Proposed Provision: C1.2. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2024 and ending in 2029 (NRA reaches 68 for those age 62 in 2029).
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 150 |
| 2027 | 131 | 133 |
| 2028 | 114 | 115 |
| 2029 | 96 | 98 |
| 2030 | 78 | 81 |
| 2031 | 60 | 64 |
| 2032 | 43 | 47 |
| 2033 | 25 | 30 |
| 2034 | 7 | 13 |
| 2035 | -12 | -4 |
| 2036 | -31 | -22 |
| 2037 | -51 | -40 |
| 2038 | -70 | -58 |
| 2039 | -91 | -77 |
| 2040 | -112 | -96 |
| 2041 | -133 | -115 |
| 2042 | -154 | -135 |
| 2043 | -176 | -154 |
| 2044 | -198 | -174 |
| 2045 | -220 | -194 |
| 2046 | -243 | -214 |
| 2047 | -265 | -234 |
| 2048 | -288 | -254 |
| 2049 | -311 | -275 |
| 2050 | -333 | -295 |
| 2051 | -357 | -316 |
| 2052 | -380 | -336 |
| 2053 | -403 | -357 |
| 2054 | -427 | -377 |
| 2055 | -450 | -398 |
| 2056 | -474 | -419 |
| 2057 | -498 | -440 |
| 2058 | -522 | -461 |
| 2059 | -547 | -482 |
| 2060 | -572 | -504 |
| 2061 | -597 | -527 |
| 2062 | -623 | -550 |
| 2063 | -650 | -573 |
| 2064 | -677 | -597 |
| 2065 | -705 | -621 |
| 2066 | -733 | -646 |
| 2067 | -762 | -671 |
| 2068 | -791 | -697 |
| 2069 | -820 | -723 |
| 2070 | -850 | -750 |
| 2071 | -880 | -777 |
| 2072 | -911 | -804 |
| 2073 | -942 | -831 |
| 2074 | -974 | -860 |
| 2075 | -1006 | -888 |
| 2076 | -1039 | -918 |
| 2077 | -1074 | -948 |
| 2078 | -1108 | -979 |
| 2079 | -1144 | -1011 |
| 2080 | -1181 | -1044 |
| 2081 | -1218 | -1077 |
| 2082 | -1256 | -1110 |
| 2083 | -1294 | -1144 |
| 2084 | -1333 | -1179 |
| 2085 | -1373 | -1214 |
| 2086 | -1413 | -1249 |
| 2087 | -1453 | -1285 |
| 2088 | -1494 | -1321 |
| 2089 | -1534 | -1356 |
| 2090 | -1574 | -1392 |
| 2091 | -1613 | -1426 |
| 2092 | -1651 | -1460 |
| 2093 | -1689 | -1494 |
| 2094 | -1726 | -1527 |
| 2095 | -1762 | -1559 |
| 2096 | -1798 | -1591 |
| 2097 | -1833 | -1622 |
| 2098 | -1868 | -1652 |
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