Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

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

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157157
2026142142
2027126127
2028110111
20299496
20307780
20316063
20324247
20332330
2034412
2035-16-6
2036-36-24
2037-57-42
2038-78-60
2039-100-79
2040-122-97
2041-144-115
2042-166-134
2043-189-152
2044-211-170
2045-234-188
2046-257-206
2047-280-224
2048-303-242
2049-327-260
2050-351-277
2051-375-294
2052-398-312
2053-423-329
2054-447-346
2055-472-363
2056-496-381
2057-522-398
2058-548-416
2059-574-434
2060-601-452
2061-629-470
2062-657-489
2063-685-508
2064-714-527
2065-744-547
2066-774-567
2067-804-587
2068-835-607
2069-867-629
2070-899-650
2071-932-673
2072-965-696
2073-1000-719
2074-1035-743
2075-1072-767
2076-1110-792
2077-1148-818
2078-1188-844
2079-1228-871
2080-1268-899
2081-1309-927
2082-1350-954
2083-1391-982
2084-1432-1010
2085-1472-1038
2086-1514-1066
2087-1555-1094
2088-1597-1122
2089-1640-1150
2090-1683-1178
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