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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 272 |
2018 | 257 | 259 |
2019 | 244 | 247 |
2020 | 231 | 235 |
2021 | 218 | 223 |
2022 | 204 | 211 |
2023 | 189 | 199 |
2024 | 173 | 186 |
2025 | 158 | 174 |
2026 | 142 | 161 |
2027 | 125 | 147 |
2028 | 108 | 134 |
2029 | 90 | 120 |
2030 | 71 | 105 |
2031 | 52 | 90 |
2032 | 31 | 74 |
2033 | 11 | 58 |
2034 | -11 | 42 |
2035 | -32 | 25 |
2036 | -55 | 8 |
2037 | -78 | -10 |
2038 | -101 | -28 |
2039 | -124 | -46 |
2040 | -148 | -64 |
2041 | -172 | -82 |
2042 | -196 | -100 |
2043 | -220 | -118 |
2044 | -245 | -137 |
2045 | -269 | -155 |
2046 | -294 | -173 |
2047 | -319 | -191 |
2048 | -345 | -210 |
2049 | -371 | -229 |
2050 | -397 | -247 |
2051 | -423 | -266 |
2052 | -449 | -285 |
2053 | -476 | -304 |
2054 | -502 | -323 |
2055 | -530 | -342 |
2056 | -557 | -361 |
2057 | -585 | -381 |
2058 | -613 | -401 |
2059 | -642 | -422 |
2060 | -671 | -443 |
2061 | -701 | -465 |
2062 | -732 | -487 |
2063 | -763 | -509 |
2064 | -794 | -532 |
2065 | -826 | -556 |
2066 | -859 | -580 |
2067 | -892 | -604 |
2068 | -925 | -629 |
2069 | -959 | -654 |
2070 | -993 | -680 |
2071 | -1028 | -706 |
2072 | -1064 | -732 |
2073 | -1101 | -760 |
2074 | -1139 | -788 |
2075 | -1178 | -817 |
2076 | -1217 | -847 |
2077 | -1258 | -877 |
2078 | -1299 | -908 |
2079 | -1340 | -939 |
2080 | -1382 | -970 |
2081 | -1424 | -1001 |
2082 | -1466 | -1033 |
2083 | -1508 | -1064 |
2084 | -1550 | -1095 |
2085 | -1592 | -1127 |
2086 | -1635 | -1159 |
2087 | -1678 | -1191 |
2088 | -1722 | -1224 |
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