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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 271 |
2018 | 257 | 257 |
2019 | 244 | 244 |
2020 | 231 | 231 |
2021 | 218 | 219 |
2022 | 204 | 207 |
2023 | 189 | 195 |
2024 | 173 | 183 |
2025 | 158 | 170 |
2026 | 142 | 159 |
2027 | 125 | 147 |
2028 | 108 | 135 |
2029 | 90 | 122 |
2030 | 71 | 108 |
2031 | 52 | 94 |
2032 | 31 | 80 |
2033 | 11 | 64 |
2034 | -11 | 48 |
2035 | -32 | 32 |
2036 | -55 | 15 |
2037 | -78 | -2 |
2038 | -101 | -19 |
2039 | -124 | -36 |
2040 | -148 | -54 |
2041 | -172 | -71 |
2042 | -196 | -89 |
2043 | -220 | -107 |
2044 | -245 | -125 |
2045 | -269 | -142 |
2046 | -294 | -160 |
2047 | -319 | -178 |
2048 | -345 | -196 |
2049 | -371 | -214 |
2050 | -397 | -232 |
2051 | -423 | -251 |
2052 | -449 | -269 |
2053 | -476 | -287 |
2054 | -502 | -306 |
2055 | -530 | -325 |
2056 | -557 | -344 |
2057 | -585 | -363 |
2058 | -613 | -383 |
2059 | -642 | -404 |
2060 | -671 | -425 |
2061 | -701 | -446 |
2062 | -732 | -468 |
2063 | -763 | -490 |
2064 | -794 | -513 |
2065 | -826 | -536 |
2066 | -859 | -560 |
2067 | -892 | -584 |
2068 | -925 | -609 |
2069 | -959 | -634 |
2070 | -993 | -659 |
2071 | -1028 | -685 |
2072 | -1064 | -711 |
2073 | -1101 | -739 |
2074 | -1139 | -767 |
2075 | -1178 | -795 |
2076 | -1217 | -825 |
2077 | -1258 | -855 |
2078 | -1299 | -885 |
2079 | -1340 | -916 |
2080 | -1382 | -947 |
2081 | -1424 | -978 |
2082 | -1466 | -1009 |
2083 | -1508 | -1040 |
2084 | -1550 | -1071 |
2085 | -1592 | -1102 |
2086 | -1635 | -1134 |
2087 | -1678 | -1166 |
2088 | -1722 | -1199 |
back