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 |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 315 |
2015 | 302 | 302 |
2016 | 290 | 290 |
2017 | 277 | 278 |
2018 | 265 | 267 |
2019 | 253 | 256 |
2020 | 240 | 244 |
2021 | 227 | 233 |
2022 | 212 | 221 |
2023 | 197 | 208 |
2024 | 181 | 195 |
2025 | 164 | 181 |
2026 | 147 | 167 |
2027 | 129 | 152 |
2028 | 110 | 136 |
2029 | 90 | 120 |
2030 | 70 | 104 |
2031 | 49 | 87 |
2032 | 27 | 69 |
2033 | 5 | 52 |
2034 | -18 | 34 |
2035 | -41 | 15 |
2036 | -65 | -3 |
2037 | -89 | -22 |
2038 | -114 | -42 |
2039 | -138 | -61 |
2040 | -163 | -80 |
2041 | -189 | -100 |
2042 | -215 | -120 |
2043 | -240 | -140 |
2044 | -266 | -159 |
2045 | -292 | -179 |
2046 | -319 | -199 |
2047 | -346 | -219 |
2048 | -373 | -239 |
2049 | -400 | -259 |
2050 | -428 | -280 |
2051 | -456 | -300 |
2052 | -484 | -321 |
2053 | -512 | -341 |
2054 | -540 | -361 |
2055 | -569 | -382 |
2056 | -598 | -403 |
2057 | -628 | -424 |
2058 | -657 | -445 |
2059 | -688 | -467 |
2060 | -719 | -489 |
2061 | -750 | -512 |
2062 | -782 | -535 |
2063 | -814 | -558 |
2064 | -847 | -582 |
2065 | -880 | -606 |
2066 | -913 | -630 |
2067 | -946 | -654 |
2068 | -980 | -679 |
2069 | -1014 | -704 |
2070 | -1049 | -729 |
2071 | -1084 | -755 |
2072 | -1120 | -781 |
2073 | -1156 | -807 |
2074 | -1193 | -834 |
2075 | -1230 | -862 |
2076 | -1268 | -890 |
2077 | -1307 | -918 |
2078 | -1346 | -947 |
2079 | -1385 | -976 |
2080 | -1425 | -1006 |
2081 | -1465 | -1036 |
2082 | -1505 | -1066 |
2083 | -1547 | -1096 |
2084 | -1588 | -1127 |
2085 | -1631 | -1159 |
2086 | -1673 | -1191 |
2087 | -1717 | -1223 |
back