.26 | — | -2.26 | -0.12 | 2.14 | ||
| 2079 | 16.67 | 13.40 | -3.26 | — | -2.28 | -0.12 | 2.16 | ||
| 2080 | 16.66 | 13.41 | -3.26 | — | -2.30 | -0.12 | 2.17 | ||
| 2081 | 16.64 | 13.40 | -3.24 | — | -2.31 | -0.12 | 2.19 | ||
| 2082 | 16.62 | 13.40 | -3.22 | — | -2.33 | -0.13 | 2.20 | ||
| 2083 | 16.60 | 13.40 | -3.19 | — | -2.34 | -0.13 | 2.21 | ||
| 2084 | 16.56 | 13.40 | -3.16 | — | -2.35 | -0.13 | 2.22 | ||
| 2085 | 16.52 | 13.40 | -3.12 | — | -2.35 | -0.13 | 2.22 | ||
| 2086 | 16.46 | 13.40 | -3.06 | — | -2.36 | -0.13 | 2.23 | ||
| 2087 | 16.39 | 13.39 | -3.00 | — | -2.37 | -0.13 | 2.24 | ||
| 2088 | 16.32 | 13.39 | -2.94 | — | -2.38 | -0.13 | 2.25 | ||
| 2089 | 16.25 | 13.38 | -2.87 | — | -2.39 | -0.13 | 2.26 | ||
| 2090 | 16.18 | 13.38 | -2.81 | — | -2.39 | -0.13 | 2.26 | ||
| 2091 | 16.11 | 13.37 | -2.73 | — | -2.41 | -0.13 | 2.28 | ||
| 2092 | 16.03 | 13.37 | -2.66 | — | -2.44 | -0.13 | 2.30 | ||
| 2093 | 15.95 | 13.37 | -2.59 | — | -2.47 | -0.13 | 2.33 | ||
| 2094 | 15.88 | 13.36 | -2.52 | — | -2.51 | -0.13 | 2.37 | ||
| 2095 | 15.81 | 13.36 | -2.45 | — | -2.55 | -0.14 | 2.41 | ||
| 2096 | 15.74 | 13.35 | -2.38 | — | -2.60 | -0.14 | 2.46 | ||
| 2097 | 15.68 | 13.35 | -2.33 | — | -2.65 | -0.14 | 2.51 | ||
| 2098 | 15.64 | 13.35 | -2.29 | — | -2.69 | -0.14 | 2.55 | ||
| 2099 | 15.61 | 13.35 | -2.27 | — | -2.72 | -0.15 | 2.58 | ||
| 2100 | 15.61 | 13.35 | -2.26 | — | -2.75 | -0.15 | 2.60 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 16.17% | 13.71% | -2.46% | 2034 | -1.44% | -0.07% | 1.36% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.