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
2013330330
2014315315
2015301301
2016286286
2017271271
2018257258
2019244245
2020231232
2021218219
2022204206
2023189192
2024173177
2025158162
2026142146
2027125130
2028108114
20299097
20307179
20315260
20323141
20331121
2034-111
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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