Proposed Provision: C2.4. Starting for those age 62 in 2025, increase both the normal retirement age (NRA) and the earliest eligibility age (EEA) by 36/47 of a month per year until the NRA and EEA reach 70 and 65 respectively. For each year, the computed NRA and EEA round down to the next lower full month.
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 | 15.4 |
| 2031 | 13.2 | 13.2 | 15.6 | 15.5 |
| 2032 | 13.2 | 13.2 | 15.6 | 15.5 |
| 2033 | 13.3 | 13.3 | 15.7 | 15.5 |
| 2034 | 13.3 | 13.3 | 15.8 | 15.6 |
| 2035 | 13.3 | 13.3 | 15.9 | 15.7 |
| 2036 | 13.3 | 13.3 | 16.0 | 15.8 |
| 2037 | 13.3 | 13.3 | 16.1 | 15.9 |
| 2038 | 13.3 | 13.3 | 16.2 | 15.9 |
| 2039 | 13.3 | 13.3 | 16.3 | 16.0 |
| 2040 | 13.3 | 13.3 | 16.3 | 16.0 |
| 2041 | 13.3 | 13.3 | 16.4 | 16.1 |
| 2042 | 13.3 | 13.3 | 16.4 | 16.1 |
| 2043 | 13.3 | 13.3 | 16.5 | 16.1 |
| 2044 | 13.3 | 13.3 | 16.5 | 16.1 |
| 2045 | 13.3 | 13.3 | 16.6 | 16.1 |
| 2046 | 13.3 | 13.3 | 16.6 | 16.1 |
| 2047 | 13.4 | 13.3 | 16.6 | 16.1 |
| 2048 | 13.4 | 13.3 | 16.7 | 16.1 |
| 2049 | 13.4 | 13.4 | 16.7 | 16.1 |
| 2050 | 13.4 | 13.4 | 16.8 | 16.1 |
| 2051 | 13.4 | 13.4 | 16.8 | 16.2 |
| 2052 | 13.4 | 13.4 | 16.9 | 16.2 |
| 2053 | 13.4 | 13.4 | 16.9 | 16.2 |
| 2054 | 13.4 | 13.4 | 17.0 | 16.2 |
| 2055 | 13.4 | 13.4 | 17.1 | 16.3 |
| 2056 | 13.4 | 13.4 | 17.2 | 16.3 |
| 2057 | 13.4 | 13.4 | 17.2 | 16.3 |
| 2058 | 13.4 | 13.4 | 17.3 | 16.4 |
| 2059 | 13.4 | 13.4 | 17.4 | 16.4 |
| 2060 | 13.4 | 13.4 | 17.5 | 16.5 |
| 2061 | 13.4 | 13.4 | 17.6 | 16.5 |
| 2062 | 13.4 | 13.4 | 17.7 | 16.6 |
| 2063 | 13.4 | 13.4 | 17.7 | 16.6 |
| 2064 | 13.4 | 13.4 | 17.8 | 16.6 |
| 2065 | 13.5 | 13.4 | 17.9 | 16.7 |
| 2066 | 13.5 | 13.4 | 17.9 | 16.7 |
| 2067 | 13.5 | 13.4 | 18.0 | 16.7 |
| 2068 | 13.5 | 13.4 | 18.0 | 16.8 |
| 2069 | 13.5 | 13.5 | 18.1 | 16.8 |
| 2070 | 13.5 | 13.5 | 18.2 | 16.8 |
| 2071 | 13.5 | 13.5 | 18.3 | 16.8 |
| 2072 | 13.5 | 13.5 | 18.3 | 16.9 |
| 2073 | 13.5 | 13.5 | 18.4 | 16.9 |
| 2074 | 13.5 | 13.5 | 18.4 | 16.9 |
| 2075 | 13.5 | 13.5 | 18.5 | 17.0 |
| 2076 | 13.5 | 13.5 | 18.5 | 17.0 |
| 2077 | 13.5 | 13.5 | 18.6 | 17.0 |
| 2078 | 13.5 | 13.5 | 18.6 | 17.0 |
| 2079 | 13.5 | 13.5 | 18.6 | 16.9 |
| 2080 | 13.5 | 13.5 | 18.6 | 16.9 |
| 2081 | 13.5 | 13.5 | 18.6 | 16.9 |
| 2082 | 13.5 | 13.5 | 18.6 | 16.8 |
| 2083 | 13.5 | 13.5 | 18.5 | 16.8 |
| 2084 | 13.5 | 13.5 | 18.5 | 16.7 |
| 2085 | 13.5 | 13.5 | 18.5 | 16.7 |
| 2086 | 13.5 | 13.5 | 18.4 | 16.6 |
| 2087 | 13.5 | 13.4 | 18.4 | 16.5 |
| 2088 | 13.5 | 13.4 | 18.3 | 16.5 |
| 2089 | 13.5 | 13.4 | 18.2 | 16.4 |
| 2090 | 13.5 | 13.4 | 18.2 | 16.3 |
| 2091 | 13.5 | 13.4 | 18.1 | 16.3 |
| 2092 | 13.5 | 13.4 | 18.1 | 16.3 |
| 2093 | 13.5 | 13.4 | 18.1 | 16.2 |
| 2094 | 13.5 | 13.4 | 18.1 | 16.2 |
| 2095 | 13.5 | 13.4 | 18.1 | 16.2 |
| 2096 | 13.5 | 13.4 | 18.1 | 16.2 |
| 2097 | 13.5 | 13.4 | 18.1 | 16.2 |
| 2098 | 13.5 | 13.4 | 18.1 | 16.3 |
| 2099 | 13.5 | 13.4 | 18.2 | 16.3 |
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