Proposed Provision: C2.2. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining 62 in 2023.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2022230230
2023211211
2024194195
2025177178
2026160160
2027143144
2028126127
2029109110
20309193
20317476
20325760
20333943
20342125
203538
2036-16-10
2037-35-29
2038-54-47
2039-74-66
2040-95-86
2041-116-106
2042-137-126
2043-158-146
2044-180-166
2045-202-187
2046-224-207
2047-246-228
2048-268-249
2049-291-270
2050-313-291
2051-336-312
2052-359-333
2053-383-354
2054-406-376
2055-430-397
2056-453-418
2057-477-440
2058-501-461
2059-525-483
2060-550-505
2061-575-527
2062-601-550
2063-627-573
2064-654-597
2065-681-621
2066-708-645
2067-736-669
2068-764-694
2069-792-719
2070-821-744
2071-850-770
2072-880-796
2073-910-822
2074-940-848
2075-971-875
2076-1003-903
2077-1036-931
2078-1069-961
2079-1104-990
2080-1139-1021
2081-1175-1052
2082-1212-1083
2083-1249-1114
2084-1286-1147
2085-1324-1179
2086-1363-1212
2087-1402-1246
2088-1442-1280
2089-1481-1313
2090-1520-1347
2091-1558-1380
2092-1595-1413
2093-1632-1445
2094-1668-1476
2095-1703-1506
2096-1738-1537
2097-1773-1567
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