Proposed Provision: A4. Starting December 2027, 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. The new COLA will not apply to DI benefits. It will apply to OASI benefits, except for those of formerly disabled-workers who converted to retired-worker status.

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

Year Current Law Provision
2024188188
2025171171
2026152152
2027134134
2028117118
2029101101
20308486
20316870
20325355
20333741
20342227
2035713
2036-9-2
2037-26-17
2038-43-32
2039-60-48
2040-78-64
2041-96-81
2042-115-97
2043-135-115
2044-154-132
2045-174-150
2046-194-167
2047-215-185
2048-235-203
2049-256-222
2050-277-240
2051-299-259
2052-320-277
2053-342-296
2054-364-316
2055-386-335
2056-409-355
2057-431-375
2058-455-396
2059-478-416
2060-502-438
2061-527-460
2062-553-482
2063-579-506
2064-605-529
2065-632-553
2066-660-578
2067-688-603
2068-716-628
2069-745-654
2070-774-680
2071-803-707
2072-834-734
2073-864-761
2074-895-789
2075-927-818
2076-960-847
2077-993-878
2078-1027-908
2079-1062-940
2080-1098-972
2081-1134-1005
2082-1172-1039
2083-1209-1073
2084-1248-1107
2085-1287-1143
2086-1327-1179
2087-1368-1215
2088-1409-1252
2089-1450-1289
2090-1491-1326
2091-1532-1362
2092-1573-1398
2093-1612-1433
2094-1651-1468
2095-1689-1502
2096-1727-1535
2097-1764-1568
2098-1801-1601
2099-1838-1633
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