Gradually raise the age of Social Security to 70

Three quarters of a century after its creation, we must renew the promise of Social Security for
the century ahead. When Franklin Roosevelt signed Social Security into law, average life
expectancy was 64 and the earliest retirement age in Social Security was 65.
To account for increasing life expectancy, we must index the retirement age to gains in longevity. The effect of this is roughly equivalent to adjusting the
retirement ages by one month every two years after the NRA reaches age 67 under current
law. At this pace, the NRA would reach 68 in about 2040, and 69 in about 2065; the Early
Eligibility Age (EEA) would increase to 63 and 64 in step.