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Detailed Single Year Tables
Retirement Age

Description of Proposed Provision:
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).

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
201613.1812.96-0.22 354
201713.4912.98-0.51 347
201813.8213.00-0.82 338
201914.1613.02-1.14 327
202014.4913.04-1.44 315
202114.7913.06-1.73 303
202215.0813.08-2.00 289
202315.3413.10-2.25 275
202415.5913.11-2.48 261
202515.8213.13-2.69 245
202616.0313.14-2.89 229
202716.2313.16-3.07 211
202816.4013.17-3.23 194
202916.5413.19-3.36 175
203016.6713.20-3.47 156
203116.7613.21-3.55 137
203216.8313.22-3.61 118
203316.8813.22-3.66 98
203416.9013.23-3.68 77
203516.9113.23-3.68 57
203616.9113.24-3.67 36
203716.8913.24-3.65 15
203816.8413.24-3.60 ----
203916.7813.24-3.54 ----
204016.7113.24-3.47 ----
204116.6313.24-3.39 ----
204216.5513.24-3.32 ----
204316.4813.24-3.24 ----
204416.4113.23-3.17 ----
204516.3413.23-3.11 ----
204616.2813.23-3.05 ----
204716.2313.23-3.00 ----
204816.1713.23-2.94 ----
204916.1113.23-2.88 ----
205016.0613.23-2.83 ----
205116.0113.23-2.79 ----
205215.9713.23-2.75 ----
205315.9413.23-2.72 ----
205415.9213.23-2.69 ----
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 May 14, 2010