Proposed Provision: C1.1. Starting with those age 62 in 2025, increase the normal retirement age (NRA) 1 month every 2 years until the NRA reaches 68.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202413.013.014.714.7
202512.912.915.015.0
202613.113.115.215.2
202713.113.115.415.3
202813.113.115.415.4
202913.213.215.515.4
203013.213.215.515.5
203113.213.215.615.5
203213.213.215.615.6
203313.313.315.715.6
203413.313.315.815.7
203513.313.315.915.8
203613.313.316.015.9
203713.313.316.116.0
203813.313.316.216.1
203913.313.316.316.1
204013.313.316.316.2
204113.313.316.416.2
204213.313.316.416.2
204313.313.316.516.3
204413.313.316.516.3
204513.313.316.616.3
204613.313.316.616.3
204713.413.316.616.3
204813.413.316.716.3
204913.413.316.716.3
205013.413.316.816.4
205113.413.316.816.4
205213.413.416.916.4
205313.413.416.916.5
205413.413.417.016.5
205513.413.417.116.6
205613.413.417.216.6
205713.413.417.216.7
205813.413.417.316.7
205913.413.417.416.8
206013.413.417.516.9
206113.413.417.616.9
206213.413.417.717.0
206313.413.417.717.1
206413.413.417.817.1
206513.513.417.917.2
206613.513.417.917.2
206713.513.418.017.3
206813.513.418.017.3
206913.513.418.117.4
207013.513.418.217.5
207113.513.418.317.5
207213.513.418.317.6
207313.513.518.417.6
207413.513.518.417.7
207513.513.518.517.7
207613.513.518.517.8
207713.513.518.617.8
207813.513.518.617.8
207913.513.518.617.8
208013.513.518.617.8
208113.513.518.617.8
208213.513.518.617.8
208313.513.518.517.8
208413.513.518.517.8
208513.513.518.517.7
208613.513.518.417.7
208713.513.518.417.6
208813.513.518.317.6
208913.513.518.217.5
209013.513.418.217.5
209113.513.418.117.4
209213.513.418.117.4
209313.513.418.117.3
209413.513.418.117.3
209513.513.418.117.3
209613.513.418.117.3
209713.513.418.117.3
209813.513.418.117.4
209913.513.418.217.4
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