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
2023204204
2024187187
2025168168
2026149150
2027131132
2028114114
20299697
20307880
20316062
20324345
20332527
2034710
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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