Proposed Provision: C1.4. Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2024 and ending in 2035 (NRA reaches 69 for those age 62 in 2035). Thereafter, increase the NRA 1 month every 2 years.
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 | 150 |
2027 | 131 | 133 |
2028 | 114 | 115 |
2029 | 96 | 98 |
2030 | 78 | 81 |
2031 | 60 | 64 |
2032 | 43 | 47 |
2033 | 25 | 30 |
2034 | 7 | 13 |
2035 | -12 | -4 |
2036 | -31 | -21 |
2037 | -51 | -39 |
2038 | -70 | -57 |
2039 | -91 | -75 |
2040 | -112 | -93 |
2041 | -133 | -111 |
2042 | -154 | -129 |
2043 | -176 | -147 |
2044 | -198 | -165 |
2045 | -220 | -183 |
2046 | -243 | -201 |
2047 | -265 | -219 |
2048 | -288 | -237 |
2049 | -311 | -255 |
2050 | -333 | -273 |
2051 | -357 | -290 |
2052 | -380 | -308 |
2053 | -403 | -326 |
2054 | -427 | -343 |
2055 | -450 | -361 |
2056 | -474 | -378 |
2057 | -498 | -395 |
2058 | -522 | -413 |
2059 | -547 | -431 |
2060 | -572 | -448 |
2061 | -597 | -467 |
2062 | -623 | -485 |
2063 | -650 | -504 |
2064 | -677 | -524 |
2065 | -705 | -543 |
2066 | -733 | -563 |
2067 | -762 | -583 |
2068 | -791 | -603 |
2069 | -820 | -624 |
2070 | -850 | -645 |
2071 | -880 | -667 |
2072 | -911 | -689 |
2073 | -942 | -711 |
2074 | -974 | -733 |
2075 | -1006 | -756 |
2076 | -1039 | -780 |
2077 | -1074 | -804 |
2078 | -1108 | -829 |
2079 | -1144 | -855 |
2080 | -1181 | -880 |
2081 | -1218 | -907 |
2082 | -1256 | -933 |
2083 | -1294 | -960 |
2084 | -1333 | -987 |
2085 | -1373 | -1014 |
2086 | -1413 | -1042 |
2087 | -1453 | -1070 |
2088 | -1494 | -1098 |
2089 | -1534 | -1126 |
2090 | -1574 | -1154 |
2091 | -1613 | -1181 |
2092 | -1651 | -1208 |
2093 | -1689 | -1234 |
2094 | -1726 | -1261 |
2095 | -1762 | -1287 |
2096 | -1798 | -1314 |
2097 | -1833 | -1340 |
2098 | -1868 | -1363 |
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