Proposed Provision: 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.

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

Year Present Law Provision
2010355355
2011353353
2012350351
2013346347
2014341342
2015335338
2016330333
2017324328
2018317322
2019309316
2020299307
2021289298
2022277288
2023264276
2024251264
2025237250
2026221236
2027205220
2028189204
2029171188
2030154170
2031136153
2032117135
203398116
20347998
20355979
20363960
20371940
2038-120
2039-211
2040-42-19
2041-63-39
2042-84-60
2043-105-80
2044-126-100
2045-147-121
2046-168-141
2047-189-162
2048-211-183
2049-233-205
2050-255-226
2051-277-248
2052-299-269
2053-321-291
2054-344-313
2055-366-335
2056-389-358
2057-412-381
2058-436-404
2059-460-428
2060-485-452
2061-509-476
2062-534-501
2063-560-526
2064-586-551
2065-612-577
2066-638-603
2067-665-630
2068-692-656
2069-720-684
2070-748-711
2071-776-739
2072-805-768
2073-834-797
2074-864-826
2075-894-856
2076-925-886
2077-957-917
2078-989-949
2079-1021-981
2080-1054-1013
2081-1087-1046
2082-1121-1080
2083-1156-1114
2084-1191-1149
2085-1227-1184
back