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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 264 |
2019 | 248 | 248 |
2020 | 233 | 234 |
2021 | 219 | 220 |
2022 | 204 | 206 |
2023 | 189 | 193 |
2024 | 173 | 180 |
2025 | 157 | 167 |
2026 | 142 | 156 |
2027 | 126 | 144 |
2028 | 110 | 133 |
2029 | 94 | 121 |
2030 | 77 | 110 |
2031 | 60 | 97 |
2032 | 42 | 84 |
2033 | 23 | 70 |
2034 | 4 | 56 |
2035 | -16 | 41 |
2036 | -36 | 26 |
2037 | -57 | 10 |
2038 | -78 | -5 |
2039 | -100 | -22 |
2040 | -122 | -38 |
2041 | -144 | -54 |
2042 | -166 | -71 |
2043 | -189 | -87 |
2044 | -211 | -104 |
2045 | -234 | -120 |
2046 | -257 | -137 |
2047 | -280 | -153 |
2048 | -303 | -170 |
2049 | -327 | -186 |
2050 | -351 | -203 |
2051 | -375 | -220 |
2052 | -398 | -236 |
2053 | -423 | -253 |
2054 | -447 | -270 |
2055 | -472 | -287 |
2056 | -496 | -305 |
2057 | -522 | -322 |
2058 | -548 | -341 |
2059 | -574 | -359 |
2060 | -601 | -378 |
2061 | -629 | -398 |
2062 | -657 | -418 |
2063 | -685 | -438 |
2064 | -714 | -460 |
2065 | -744 | -481 |
2066 | -774 | -503 |
2067 | -804 | -526 |
2068 | -835 | -548 |
2069 | -867 | -572 |
2070 | -899 | -595 |
2071 | -932 | -619 |
2072 | -965 | -644 |
2073 | -1000 | -669 |
2074 | -1035 | -696 |
2075 | -1072 | -724 |
2076 | -1110 | -752 |
2077 | -1148 | -781 |
2078 | -1188 | -810 |
2079 | -1228 | -840 |
2080 | -1268 | -871 |
2081 | -1309 | -902 |
2082 | -1350 | -933 |
2083 | -1391 | -963 |
2084 | -1432 | -994 |
2085 | -1472 | -1025 |
2086 | -1514 | -1057 |
2087 | -1555 | -1089 |
2088 | -1597 | -1120 |
2089 | -1640 | -1152 |
2090 | -1683 | -1185 |
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