Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2011, 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 70.

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

Year Present Law Provision
2010355355
2011353353
2012350351
2013346347
2014341343
2015335339
2016330334
2017324329
2018317324
2019309317
2020299309
2021289301
2022277291
2023264280
2024251268
2025237255
2026221241
2027205227
2028189212
2029171196
2030154180
2031136164
2032117147
203398130
203479113
20355996
20363978
20371960
2038-143
2039-2125
2040-427
2041-63-11
2042-84-29
2043-105-46
2044-126-64
2045-147-82
2046-168-100
2047-189-117
2048-211-135
2049-233-153
2050-255-171
2051-277-189
2052-299-206
2053-321-224
2054-344-242
2055-366-260
2056-389-278
2057-412-296
2058-436-314
2059-460-333
2060-485-352
2061-509-370
2062-534-390
2063-560-409
2064-586-429
2065-612-448
2066-638-468
2067-665-489
2068-692-509
2069-720-530
2070-748-551
2071-776-572
2072-805-594
2073-834-616
2074-864-638
2075-894-661
2076-925-684
2077-957-707
2078-989-731
2079-1021-755
2080-1054-779
2081-1087-803
2082-1121-828
2083-1156-854
2084-1191-880
2085-1227-906
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