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Summary Measures and Graphs
Retirement Age

Description of Proposed Provision:
Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2016 and ending in 2033 (EEA reaches 65 for those age 62 in 2033).

Estimates based on the intermediate assumptions of the 2014 Trustees Report

Summary Measures
Present Law
[percent of payroll]		 Change from present law
[percent of payroll]		 Shortfall Eliminated
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
-2.88 -4.90 -0.07 -0.43 -2% -9%


graph of OASDI cost rates and income rates by year, under present law and provision. click on graph to view underlying data. graph of OASDI trust fund ratio by year, under present law and provision. click on graph to view underlying data.
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Last reviewed or modified September 18, 2014