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Detailed Single Year Tables
Retirement Age

Description of Proposed Provision:
Index benefits to longevity after the normal retirement age (NRA) reaches age 67 under current law. Under current law, the NRA reaches 67 for individuals who attain age 62 in 2022 and later. Under this provision, the NRA would be further increased by one month for those attaining age 62 in every other year after 2022.

 

Financial Estimates for the OASDI Trust Fund Program
 
  Proposal
   Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

 Trust fund
ratio as of
January 1		 Expressed as a percentage of
present-law taxable payroll
Calendar
year		 Cost
rate		 Income
rate		 Annual
balance
Cost
rate		 Income
rate		 Annual
balance
201013.0912.33-0.76
355
0.000.000.00
201113.0412.91-0.12
353
0.000.000.00
201212.8412.870.03
350
0.000.000.00
201312.8212.900.08
346
0.000.000.00
201412.8612.920.06
341
0.000.000.00
201512.9812.94-0.04
335
0.000.000.00
201613.1012.96-0.14
330
0.000.000.00
201713.3012.99-0.32
324
0.000.000.00
201813.5513.01-0.53
317
0.000.000.00
201913.8413.03-0.81
309
0.000.000.00
202014.1513.05-1.10
299
0.000.000.00
202114.4513.07-1.39
289
0.000.000.00
202214.7513.08-1.66
277
0.000.000.00
202315.0213.10-1.92
265
0.000.000.00
202415.2813.12-2.16
251
-0.010.000.01
202515.5313.13-2.39
237
-0.010.000.01
202615.7513.15-2.60
222
-0.010.000.01
202715.9413.16-2.78
206
-0.020.000.02
202816.1013.17-2.93
189
-0.030.000.03
202916.2513.18-3.06
172
-0.040.000.04
203016.3613.19-3.16
155
-0.050.000.05
203116.4413.20-3.24
137
-0.060.000.06
203216.5113.21-3.31
119
-0.080.000.08
203316.5613.21-3.35
100
-0.100.000.09
203416.5913.22-3.37
82
-0.110.000.11
203516.6013.22-3.38
63
-0.130.000.13
203616.5913.22-3.36
44
-0.150.000.15
203716.5613.22-3.34
24
-0.17-0.010.17
203816.5213.22-3.30
5
-0.19-0.010.19
203916.4613.22-3.24
----
-0.22-0.010.21
204016.4113.22-3.18
----
-0.24-0.010.23
204116.3413.22-3.12
----
-0.26-0.010.25
204216.2713.22-3.05
----
-0.28-0.010.27
204316.2113.22-2.99
----
-0.31-0.010.29
204416.1513.21-2.93
----
-0.33-0.010.32
204516.0913.21-2.88
----
-0.35-0.010.34
204616.0413.21-2.83
----
-0.38-0.010.36
204716.0013.21-2.79
----
-0.40-0.020.39
204815.9513.21-2.74
----
-0.43-0.020.41
204915.9013.21-2.69
----
-0.46-0.020.44
205015.8513.21-2.64
----
-0.49-0.020.47
205115.8013.21-2.60
----
-0.52-0.020.50
205215.7713.20-2.57
----
-0.55-0.020.53
205315.7513.20-2.54
----
-0.58-0.020.56
205415.7313.21-2.53
----
-0.61-0.020.59
205515.7313.21-2.52
----
-0.64-0.030.61
205615.7313.21-2.52
----
-0.67-0.030.64
205715.7213.21-2.52
----
-0.69-0.030.66
205815.7213.21-2.51
----
-0.72-0.030.69
205915.7113.21-2.50
----
-0.75-0.030.72
206015.7113.21-2.50
----
-0.77-0.030.74
206115.7013.21-2.49
----
-0.80-0.030.77
206215.7013.21-2.49
----
-0.83-0.040.80
206315.6913.21-2.48
----
-0.86-0.040.83
206415.6913.21-2.48
----
-0.89-0.040.86
206515.6913.21-2.48
----
-0.92-0.040.88
206615.7013.22-2.49
----
-0.95-0.040.91
206715.7113.22-2.50
----
-0.97-0.040.93
206815.7213.22-2.50
----
-1.00-0.040.96
206915.7313.22-2.51
----
-1.03-0.040.99
207015.7413.22-2.52
----
-1.07-0.051.02
207115.7513.22-2.53
----
-1.10-0.051.05
207215.7613.22-2.53
----
-1.14-0.051.09
207315.7713.22-2.54
----
-1.17-0.051.12
207415.7813.23-2.55
----
-1.21-0.051.15
207515.7913.23-2.56
----
-1.24-0.051.19
207615.8013.23-2.57
----
-1.27-0.061.22
207715.8213.23-2.59
----
-1.30-0.061.24
207815.8313.23-2.60
----
-1.33-0.061.27
207915.8413.23-2.61
----
-1.37-0.061.31
208015.8413.23-2.61
----
-1.41-0.061.35
208115.8413.24-2.61
----
-1.45-0.061.39
208215.8313.24-2.60
----
-1.51-0.061.44
208315.8313.24-2.59
----
-1.55-0.071.48
208415.8413.24-2.60
----
-1.59-0.071.52
208515.8513.24-2.61
----
-1.61-0.071.54



 

Summarized Estimates
 
  Proposal
   Change from Present Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of
exhaustion1
Cost
rate		 Income
rate		 Actuarial
balance
 
Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084 15.50% 13.99% -1.51%
2038
-0.42% -0.02% 0.41%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 17, 2011