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 |
2022 | 230 | 230 |
2023 | 211 | 211 |
2024 | 194 | 195 |
2025 | 177 | 178 |
2026 | 160 | 160 |
2027 | 143 | 144 |
2028 | 126 | 127 |
2029 | 109 | 110 |
2030 | 91 | 93 |
2031 | 74 | 76 |
2032 | 57 | 60 |
2033 | 39 | 43 |
2034 | 21 | 25 |
2035 | 3 | 8 |
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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