Here is a function that allows you to do this:
library(lubridate)
x <- mdy(c("1/2/54","1/2/68","1/2/69","1/2/99","1/2/04"))
foo <- function(x, year=1968){
m <- year(x) %% 100
year(x) <- ifelse(m > year %% 100, 1900+m, 2000+m)
x
}
Try it out:
x
[1] "2054-01-02 UTC" "2068-01-02 UTC" "1969-01-02 UTC" "1999-01-02 UTC"
[5] "2004-01-02 UTC"
foo(x)
[1] "2054-01-02 UTC" "2068-01-02 UTC" "1969-01-02 UTC" "1999-01-02 UTC"
[5] "2004-01-02 UTC"
foo(x, 1950)
[1] "1954-01-02 UTC" "1968-01-02 UTC" "1969-01-02 UTC" "1999-01-02 UTC"
[5] "2004-01-02 UTC"
The bit of magic here is to use the modulus operator %%
to return the fraction part of a division. So 1968 %% 100
yields 68.