Proposed Provision: Increase the normal retirement age (NRA) 3 months per year starting in 2017 until reaching 70 for those attaining age 62 in 2032. Then increase the NRA 1 month every 2 years thereafter. Note that the NRA would increase from 66 to 67 faster than under current law. Increase the earliest eligibility age (EEA) from 62 to 64 at the same time the NRA would increase from 67 to 69; that is, for those attaining age 62 in 2021 through 2028. Keep EEA at 64 thereafter. Keep years in which delayed retirement credits can be earned at 4 years after attaining NRA.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2010 | 355 | 355 |
| 2011 | 353 | 353 |
| 2012 | 350 | 350 |
| 2013 | 346 | 346 |
| 2014 | 341 | 341 |
| 2015 | 335 | 335 |
| 2016 | 330 | 330 |
| 2017 | 324 | 324 |
| 2018 | 317 | 318 |
| 2019 | 309 | 311 |
| 2020 | 299 | 302 |
| 2021 | 289 | 293 |
| 2022 | 277 | 283 |
| 2023 | 264 | 271 |
| 2024 | 251 | 259 |
| 2025 | 237 | 246 |
| 2026 | 221 | 234 |
| 2027 | 205 | 221 |
| 2028 | 189 | 208 |
| 2029 | 171 | 195 |
| 2030 | 154 | 181 |
| 2031 | 136 | 168 |
| 2032 | 117 | 156 |
| 2033 | 98 | 143 |
| 2034 | 79 | 130 |
| 2035 | 59 | 117 |
| 2036 | 39 | 105 |
| 2037 | 19 | 93 |
| 2038 | -1 | 81 |
| 2039 | -21 | 70 |
| 2040 | -42 | 58 |
| 2041 | -63 | 47 |
| 2042 | -84 | 36 |
| 2043 | -105 | 26 |
| 2044 | -126 | 15 |
| 2045 | -147 | 5 |
| 2046 | -168 | -5 |
| 2047 | -189 | -15 |
| 2048 | -211 | -24 |
| 2049 | -233 | -34 |
| 2050 | -255 | -43 |
| 2051 | -277 | -52 |
| 2052 | -299 | -61 |
| 2053 | -321 | -70 |
| 2054 | -344 | -78 |
| 2055 | -366 | -86 |
| 2056 | -389 | -94 |
| 2057 | -412 | -102 |
| 2058 | -436 | -109 |
| 2059 | -460 | -117 |
| 2060 | -485 | -124 |
| 2061 | -509 | -131 |
| 2062 | -534 | -138 |
| 2063 | -560 | -146 |
| 2064 | -586 | -154 |
| 2065 | -612 | -162 |
| 2066 | -638 | -169 |
| 2067 | -665 | -178 |
| 2068 | -692 | -186 |
| 2069 | -720 | -195 |
| 2070 | -748 | -203 |
| 2071 | -776 | -213 |
| 2072 | -805 | -222 |
| 2073 | -834 | -232 |
| 2074 | -864 | -241 |
| 2075 | -894 | -252 |
| 2076 | -925 | -262 |
| 2077 | -957 | -273 |
| 2078 | -989 | -284 |
| 2079 | -1021 | -296 |
| 2080 | -1054 | -308 |
| 2081 | -1087 | -320 |
| 2082 | -1121 | -332 |
| 2083 | -1156 | -344 |
| 2084 | -1191 | -356 |
| 2085 | -1227 | -368 |
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