Proposed Provision: Starting with the December 2012 cost-of-living adjustment (COLA), compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). This new computation is estimated to result in an annual COLA that is 0.3 percentage point less, on average.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 350 |
2013 | 346 | 346 |
2014 | 341 | 343 |
2015 | 335 | 339 |
2016 | 330 | 335 |
2017 | 324 | 330 |
2018 | 317 | 325 |
2019 | 309 | 319 |
2020 | 299 | 312 |
2021 | 289 | 303 |
2022 | 277 | 294 |
2023 | 264 | 283 |
2024 | 251 | 272 |
2025 | 237 | 260 |
2026 | 221 | 247 |
2027 | 205 | 234 |
2028 | 189 | 220 |
2029 | 171 | 205 |
2030 | 154 | 190 |
2031 | 136 | 175 |
2032 | 117 | 159 |
2033 | 98 | 143 |
2034 | 79 | 127 |
2035 | 59 | 111 |
2036 | 39 | 94 |
2037 | 19 | 78 |
2038 | -1 | 61 |
2039 | -21 | 44 |
2040 | -42 | 28 |
2041 | -63 | 11 |
2042 | -84 | -6 |
2043 | -105 | -22 |
2044 | -126 | -39 |
2045 | -147 | -56 |
2046 | -168 | -73 |
2047 | -189 | -90 |
2048 | -211 | -107 |
2049 | -233 | -124 |
2050 | -255 | -141 |
2051 | -277 | -159 |
2052 | -299 | -176 |
2053 | -321 | -194 |
2054 | -344 | -212 |
2055 | -366 | -230 |
2056 | -389 | -248 |
2057 | -412 | -266 |
2058 | -436 | -285 |
2059 | -460 | -304 |
2060 | -485 | -324 |
2061 | -509 | -344 |
2062 | -534 | -364 |
2063 | -560 | -384 |
2064 | -586 | -405 |
2065 | -612 | -426 |
2066 | -638 | -447 |
2067 | -665 | -469 |
2068 | -692 | -491 |
2069 | -720 | -513 |
2070 | -748 | -536 |
2071 | -776 | -559 |
2072 | -805 | -583 |
2073 | -834 | -606 |
2074 | -864 | -631 |
2075 | -894 | -656 |
2076 | -925 | -681 |
2077 | -957 | -707 |
2078 | -989 | -733 |
2079 | -1021 | -759 |
2080 | -1054 | -787 |
2081 | -1087 | -814 |
2082 | -1121 | -842 |
2083 | -1156 | -871 |
2084 | -1191 | -900 |
2085 | -1227 | -930 |
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