Proposed Provision: C1.4. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 256 |
2021 | 239 | 239 |
2022 | 223 | 223 |
2023 | 206 | 206 |
2024 | 188 | 189 |
2025 | 171 | 172 |
2026 | 154 | 155 |
2027 | 137 | 139 |
2028 | 120 | 123 |
2029 | 104 | 107 |
2030 | 86 | 90 |
2031 | 69 | 74 |
2032 | 51 | 57 |
2033 | 33 | 41 |
2034 | 14 | 24 |
2035 | -5 | 6 |
2036 | -25 | -12 |
2037 | -46 | -30 |
2038 | -67 | -48 |
2039 | -88 | -66 |
2040 | -110 | -85 |
2041 | -132 | -103 |
2042 | -154 | -121 |
2043 | -176 | -140 |
2044 | -199 | -158 |
2045 | -221 | -176 |
2046 | -244 | -194 |
2047 | -267 | -211 |
2048 | -289 | -228 |
2049 | -312 | -246 |
2050 | -335 | -262 |
2051 | -358 | -279 |
2052 | -381 | -295 |
2053 | -403 | -312 |
2054 | -426 | -328 |
2055 | -450 | -344 |
2056 | -473 | -360 |
2057 | -496 | -376 |
2058 | -520 | -392 |
2059 | -544 | -407 |
2060 | -569 | -423 |
2061 | -594 | -440 |
2062 | -619 | -456 |
2063 | -645 | -473 |
2064 | -671 | -490 |
2065 | -698 | -507 |
2066 | -725 | -524 |
2067 | -752 | -542 |
2068 | -780 | -560 |
2069 | -808 | -578 |
2070 | -837 | -597 |
2071 | -866 | -617 |
2072 | -896 | -637 |
2073 | -927 | -657 |
2074 | -958 | -678 |
2075 | -990 | -699 |
2076 | -1023 | -720 |
2077 | -1057 | -742 |
2078 | -1092 | -765 |
2079 | -1128 | -788 |
2080 | -1165 | -813 |
2081 | -1202 | -837 |
2082 | -1240 | -862 |
2083 | -1278 | -887 |
2084 | -1316 | -912 |
2085 | -1354 | -937 |
2086 | -1392 | -961 |
2087 | -1430 | -986 |
2088 | -1468 | -1010 |
2089 | -1505 | -1034 |
2090 | -1543 | -1058 |
2091 | -1580 | -1082 |
2092 | -1618 | -1106 |
2093 | -1655 | -1130 |
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