Proposed Provision: C1.4. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2025 and ending in 2036 (NRA reaches 69 for those age 62 in 2036). Thereafter, increase the NRA 1 month every 2 years.

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
203013.213.215.515.4
203113.213.215.615.5
203213.213.215.615.5
203313.313.315.715.5
203413.313.315.815.5
203513.313.315.915.6
203613.313.316.015.6
203713.313.316.115.7
203813.313.316.215.7
203913.313.316.315.7
204013.313.316.315.7
204113.313.316.415.7
204213.313.316.415.7
204313.313.316.515.7
204413.313.316.515.6
204513.313.316.615.6
204613.313.316.615.6
204713.413.316.615.6
204813.413.316.715.5
204913.413.316.715.5
205013.413.316.815.5
205113.413.316.815.5
205213.413.316.915.5
205313.413.316.915.5
205413.413.317.015.6
205513.413.317.115.6
205613.413.317.215.6
205713.413.317.215.6
205813.413.317.315.7
205913.413.317.415.7
206013.413.317.515.8
206113.413.317.615.8
206213.413.317.715.9
206313.413.317.715.9
206413.413.417.815.9
206513.513.417.916.0
206613.513.417.916.0
206713.513.418.016.1
206813.513.418.016.1
206913.513.418.116.1
207013.513.418.216.2
207113.513.418.316.2
207213.513.418.316.2
207313.513.418.416.3
207413.513.418.416.3
207513.513.418.516.3
207613.513.418.516.4
207713.513.418.616.4
207813.513.418.616.4
207913.513.418.616.4
208013.513.418.616.4
208113.513.418.616.3
208213.513.418.616.3
208313.513.418.516.3
208413.513.418.516.2
208513.513.418.516.2
208613.513.418.416.1
208713.513.418.416.0
208813.513.418.316.0
208913.513.418.215.9
209013.513.418.215.8
209113.513.418.115.8
209213.513.418.115.7
209313.513.418.115.7
209413.513.418.115.6
209513.513.418.115.6
209613.513.318.115.5
209713.513.318.115.4
209813.513.318.115.4
209913.513.318.215.4
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