Proposed Provision: C1.2. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2025 and ending in 2030 (NRA reaches 68 for those age 62 in 2030).

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

Year Current Law Provision
2024188188
2025171171
2026152153
2027134135
2028117118
2029101102
20308486
20316871
20325356
20333741
20342227
2035713
2036-9-2
2037-26-17
2038-43-33
2039-60-48
2040-78-65
2041-96-81
2042-115-98
2043-135-115
2044-154-133
2045-174-150
2046-194-168
2047-215-186
2048-235-205
2049-256-223
2050-277-241
2051-299-260
2052-320-279
2053-342-298
2054-364-317
2055-386-336
2056-409-356
2057-431-376
2058-455-396
2059-478-416
2060-502-437
2061-527-459
2062-553-481
2063-579-504
2064-605-527
2065-632-551
2066-660-575
2067-688-599
2068-716-624
2069-745-650
2070-774-675
2071-803-701
2072-834-728
2073-864-755
2074-895-783
2075-927-811
2076-960-840
2077-993-869
2078-1027-900
2079-1062-931
2080-1098-962
2081-1134-995
2082-1172-1028
2083-1209-1061
2084-1248-1096
2085-1287-1130
2086-1327-1166
2087-1368-1202
2088-1409-1238
2089-1450-1274
2090-1491-1311
2091-1532-1347
2092-1573-1383
2093-1612-1418
2094-1651-1452
2095-1689-1486
2096-1727-1520
2097-1764-1553
2098-1801-1586
2099-1838-1618
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