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 |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 213 |
2024 | 197 | 197 |
2025 | 180 | 181 |
2026 | 163 | 164 |
2027 | 147 | 148 |
2028 | 130 | 131 |
2029 | 114 | 115 |
2030 | 97 | 98 |
2031 | 80 | 82 |
2032 | 63 | 65 |
2033 | 46 | 48 |
2034 | 28 | 31 |
2035 | 10 | 13 |
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 |
back