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| Retirement Age | Description of Proposed Provision:      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. |
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       Financial Estimates for the OASDI Trust Fund Program                Percentage of taxable payroll           Trust fund ratio as of January 1            OASDI taxable payroll(in billions of dollars)           Calendaryear           Costrate           Incomerate           Annualbalance           With thisprovision           Presentlaw           Percentageincrease200811.2012.771.573595,5675,5670.0200911.2612.811.543695,8595,8590.0201011.3712.821.463786,1556,1550.0201111.5312.841.313866,4496,4490.0201211.7612.871.113926,7466,7460.0201312.0312.900.873947,0557,0550.0201412.3212.920.603957,3737,3730.0201512.6212.940.323937,7017,7010.0201612.9212.960.043908,0398,0390.0201713.2412.99-0.253858,3908,3900.0201813.5413.01-0.533788,7598,7590.0201913.8413.03-0.813719,1429,1420.0202014.1413.04-1.093619,5399,5390.0202114.4213.06-1.363519,9529,9520.0202214.6913.08-1.6134110,38110,3810.0202314.9513.10-1.8532910,82710,8270.0202415.1913.11-2.0831611,29311,2930.0202515.4213.13-2.3030211,77811,7770.0202615.6313.14-2.4928812,28412,2840.0202715.8313.16-2.6827312,81112,8100.0202816.0213.17-2.8525713,36213,3600.0202916.1813.18-3.0024013,93913,9370.0203016.3213.19-3.1322314,54214,5390.0203116.4413.20-3.2420615,17615,1720.0203216.5313.20-3.3318815,83815,8330.0203316.6013.21-3.3917016,53416,5280.0203416.6413.21-3.4315217,26317,2570.0203516.6613.22-3.4513318,02518,0170.0203616.6713.22-3.4511418,81918,8100.0203716.6613.22-3.449519,65019,6400.0203816.6313.22-3.417620,52020,5090.1203916.5813.22-3.365721,43221,4200.1204016.5213.22-3.313822,38622,3730.1204116.4513.22-3.241923,38223,3680.1204216.3813.21-3.17----24,42424,4080.1204316.3213.21-3.11----25,51125,4940.1204416.2513.21-3.04----26,65026,6300.1204516.1913.21-2.99----27,83327,8120.1204616.1513.20-2.95----29,06729,0430.1204716.1013.20-2.90----30,35230,3270.1204816.0613.20-2.86----31,69431,6660.1204916.0113.20-2.81----33,09333,0620.1205015.9713.20-2.77----34,54834,5140.1205115.9313.19-2.73----36,06436,0280.1205215.9013.19-2.70----37,65237,6120.1205315.8713.19-2.68----39,31039,2670.1205415.8513.19-2.66----41,04040,9930.1205515.8313.19-2.64----42,84442,7930.1205615.8313.19-2.63----44,72244,6660.1205715.8213.19-2.63----46,68446,6250.1205815.8213.19-2.63----48,73448,6700.1205915.8113.19-2.62----50,87850,8090.1206015.8113.19-2.62----53,11353,0390.1206115.8213.19-2.63----55,44255,3630.1206215.8213.19-2.63----57,87757,7940.1206315.8213.19-2.63----60,42160,3310.1206415.8113.19-2.62----63,07762,9810.2206515.8013.19-2.61----65,84965,7460.2206615.7813.19-2.59----68,73968,6260.2206715.7613.19-2.57----71,75671,6350.2206815.7713.19-2.57----74,90774,7780.2206915.7813.19-2.59----78,18978,0520.2207015.8113.19-2.62----81,60481,4600.2207115.8713.20-2.67----85,16585,0140.2207215.9113.20-2.71----88,89088,7340.2207315.9613.20-2.76----92,77692,6130.2207416.0113.21-2.80----96,82796,6560.2207516.0513.21-2.84----101,054100,8750.2207616.0913.21-2.88----105,455105,2680.2207716.1313.21-2.92----110,048109,8530.2207816.1813.21-2.96----114,829114,6250.2207916.2213.22-3.00----119,817119,6040.2208016.2613.22-3.04----125,020124,7940.2208116.3013.22-3.08----130,490130,2120.2208216.3413.22-3.12----136,171135,8620.2208316.3813.23-3.16----142,078141,7560.2208416.4213.23-3.20----148,248147,9120.2208516.4713.23-3.24----154,632154,3500.2Summarized RatesYearsCostrateIncomerateActuarialbalance         Change inactuarialbalance2008-208215.24%13.91%-1.32%0.37% Privacy Policy      | Website Policies        & Other Important Information      | Site Map     Last reviewed or modified August 11, 2008