Proposed Provision: Shorten the hiatus in the normal retirement age (speed up the increase to age 67). That is, increase the NRA by 2 months per year for those attaining age 62 in 2012 through 2017, five years earlier than in current law, which would increase the NRA 2 months per year for those reaching age 62 in 2017 through 2022.

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

Year Present Law Provision
2005320320
2006337337
2007355355
2008370370
2009383383
2010394394
2011404404
2012410410
2013415415
2014417418
2015418420
2016416420
2017412418
2018407414
2019401410
2020393403
2021383395
2022372385
2023360373
2024346361
2025332347
2026316331
2027299315
2028282298
2029264281
2030245262
2031225244
2032205224
2033185204
2034164184
2035143164
2036121143
203799121
203877100
20395478
20403155
2041732
2042-179
2043-41-14
2044-66-38
2045-91-63
2046-117-88
2047-143-113
2048-169-139
2049-196-165
2050-223-192
2051-251-219
2052-279-246
2053-308-275
2054-337-303
2055-367-332
2056-397-362
2057-428-392
2058-460-423
2059-492-455
2060-525-487
2061-558-520
2062-592-554
2063-626-588
2064-661-622
2065-697-658
2066-734-694
2067-772-731
2068-810-768
2069-849-807
2070-889-846
2071-930-886
2072-971-927
2073-1014-969
2074-1057-1012
2075-1101-1055
2076-1146-1100
2077-1192-1145
2078-1238-1191
2079-1286-1237
2080-1334-1285
2081-1383-1333
2082-1433-1383
2083-1484-1433
2084-1536-1484
2085-1589-1536
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