Proposed Provision: 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.
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 | 277 |
2018 | 265 | 265 |
2019 | 253 | 253 |
2020 | 240 | 242 |
2021 | 227 | 230 |
2022 | 212 | 217 |
2023 | 197 | 204 |
2024 | 181 | 191 |
2025 | 164 | 177 |
2026 | 147 | 164 |
2027 | 129 | 151 |
2028 | 110 | 137 |
2029 | 90 | 122 |
2030 | 70 | 107 |
2031 | 49 | 91 |
2032 | 27 | 74 |
2033 | 5 | 57 |
2034 | -18 | 40 |
2035 | -41 | 22 |
2036 | -65 | 4 |
2037 | -89 | -15 |
2038 | -114 | -33 |
2039 | -138 | -52 |
2040 | -163 | -71 |
2041 | -189 | -90 |
2042 | -215 | -110 |
2043 | -240 | -129 |
2044 | -266 | -148 |
2045 | -292 | -167 |
2046 | -319 | -187 |
2047 | -346 | -206 |
2048 | -373 | -226 |
2049 | -400 | -246 |
2050 | -428 | -265 |
2051 | -456 | -285 |
2052 | -484 | -305 |
2053 | -512 | -325 |
2054 | -540 | -345 |
2055 | -569 | -366 |
2056 | -598 | -386 |
2057 | -628 | -407 |
2058 | -657 | -428 |
2059 | -688 | -450 |
2060 | -719 | -471 |
2061 | -750 | -494 |
2062 | -782 | -516 |
2063 | -814 | -539 |
2064 | -847 | -563 |
2065 | -880 | -586 |
2066 | -913 | -610 |
2067 | -946 | -635 |
2068 | -980 | -659 |
2069 | -1014 | -684 |
2070 | -1049 | -709 |
2071 | -1084 | -734 |
2072 | -1120 | -760 |
2073 | -1156 | -786 |
2074 | -1193 | -813 |
2075 | -1230 | -840 |
2076 | -1268 | -868 |
2077 | -1307 | -896 |
2078 | -1346 | -925 |
2079 | -1385 | -953 |
2080 | -1425 | -983 |
2081 | -1465 | -1012 |
2082 | -1505 | -1042 |
2083 | -1547 | -1072 |
2084 | -1588 | -1103 |
2085 | -1631 | -1134 |
2086 | -1673 | -1166 |
2087 | -1717 | -1198 |
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