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| Solvency Provisions | Provisions Affecting Retirement Age |
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| Number | Table and graph selection                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| C1     | Shorten the hiatus in the normal retirement age (start increasing        to age 67 for those age 62 in 2009, rather than those age 62 in 2017).              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| C2     | Shorten the hiatus in the normal retirement age (start increasing        to age 67 for those age 62 in 2009, 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.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| C3     | Shorten the hiatus in the normal retirement age (start increasing        to age 67 for those age 62 in 2009, 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.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| C4     | Shorten the hiatus in the normal retirement age (start increasing        to age 67 for those age 62 in 2009, rather than those age 62 in 2017)        and then increase the NRA 2 months per year until        the NRA reaches age 68.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)Related memorandum                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| C5     | Shorten the hiatus in the normal retirement age (speed up the        increase to age 67).  That is, increase the NRA by 2 months per year        for those attaining age 62 in 2012 through 2017, five years earlier        than in current law, which would increase the NRA 2 months per year        for those reaching age 62 in 2017 through 2022.                Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)Related memorandum                                                                                                                                                                                                                                                                                                                                                                                |
| C6     | Increase the normal retirement age (NRA) from 66 to 67 one year        earlier than current law, starting for those reaching age 62 in        2016 and ending for those reaching age 62 in 2021.  Then, after        2021, index the NRA to maintain a constant ratio of expected        retirement years (life expectancy at NRA) to potential work        years (NRA minus 20).              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)Related memorandum                                                                                                                                                                                                                                                                                                                                                      |
| C7     | Index benefits to longevity after the normal retirement age (NRA)        reaches age 67 under current law.  Under current law, the NRA        reaches 67 for individuals who attain age 62 in 2022 and later.        Under this provision, the NRA would be further increased by        one month for those attaining age 62 in every other year after 2022.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)                                                                                                                                                                                                                                                                                                                                                                                              |
| C8     | Gradually raise the earliest eligibility age (EEA)        for Social Security retirement benefits        from 62 to 65.  The EEA would be increased by 2 months for        individuals reaching age 62 in every year, starting in 2010.        The EEA of 65 would apply for those reaching age 62 in 2027        and later (those reaching age 65 in 2030 and later).  As under        current law, the PIA formula applicable for any individual        would depend on the year in which eligibility age is attained.        It should be noted that the elimination of retirement        eligibility between ages 62 and 65 would increase the number        of individuals who would apply for disabled worker benefits        at those ages.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version) |
| C9     | Shorten the hiatus in the NRA by 5 years, that is, start increasing        the NRA from 66 to 67 for individuals age 62 in 2012, rather than        in 2017.  Beginning for those age 62 in 2012, increase the EEA and        NRA for retired worker benefits by 2 months per year until the EEA        reaches age 63 and the NRA reaches age 67 for those attaining age 62        in 2017.  Thereafter, increase both EEA and NRA by 1 month every 2        years.  Finally, increase the earliest eligibility age for disabled        widow(er)s and aged widow(er)s at the same rate as the increase in        the EEA for retired worker benefits.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)Related memorandum                                                                             |
| C10    | Starting in 2012, convert all disabled worker beneficiaries to        retired worker status upon attainment of their EEA (rather than        their NRA).  After conversion, apply the early retirement reduction        for retirement at EEA (currently 25%) times the ratio of years after        2011 (or years after attaining age 21, if later) and before        attaining age 62, to 40.  Medicare eligibility would be extended        to age 65 on the basis of disability.  After 2011, disability        applications would not be accepted for benefit entitlement that        would start at ages over EEA.              Summary measures and graphs         (PDF version)       Detailed single year tables         (PDF version)Related memorandum                                                                                                            |
|        | Above provisions        Summary measures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

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