Proposed Provision: C1.3. 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.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165166
2027148148
2028130131
2029112113
20309495
20317677
20325859
20333941
20342023
203514
2036-19-15
2037-38-35
2038-59-54
2039-80-74
2040-101-95
2041-122-115
2042-144-136
2043-166-157
2044-188-178
2045-210-199
2046-232-220
2047-255-241
2048-277-262
2049-299-283
2050-322-304
2051-344-325
2052-367-346
2053-389-367
2054-412-388
2055-434-408
2056-457-429
2057-480-450
2058-504-471
2059-527-492
2060-551-513
2061-575-535
2062-599-557
2063-624-579
2064-650-601
2065-676-624
2066-702-647
2067-728-670
2068-755-694
2069-782-717
2070-809-742
2071-837-766
2072-866-792
2073-895-817
2074-925-843
2075-955-869
2076-986-896
2077-1018-924
2078-1051-952
2079-1084-981
2080-1119-1011
2081-1154-1041
2082-1190-1071
2083-1226-1102
2084-1263-1134
2085-1300-1165
2086-1337-1196
2087-1374-1228
2088-1411-1259
2089-1448-1291
2090-1484-1323
2091-1520-1355
2092-1554-1386
2093-1589-1416
2094-1623-1445
2095-1657-1472
back