Proposed Provision: C1.4. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 201 |
| 2025 | 183 | 184 |
| 2026 | 165 | 167 |
| 2027 | 148 | 150 |
| 2028 | 130 | 132 |
| 2029 | 112 | 115 |
| 2030 | 94 | 98 |
| 2031 | 76 | 81 |
| 2032 | 58 | 63 |
| 2033 | 39 | 46 |
| 2034 | 20 | 29 |
| 2035 | 1 | 12 |
| 2036 | -19 | -6 |
| 2037 | -38 | -23 |
| 2038 | -59 | -41 |
| 2039 | -80 | -59 |
| 2040 | -101 | -76 |
| 2041 | -122 | -94 |
| 2042 | -144 | -112 |
| 2043 | -166 | -130 |
| 2044 | -188 | -148 |
| 2045 | -210 | -166 |
| 2046 | -232 | -184 |
| 2047 | -255 | -201 |
| 2048 | -277 | -218 |
| 2049 | -299 | -235 |
| 2050 | -322 | -252 |
| 2051 | -344 | -268 |
| 2052 | -367 | -285 |
| 2053 | -389 | -301 |
| 2054 | -412 | -317 |
| 2055 | -434 | -333 |
| 2056 | -457 | -350 |
| 2057 | -480 | -366 |
| 2058 | -504 | -381 |
| 2059 | -527 | -397 |
| 2060 | -551 | -413 |
| 2061 | -575 | -429 |
| 2062 | -599 | -445 |
| 2063 | -624 | -462 |
| 2064 | -650 | -479 |
| 2065 | -676 | -496 |
| 2066 | -702 | -513 |
| 2067 | -728 | -530 |
| 2068 | -755 | -548 |
| 2069 | -782 | -566 |
| 2070 | -809 | -585 |
| 2071 | -837 | -605 |
| 2072 | -866 | -624 |
| 2073 | -895 | -644 |
| 2074 | -925 | -664 |
| 2075 | -955 | -685 |
| 2076 | -986 | -706 |
| 2077 | -1018 | -727 |
| 2078 | -1051 | -749 |
| 2079 | -1084 | -772 |
| 2080 | -1119 | -796 |
| 2081 | -1154 | -819 |
| 2082 | -1190 | -843 |
| 2083 | -1226 | -868 |
| 2084 | -1263 | -892 |
| 2085 | -1300 | -917 |
| 2086 | -1337 | -942 |
| 2087 | -1374 | -966 |
| 2088 | -1411 | -991 |
| 2089 | -1448 | -1017 |
| 2090 | -1484 | -1042 |
| 2091 | -1520 | -1068 |
| 2092 | -1554 | -1093 |
| 2093 | -1589 | -1117 |
| 2094 | -1623 | -1140 |
| 2095 | -1657 | -1162 |
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