C2.2 |
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.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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C2.3 |
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,
increase the earliest eligibility age (EEA) by the same amount as the NRA starting for those
age 62 in 2022 so as to maintain a 5 year difference between the two ages. Include a "hardship
exemption" with no EEA/NRA change for a worker with 25 years of earnings (with 4 quarters of
coverage each), and average indexed monthly earnings (AIME) less than 250% of the poverty level
(wage-indexed from 2010). The hardship exemption is phased out for those with AIME above 400% of
the poverty level.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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C2.4 |
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase both the
NRA and the earliest eligibility age (EEA) by 36/47 of a month per year until the NRA and EEA
reach 65 and 70 respectively. For each year, the computed EEA and NRA rounds down to the next
lower full month.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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C2.5 |
Increase the normal retirement age (NRA) 3 months per year starting for those age 62 in 2017
until the NRA reaches 70 in 2032. Thereafter, 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, increase the earliest eligibility
age (EEA) from 62 to 64 at the same time the NRA increases from 67 to 69; that is, for those
attaining age 62 in 2021 through 2028. Keep EEA at 64 thereafter.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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C2.6 |
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those
age 62 in 2020-21 to 68 and 63, respectively and then by 3 months per year in 2022-25 to
69 and 64, respectively.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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C2.7 |
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.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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C2.8 |
Starting in 2014, convert all disabled worker beneficiaries to retired worker status upon
attainment of their earliest eligibility age (EEA) rather than their normal retirement age
(NRA). After conversion, apply the early retirement reduction for retirement at EEA (currently
25% for those age 62 in 2014) phased in over 40 years.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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Above provisions
Summary measures
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