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 Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2009354354
2010360360
2011366367
2012369369
2013367368
2014364366
2015359363
2016354360
2017347355
2018338348
2019327339
2020315330
2021302319
2022289308
2023275296
2024260283
2025244269
2026227254
2027209238
2028191221
2029173204
2030153187
2031133169
2032113151
203392133
203471114
20355095
20362976
2037757
2038-1638
2039-3818
2040-61-1
2041-83-21
2042-106-40
2043-129-59
2044-152-79
2045-175-98
2046-199-118
2047-222-137
2048-246-157
2049-270-177
2050-294-197
2051-318-216
2052-342-236
2053-366-256
2054-391-277
2055-415-297
2056-440-317
2057-466-338
2058-491-359
2059-517-380
2060-544-402
2061-570-424
2062-598-446
2063-625-469
2064-653-492
2065-681-515
2066-710-539
2067-739-563
2068-768-587
2069-798-611
2070-828-636
2071-859-662
2072-890-687
2073-922-714
2074-954-740
2075-987-767
2076-1020-795
2077-1054-823
2078-1089-852
2079-1124-881
2080-1159-911
2081-1195-942
2082-1232-972
2083-1270-1004
2084-1308-1036
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