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 |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 152 | 152 |
2027 | 134 | 135 |
2028 | 117 | 118 |
2029 | 101 | 102 |
2030 | 84 | 86 |
2031 | 68 | 71 |
2032 | 53 | 56 |
2033 | 37 | 41 |
2034 | 22 | 27 |
2035 | 7 | 13 |
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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