Proposed Provision: C1.6. Starting with those age 62 in 2025, increase the normal retirement age (NRA) 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 Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Current Law |
Provision |
Current Law |
Provision |
| 2024 | 13.0 | 13.0 | 14.7 | 14.7 |
| 2025 | 12.9 | 12.9 | 15.0 | 15.0 |
| 2026 | 13.1 | 13.1 | 15.2 | 15.2 |
| 2027 | 13.1 | 13.1 | 15.4 | 15.3 |
| 2028 | 13.1 | 13.1 | 15.4 | 15.4 |
| 2029 | 13.2 | 13.2 | 15.5 | 15.4 |
| 2030 | 13.2 | 13.2 | 15.5 | 15.5 |
| 2031 | 13.2 | 13.2 | 15.6 | 15.5 |
| 2032 | 13.2 | 13.2 | 15.6 | 15.6 |
| 2033 | 13.3 | 13.3 | 15.7 | 15.6 |
| 2034 | 13.3 | 13.3 | 15.8 | 15.7 |
| 2035 | 13.3 | 13.3 | 15.9 | 15.8 |
| 2036 | 13.3 | 13.3 | 16.0 | 15.9 |
| 2037 | 13.3 | 13.3 | 16.1 | 16.0 |
| 2038 | 13.3 | 13.3 | 16.2 | 16.0 |
| 2039 | 13.3 | 13.3 | 16.3 | 16.1 |
| 2040 | 13.3 | 13.3 | 16.3 | 16.2 |
| 2041 | 13.3 | 13.3 | 16.4 | 16.2 |
| 2042 | 13.3 | 13.3 | 16.4 | 16.2 |
| 2043 | 13.3 | 13.3 | 16.5 | 16.3 |
| 2044 | 13.3 | 13.3 | 16.5 | 16.3 |
| 2045 | 13.3 | 13.3 | 16.6 | 16.3 |
| 2046 | 13.3 | 13.3 | 16.6 | 16.3 |
| 2047 | 13.4 | 13.3 | 16.6 | 16.3 |
| 2048 | 13.4 | 13.3 | 16.7 | 16.3 |
| 2049 | 13.4 | 13.3 | 16.7 | 16.3 |
| 2050 | 13.4 | 13.3 | 16.8 | 16.3 |
| 2051 | 13.4 | 13.3 | 16.8 | 16.4 |
| 2052 | 13.4 | 13.4 | 16.9 | 16.4 |
| 2053 | 13.4 | 13.4 | 16.9 | 16.4 |
| 2054 | 13.4 | 13.4 | 17.0 | 16.5 |
| 2055 | 13.4 | 13.4 | 17.1 | 16.5 |
| 2056 | 13.4 | 13.4 | 17.2 | 16.6 |
| 2057 | 13.4 | 13.4 | 17.2 | 16.6 |
| 2058 | 13.4 | 13.4 | 17.3 | 16.7 |
| 2059 | 13.4 | 13.4 | 17.4 | 16.7 |
| 2060 | 13.4 | 13.4 | 17.5 | 16.8 |
| 2061 | 13.4 | 13.4 | 17.6 | 16.8 |
| 2062 | 13.4 | 13.4 | 17.7 | 16.9 |
| 2063 | 13.4 | 13.4 | 17.7 | 16.9 |
| 2064 | 13.4 | 13.4 | 17.8 | 16.9 |
| 2065 | 13.5 | 13.4 | 17.9 | 17.0 |
| 2066 | 13.5 | 13.4 | 17.9 | 17.0 |
| 2067 | 13.5 | 13.4 | 18.0 | 17.0 |
| 2068 | 13.5 | 13.4 | 18.0 | 17.1 |
| 2069 | 13.5 | 13.4 | 18.1 | 17.1 |
| 2070 | 13.5 | 13.4 | 18.2 | 17.1 |
| 2071 | 13.5 | 13.4 | 18.3 | 17.2 |
| 2072 | 13.5 | 13.4 | 18.3 | 17.2 |
| 2073 | 13.5 | 13.4 | 18.4 | 17.2 |
| 2074 | 13.5 | 13.4 | 18.4 | 17.3 |
| 2075 | 13.5 | 13.4 | 18.5 | 17.3 |
| 2076 | 13.5 | 13.4 | 18.5 | 17.3 |
| 2077 | 13.5 | 13.4 | 18.6 | 17.3 |
| 2078 | 13.5 | 13.4 | 18.6 | 17.3 |
| 2079 | 13.5 | 13.4 | 18.6 | 17.3 |
| 2080 | 13.5 | 13.4 | 18.6 | 17.3 |
| 2081 | 13.5 | 13.4 | 18.6 | 17.3 |
| 2082 | 13.5 | 13.4 | 18.6 | 17.3 |
| 2083 | 13.5 | 13.4 | 18.5 | 17.2 |
| 2084 | 13.5 | 13.4 | 18.5 | 17.2 |
| 2085 | 13.5 | 13.4 | 18.5 | 17.1 |
| 2086 | 13.5 | 13.4 | 18.4 | 17.1 |
| 2087 | 13.5 | 13.4 | 18.4 | 17.0 |
| 2088 | 13.5 | 13.4 | 18.3 | 17.0 |
| 2089 | 13.5 | 13.4 | 18.2 | 16.9 |
| 2090 | 13.5 | 13.4 | 18.2 | 16.8 |
| 2091 | 13.5 | 13.4 | 18.1 | 16.8 |
| 2092 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2093 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2094 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2095 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2096 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2097 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2098 | 13.5 | 13.4 | 18.1 | 16.7 |
| 2099 | 13.5 | 13.4 | 18.2 | 16.7 |
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