Proposed Provision: C2.2. Starting for those age 62 in 2024, index the normal retirement age (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 2024.
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 | 132 |
2028 | 114 | 114 |
2029 | 96 | 97 |
2030 | 78 | 80 |
2031 | 60 | 62 |
2032 | 43 | 45 |
2033 | 25 | 27 |
2034 | 7 | 10 |
2035 | -12 | -8 |
2036 | -31 | -27 |
2037 | -51 | -45 |
2038 | -70 | -65 |
2039 | -91 | -84 |
2040 | -112 | -104 |
2041 | -133 | -125 |
2042 | -154 | -145 |
2043 | -176 | -166 |
2044 | -198 | -187 |
2045 | -220 | -208 |
2046 | -243 | -229 |
2047 | -265 | -250 |
2048 | -288 | -271 |
2049 | -311 | -292 |
2050 | -333 | -314 |
2051 | -357 | -335 |
2052 | -380 | -357 |
2053 | -403 | -378 |
2054 | -427 | -400 |
2055 | -450 | -422 |
2056 | -474 | -444 |
2057 | -498 | -466 |
2058 | -522 | -488 |
2059 | -547 | -510 |
2060 | -572 | -532 |
2061 | -597 | -555 |
2062 | -623 | -578 |
2063 | -650 | -602 |
2064 | -677 | -627 |
2065 | -705 | -652 |
2066 | -733 | -677 |
2067 | -762 | -703 |
2068 | -791 | -729 |
2069 | -820 | -755 |
2070 | -850 | -781 |
2071 | -880 | -808 |
2072 | -911 | -835 |
2073 | -942 | -863 |
2074 | -974 | -890 |
2075 | -1006 | -919 |
2076 | -1039 | -948 |
2077 | -1074 | -978 |
2078 | -1108 | -1009 |
2079 | -1144 | -1041 |
2080 | -1181 | -1073 |
2081 | -1218 | -1105 |
2082 | -1256 | -1139 |
2083 | -1294 | -1172 |
2084 | -1333 | -1206 |
2085 | -1373 | -1240 |
2086 | -1413 | -1274 |
2087 | -1453 | -1309 |
2088 | -1494 | -1344 |
2089 | -1534 | -1379 |
2090 | -1574 | -1414 |
2091 | -1613 | -1448 |
2092 | -1651 | -1482 |
2093 | -1689 | -1515 |
2094 | -1726 | -1548 |
2095 | -1762 | -1580 |
2096 | -1798 | -1612 |
2097 | -1833 | -1643 |
2098 | -1868 | -1672 |
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