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 |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 351 |
2013 | 346 | 347 |
2014 | 341 | 342 |
2015 | 335 | 338 |
2016 | 330 | 333 |
2017 | 324 | 328 |
2018 | 317 | 322 |
2019 | 309 | 316 |
2020 | 299 | 307 |
2021 | 289 | 298 |
2022 | 277 | 288 |
2023 | 264 | 276 |
2024 | 251 | 264 |
2025 | 237 | 250 |
2026 | 221 | 236 |
2027 | 205 | 220 |
2028 | 189 | 204 |
2029 | 171 | 188 |
2030 | 154 | 170 |
2031 | 136 | 153 |
2032 | 117 | 135 |
2033 | 98 | 116 |
2034 | 79 | 98 |
2035 | 59 | 79 |
2036 | 39 | 60 |
2037 | 19 | 40 |
2038 | -1 | 20 |
2039 | -21 | 1 |
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