Summary Measures and Graphs

Description of Proposed Provision:
C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2023 and ending in 2040 (EEA reaches 65 for those age 62 in 2040).

Estimates based on the intermediate assumptions of the 2021 Trustees Report
Summary Measures
Current law
[percent of payroll]		 Change from current law
[percent of payroll]		 Shortfall eliminated
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
-3.54 -4.34 -0.10 -0.43 -3% -10%

graph of OASDI cost rates and income rates by year, under current law and provision. click on graph to view underlying data. graph of OASDI trust fund ratio by year, under current law and provision. click on graph to view underlying data.