Proposed Provision: C1.7. After the normal retirement age (NRA) reaches 67 for those attaining age 62 in 2022, increase the NRA by 3 months per year starting for attaining age 62 in 2023 until it reaches 69 for those attaining age 62 in 2030. Increase the age up to which delayed retirement credits may be earned from 70 to 72 on the same schedule. Increase the widow(er) NRA in the same manner. The earliest eligibility age (EEA) for worker's and widow(er)'s benefit is unchanged.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200201
2025183184
2026165167
2027148150
2028130133
2029112116
20309499
20317683
20325866
20333950
20342033
2035117
2036-190
2037-38-16
2038-59-33
2039-80-50
2040-101-67
2041-122-84
2042-144-102
2043-166-119
2044-188-136
2045-210-154
2046-232-171
2047-255-188
2048-277-205
2049-299-222
2050-322-239
2051-344-256
2052-367-273
2053-389-289
2054-412-306
2055-434-322
2056-457-339
2057-480-355
2058-504-372
2059-527-389
2060-551-406
2061-575-423
2062-599-441
2063-624-459
2064-650-477
2065-676-496
2066-702-515
2067-728-535
2068-755-555
2069-782-575
2070-809-596
2071-837-617
2072-866-639
2073-895-661
2074-925-683
2075-955-706
2076-986-730
2077-1018-754
2078-1051-779
2079-1084-804
2080-1119-831
2081-1154-858
2082-1190-885
2083-1226-912
2084-1263-940
2085-1300-968
2086-1337-996
2087-1374-1025
2088-1411-1053
2089-1448-1081
2090-1484-1109
2091-1520-1137
2092-1554-1164
2093-1589-1191
2094-1623-1217
2095-1657-1243
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