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 increase the NRA 2 months per year until the NRA reaches age 68.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350351
2013346347
2014341343
2015335339
2016330334
2017324329
2018317323
2019309317
2020299310
2021289303
2022277295
2023264285
2024251275
2025237264
2026221251
2027205238
2028189225
2029171211
2030154196
2031136181
2032117166
203398151
203479135
203559119
203639103
20371987
2038-171
2039-2155
2040-4238
2041-6322
2042-846
2043-105-10
2044-126-26
2045-147-43
2046-168-59
2047-189-75
2048-211-92
2049-233-108
2050-255-125
2051-277-142
2052-299-159
2053-321-176
2054-344-193
2055-366-210
2056-389-228
2057-412-246
2058-436-264
2059-460-282
2060-485-301
2061-509-320
2062-534-340
2063-560-360
2064-586-380
2065-612-400
2066-638-421
2067-665-442
2068-692-464
2069-720-485
2070-748-507
2071-776-530
2072-805-553
2073-834-576
2074-864-600
2075-894-624
2076-925-649
2077-957-674
2078-989-700
2079-1021-726
2080-1054-753
2081-1087-780
2082-1121-807
2083-1156-835
2084-1191-864
2085-1227-893
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