Proposed Provision: C1.4. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2025 and ending in 2036 (NRA reaches 69 for those age 62 in 2036). Thereafter, increase the NRA 1 month every 2 years.

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

Year Current Law Provision
2024188188
2025171171
2026152152
2027134135
2028117118
2029101102
20308486
20316871
20325356
20333741
20342227
2035713
2036-9-2
2037-26-17
2038-43-32
2039-60-47
2040-78-62
2041-96-78
2042-115-94
2043-135-109
2044-154-125
2045-174-141
2046-194-157
2047-215-173
2048-235-189
2049-256-205
2050-277-221
2051-299-237
2052-320-253
2053-342-269
2054-364-285
2055-386-301
2056-409-317
2057-431-334
2058-455-350
2059-478-367
2060-502-384
2061-527-401
2062-553-419
2063-579-437
2064-605-455
2065-632-474
2066-660-493
2067-688-512
2068-716-532
2069-745-552
2070-774-573
2071-803-594
2072-834-615
2073-864-637
2074-895-659
2075-927-681
2076-960-704
2077-993-727
2078-1027-751
2079-1062-776
2080-1098-801
2081-1134-827
2082-1172-853
2083-1209-879
2084-1248-906
2085-1287-933
2086-1327-961
2087-1368-989
2088-1409-1017
2089-1450-1045
2090-1491-1074
2091-1532-1101
2092-1573-1129
2093-1612-1157
2094-1651-1185
2095-1689-1213
2096-1727-1242
2097-1764-1269
2098-1801-1295
2099-1838-1318
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