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 62 in 2023.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 195 |
| 2025 | 177 | 178 |
| 2026 | 160 | 160 |
| 2027 | 143 | 144 |
| 2028 | 126 | 127 |
| 2029 | 109 | 110 |
| 2030 | 91 | 93 |
| 2031 | 74 | 76 |
| 2032 | 57 | 60 |
| 2033 | 39 | 43 |
| 2034 | 21 | 25 |
| 2035 | 3 | 8 |
| 2036 | -16 | -10 |
| 2037 | -35 | -29 |
| 2038 | -54 | -47 |
| 2039 | -74 | -66 |
| 2040 | -95 | -86 |
| 2041 | -116 | -106 |
| 2042 | -137 | -126 |
| 2043 | -158 | -146 |
| 2044 | -180 | -166 |
| 2045 | -202 | -187 |
| 2046 | -224 | -207 |
| 2047 | -246 | -228 |
| 2048 | -268 | -249 |
| 2049 | -291 | -270 |
| 2050 | -313 | -291 |
| 2051 | -336 | -312 |
| 2052 | -359 | -333 |
| 2053 | -383 | -354 |
| 2054 | -406 | -376 |
| 2055 | -430 | -397 |
| 2056 | -453 | -418 |
| 2057 | -477 | -440 |
| 2058 | -501 | -461 |
| 2059 | -525 | -483 |
| 2060 | -550 | -505 |
| 2061 | -575 | -527 |
| 2062 | -601 | -550 |
| 2063 | -627 | -573 |
| 2064 | -654 | -597 |
| 2065 | -681 | -621 |
| 2066 | -708 | -645 |
| 2067 | -736 | -669 |
| 2068 | -764 | -694 |
| 2069 | -792 | -719 |
| 2070 | -821 | -744 |
| 2071 | -850 | -770 |
| 2072 | -880 | -796 |
| 2073 | -910 | -822 |
| 2074 | -940 | -848 |
| 2075 | -971 | -875 |
| 2076 | -1003 | -903 |
| 2077 | -1036 | -931 |
| 2078 | -1069 | -961 |
| 2079 | -1104 | -990 |
| 2080 | -1139 | -1021 |
| 2081 | -1175 | -1052 |
| 2082 | -1212 | -1083 |
| 2083 | -1249 | -1114 |
| 2084 | -1286 | -1147 |
| 2085 | -1324 | -1179 |
| 2086 | -1363 | -1212 |
| 2087 | -1402 | -1246 |
| 2088 | -1442 | -1280 |
| 2089 | -1481 | -1313 |
| 2090 | -1520 | -1347 |
| 2091 | -1558 | -1380 |
| 2092 | -1595 | -1413 |
| 2093 | -1632 | -1445 |
| 2094 | -1668 | -1476 |
| 2095 | -1703 | -1506 |
| 2096 | -1738 | -1537 |
| 2097 | -1773 | -1567 |
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