Proposed Provision: C2.2. After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining 62 in 2021.
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 | 166 |
| 2027 | 148 | 149 |
| 2028 | 130 | 132 |
| 2029 | 112 | 114 |
| 2030 | 94 | 96 |
| 2031 | 76 | 79 |
| 2032 | 58 | 61 |
| 2033 | 39 | 43 |
| 2034 | 20 | 25 |
| 2035 | 1 | 6 |
| 2036 | -19 | -12 |
| 2037 | -38 | -32 |
| 2038 | -59 | -51 |
| 2039 | -80 | -71 |
| 2040 | -101 | -91 |
| 2041 | -122 | -111 |
| 2042 | -144 | -132 |
| 2043 | -166 | -152 |
| 2044 | -188 | -173 |
| 2045 | -210 | -194 |
| 2046 | -232 | -215 |
| 2047 | -255 | -236 |
| 2048 | -277 | -257 |
| 2049 | -299 | -278 |
| 2050 | -322 | -299 |
| 2051 | -344 | -320 |
| 2052 | -367 | -340 |
| 2053 | -389 | -361 |
| 2054 | -412 | -381 |
| 2055 | -434 | -402 |
| 2056 | -457 | -422 |
| 2057 | -480 | -443 |
| 2058 | -504 | -464 |
| 2059 | -527 | -485 |
| 2060 | -551 | -506 |
| 2061 | -575 | -527 |
| 2062 | -599 | -549 |
| 2063 | -624 | -571 |
| 2064 | -650 | -593 |
| 2065 | -676 | -616 |
| 2066 | -702 | -639 |
| 2067 | -728 | -662 |
| 2068 | -755 | -686 |
| 2069 | -782 | -709 |
| 2070 | -809 | -733 |
| 2071 | -837 | -758 |
| 2072 | -866 | -782 |
| 2073 | -895 | -808 |
| 2074 | -925 | -833 |
| 2075 | -955 | -860 |
| 2076 | -986 | -887 |
| 2077 | -1018 | -915 |
| 2078 | -1051 | -943 |
| 2079 | -1084 | -972 |
| 2080 | -1119 | -1002 |
| 2081 | -1154 | -1032 |
| 2082 | -1190 | -1062 |
| 2083 | -1226 | -1093 |
| 2084 | -1263 | -1125 |
| 2085 | -1300 | -1157 |
| 2086 | -1337 | -1189 |
| 2087 | -1374 | -1221 |
| 2088 | -1411 | -1253 |
| 2089 | -1448 | -1286 |
| 2090 | -1484 | -1318 |
| 2091 | -1520 | -1352 |
| 2092 | -1554 | -1384 |
| 2093 | -1589 | -1414 |
| 2094 | -1623 | -1442 |
| 2095 | -1657 | -1469 |
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