Proposed Provision: C1.7. After the normal retirement age (NRA) reaches 67 for those attaining age 62 in 2022, increase the NRA by 3 months per year starting for attaining age 62 in 2023 until it reaches 69 for those attaining age 62 in 2030. Increase the age up to which delayed retirement credits may be earned from 70 to 72 on the same schedule. Increase the widow(er) NRA in the same manner. The earliest eligibility age (EEA) for worker's and widow(er)'s benefit is unchanged.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Current Law |
Provision |
Current Law |
Provision |
| 2022 | 12.8 | 12.8 | 14.1 | 14.1 |
| 2023 | 13.0 | 13.0 | 14.3 | 14.3 |
| 2024 | 13.0 | 13.0 | 14.4 | 14.4 |
| 2025 | 13.0 | 13.0 | 14.7 | 14.6 |
| 2026 | 13.1 | 13.1 | 14.9 | 14.8 |
| 2027 | 13.1 | 13.1 | 15.1 | 15.0 |
| 2028 | 13.1 | 13.1 | 15.3 | 15.2 |
| 2029 | 13.2 | 13.2 | 15.5 | 15.3 |
| 2030 | 13.2 | 13.2 | 15.7 | 15.5 |
| 2031 | 13.2 | 13.2 | 15.9 | 15.6 |
| 2032 | 13.2 | 13.2 | 16.1 | 15.7 |
| 2033 | 13.3 | 13.2 | 16.2 | 15.7 |
| 2034 | 13.3 | 13.2 | 16.3 | 15.8 |
| 2035 | 13.3 | 13.2 | 16.4 | 15.8 |
| 2036 | 13.3 | 13.3 | 16.5 | 15.8 |
| 2037 | 13.3 | 13.3 | 16.6 | 15.8 |
| 2038 | 13.3 | 13.3 | 16.6 | 15.8 |
| 2039 | 13.3 | 13.3 | 16.7 | 15.8 |
| 2040 | 13.3 | 13.3 | 16.7 | 15.8 |
| 2041 | 13.3 | 13.3 | 16.7 | 15.8 |
| 2042 | 13.3 | 13.3 | 16.8 | 15.8 |
| 2043 | 13.3 | 13.3 | 16.8 | 15.8 |
| 2044 | 13.3 | 13.3 | 16.8 | 15.8 |
| 2045 | 13.3 | 13.3 | 16.8 | 15.8 |
| 2046 | 13.3 | 13.3 | 16.8 | 15.8 |
| 2047 | 13.3 | 13.3 | 16.9 | 15.8 |
| 2048 | 13.3 | 13.3 | 16.9 | 15.7 |
| 2049 | 13.3 | 13.3 | 16.9 | 15.7 |
| 2050 | 13.3 | 13.3 | 16.9 | 15.8 |
| 2051 | 13.3 | 13.3 | 17.0 | 15.8 |
| 2052 | 13.3 | 13.3 | 17.0 | 15.8 |
| 2053 | 13.3 | 13.3 | 17.1 | 15.8 |
| 2054 | 13.3 | 13.3 | 17.1 | 15.8 |
| 2055 | 13.3 | 13.3 | 17.1 | 15.8 |
| 2056 | 13.3 | 13.3 | 17.2 | 15.9 |
| 2057 | 13.3 | 13.3 | 17.3 | 15.9 |
| 2058 | 13.4 | 13.3 | 17.3 | 16.0 |
| 2059 | 13.4 | 13.3 | 17.4 | 16.0 |
| 2060 | 13.4 | 13.3 | 17.5 | 16.1 |
| 2061 | 13.4 | 13.3 | 17.5 | 16.1 |
| 2062 | 13.4 | 13.3 | 17.6 | 16.2 |
| 2063 | 13.4 | 13.3 | 17.6 | 16.2 |
| 2064 | 13.4 | 13.3 | 17.7 | 16.3 |
| 2065 | 13.4 | 13.3 | 17.7 | 16.3 |
| 2066 | 13.4 | 13.3 | 17.8 | 16.4 |
| 2067 | 13.4 | 13.3 | 17.8 | 16.5 |
| 2068 | 13.4 | 13.3 | 17.9 | 16.5 |
| 2069 | 13.4 | 13.3 | 17.9 | 16.6 |
| 2070 | 13.4 | 13.3 | 18.0 | 16.6 |
| 2071 | 13.4 | 13.3 | 18.1 | 16.6 |
| 2072 | 13.4 | 13.3 | 18.1 | 16.7 |
| 2073 | 13.4 | 13.3 | 18.2 | 16.7 |
| 2074 | 13.4 | 13.3 | 18.2 | 16.8 |
| 2075 | 13.4 | 13.4 | 18.3 | 16.8 |
| 2076 | 13.4 | 13.4 | 18.3 | 16.9 |
| 2077 | 13.4 | 13.4 | 18.3 | 16.9 |
| 2078 | 13.4 | 13.4 | 18.3 | 16.9 |
| 2079 | 13.4 | 13.4 | 18.3 | 16.9 |
| 2080 | 13.4 | 13.4 | 18.3 | 16.9 |
| 2081 | 13.4 | 13.4 | 18.3 | 16.9 |
| 2082 | 13.4 | 13.4 | 18.2 | 16.8 |
| 2083 | 13.4 | 13.4 | 18.2 | 16.8 |
| 2084 | 13.4 | 13.3 | 18.2 | 16.8 |
| 2085 | 13.4 | 13.3 | 18.1 | 16.7 |
| 2086 | 13.4 | 13.3 | 18.0 | 16.7 |
| 2087 | 13.4 | 13.3 | 18.0 | 16.7 |
| 2088 | 13.4 | 13.3 | 17.9 | 16.6 |
| 2089 | 13.4 | 13.3 | 17.9 | 16.5 |
| 2090 | 13.4 | 13.3 | 17.8 | 16.5 |
| 2091 | 13.4 | 13.3 | 17.7 | 16.4 |
| 2092 | 13.4 | 13.3 | 17.7 | 16.4 |
| 2093 | 13.4 | 13.3 | 17.7 | 16.3 |
| 2094 | 13.4 | 13.3 | 17.7 | 16.3 |
| 2095 | 13.4 | 13.3 | 17.6 | 16.3 |
| 2096 | 13.4 | 13.3 | 17.6 | 16.3 |
| 2097 | 13.4 | 13.3 | 17.6 | 16.3 |
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