Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284284
2021272272
2022259259
2023245245
2024230231
2025214216
2026198201
2027181186
2028164169
2029145152
2030127135
2031107117
203287100
20336782
20344664
20352546
2036428
2037-1810
2038-40-8
2039-62-26
2040-85-44
2041-108-61
2042-130-79
2043-153-96
2044-176-113
2045-200-131
2046-223-148
2047-247-165
2048-271-181
2049-295-198
2050-319-215
2051-343-231
2052-368-248
2053-393-264
2054-418-280
2055-443-296
2056-468-313
2057-494-329
2058-521-345
2059-548-362
2060-575-378
2061-602-394
2062-630-411
2063-659-427
2064-687-444
2065-716-461
2066-746-477
2067-775-494
2068-805-512
2069-835-529
2070-866-547
2071-897-566
2072-928-585
2073-960-604
2074-992-623
2075-1025-643
2076-1058-663
2077-1092-683
2078-1126-704
2079-1161-725
2080-1196-747
2081-1232-769
2082-1268-791
2083-1305-814
2084-1342-837
2085-1380-861
2086-1419-886
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