Summary of Provisions That Would Change the Social Security Program

Solvency Provisions	Description of Proposed Provisions: Provisions Affecting Retirement Age

Estimates based on the intermediate assumptions of the 2005 Trustees Report

		Long-range actuarial balance	Annual balance in 75th year	Long-range actuarial balance	Annual balance in 75th year
		Change from present law		Results with this provision
	Present Law, Alternative II.			-1.92	-5.70
C1	Eliminate the hiatus in the normal retirement age (speed up the increase to age 67). graph \| table \| pdf-graph \| pdf-table	0.14	0.00	-1.78	-5.70
C2	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 68. graph \| table \| pdf-graph \| pdf-table	0.52	0.76	-1.40	-4.94
C3	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. graph \| table \| pdf-graph \| pdf-table	0.69	1.61	-1.24	-4.09
C4	Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) andthen increase the NRA 2 months per year until the NRA reaches age 68. graph \| table \| pdf-graph \| pdf-table	0.62	0.76	-1.30	-4.94
C5	Shorten the hiatus in the normal retirement age (speed up the increase to age 67). That is, increase the NRA by 2 months per year for those attaining age 62 in 2012 through 2017, five years earlier than in current law, which would increase the NRA 2 months per year for those reaching age 62 in 2017 through 2022. graph \| table \| pdf-graph \| pdf-table	0.07	0.00	-1.86	-5.70


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