Number |
Table and graph selection |
C1.1 |
Shorten the hiatus in the normal retirement age (start increasing
to age 67 for those age 62 in 2010, rather than those age 62 in 2017).
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
C1.2 |
Shorten the hiatus in the normal retirement age (start increasing
to age 67 for those age 62 in 2010, rather than those age 62 in 2017)
and then index the normal retirement age
(by 1 month every 2 years) until the NRA reaches age 68.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
C1.3 |
Shorten the hiatus in the normal retirement age (start increasing
to age 67 for those age 62 in 2010, rather than those age 62 in 2017)
and then index the normal retirement age (by 1 month
every 2 years) until the NRA reaches age 70.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
C1.4 |
Shorten the hiatus in the normal retirement age (start increasing
to age 67 for those age 62 in 2010, rather than those age 62 in 2017)
and then increase the NRA 2 months per year until
the NRA reaches age 68.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the provision
(effective dates may be different)
|
C1.5 |
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.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the provision
(effective dates may be different)
|
C1.6 |
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).
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the provision
(effective dates may be different)
|
C1.7 |
Index benefits to longevity after the normal retirement age (NRA)
reaches age 67 under current law. Under current law, the NRA
reaches 67 for individuals who attain age 62 in 2022 and later.
Under this provision, the NRA would be further increased by
one month for those attaining age 62 in every other year after 2022.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
C1.8 |
Increase the normal retirement age (NRA) for those reaching age 62
in 2018 and later. For those reaching age 62 in 2018, the NRA would
be 66 years, 6 months. The NRA would increase 2 months per year for
those reaching age 62 in 2019, 2020, and 2021, reaching an NRA of 67
for those turning 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).
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
C2.1 |
Gradually raise the earliest eligibility age (EEA)
for Social Security retirement benefits
from 62 to 65. The EEA would be increased by 2 months for
individuals reaching age 62 in every year, starting in 2011.
The EEA of 65 would apply for those reaching age 62 in 2028
and later (those reaching age 65 in 2031 and later). As under
current law, the PIA formula applicable for any individual
would depend on the year in which eligibility age is attained.
It should be noted that the elimination of retirement
eligibility between ages 62 and 65 would increase the number
of individuals who would apply for disabled worker benefits
at those ages.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
C2.2 |
Shorten the hiatus in the NRA by 5 years, that is, start increasing
the NRA from 66 to 67 for individuals age 62 in 2012, rather than
in 2017. Beginning for those age 62 in 2012, increase the EEA and
NRA for retired worker benefits by 2 months per year until the EEA
reaches age 63 and the NRA reaches age 67 for those attaining age 62
in 2017. Thereafter, increase both EEA and NRA by 1 month every 2
years. Finally, increase the earliest eligibility age for disabled
widow(er)s and aged widow(er)s at the same rate as the increase in
the EEA for retired worker benefits.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different) (Warshawsky)
Memorandum containing the
provision (NRC/NAPA)
|
C2.3 |
Starting in 2012, convert all disabled worker beneficiaries to
retired worker status upon attainment of their EEA (rather than
their NRA). After conversion, apply the early retirement reduction
for retirement at EEA (currently 25%) times the ratio of years after
2011 (or years after attaining age 21, if later) and before
attaining age 62, to 40. Medicare eligibility would be extended
to age 65 on the basis of disability. After 2011, disability
applications would not be accepted for benefit entitlement that
would start at ages over EEA.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing the
provision (effective dates may be different)
|
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Above provisions
Summary measures
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