Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2017.
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 | 258 |
2019 | 244 | 245 |
2020 | 231 | 232 |
2021 | 218 | 219 |
2022 | 204 | 206 |
2023 | 189 | 192 |
2024 | 173 | 177 |
2025 | 158 | 162 |
2026 | 142 | 146 |
2027 | 125 | 130 |
2028 | 108 | 114 |
2029 | 90 | 97 |
2030 | 71 | 79 |
2031 | 52 | 60 |
2032 | 31 | 41 |
2033 | 11 | 21 |
2034 | -11 | 1 |
2035 | -32 | -20 |
2036 | -55 | -41 |
2037 | -78 | -63 |
2038 | -101 | -84 |
2039 | -124 | -106 |
2040 | -148 | -129 |
2041 | -172 | -151 |
2042 | -196 | -174 |
2043 | -220 | -196 |
2044 | -245 | -219 |
2045 | -269 | -242 |
2046 | -294 | -265 |
2047 | -319 | -288 |
2048 | -345 | -311 |
2049 | -371 | -335 |
2050 | -397 | -358 |
2051 | -423 | -382 |
2052 | -449 | -406 |
2053 | -476 | -429 |
2054 | -502 | -453 |
2055 | -530 | -477 |
2056 | -557 | -501 |
2057 | -585 | -526 |
2058 | -613 | -551 |
2059 | -642 | -576 |
2060 | -671 | -602 |
2061 | -701 | -628 |
2062 | -732 | -655 |
2063 | -763 | -683 |
2064 | -794 | -710 |
2065 | -826 | -739 |
2066 | -859 | -767 |
2067 | -892 | -796 |
2068 | -925 | -825 |
2069 | -959 | -855 |
2070 | -993 | -885 |
2071 | -1028 | -915 |
2072 | -1064 | -946 |
2073 | -1101 | -977 |
2074 | -1139 | -1010 |
2075 | -1178 | -1044 |
2076 | -1217 | -1078 |
2077 | -1258 | -1113 |
2078 | -1299 | -1149 |
2079 | -1340 | -1186 |
2080 | -1382 | -1223 |
2081 | -1424 | -1261 |
2082 | -1466 | -1298 |
2083 | -1508 | -1334 |
2084 | -1550 | -1369 |
2085 | -1592 | -1404 |
2086 | -1635 | -1440 |
2087 | -1678 | -1477 |
2088 | -1722 | -1514 |
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