Proposed Provision: C1.3. 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 160 |
| 2027 | 141 | 141 |
| 2028 | 122 | 123 |
| 2029 | 104 | 104 |
| 2030 | 85 | 86 |
| 2031 | 66 | 67 |
| 2032 | 46 | 48 |
| 2033 | 27 | 29 |
| 2034 | 7 | 9 |
| 2035 | -13 | -10 |
| 2036 | -33 | -30 |
| 2037 | -54 | -51 |
| 2038 | -76 | -72 |
| 2039 | -97 | -93 |
| 2040 | -119 | -114 |
| 2041 | -142 | -136 |
| 2042 | -165 | -158 |
| 2043 | -188 | -180 |
| 2044 | -211 | -202 |
| 2045 | -235 | -225 |
| 2046 | -258 | -247 |
| 2047 | -282 | -270 |
| 2048 | -306 | -293 |
| 2049 | -330 | -315 |
| 2050 | -354 | -338 |
| 2051 | -378 | -361 |
| 2052 | -403 | -384 |
| 2053 | -427 | -407 |
| 2054 | -452 | -430 |
| 2055 | -477 | -454 |
| 2056 | -502 | -477 |
| 2057 | -527 | -500 |
| 2058 | -552 | -523 |
| 2059 | -578 | -546 |
| 2060 | -604 | -570 |
| 2061 | -630 | -594 |
| 2062 | -657 | -618 |
| 2063 | -684 | -643 |
| 2064 | -712 | -668 |
| 2065 | -740 | -693 |
| 2066 | -768 | -718 |
| 2067 | -796 | -744 |
| 2068 | -825 | -770 |
| 2069 | -855 | -796 |
| 2070 | -884 | -822 |
| 2071 | -914 | -849 |
| 2072 | -945 | -877 |
| 2073 | -976 | -904 |
| 2074 | -1007 | -932 |
| 2075 | -1039 | -960 |
| 2076 | -1071 | -989 |
| 2077 | -1105 | -1019 |
| 2078 | -1139 | -1049 |
| 2079 | -1175 | -1081 |
| 2080 | -1211 | -1112 |
| 2081 | -1248 | -1145 |
| 2082 | -1286 | -1178 |
| 2083 | -1324 | -1211 |
| 2084 | -1363 | -1245 |
| 2085 | -1403 | -1279 |
| 2086 | -1443 | -1313 |
| 2087 | -1483 | -1347 |
| 2088 | -1524 | -1382 |
| 2089 | -1564 | -1418 |
| 2090 | -1604 | -1453 |
| 2091 | -1643 | -1487 |
| 2092 | -1681 | -1521 |
| 2093 | -1718 | -1553 |
| 2094 | -1754 | -1585 |
| 2095 | -1789 | -1617 |
| 2096 | -1825 | -1649 |
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