Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 341 |
2014 | 334 | 334 |
2015 | 328 | 328 |
2016 | 321 | 321 |
2017 | 314 | 314 |
2018 | 306 | 307 |
2019 | 296 | 299 |
2020 | 284 | 289 |
2021 | 272 | 279 |
2022 | 259 | 268 |
2023 | 245 | 257 |
2024 | 230 | 245 |
2025 | 214 | 233 |
2026 | 198 | 220 |
2027 | 181 | 207 |
2028 | 164 | 192 |
2029 | 145 | 178 |
2030 | 127 | 163 |
2031 | 107 | 148 |
2032 | 87 | 133 |
2033 | 67 | 118 |
2034 | 46 | 102 |
2035 | 25 | 86 |
2036 | 4 | 70 |
2037 | -18 | 54 |
2038 | -40 | 38 |
2039 | -62 | 21 |
2040 | -85 | 5 |
2041 | -108 | -12 |
2042 | -130 | -28 |
2043 | -153 | -44 |
2044 | -176 | -61 |
2045 | -200 | -77 |
2046 | -223 | -93 |
2047 | -247 | -110 |
2048 | -271 | -126 |
2049 | -295 | -142 |
2050 | -319 | -159 |
2051 | -343 | -175 |
2052 | -368 | -192 |
2053 | -393 | -208 |
2054 | -418 | -225 |
2055 | -443 | -242 |
2056 | -468 | -259 |
2057 | -494 | -276 |
2058 | -521 | -293 |
2059 | -548 | -311 |
2060 | -575 | -329 |
2061 | -602 | -348 |
2062 | -630 | -366 |
2063 | -659 | -385 |
2064 | -687 | -405 |
2065 | -716 | -424 |
2066 | -746 | -444 |
2067 | -775 | -464 |
2068 | -805 | -484 |
2069 | -835 | -504 |
2070 | -866 | -525 |
2071 | -897 | -547 |
2072 | -928 | -568 |
2073 | -960 | -590 |
2074 | -992 | -612 |
2075 | -1025 | -635 |
2076 | -1058 | -658 |
2077 | -1092 | -681 |
2078 | -1126 | -705 |
2079 | -1161 | -729 |
2080 | -1196 | -754 |
2081 | -1232 | -779 |
2082 | -1268 | -805 |
2083 | -1305 | -831 |
2084 | -1342 | -857 |
2085 | -1380 | -884 |
2086 | -1419 | -911 |
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