Proposed Provision: C1.1. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 1 month every 2 years until the NRA reaches 68.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2022 | 230 | 230 |
2023 | 211 | 211 |
2024 | 194 | 195 |
2025 | 177 | 177 |
2026 | 160 | 160 |
2027 | 143 | 143 |
2028 | 126 | 127 |
2029 | 109 | 110 |
2030 | 91 | 93 |
2031 | 74 | 76 |
2032 | 57 | 59 |
2033 | 39 | 42 |
2034 | 21 | 24 |
2035 | 3 | 7 |
2036 | -16 | -12 |
2037 | -35 | -30 |
2038 | -54 | -49 |
2039 | -74 | -68 |
2040 | -95 | -88 |
2041 | -116 | -108 |
2042 | -137 | -128 |
2043 | -158 | -149 |
2044 | -180 | -169 |
2045 | -202 | -190 |
2046 | -224 | -211 |
2047 | -246 | -232 |
2048 | -268 | -253 |
2049 | -291 | -274 |
2050 | -313 | -295 |
2051 | -336 | -316 |
2052 | -359 | -338 |
2053 | -383 | -359 |
2054 | -406 | -380 |
2055 | -430 | -402 |
2056 | -453 | -423 |
2057 | -477 | -445 |
2058 | -501 | -467 |
2059 | -525 | -489 |
2060 | -550 | -511 |
2061 | -575 | -534 |
2062 | -601 | -557 |
2063 | -627 | -580 |
2064 | -654 | -604 |
2065 | -681 | -628 |
2066 | -708 | -653 |
2067 | -736 | -678 |
2068 | -764 | -703 |
2069 | -792 | -728 |
2070 | -821 | -754 |
2071 | -850 | -781 |
2072 | -880 | -807 |
2073 | -910 | -834 |
2074 | -940 | -861 |
2075 | -971 | -889 |
2076 | -1003 | -918 |
2077 | -1036 | -947 |
2078 | -1069 | -977 |
2079 | -1104 | -1008 |
2080 | -1139 | -1039 |
2081 | -1175 | -1072 |
2082 | -1212 | -1105 |
2083 | -1249 | -1138 |
2084 | -1286 | -1171 |
2085 | -1324 | -1205 |
2086 | -1363 | -1240 |
2087 | -1402 | -1274 |
2088 | -1442 | -1309 |
2089 | -1481 | -1344 |
2090 | -1520 | -1379 |
2091 | -1558 | -1414 |
2092 | -1595 | -1448 |
2093 | -1632 | -1481 |
2094 | -1668 | -1514 |
2095 | -1703 | -1546 |
2096 | -1738 | -1577 |
2097 | -1773 | -1607 |
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