Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.
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 | 278 |
2018 | 262 | 264 |
2019 | 248 | 250 |
2020 | 233 | 236 |
2021 | 219 | 223 |
2022 | 203 | 210 |
2023 | 187 | 196 |
2024 | 171 | 182 |
2025 | 154 | 168 |
2026 | 137 | 153 |
2027 | 119 | 138 |
2028 | 101 | 123 |
2029 | 83 | 108 |
2030 | 64 | 93 |
2031 | 44 | 76 |
2032 | 23 | 60 |
2033 | 2 | 43 |
2034 | -20 | 25 |
2035 | -42 | 8 |
2036 | -65 | -11 |
2037 | -88 | -29 |
2038 | -112 | -48 |
2039 | -136 | -67 |
2040 | -160 | -86 |
2041 | -185 | -106 |
2042 | -210 | -125 |
2043 | -235 | -145 |
2044 | -260 | -164 |
2045 | -285 | -184 |
2046 | -310 | -203 |
2047 | -336 | -223 |
2048 | -362 | -243 |
2049 | -388 | -263 |
2050 | -415 | -283 |
2051 | -442 | -303 |
2052 | -468 | -323 |
2053 | -495 | -343 |
2054 | -523 | -363 |
2055 | -550 | -384 |
2056 | -578 | -404 |
2057 | -606 | -425 |
2058 | -635 | -446 |
2059 | -664 | -468 |
2060 | -694 | -490 |
2061 | -725 | -513 |
2062 | -756 | -536 |
2063 | -787 | -560 |
2064 | -819 | -584 |
2065 | -852 | -608 |
2066 | -885 | -634 |
2067 | -918 | -659 |
2068 | -952 | -685 |
2069 | -987 | -711 |
2070 | -1022 | -738 |
2071 | -1057 | -765 |
2072 | -1094 | -794 |
2073 | -1132 | -823 |
2074 | -1171 | -853 |
2075 | -1210 | -883 |
2076 | -1251 | -915 |
2077 | -1293 | -947 |
2078 | -1335 | -980 |
2079 | -1378 | -1013 |
2080 | -1421 | -1046 |
2081 | -1464 | -1080 |
2082 | -1507 | -1114 |
2083 | -1550 | -1147 |
2084 | -1593 | -1181 |
2085 | -1636 | -1215 |
2086 | -1680 | -1249 |
2087 | -1724 | -1283 |
2088 | -1769 | -1317 |
2089 | -1814 | -1352 |
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