Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2010, rather than those age 62 in 2017) and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 68.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
200912.812.812.412.4
201012.912.912.512.5
201112.912.912.412.4
201212.912.912.212.2
201312.912.912.412.4
201412.912.912.612.6
201512.912.912.912.8
201613.013.013.213.0
201713.013.013.513.3
201813.013.013.813.6
201913.013.014.213.9
202013.013.014.514.2
202113.113.114.814.5
202213.113.115.114.7
202313.113.115.415.0
202413.113.115.615.2
202513.113.115.915.5
202613.113.116.115.7
202713.213.116.315.9
202813.213.216.516.1
202913.213.216.616.3
203013.213.216.816.4
203113.213.216.916.5
203213.213.217.016.6
203313.213.217.016.6
203413.213.217.116.6
203513.213.217.116.6
203613.213.217.116.6
203713.213.217.116.6
203813.213.217.116.6
203913.213.217.016.5
204013.213.217.016.5
204113.213.216.916.4
204213.213.216.916.3
204313.213.216.816.3
204413.213.216.816.2
204513.213.216.716.2
204613.213.216.716.1
204713.213.216.716.1
204813.213.216.716.0
204913.213.216.616.0
205013.213.216.616.0
205113.313.216.615.9
205213.313.216.615.9
205313.313.216.615.9
205413.313.216.615.9
205513.313.216.615.9
205613.313.216.616.0
205713.313.216.716.0
205813.313.216.716.0
205913.313.216.716.0
206013.313.216.716.0
206113.313.216.716.0
206213.313.216.816.1
206313.313.216.816.1
206413.313.216.816.1
206513.313.316.916.1
206613.313.316.916.2
206713.313.316.916.2
206813.313.317.016.2
206913.313.317.016.3
207013.313.317.016.3
207113.313.317.116.4
207213.313.317.116.4
207313.313.317.216.4
207413.313.317.216.5
207513.313.317.316.5
207613.313.317.316.6
207713.313.317.416.6
207813.313.317.416.7
207913.313.317.516.7
208013.313.317.516.8
208113.313.317.616.8
208213.313.317.616.9
208313.313.317.716.9
208413.313.317.717.0
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