Proposed Provision: Starting with the December 2012 cost-of-living adjustment (COLA), compute the COLA based on changes in the Consumer Price Index for the Elderly (CPI-E). Use of this CPI series is estimated to result in an annual COLA that is 0.2 percentage point higher, on average, than using the consumer price index for urban wage and clerical workers (CPI-W).
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Present Law |
Provision |
Present Law |
Provision |
| 2010 | 12.3 | 12.3 | 13.1 | 13.1 |
| 2011 | 12.9 | 12.9 | 13.0 | 13.0 |
| 2012 | 12.9 | 12.9 | 12.8 | 12.8 |
| 2013 | 12.9 | 12.9 | 12.8 | 12.8 |
| 2014 | 12.9 | 12.9 | 12.9 | 12.9 |
| 2015 | 12.9 | 12.9 | 13.0 | 13.0 |
| 2016 | 13.0 | 13.0 | 13.1 | 13.2 |
| 2017 | 13.0 | 13.0 | 13.3 | 13.4 |
| 2018 | 13.0 | 13.0 | 13.5 | 13.7 |
| 2019 | 13.0 | 13.0 | 13.8 | 14.0 |
| 2020 | 13.0 | 13.1 | 14.1 | 14.3 |
| 2021 | 13.1 | 13.1 | 14.5 | 14.7 |
| 2022 | 13.1 | 13.1 | 14.7 | 15.0 |
| 2023 | 13.1 | 13.1 | 15.0 | 15.3 |
| 2024 | 13.1 | 13.1 | 15.3 | 15.6 |
| 2025 | 13.1 | 13.1 | 15.5 | 15.8 |
| 2026 | 13.1 | 13.2 | 15.8 | 16.1 |
| 2027 | 13.2 | 13.2 | 16.0 | 16.3 |
| 2028 | 13.2 | 13.2 | 16.1 | 16.5 |
| 2029 | 13.2 | 13.2 | 16.3 | 16.6 |
| 2030 | 13.2 | 13.2 | 16.4 | 16.8 |
| 2031 | 13.2 | 13.2 | 16.5 | 16.9 |
| 2032 | 13.2 | 13.2 | 16.6 | 17.0 |
| 2033 | 13.2 | 13.2 | 16.7 | 17.1 |
| 2034 | 13.2 | 13.2 | 16.7 | 17.1 |
| 2035 | 13.2 | 13.2 | 16.7 | 17.2 |
| 2036 | 13.2 | 13.2 | 16.7 | 17.2 |
| 2037 | 13.2 | 13.3 | 16.7 | 17.2 |
| 2038 | 13.2 | 13.3 | 16.7 | 17.2 |
| 2039 | 13.2 | 13.3 | 16.7 | 17.1 |
| 2040 | 13.2 | 13.3 | 16.6 | 17.1 |
| 2041 | 13.2 | 13.3 | 16.6 | 17.1 |
| 2042 | 13.2 | 13.3 | 16.6 | 17.0 |
| 2043 | 13.2 | 13.3 | 16.5 | 17.0 |
| 2044 | 13.2 | 13.3 | 16.5 | 16.9 |
| 2045 | 13.2 | 13.3 | 16.4 | 16.9 |
| 2046 | 13.2 | 13.3 | 16.4 | 16.9 |
| 2047 | 13.2 | 13.3 | 16.4 | 16.9 |
| 2048 | 13.2 | 13.3 | 16.4 | 16.8 |
| 2049 | 13.2 | 13.3 | 16.4 | 16.8 |
| 2050 | 13.2 | 13.3 | 16.3 | 16.8 |
| 2051 | 13.2 | 13.3 | 16.3 | 16.8 |
| 2052 | 13.2 | 13.3 | 16.3 | 16.8 |
| 2053 | 13.2 | 13.3 | 16.3 | 16.8 |
| 2054 | 13.2 | 13.3 | 16.3 | 16.8 |
| 2055 | 13.2 | 13.3 | 16.4 | 16.8 |
| 2056 | 13.2 | 13.3 | 16.4 | 16.9 |
| 2057 | 13.2 | 13.3 | 16.4 | 16.9 |
| 2058 | 13.2 | 13.3 | 16.4 | 16.9 |
| 2059 | 13.2 | 13.3 | 16.5 | 16.9 |
| 2060 | 13.2 | 13.3 | 16.5 | 17.0 |
| 2061 | 13.2 | 13.3 | 16.5 | 17.0 |
| 2062 | 13.2 | 13.3 | 16.5 | 17.0 |
| 2063 | 13.2 | 13.3 | 16.6 | 17.0 |
| 2064 | 13.3 | 13.3 | 16.6 | 17.1 |
| 2065 | 13.3 | 13.3 | 16.6 | 17.1 |
| 2066 | 13.3 | 13.3 | 16.7 | 17.1 |
| 2067 | 13.3 | 13.3 | 16.7 | 17.2 |
| 2068 | 13.3 | 13.3 | 16.7 | 17.2 |
| 2069 | 13.3 | 13.3 | 16.8 | 17.3 |
| 2070 | 13.3 | 13.3 | 16.8 | 17.3 |
| 2071 | 13.3 | 13.3 | 16.8 | 17.3 |
| 2072 | 13.3 | 13.3 | 16.9 | 17.4 |
| 2073 | 13.3 | 13.3 | 16.9 | 17.4 |
| 2074 | 13.3 | 13.3 | 17.0 | 17.5 |
| 2075 | 13.3 | 13.3 | 17.0 | 17.5 |
| 2076 | 13.3 | 13.3 | 17.1 | 17.6 |
| 2077 | 13.3 | 13.3 | 17.1 | 17.6 |
| 2078 | 13.3 | 13.3 | 17.2 | 17.7 |
| 2079 | 13.3 | 13.3 | 17.2 | 17.7 |
| 2080 | 13.3 | 13.3 | 17.3 | 17.8 |
| 2081 | 13.3 | 13.3 | 17.3 | 17.8 |
| 2082 | 13.3 | 13.3 | 17.3 | 17.9 |
| 2083 | 13.3 | 13.3 | 17.4 | 17.9 |
| 2084 | 13.3 | 13.3 | 17.4 | 17.9 |
| 2085 | 13.3 | 13.3 | 17.5 | 18.0 |
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