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 Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 135 |
| 2028 | 117 | 118 |
| 2029 | 101 | 102 |
| 2030 | 84 | 86 |
| 2031 | 68 | 71 |
| 2032 | 53 | 56 |
| 2033 | 37 | 41 |
| 2034 | 22 | 27 |
| 2035 | 7 | 13 |
| 2036 | -9 | -2 |
| 2037 | -26 | -17 |
| 2038 | -43 | -32 |
| 2039 | -60 | -47 |
| 2040 | -78 | -62 |
| 2041 | -96 | -78 |
| 2042 | -115 | -94 |
| 2043 | -135 | -109 |
| 2044 | -154 | -125 |
| 2045 | -174 | -141 |
| 2046 | -194 | -157 |
| 2047 | -215 | -173 |
| 2048 | -235 | -189 |
| 2049 | -256 | -205 |
| 2050 | -277 | -221 |
| 2051 | -299 | -237 |
| 2052 | -320 | -253 |
| 2053 | -342 | -269 |
| 2054 | -364 | -285 |
| 2055 | -386 | -301 |
| 2056 | -409 | -317 |
| 2057 | -431 | -334 |
| 2058 | -455 | -350 |
| 2059 | -478 | -367 |
| 2060 | -502 | -384 |
| 2061 | -527 | -401 |
| 2062 | -553 | -419 |
| 2063 | -579 | -437 |
| 2064 | -605 | -455 |
| 2065 | -632 | -474 |
| 2066 | -660 | -493 |
| 2067 | -688 | -512 |
| 2068 | -716 | -532 |
| 2069 | -745 | -552 |
| 2070 | -774 | -573 |
| 2071 | -803 | -594 |
| 2072 | -834 | -615 |
| 2073 | -864 | -637 |
| 2074 | -895 | -659 |
| 2075 | -927 | -681 |
| 2076 | -960 | -704 |
| 2077 | -993 | -727 |
| 2078 | -1027 | -751 |
| 2079 | -1062 | -776 |
| 2080 | -1098 | -801 |
| 2081 | -1134 | -827 |
| 2082 | -1172 | -853 |
| 2083 | -1209 | -879 |
| 2084 | -1248 | -906 |
| 2085 | -1287 | -933 |
| 2086 | -1327 | -961 |
| 2087 | -1368 | -989 |
| 2088 | -1409 | -1017 |
| 2089 | -1450 | -1045 |
| 2090 | -1491 | -1074 |
| 2091 | -1532 | -1101 |
| 2092 | -1573 | -1129 |
| 2093 | -1612 | -1157 |
| 2094 | -1651 | -1185 |
| 2095 | -1689 | -1213 |
| 2096 | -1727 | -1242 |
| 2097 | -1764 | -1269 |
| 2098 | -1801 | -1295 |
| 2099 | -1838 | -1318 |
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