Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 281 |
2018 | 264 | 265 |
2019 | 248 | 251 |
2020 | 233 | 237 |
2021 | 219 | 224 |
2022 | 204 | 211 |
2023 | 189 | 198 |
2024 | 173 | 185 |
2025 | 157 | 172 |
2026 | 142 | 159 |
2027 | 126 | 146 |
2028 | 110 | 133 |
2029 | 94 | 120 |
2030 | 77 | 107 |
2031 | 60 | 94 |
2032 | 42 | 80 |
2033 | 23 | 65 |
2034 | 4 | 50 |
2035 | -16 | 35 |
2036 | -36 | 19 |
2037 | -57 | 3 |
2038 | -78 | -13 |
2039 | -100 | -30 |
2040 | -122 | -46 |
2041 | -144 | -63 |
2042 | -166 | -80 |
2043 | -189 | -97 |
2044 | -211 | -114 |
2045 | -234 | -131 |
2046 | -257 | -148 |
2047 | -280 | -165 |
2048 | -303 | -182 |
2049 | -327 | -199 |
2050 | -351 | -216 |
2051 | -375 | -233 |
2052 | -398 | -250 |
2053 | -423 | -268 |
2054 | -447 | -285 |
2055 | -472 | -302 |
2056 | -496 | -320 |
2057 | -522 | -338 |
2058 | -548 | -357 |
2059 | -574 | -375 |
2060 | -601 | -395 |
2061 | -629 | -415 |
2062 | -657 | -435 |
2063 | -685 | -456 |
2064 | -714 | -477 |
2065 | -744 | -499 |
2066 | -774 | -521 |
2067 | -804 | -543 |
2068 | -835 | -566 |
2069 | -867 | -590 |
2070 | -899 | -614 |
2071 | -932 | -638 |
2072 | -965 | -662 |
2073 | -1000 | -688 |
2074 | -1035 | -715 |
2075 | -1072 | -743 |
2076 | -1110 | -771 |
2077 | -1148 | -800 |
2078 | -1188 | -830 |
2079 | -1228 | -861 |
2080 | -1268 | -891 |
2081 | -1309 | -923 |
2082 | -1350 | -954 |
2083 | -1391 | -985 |
2084 | -1432 | -1016 |
2085 | -1472 | -1047 |
2086 | -1514 | -1079 |
2087 | -1555 | -1111 |
2088 | -1597 | -1143 |
2089 | -1640 | -1175 |
2090 | -1683 | -1208 |
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