Proposed Provision: C1.3. 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.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180181
2026163164
2027147148
2028130131
2029114115
20309798
20318082
20326365
20334648
20342831
20351013
2036-9-5
2037-28-24
2038-47-43
2039-67-62
2040-87-81
2041-108-101
2042-129-121
2043-150-141
2044-171-160
2045-192-180
2046-213-200
2047-234-220
2048-255-239
2049-276-259
2050-297-278
2051-318-298
2052-338-317
2053-359-336
2054-380-355
2055-401-374
2056-422-392
2057-444-411
2058-465-430
2059-487-449
2060-509-469
2061-531-488
2062-554-508
2063-577-528
2064-601-549
2065-625-569
2066-649-590
2067-674-611
2068-699-633
2069-724-655
2070-749-677
2071-776-699
2072-802-722
2073-830-746
2074-857-769
2075-885-793
2076-914-818
2077-944-843
2078-975-869
2079-1007-896
2080-1039-923
2081-1072-949
2082-1106-976
2083-1139-1004
2084-1173-1033
2085-1207-1063
2086-1242-1094
2087-1275-1123
2088-1309-1152
2089-1342-1179
2090-1375-1205
2091-1407-1231
2092-1439-1256
2093-1471-1281
2094-1503-1306
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