Proposed Provision: For those attaining age 62 in 2020 and 2021, increase the earliest eligibility age (EEA) to 63 and increase the normal retirement age (NRA) to 68. Then, increase the EEA and NRA by 3 months per year starting with those reaching age 62 in 2022 and stopping with those reaching age 62 in 2025. The EEA would then remain at 64 and the NRA at 69 for workers and spouses attaining 62 in 2025 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2010 | 355 | 355 |
| 2011 | 353 | 353 |
| 2012 | 350 | 350 |
| 2013 | 346 | 346 |
| 2014 | 341 | 341 |
| 2015 | 335 | 335 |
| 2016 | 330 | 330 |
| 2017 | 324 | 324 |
| 2018 | 317 | 317 |
| 2019 | 309 | 309 |
| 2020 | 299 | 300 |
| 2021 | 289 | 291 |
| 2022 | 277 | 281 |
| 2023 | 264 | 270 |
| 2024 | 251 | 259 |
| 2025 | 237 | 248 |
| 2026 | 221 | 237 |
| 2027 | 205 | 225 |
| 2028 | 189 | 214 |
| 2029 | 171 | 201 |
| 2030 | 154 | 189 |
| 2031 | 136 | 176 |
| 2032 | 117 | 162 |
| 2033 | 98 | 149 |
| 2034 | 79 | 135 |
| 2035 | 59 | 121 |
| 2036 | 39 | 107 |
| 2037 | 19 | 92 |
| 2038 | -1 | 78 |
| 2039 | -21 | 64 |
| 2040 | -42 | 50 |
| 2041 | -63 | 36 |
| 2042 | -84 | 22 |
| 2043 | -105 | 8 |
| 2044 | -126 | -5 |
| 2045 | -147 | -19 |
| 2046 | -168 | -32 |
| 2047 | -189 | -46 |
| 2048 | -211 | -60 |
| 2049 | -233 | -73 |
| 2050 | -255 | -87 |
| 2051 | -277 | -101 |
| 2052 | -299 | -114 |
| 2053 | -321 | -128 |
| 2054 | -344 | -142 |
| 2055 | -366 | -156 |
| 2056 | -389 | -170 |
| 2057 | -412 | -184 |
| 2058 | -436 | -199 |
| 2059 | -460 | -214 |
| 2060 | -485 | -229 |
| 2061 | -509 | -245 |
| 2062 | -534 | -260 |
| 2063 | -560 | -277 |
| 2064 | -586 | -293 |
| 2065 | -612 | -310 |
| 2066 | -638 | -327 |
| 2067 | -665 | -345 |
| 2068 | -692 | -362 |
| 2069 | -720 | -380 |
| 2070 | -748 | -399 |
| 2071 | -776 | -418 |
| 2072 | -805 | -437 |
| 2073 | -834 | -457 |
| 2074 | -864 | -476 |
| 2075 | -894 | -497 |
| 2076 | -925 | -517 |
| 2077 | -957 | -539 |
| 2078 | -989 | -560 |
| 2079 | -1021 | -582 |
| 2080 | -1054 | -605 |
| 2081 | -1087 | -628 |
| 2082 | -1121 | -651 |
| 2083 | -1156 | -675 |
| 2084 | -1191 | -699 |
| 2085 | -1227 | -724 |
back