Proposed Provision: C2.2. Starting for those age 62 in 2025, index the normal retirement age (NRA) to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining 62 in 2025.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 152 | 153 |
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 | 12 |
2036 | -9 | -3 |
2037 | -26 | -18 |
2038 | -43 | -34 |
2039 | -60 | -51 |
2040 | -78 | -67 |
2041 | -96 | -85 |
2042 | -115 | -102 |
2043 | -135 | -120 |
2044 | -154 | -138 |
2045 | -174 | -157 |
2046 | -194 | -176 |
2047 | -215 | -195 |
2048 | -235 | -214 |
2049 | -256 | -233 |
2050 | -277 | -252 |
2051 | -299 | -272 |
2052 | -320 | -291 |
2053 | -342 | -311 |
2054 | -364 | -331 |
2055 | -386 | -351 |
2056 | -409 | -371 |
2057 | -431 | -392 |
2058 | -455 | -413 |
2059 | -478 | -434 |
2060 | -502 | -455 |
2061 | -527 | -477 |
2062 | -553 | -500 |
2063 | -579 | -523 |
2064 | -605 | -547 |
2065 | -632 | -570 |
2066 | -660 | -595 |
2067 | -688 | -619 |
2068 | -716 | -644 |
2069 | -745 | -669 |
2070 | -774 | -695 |
2071 | -803 | -721 |
2072 | -834 | -747 |
2073 | -864 | -774 |
2074 | -895 | -801 |
2075 | -927 | -829 |
2076 | -960 | -857 |
2077 | -993 | -886 |
2078 | -1027 | -916 |
2079 | -1062 | -946 |
2080 | -1098 | -977 |
2081 | -1134 | -1008 |
2082 | -1172 | -1040 |
2083 | -1209 | -1072 |
2084 | -1248 | -1106 |
2085 | -1287 | -1140 |
2086 | -1327 | -1175 |
2087 | -1368 | -1210 |
2088 | -1409 | -1246 |
2089 | -1450 | -1282 |
2090 | -1491 | -1318 |
2091 | -1532 | -1354 |
2092 | -1573 | -1389 |
2093 | -1612 | -1424 |
2094 | -1651 | -1458 |
2095 | -1689 | -1491 |
2096 | -1727 | -1525 |
2097 | -1764 | -1558 |
2098 | -1801 | -1589 |
2099 | -1838 | -1619 |
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