Proposed Provision: 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.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Present Law |
Provision |
Present Law |
Provision |
| 2012 | 12.9 | 12.9 | 13.8 | 13.8 |
| 2013 | 12.8 | 12.8 | 14.0 | 14.0 |
| 2014 | 12.9 | 12.9 | 14.0 | 14.0 |
| 2015 | 13.0 | 13.0 | 14.0 | 14.0 |
| 2016 | 13.0 | 13.0 | 13.9 | 13.9 |
| 2017 | 13.0 | 13.0 | 13.9 | 13.9 |
| 2018 | 13.0 | 13.0 | 14.0 | 14.0 |
| 2019 | 13.1 | 13.1 | 14.1 | 14.1 |
| 2020 | 13.1 | 13.1 | 14.4 | 14.4 |
| 2021 | 13.1 | 13.1 | 14.7 | 14.7 |
| 2022 | 13.1 | 13.1 | 15.0 | 15.0 |
| 2023 | 13.1 | 13.1 | 15.3 | 15.3 |
| 2024 | 13.2 | 13.2 | 15.6 | 15.6 |
| 2025 | 13.2 | 13.2 | 15.9 | 15.8 |
| 2026 | 13.2 | 13.2 | 16.2 | 16.1 |
| 2027 | 13.2 | 13.2 | 16.4 | 16.3 |
| 2028 | 13.2 | 13.2 | 16.6 | 16.6 |
| 2029 | 13.2 | 13.2 | 16.8 | 16.7 |
| 2030 | 13.2 | 13.3 | 17.0 | 16.9 |
| 2031 | 13.3 | 13.3 | 17.1 | 17.0 |
| 2032 | 13.3 | 13.3 | 17.2 | 17.1 |
| 2033 | 13.3 | 13.3 | 17.3 | 17.1 |
| 2034 | 13.3 | 13.3 | 17.4 | 17.2 |
| 2035 | 13.3 | 13.3 | 17.4 | 17.2 |
| 2036 | 13.3 | 13.3 | 17.4 | 17.2 |
| 2037 | 13.3 | 13.3 | 17.4 | 17.1 |
| 2038 | 13.3 | 13.3 | 17.4 | 17.1 |
| 2039 | 13.3 | 13.3 | 17.4 | 17.0 |
| 2040 | 13.3 | 13.3 | 17.4 | 16.9 |
| 2041 | 13.3 | 13.3 | 17.3 | 16.9 |
| 2042 | 13.3 | 13.3 | 17.3 | 16.8 |
| 2043 | 13.3 | 13.3 | 17.2 | 16.7 |
| 2044 | 13.3 | 13.3 | 17.2 | 16.7 |
| 2045 | 13.3 | 13.3 | 17.2 | 16.6 |
| 2046 | 13.3 | 13.3 | 17.2 | 16.5 |
| 2047 | 13.3 | 13.3 | 17.1 | 16.5 |
| 2048 | 13.3 | 13.3 | 17.1 | 16.4 |
| 2049 | 13.3 | 13.3 | 17.1 | 16.3 |
| 2050 | 13.3 | 13.3 | 17.1 | 16.3 |
| 2051 | 13.3 | 13.3 | 17.1 | 16.2 |
| 2052 | 13.3 | 13.3 | 17.1 | 16.2 |
| 2053 | 13.3 | 13.3 | 17.1 | 16.1 |
| 2054 | 13.3 | 13.3 | 17.1 | 16.1 |
| 2055 | 13.3 | 13.3 | 17.1 | 16.1 |
| 2056 | 13.3 | 13.3 | 17.1 | 16.1 |
| 2057 | 13.3 | 13.3 | 17.1 | 16.1 |
| 2058 | 13.3 | 13.3 | 17.1 | 16.0 |
| 2059 | 13.3 | 13.3 | 17.1 | 16.0 |
| 2060 | 13.3 | 13.3 | 17.2 | 16.0 |
| 2061 | 13.3 | 13.3 | 17.2 | 16.0 |
| 2062 | 13.3 | 13.3 | 17.2 | 15.9 |
| 2063 | 13.3 | 13.3 | 17.2 | 15.9 |
| 2064 | 13.3 | 13.3 | 17.2 | 15.9 |
| 2065 | 13.3 | 13.3 | 17.2 | 15.9 |
| 2066 | 13.3 | 13.3 | 17.2 | 15.8 |
| 2067 | 13.3 | 13.3 | 17.2 | 15.8 |
| 2068 | 13.3 | 13.3 | 17.3 | 15.8 |
| 2069 | 13.3 | 13.3 | 17.3 | 15.8 |
| 2070 | 13.3 | 13.3 | 17.3 | 15.8 |
| 2071 | 13.3 | 13.3 | 17.4 | 15.8 |
| 2072 | 13.3 | 13.3 | 17.4 | 15.8 |
| 2073 | 13.3 | 13.3 | 17.4 | 15.8 |
| 2074 | 13.3 | 13.3 | 17.4 | 15.8 |
| 2075 | 13.3 | 13.3 | 17.5 | 15.8 |
| 2076 | 13.3 | 13.3 | 17.5 | 15.8 |
| 2077 | 13.3 | 13.3 | 17.5 | 15.7 |
| 2078 | 13.3 | 13.3 | 17.5 | 15.7 |
| 2079 | 13.3 | 13.3 | 17.6 | 15.7 |
| 2080 | 13.3 | 13.3 | 17.6 | 15.7 |
| 2081 | 13.3 | 13.3 | 17.6 | 15.7 |
| 2082 | 13.3 | 13.3 | 17.7 | 15.7 |
| 2083 | 13.3 | 13.3 | 17.7 | 15.7 |
| 2084 | 13.3 | 13.3 | 17.8 | 15.8 |
| 2085 | 13.3 | 13.3 | 17.8 | 15.8 |
| 2086 | 13.3 | 13.3 | 17.8 | 15.8 |
| 2087 | 13.3 | 13.3 | 17.9 | 15.8 |
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