Proposed Provision: C1.6. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA by 1 month every 2 years until the NRA reaches 69. Also increase the age up to which the delayed retirement credit may be earned at the same rate (from 70 to 72). No change to earliest eligibility age.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165166
2027148148
2028130131
2029112113
20309495
20317677
20325859
20333941
20342023
203514
2036-19-15
2037-38-35
2038-59-54
2039-80-74
2040-101-94
2041-122-115
2042-144-136
2043-166-157
2044-188-178
2045-210-199
2046-232-220
2047-255-241
2048-277-262
2049-299-283
2050-322-304
2051-344-325
2052-367-345
2053-389-366
2054-412-387
2055-434-408
2056-457-428
2057-480-449
2058-504-470
2059-527-491
2060-551-512
2061-575-534
2062-599-555
2063-624-577
2064-650-600
2065-676-623
2066-702-645
2067-728-669
2068-755-692
2069-782-716
2070-809-740
2071-837-765
2072-866-790
2073-895-815
2074-925-841
2075-955-867
2076-986-893
2077-1018-920
2078-1051-948
2079-1084-976
2080-1119-1005
2081-1154-1035
2082-1190-1065
2083-1226-1095
2084-1263-1125
2085-1300-1156
2086-1337-1188
2087-1374-1218
2088-1411-1249
2089-1448-1279
2090-1484-1309
2091-1520-1339
2092-1554-1369
2093-1589-1397
2094-1623-1425
2095-1657-1452
back