Proposed Provision: Increase the normal retirement age (NRA) from 66 to 67 one year earlier than current law, starting for those reaching age 62 in 2016 and ending for those reaching age 62 in 2021. Then, after 2021, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20).
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| | |
| 2008 | 359 | 359 |
| 2009 | 369 | 369 |
| 2010 | 378 | 378 |
| 2011 | 386 | 386 |
| 2012 | 392 | 392 |
| 2013 | 394 | 394 |
| 2014 | 395 | 395 |
| 2015 | 393 | 393 |
| 2016 | 390 | 390 |
| 2017 | 385 | 385 |
| 2018 | 378 | 379 |
| 2019 | 371 | 372 |
| 2020 | 361 | 363 |
| 2021 | 351 | 353 |
| 2022 | 341 | 342 |
| 2023 | 329 | 331 |
| 2024 | 316 | 318 |
| 2025 | 302 | 304 |
| 2026 | 287 | 290 |
| 2027 | 272 | 275 |
| 2028 | 256 | 259 |
| 2029 | 239 | 242 |
| 2030 | 221 | 225 |
| 2031 | 203 | 207 |
| 2032 | 185 | 190 |
| 2033 | 166 | 171 |
| 2034 | 147 | 153 |
| 2035 | 127 | 134 |
| 2036 | 108 | 116 |
| 2037 | 88 | 97 |
| 2038 | 67 | 78 |
| 2039 | 47 | 58 |
| 2040 | 26 | 39 |
| 2041 | 6 | 20 |
| 2042 | -15 | 1 |
| 2043 | -36 | -19 |
| 2044 | -57 | -38 |
| 2045 | -78 | -58 |
| 2046 | -100 | -77 |
| 2047 | -121 | -96 |
| 2048 | -143 | -116 |
| 2049 | -165 | -136 |
| 2050 | -187 | -155 |
| 2051 | -209 | -175 |
| 2052 | -232 | -195 |
| 2053 | -254 | -215 |
| 2054 | -277 | -235 |
| 2055 | -300 | -255 |
| 2056 | -324 | -275 |
| 2057 | -347 | -295 |
| 2058 | -372 | -315 |
| 2059 | -396 | -336 |
| 2060 | -421 | -357 |
| 2061 | -447 | -378 |
| 2062 | -472 | -400 |
| 2063 | -498 | -422 |
| 2064 | -525 | -444 |
| 2065 | -552 | -466 |
| 2066 | -579 | -489 |
| 2067 | -607 | -512 |
| 2068 | -635 | -535 |
| 2069 | -664 | -558 |
| 2070 | -693 | -581 |
| 2071 | -722 | -603 |
| 2072 | -752 | -626 |
| 2073 | -782 | -649 |
| 2074 | -813 | -673 |
| 2075 | -845 | -698 |
| 2076 | -876 | -723 |
| 2077 | -909 | -748 |
| 2078 | -942 | -774 |
| 2079 | -975 | -801 |
| 2080 | -1009 | -828 |
| 2081 | -1044 | -856 |
| 2082 | -1079 | -884 |
| 2083 | -1114 | -912 |
| 2084 | -1151 | -941 |
| 2085 | -1188 | -971 |
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