Proposed Provision: C1.1. Starting with those age 62 in 2024, increase the normal retirement age (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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 132 |
| 2028 | 114 | 114 |
| 2029 | 96 | 96 |
| 2030 | 78 | 79 |
| 2031 | 60 | 61 |
| 2032 | 43 | 44 |
| 2033 | 25 | 26 |
| 2034 | 7 | 8 |
| 2035 | -12 | -10 |
| 2036 | -31 | -28 |
| 2037 | -51 | -48 |
| 2038 | -70 | -67 |
| 2039 | -91 | -87 |
| 2040 | -112 | -107 |
| 2041 | -133 | -128 |
| 2042 | -154 | -148 |
| 2043 | -176 | -169 |
| 2044 | -198 | -190 |
| 2045 | -220 | -212 |
| 2046 | -243 | -233 |
| 2047 | -265 | -254 |
| 2048 | -288 | -276 |
| 2049 | -311 | -297 |
| 2050 | -333 | -319 |
| 2051 | -357 | -341 |
| 2052 | -380 | -362 |
| 2053 | -403 | -384 |
| 2054 | -427 | -406 |
| 2055 | -450 | -427 |
| 2056 | -474 | -449 |
| 2057 | -498 | -471 |
| 2058 | -522 | -493 |
| 2059 | -547 | -516 |
| 2060 | -572 | -538 |
| 2061 | -597 | -562 |
| 2062 | -623 | -585 |
| 2063 | -650 | -609 |
| 2064 | -677 | -634 |
| 2065 | -705 | -659 |
| 2066 | -733 | -685 |
| 2067 | -762 | -710 |
| 2068 | -791 | -737 |
| 2069 | -820 | -763 |
| 2070 | -850 | -790 |
| 2071 | -880 | -818 |
| 2072 | -911 | -845 |
| 2073 | -942 | -874 |
| 2074 | -974 | -902 |
| 2075 | -1006 | -931 |
| 2076 | -1039 | -961 |
| 2077 | -1074 | -992 |
| 2078 | -1108 | -1023 |
| 2079 | -1144 | -1055 |
| 2080 | -1181 | -1088 |
| 2081 | -1218 | -1122 |
| 2082 | -1256 | -1156 |
| 2083 | -1294 | -1191 |
| 2084 | -1333 | -1226 |
| 2085 | -1373 | -1261 |
| 2086 | -1413 | -1297 |
| 2087 | -1453 | -1333 |
| 2088 | -1494 | -1369 |
| 2089 | -1534 | -1405 |
| 2090 | -1574 | -1441 |
| 2091 | -1613 | -1476 |
| 2092 | -1651 | -1511 |
| 2093 | -1689 | -1545 |
| 2094 | -1726 | -1578 |
| 2095 | -1762 | -1610 |
| 2096 | -1798 | -1643 |
| 2097 | -1833 | -1674 |
| 2098 | -1868 | -1705 |
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