Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2017.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284285
2021272273
2022259260
2023245247
2024230233
2025214218
2026198202
2027181186
2028164169
2029145151
2030127133
2031107114
20328795
20336776
20344656
20352536
2036416
2037-18-5
2038-40-26
2039-62-47
2040-85-68
2041-108-89
2042-130-110
2043-153-131
2044-176-152
2045-200-174
2046-223-195
2047-247-217
2048-271-239
2049-295-260
2050-319-282
2051-343-304
2052-368-326
2053-393-348
2054-418-370
2055-443-393
2056-468-415
2057-494-437
2058-521-460
2059-548-484
2060-575-507
2061-602-531
2062-630-555
2063-659-579
2064-687-604
2065-716-629
2066-746-654
2067-775-679
2068-805-704
2069-835-730
2070-866-755
2071-897-782
2072-928-808
2073-960-835
2074-992-862
2075-1025-889
2076-1058-917
2077-1092-945
2078-1126-974
2079-1161-1003
2080-1196-1032
2081-1232-1062
2082-1268-1093
2083-1305-1123
2084-1342-1154
2085-1380-1186
2086-1419-1218
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