Proposed Provision: Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 70
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2005 | 320 | 320 |
2006 | 337 | 337 |
2007 | 355 | 355 |
2008 | 370 | 372 |
2009 | 383 | 386 |
2010 | 394 | 399 |
2011 | 404 | 411 |
2012 | 410 | 420 |
2013 | 415 | 428 |
2014 | 417 | 433 |
2015 | 418 | 437 |
2016 | 416 | 440 |
2017 | 412 | 441 |
2018 | 407 | 439 |
2019 | 401 | 437 |
2020 | 393 | 432 |
2021 | 383 | 425 |
2022 | 372 | 417 |
2023 | 360 | 408 |
2024 | 346 | 397 |
2025 | 332 | 385 |
2026 | 316 | 372 |
2027 | 299 | 358 |
2028 | 282 | 343 |
2029 | 264 | 328 |
2030 | 245 | 312 |
2031 | 225 | 296 |
2032 | 205 | 279 |
2033 | 185 | 262 |
2034 | 164 | 244 |
2035 | 143 | 227 |
2036 | 121 | 209 |
2037 | 99 | 191 |
2038 | 77 | 172 |
2039 | 54 | 154 |
2040 | 31 | 135 |
2041 | 7 | 116 |
2042 | -17 | 97 |
2043 | -41 | 78 |
2044 | -66 | 58 |
2045 | -91 | 39 |
2046 | -117 | 18 |
2047 | -143 | -2 |
2048 | -169 | -23 |
2049 | -196 | -44 |
2050 | -223 | -65 |
2051 | -251 | -86 |
2052 | -279 | -108 |
2053 | -308 | -131 |
2054 | -337 | -153 |
2055 | -367 | -176 |
2056 | -397 | -200 |
2057 | -428 | -224 |
2058 | -460 | -248 |
2059 | -492 | -273 |
2060 | -525 | -298 |
2061 | -558 | -324 |
2062 | -592 | -350 |
2063 | -626 | -377 |
2064 | -661 | -404 |
2065 | -697 | -432 |
2066 | -734 | -462 |
2067 | -772 | -491 |
2068 | -810 | -521 |
2069 | -849 | -550 |
2070 | -889 | -580 |
2071 | -930 | -611 |
2072 | -971 | -642 |
2073 | -1014 | -674 |
2074 | -1057 | -706 |
2075 | -1101 | -739 |
2076 | -1146 | -772 |
2077 | -1192 | -807 |
2078 | -1238 | -842 |
2079 | -1286 | -877 |
2080 | -1334 | -913 |
2081 | -1383 | -950 |
2082 | -1433 | -987 |
2083 | -1484 | -1026 |
2084 | -1536 | -1065 |
2085 | -1589 | -1105 |
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