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
2014320320
2015306306
2016292292
2017277278
2018262264
2019248250
2020233236
2021219223
2022203210
2023187196
2024171182
2025154168
2026137153
2027119138
2028101123
202983108
20306493
20314476
20322360
2033243
2034-2025
2035-428
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
back