Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively, and then by 3 months per year in 2022-25 to 69 and 64, respectively.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 262 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 220 |
2022 | 203 | 206 |
2023 | 187 | 193 |
2024 | 171 | 179 |
2025 | 154 | 165 |
2026 | 137 | 152 |
2027 | 119 | 138 |
2028 | 101 | 125 |
2029 | 83 | 111 |
2030 | 64 | 96 |
2031 | 44 | 81 |
2032 | 23 | 66 |
2033 | 2 | 49 |
2034 | -20 | 33 |
2035 | -42 | 15 |
2036 | -65 | -2 |
2037 | -88 | -20 |
2038 | -112 | -39 |
2039 | -136 | -57 |
2040 | -160 | -76 |
2041 | -185 | -95 |
2042 | -210 | -114 |
2043 | -235 | -133 |
2044 | -260 | -152 |
2045 | -285 | -171 |
2046 | -310 | -190 |
2047 | -336 | -209 |
2048 | -362 | -228 |
2049 | -388 | -248 |
2050 | -415 | -267 |
2051 | -442 | -287 |
2052 | -468 | -307 |
2053 | -495 | -326 |
2054 | -523 | -346 |
2055 | -550 | -366 |
2056 | -578 | -386 |
2057 | -606 | -407 |
2058 | -635 | -428 |
2059 | -664 | -449 |
2060 | -694 | -471 |
2061 | -725 | -494 |
2062 | -756 | -517 |
2063 | -787 | -540 |
2064 | -819 | -564 |
2065 | -852 | -588 |
2066 | -885 | -613 |
2067 | -918 | -638 |
2068 | -952 | -664 |
2069 | -987 | -690 |
2070 | -1022 | -716 |
2071 | -1057 | -743 |
2072 | -1094 | -771 |
2073 | -1132 | -800 |
2074 | -1171 | -830 |
2075 | -1210 | -860 |
2076 | -1251 | -892 |
2077 | -1293 | -924 |
2078 | -1335 | -956 |
2079 | -1378 | -989 |
2080 | -1421 | -1022 |
2081 | -1464 | -1056 |
2082 | -1507 | -1089 |
2083 | -1550 | -1122 |
2084 | -1593 | -1155 |
2085 | -1636 | -1189 |
2086 | -1680 | -1222 |
2087 | -1724 | -1256 |
2088 | -1769 | -1290 |
2089 | -1814 | -1325 |
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