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 |
2005 | 320 | 320 |
2006 | 337 | 337 |
2007 | 355 | 355 |
2008 | 370 | 370 |
2009 | 383 | 383 |
2010 | 394 | 394 |
2011 | 404 | 404 |
2012 | 410 | 410 |
2013 | 415 | 415 |
2014 | 417 | 418 |
2015 | 418 | 420 |
2016 | 416 | 420 |
2017 | 412 | 418 |
2018 | 407 | 414 |
2019 | 401 | 410 |
2020 | 393 | 403 |
2021 | 383 | 395 |
2022 | 372 | 385 |
2023 | 360 | 373 |
2024 | 346 | 361 |
2025 | 332 | 347 |
2026 | 316 | 331 |
2027 | 299 | 315 |
2028 | 282 | 298 |
2029 | 264 | 281 |
2030 | 245 | 262 |
2031 | 225 | 244 |
2032 | 205 | 224 |
2033 | 185 | 204 |
2034 | 164 | 184 |
2035 | 143 | 164 |
2036 | 121 | 143 |
2037 | 99 | 121 |
2038 | 77 | 100 |
2039 | 54 | 78 |
2040 | 31 | 55 |
2041 | 7 | 32 |
2042 | -17 | 9 |
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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