Proposed Provision: C1.6. Starting with those age 62 in 2024, increase the normal retirement age (NRA) 1 month every 2 years until the NRA reaches 69. Also increase the age up to which the delayed retirement credit may be earned at the same rate (from 70 to 72). No change to earliest eligibility age.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131132
2028114114
20299696
20307879
20316061
20324344
20332526
203478
2035-12-10
2036-31-28
2037-51-48
2038-70-67
2039-91-87
2040-112-107
2041-133-128
2042-154-148
2043-176-169
2044-198-190
2045-220-211
2046-243-233
2047-265-254
2048-288-275
2049-311-297
2050-333-318
2051-357-340
2052-380-362
2053-403-384
2054-427-406
2055-450-427
2056-474-450
2057-498-472
2058-522-494
2059-547-516
2060-572-539
2061-597-562
2062-623-586
2063-650-610
2064-677-634
2065-705-660
2066-733-685
2067-762-711
2068-791-737
2069-820-763
2070-850-790
2071-880-817
2072-911-845
2073-942-872
2074-974-900
2075-1006-929
2076-1039-958
2077-1074-988
2078-1108-1018
2079-1144-1049
2080-1181-1080
2081-1218-1112
2082-1256-1145
2083-1294-1178
2084-1333-1211
2085-1373-1244
2086-1413-1278
2087-1453-1312
2088-1494-1346
2089-1534-1380
2090-1574-1413
2091-1613-1446
2092-1651-1478
2093-1689-1510
2094-1726-1541
2095-1762-1571
2096-1798-1601
2097-1833-1630
2098-1868-1658
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