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Detailed Single Year Tables
Retirement Age

Description of 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).

Financial Estimates for the OASDI Trust Fund Program
  Percentage of taxable payroll
Trust fund
ratio as of
January 1
Calendar
year		 Cost
rate		 Income
rate		 Annual
balance		  
200912.3512.830.48 354
201012.5012.870.37 360
201112.3712.870.50 366
201212.2412.870.63 369
201312.3812.900.52 367
201412.6212.920.30 364
201512.8812.940.06 359
201613.1712.96-0.21 354
201713.4812.99-0.49 347
201813.8113.00-0.82 338
201914.1513.02-1.13 328
202014.4813.04-1.43 316
202114.7813.06-1.72 303
202215.0613.08-1.98 290
202315.3313.10-2.23 276
202415.5813.11-2.46 261
202515.8113.13-2.68 246
202616.0213.14-2.88 229
202716.2213.16-3.06 212
202816.3913.17-3.22 195
202916.5413.19-3.35 176
203016.6613.20-3.46 158
203116.7513.21-3.55 138
203216.8213.21-3.61 119
203316.8713.22-3.65 99
203416.9013.23-3.67 79
203516.9013.23-3.67 58
203616.9013.24-3.67 38
203716.8813.24-3.64 17
203816.8413.24-3.60 ----
203916.7713.24-3.53 ----
204016.7013.24-3.46 ----
204116.6213.24-3.39 ----
204216.5513.24-3.31 ----
204316.4713.24-3.24 ----
204416.4013.23-3.17 ----
204516.3413.23-3.10 ----
204616.2813.23-3.05 ----
204716.2213.23-2.99 ----
204816.1613.23-2.93 ----
204916.1013.23-2.88 ----
205016.0613.23-2.83 ----
205116.0113.23-2.78 ----
205215.9713.23-2.74 ----
205315.9413.23-2.71 ----
205415.9113.23-2.69 ----
205515.9013.23-2.67 ----
205615.8913.23-2.66 ----
205715.8813.23-2.65 ----
205815.8713.23-2.64 ----
205915.8713.23-2.63 ----
206015.8613.24-2.62 ----
206115.8613.24-2.63 ----
206215.8613.24-2.62 ----
206315.8613.24-2.62 ----
206415.8513.24-2.61 ----
206515.8413.24-2.60 ----
206615.8213.24-2.58 ----
206715.8213.24-2.57 ----
206815.8213.24-2.58 ----
206915.8413.25-2.60 ----
207015.8813.25-2.63 ----
207115.9113.25-2.66 ----
207215.9513.25-2.69 ----
207315.9813.26-2.73 ----
207416.0213.26-2.76 ----
207516.0613.26-2.80 ----
207616.1013.26-2.84 ----
207716.1413.27-2.87 ----
207816.1813.27-2.91 ----
207916.2213.27-2.95 ----
208016.2713.27-2.99 ----
208116.3113.28-3.03 ----
208216.3513.28-3.07 ----
208316.3913.28-3.11 ----
208416.4313.29-3.14 ----


Summarized Rates
Years Cost
rate		 Income
rate		 Actuarial
balance
Change in
actuarial
balance
 
Estimates based on the Intermediate Assumptions of the 2009 Trustees Report
2009-2083 15.59% 14.00% -1.59%
0.41%

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Last reviewed or modified November 16, 2009