Proposed Provision: C2.2. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2020.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 230 |
| 2023 | 213 | 214 |
| 2024 | 197 | 198 |
| 2025 | 180 | 181 |
| 2026 | 163 | 165 |
| 2027 | 147 | 149 |
| 2028 | 130 | 132 |
| 2029 | 114 | 116 |
| 2030 | 97 | 100 |
| 2031 | 80 | 84 |
| 2032 | 63 | 67 |
| 2033 | 46 | 51 |
| 2034 | 28 | 34 |
| 2035 | 10 | 16 |
| 2036 | -9 | -2 |
| 2037 | -28 | -20 |
| 2038 | -47 | -39 |
| 2039 | -67 | -57 |
| 2040 | -87 | -77 |
| 2041 | -108 | -96 |
| 2042 | -129 | -116 |
| 2043 | -150 | -135 |
| 2044 | -171 | -155 |
| 2045 | -192 | -175 |
| 2046 | -213 | -194 |
| 2047 | -234 | -214 |
| 2048 | -255 | -233 |
| 2049 | -276 | -253 |
| 2050 | -297 | -272 |
| 2051 | -318 | -291 |
| 2052 | -338 | -310 |
| 2053 | -359 | -329 |
| 2054 | -380 | -348 |
| 2055 | -401 | -366 |
| 2056 | -422 | -385 |
| 2057 | -444 | -404 |
| 2058 | -465 | -422 |
| 2059 | -487 | -441 |
| 2060 | -509 | -460 |
| 2061 | -531 | -480 |
| 2062 | -554 | -500 |
| 2063 | -577 | -520 |
| 2064 | -601 | -540 |
| 2065 | -625 | -561 |
| 2066 | -649 | -582 |
| 2067 | -674 | -604 |
| 2068 | -699 | -625 |
| 2069 | -724 | -647 |
| 2070 | -749 | -668 |
| 2071 | -776 | -691 |
| 2072 | -802 | -713 |
| 2073 | -830 | -737 |
| 2074 | -857 | -760 |
| 2075 | -885 | -784 |
| 2076 | -914 | -809 |
| 2077 | -944 | -834 |
| 2078 | -975 | -860 |
| 2079 | -1007 | -887 |
| 2080 | -1039 | -915 |
| 2081 | -1072 | -942 |
| 2082 | -1106 | -969 |
| 2083 | -1139 | -998 |
| 2084 | -1173 | -1028 |
| 2085 | -1207 | -1058 |
| 2086 | -1242 | -1089 |
| 2087 | -1275 | -1119 |
| 2088 | -1309 | -1148 |
| 2089 | -1342 | -1176 |
| 2090 | -1375 | -1203 |
| 2091 | -1407 | -1229 |
| 2092 | -1439 | -1254 |
| 2093 | -1471 | -1278 |
| 2094 | -1503 | -1303 |
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