Proposed Provision: C1.3. 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.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159160
2027141141
2028122123
2029104104
20308586
20316667
20324648
20332729
203479
2035-13-10
2036-33-30
2037-54-51
2038-76-72
2039-97-93
2040-119-114
2041-142-136
2042-165-158
2043-188-180
2044-211-202
2045-235-225
2046-258-247
2047-282-270
2048-306-293
2049-330-315
2050-354-338
2051-378-361
2052-403-384
2053-427-407
2054-452-430
2055-477-454
2056-502-477
2057-527-500
2058-552-523
2059-578-546
2060-604-570
2061-630-594
2062-657-618
2063-684-643
2064-712-668
2065-740-693
2066-768-718
2067-796-744
2068-825-770
2069-855-796
2070-884-822
2071-914-849
2072-945-877
2073-976-904
2074-1007-932
2075-1039-960
2076-1071-989
2077-1105-1019
2078-1139-1049
2079-1175-1081
2080-1211-1112
2081-1248-1145
2082-1286-1178
2083-1324-1211
2084-1363-1245
2085-1403-1279
2086-1443-1313
2087-1483-1347
2088-1524-1382
2089-1564-1418
2090-1604-1453
2091-1643-1487
2092-1681-1521
2093-1718-1553
2094-1754-1585
2095-1789-1617
2096-1825-1649
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