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

Year Current Law Provision
2024188188
2025171171
2026152152
2027134135
2028117118
2029101101
20308485
20316869
20325354
20333738
20342224
203578
2036-9-7
2037-26-23
2038-43-40
2039-60-57
2040-78-74
2041-96-92
2042-115-110
2043-135-128
2044-154-147
2045-174-166
2046-194-185
2047-215-205
2048-235-224
2049-256-244
2050-277-263
2051-299-283
2052-320-303
2053-342-323
2054-364-344
2055-386-364
2056-409-385
2057-431-406
2058-455-427
2059-478-448
2060-502-470
2061-527-493
2062-553-516
2063-579-539
2064-605-563
2065-632-587
2066-660-612
2067-688-636
2068-716-662
2069-745-687
2070-774-714
2071-803-740
2072-834-767
2073-864-795
2074-895-822
2075-927-850
2076-960-879
2077-993-908
2078-1027-937
2079-1062-968
2080-1098-999
2081-1134-1029
2082-1172-1061
2083-1209-1093
2084-1248-1127
2085-1287-1160
2086-1327-1194
2087-1368-1228
2088-1409-1263
2089-1450-1298
2090-1491-1332
2091-1532-1367
2092-1573-1401
2093-1612-1434
2094-1651-1467
2095-1689-1499
2096-1727-1530
2097-1764-1561
2098-1801-1592
2099-1838-1622
back