Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2011, 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 352 |
2013 | 346 | 348 |
2014 | 341 | 344 |
2015 | 335 | 340 |
2016 | 330 | 335 |
2017 | 324 | 331 |
2018 | 317 | 326 |
2019 | 309 | 319 |
2020 | 299 | 312 |
2021 | 289 | 303 |
2022 | 277 | 293 |
2023 | 264 | 282 |
2024 | 251 | 269 |
2025 | 237 | 256 |
2026 | 221 | 242 |
2027 | 205 | 228 |
2028 | 189 | 212 |
2029 | 171 | 197 |
2030 | 154 | 181 |
2031 | 136 | 164 |
2032 | 117 | 147 |
2033 | 98 | 130 |
2034 | 79 | 113 |
2035 | 59 | 96 |
2036 | 39 | 78 |
2037 | 19 | 60 |
2038 | -1 | 43 |
2039 | -21 | 25 |
2040 | -42 | 7 |
2041 | -63 | -11 |
2042 | -84 | -29 |
2043 | -105 | -46 |
2044 | -126 | -64 |
2045 | -147 | -82 |
2046 | -168 | -100 |
2047 | -189 | -117 |
2048 | -211 | -135 |
2049 | -233 | -153 |
2050 | -255 | -171 |
2051 | -277 | -189 |
2052 | -299 | -207 |
2053 | -321 | -226 |
2054 | -344 | -244 |
2055 | -366 | -262 |
2056 | -389 | -281 |
2057 | -412 | -300 |
2058 | -436 | -319 |
2059 | -460 | -338 |
2060 | -485 | -358 |
2061 | -509 | -378 |
2062 | -534 | -399 |
2063 | -560 | -419 |
2064 | -586 | -440 |
2065 | -612 | -462 |
2066 | -638 | -483 |
2067 | -665 | -505 |
2068 | -692 | -527 |
2069 | -720 | -549 |
2070 | -748 | -572 |
2071 | -776 | -596 |
2072 | -805 | -619 |
2073 | -834 | -643 |
2074 | -864 | -668 |
2075 | -894 | -693 |
2076 | -925 | -718 |
2077 | -957 | -744 |
2078 | -989 | -771 |
2079 | -1021 | -797 |
2080 | -1054 | -825 |
2081 | -1087 | -853 |
2082 | -1121 | -881 |
2083 | -1156 | -910 |
2084 | -1191 | -939 |
2085 | -1227 | -969 |
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