Detailed Single Year Tables
Description of Proposed Provision:
C2.7: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2026 by 3 months per year until EEA reaches 64 in 2033 and NRA reaches 69 in 2033.
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 | 15.25 | 13.04 | -2.21 | 150 | -0.04 | 0.00 | 0.04 | ||
| 2027 | 15.41 | 13.09 | -2.32 | 132 | -0.07 | 0.00 | 0.08 | ||
| 2028 | 15.48 | 13.12 | -2.36 | 114 | -0.11 | 0.01 | 0.12 | ||
| 2029 | 15.54 | 13.14 | -2.40 | 98 | -0.15 | 0.01 | 0.16 | ||
| 2030 | 15.61 | 13.17 | -2.44 | 81 | -0.19 | 0.01 | 0.20 | ||
| 2031 | 15.68 | 13.20 | -2.48 | 65 | -0.23 | 0.01 | 0.24 | ||
| 2032 | 15.73 | 13.21 | -2.51 | 49 | -0.27 | 0.01 | 0.29 | ||
| 2033 | 15.75 | 13.26 | -2.50 | 33 | -0.32 | 0.01 | 0.33 | ||
| 2034 | 15.76 | 13.28 | -2.49 | 17 | -0.38 | 0.01 | 0.39 | ||
| 2035 | 15.78 | 13.29 | -2.50 | 2 | -0.45 | 0.01 | 0.46 | ||
| 2036 | 15.80 | 13.29 | -2.51 | — | -0.52 | 0.01 | 0.53 | ||
| 2037 | 15.83 | 13.30 | -2.53 | — | -0.58 | 0.00 | 0.59 | ||
| 2038 | 15.85 | 13.30 | -2.54 | — | -0.64 | 0.00 | 0.64 | ||
| 2039 | 15.86 | 13.31 | -2.56 | — | -0.69 | -0.00 | 0.69 | ||
| 2040 | 15.87 | 13.31 | -2.56 | — | -0.73 | -0.00 | 0.73 | ||
| 2041 | 15.89 | 13.32 | -2.57 | — | -0.76 | -0.00 | 0.75 | ||
| 2042 | 15.89 | 13.32 | -2.57 | — | -0.79 | -0.01 | 0.78 | ||
| 2043 | 15.89 | 13.32 | -2.57 | — | -0.82 | -0.01 | 0.81 | ||
| 2044 | 15.89 | 13.32 | -2.57 | — | -0.85 | -0.01 | 0.84 | ||
| 2045 | 15.90 | 13.32 | -2.57 | — | -0.88 | -0.01 | 0.87 | ||
| 2046 | 15.90 | 13.33 | -2.57 | — | -0.91 | -0.01 | 0.89 | ||
| 2047 | 15.90 | 13.33 | -2.57 | — | -0.94 | -0.01 | 0.92 | ||
| 2048 | 15.92 | 13.33 | -2.58 | — | -0.96 | -0.02 | 0.95 | ||
| 2049 | 15.93 | 13.34 | -2.60 | — | -0.99 | -0.02 | 0.97 | ||
| 2050 | 15.96 | 13.34 | -2.62 | — | -1.01 | -0.02 | 1.00 | ||
| 2051 | 15.98 | 13.34 | -2.64 | — | -1.04 | -0.02 | 1.02 | ||
| 2052 | 16.02 | 13.35 | -2.67 | — | -1.06 | -0.02 | 1.04 | ||
| 2053 | 16.07 | 13.35 | -2.71 | — | -1.08 | -0.02 | 1.06 | ||
| 2054 | 16.12 | 13.36 | -2.76 | — | -1.10 | -0.02 | 1.08 | ||
| 2055 | 16.18 | 13.36 | -2.82 | — | -1.12 | -0.02 | 1.09 | ||
| 2056 | 16.25 | 13.37 | -2.88 | — | -1.14 | -0.02 | 1.11 | ||
| 2057 | 16.33 | 13.38 | -2.95 | — | -1.15 | -0.02 | 1.13 | ||
| 2058 | 16.41 | 13.38 | -3.03 | — | -1.16 | -0.03 | 1.14 | ||
| 2059 | 16.49 | 13.39 | -3.10 | — | -1.17 | -0.03 | 1.14 | ||
| 2060 | 16.57 | 13.40 | -3.17 | — | -1.18 | -0.03 | 1.15 | ||
| 2061 | 16.65 | 13.40 | -3.24 | — | -1.17 | -0.03 | 1.15 | ||
| 2062 | 16.72 | 13.41 | -3.31 | — | -1.17 | -0.03 | 1.15 | ||
| 2063 | 16.79 | 13.41 | -3.37 | — | -1.18 | -0.03 | 1.15 | ||
| 2064 | 16.85 | 13.42 | -3.43 | — | -1.18 | -0.03 | 1.15 | ||
| 2065 | 16.91 | 13.42 | -3.49 | — | -1.19 | -0.03 | 1.16 | ||
| 2066 | 16.97 | 13.43 | -3.55 | — | -1.19 | -0.03 | 1.16 | ||
| 2067 | 17.04 | 13.43 | -3.60 | — | -1.20 | -0.03 | 1.17 | ||
| 2068 | 17.10 | 13.44 | -3.66 | — | -1.21 | -0.03 | 1.18 | ||
| 2069 | 17.17 | 13.45 | -3.72 | — | -1.21 | -0.03 | 1.18 | ||
| 2070 | 17.24 | 13.45 | -3.78 | — | -1.22 | -0.03 | 1.19 | ||
| 2071 | 17.30 | 13.46 | -3.84 | — | -1.23 | -0.03 | 1.20 | ||
| 2072 | 17.37 | 13.46 | -3.90 | — | -1.23 | -0.03 | 1.20 | ||
| 2073 | 17.44 | 13.47 | -3.97 | — | -1.23 | -0.03 | 1.20 | ||
| 2074 | 17.51 | 13.48 | -4.03 | — | -1.23 | -0.03 | 1.20 | ||
| 2075 | 17.57 | 13.48 | -4.09 | — | -1.23 | -0.03 | 1.20 | ||
| 2076 | 17.62 | 13.48 | -4.14 | — | -1.23 | -0.03 | 1.20 | ||
| 2077 | 17.67 | 13.49 | -4.18 | — | -1.22 | -0.03 | 1.19 | ||
| 2078 | 17.71 | 13.49 | -4.22 | — | -1.22 | -0.03 | 1.19 | ||
| 2079 | 17.73 | 13.49 | -4.24 | — | -1.21 | -0.03 | 1.18 | ||
| 2080 | 17.75 | 13.49 | -4.25 | — | -1.21 | -0.03 | 1.17 | ||
| 2081 | 17.75 | 13.50 | -4.26 | — | -1.20 | -0.03 | 1.17 | ||
| 2082 | 17.75 | 13.50 | -4.26 | — | -1.20 | -0.03 | 1.17 | ||
| 2083 | 17.74 | 13.50 | -4.25 | — | -1.19 | -0.03 | 1.16 | ||
| 2084 | 17.72 | 13.49 | -4.23 | — | -1.19 | -0.03 | 1.15 | ||
| 2085 | 17.69 | 13.49 | -4.20 | — | -1.18 | -0.03 | 1.15 | ||
| 2086 | 17.65 | 13.49 | -4.16 | — | -1.17 | -0.03 | 1.13 | ||
| 2087 | 17.61 | 13.49 | -4.12 | — | -1.16 | -0.03 | 1.13 | ||
| 2088 | 17.55 | 13.48 | -4.07 | — | -1.15 | -0.03 | 1.12 | ||
| 2089 | 17.49 | 13.48 | -4.01 | — | -1.15 | -0.03 | 1.12 | ||
| 2090 | 17.43 | 13.47 | -3.95 | — | -1.15 | -0.03 | 1.12 | ||
| 2091 | 17.36 | 13.47 | -3.89 | — | -1.16 | -0.03 | 1.12 | ||
| 2092 | 17.30 | 13.47 | -3.84 | — | -1.16 | -0.03 | 1.13 | ||
| 2093 | 17.26 | 13.47 | -3.79 | — | -1.16 | -0.03 | 1.13 | ||
| 2094 | 17.22 | 13.46 | -3.75 | — | -1.17 | -0.03 | 1.13 | ||
| 2095 | 17.19 | 13.46 | -3.73 | — | -1.17 | -0.03 | 1.14 | ||
| 2096 | 17.17 | 13.46 | -3.71 | — | -1.17 | -0.03 | 1.14 | ||
| 2097 | 17.16 | 13.46 | -3.70 | — | -1.17 | -0.03 | 1.14 | ||
| 2098 | 17.16 | 13.46 | -3.69 | — | -1.17 | -0.03 | 1.14 | ||
| 2099 | 17.16 | 13.46 | -3.70 | — | -1.18 | -0.03 | 1.14 | ||
| 2100 | 17.17 | 13.46 | -3.71 | — | -1.18 | -0.03 | 1.15 | ||
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 | 16.69% | 13.77% | -2.92% | 2035 | -0.92% | -0.02% | 0.91% | ||
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.