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
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157158
2026142143
2027126128
2028110113
20299497
20307781
20316064
20324247
20332329
2034410
2035-16-8
2036-36-28
2037-57-48
2038-78-68
2039-100-88
2040-122-109
2041-144-130
2042-166-151
2043-189-172
2044-211-193
2045-234-214
2046-257-236
2047-280-257
2048-303-279
2049-327-300
2050-351-322
2051-375-344
2052-398-366
2053-423-388
2054-447-410
2055-472-432
2056-496-454
2057-522-476
2058-548-499
2059-574-523
2060-601-547
2061-629-571
2062-657-596
2063-685-621
2064-714-647
2065-744-673
2066-774-700
2067-804-727
2068-835-754
2069-867-782
2070-899-809
2071-932-838
2072-965-867
2073-1000-898
2074-1035-929
2075-1072-961
2076-1110-995
2077-1148-1029
2078-1188-1064
2079-1228-1099
2080-1268-1136
2081-1309-1173
2082-1350-1209
2083-1391-1244
2084-1432-1279
2085-1472-1314
2086-1514-1349
2087-1555-1385
2088-1597-1421
2089-1640-1457
2090-1683-1494
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