Proposed Provision: For those attaining age 62 in 2020 and 2021, increase the earliest eligibility age (EEA) to 63 and increase the normal retirement age (NRA) to 68. Then, increase the EEA and NRA by 3 months per year starting with those reaching age 62 in 2022 and stopping with those reaching age 62 in 2025. The EEA would then remain at 64 and the NRA at 69 for workers and spouses attaining 62 in 2025 and later.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309309
2020299300
2021289291
2022277281
2023264270
2024251259
2025237248
2026221237
2027205225
2028189214
2029171201
2030154189
2031136176
2032117162
203398149
203479135
203559121
203639107
20371992
2038-178
2039-2164
2040-4250
2041-6336
2042-8422
2043-1058
2044-126-5
2045-147-19
2046-168-32
2047-189-46
2048-211-60
2049-233-73
2050-255-87
2051-277-101
2052-299-114
2053-321-128
2054-344-142
2055-366-156
2056-389-170
2057-412-184
2058-436-199
2059-460-214
2060-485-229
2061-509-245
2062-534-260
2063-560-277
2064-586-293
2065-612-310
2066-638-327
2067-665-345
2068-692-362
2069-720-380
2070-748-399
2071-776-418
2072-805-437
2073-834-457
2074-864-476
2075-894-497
2076-925-517
2077-957-539
2078-989-560
2079-1021-582
2080-1054-605
2081-1087-628
2082-1121-651
2083-1156-675
2084-1191-699
2085-1227-724
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