Proposed Provision: C1.6. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA by 1 month every 2 years until the NRA reaches 69. Also increase the age up to which the delayed retirement credit may be earned at the same rate (from 70 to 72). No change to earliest eligibility age.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 166 |
| 2027 | 148 | 148 |
| 2028 | 130 | 131 |
| 2029 | 112 | 113 |
| 2030 | 94 | 95 |
| 2031 | 76 | 77 |
| 2032 | 58 | 59 |
| 2033 | 39 | 41 |
| 2034 | 20 | 23 |
| 2035 | 1 | 4 |
| 2036 | -19 | -15 |
| 2037 | -38 | -35 |
| 2038 | -59 | -54 |
| 2039 | -80 | -74 |
| 2040 | -101 | -94 |
| 2041 | -122 | -115 |
| 2042 | -144 | -136 |
| 2043 | -166 | -157 |
| 2044 | -188 | -178 |
| 2045 | -210 | -199 |
| 2046 | -232 | -220 |
| 2047 | -255 | -241 |
| 2048 | -277 | -262 |
| 2049 | -299 | -283 |
| 2050 | -322 | -304 |
| 2051 | -344 | -325 |
| 2052 | -367 | -345 |
| 2053 | -389 | -366 |
| 2054 | -412 | -387 |
| 2055 | -434 | -408 |
| 2056 | -457 | -428 |
| 2057 | -480 | -449 |
| 2058 | -504 | -470 |
| 2059 | -527 | -491 |
| 2060 | -551 | -512 |
| 2061 | -575 | -534 |
| 2062 | -599 | -555 |
| 2063 | -624 | -577 |
| 2064 | -650 | -600 |
| 2065 | -676 | -623 |
| 2066 | -702 | -645 |
| 2067 | -728 | -669 |
| 2068 | -755 | -692 |
| 2069 | -782 | -716 |
| 2070 | -809 | -740 |
| 2071 | -837 | -765 |
| 2072 | -866 | -790 |
| 2073 | -895 | -815 |
| 2074 | -925 | -841 |
| 2075 | -955 | -867 |
| 2076 | -986 | -893 |
| 2077 | -1018 | -920 |
| 2078 | -1051 | -948 |
| 2079 | -1084 | -976 |
| 2080 | -1119 | -1005 |
| 2081 | -1154 | -1035 |
| 2082 | -1190 | -1065 |
| 2083 | -1226 | -1095 |
| 2084 | -1263 | -1125 |
| 2085 | -1300 | -1156 |
| 2086 | -1337 | -1188 |
| 2087 | -1374 | -1218 |
| 2088 | -1411 | -1249 |
| 2089 | -1448 | -1279 |
| 2090 | -1484 | -1309 |
| 2091 | -1520 | -1339 |
| 2092 | -1554 | -1369 |
| 2093 | -1589 | -1397 |
| 2094 | -1623 | -1425 |
| 2095 | -1657 | -1452 |
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