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
2019273273
2020260260
2021245245
2022229229
2023213214
2024197198
2025180181
2026163165
2027147149
2028130133
2029114118
203097102
20318086
20326370
20334654
20342838
20351022
2036-96
2037-28-11
2038-47-28
2039-67-44
2040-87-61
2041-108-78
2042-129-95
2043-150-112
2044-171-129
2045-192-145
2046-213-161
2047-234-177
2048-255-193
2049-276-208
2050-297-223
2051-318-238
2052-338-252
2053-359-267
2054-380-281
2055-401-295
2056-422-309
2057-444-323
2058-465-336
2059-487-350
2060-509-364
2061-531-378
2062-554-392
2063-577-406
2064-601-421
2065-625-436
2066-649-450
2067-674-466
2068-699-481
2069-724-497
2070-749-514
2071-776-531
2072-802-548
2073-830-565
2074-857-583
2075-885-601
2076-914-619
2077-944-638
2078-975-657
2079-1007-678
2080-1039-698
2081-1072-719
2082-1106-740
2083-1139-760
2084-1173-782
2085-1207-804
2086-1242-826
2087-1275-848
2088-1309-869
2089-1342-890
2090-1375-910
2091-1407-930
2092-1439-950
2093-1471-969
2094-1503-989
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