Proposed Provision: A3. Starting December 2022, compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). We estimate this new computation will reduce the annual COLA by about 0.3 percentage point, on average.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196197
2025178180
2026159163
2027141146
2028122128
2029104111
20308593
20316676
20324658
20332741
2034723
2035-135
2036-33-13
2037-54-32
2038-76-50
2039-97-69
2040-119-89
2041-142-108
2042-165-128
2043-188-148
2044-211-168
2045-235-188
2046-258-209
2047-282-229
2048-306-250
2049-330-270
2050-354-291
2051-378-312
2052-403-332
2053-427-353
2054-452-375
2055-477-396
2056-502-417
2057-527-439
2058-552-460
2059-578-482
2060-604-505
2061-630-527
2062-657-550
2063-684-574
2064-712-598
2065-740-622
2066-768-647
2067-796-672
2068-825-697
2069-855-723
2070-884-748
2071-914-775
2072-945-801
2073-976-828
2074-1007-856
2075-1039-884
2076-1071-912
2077-1105-942
2078-1139-972
2079-1175-1003
2080-1211-1035
2081-1248-1067
2082-1286-1100
2083-1324-1134
2084-1363-1168
2085-1403-1203
2086-1443-1237
2087-1483-1272
2088-1524-1308
2089-1564-1343
2090-1604-1377
2091-1643-1411
2092-1681-1443
2093-1718-1475
2094-1754-1506
2095-1789-1536
2096-1825-1566
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