Proposed Provision: Starting December 2013, reduce the annual COLA by 1 percentage point, but not to less than zero. In cases where the unreduced COLA is less than 1 percentage point, do not carry over the unused reduction into future years.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 318 |
2015 | 302 | 308 |
2016 | 290 | 300 |
2017 | 277 | 292 |
2018 | 265 | 285 |
2019 | 253 | 278 |
2020 | 240 | 270 |
2021 | 227 | 262 |
2022 | 212 | 254 |
2023 | 197 | 245 |
2024 | 181 | 235 |
2025 | 164 | 225 |
2026 | 147 | 215 |
2027 | 129 | 204 |
2028 | 110 | 193 |
2029 | 90 | 181 |
2030 | 70 | 169 |
2031 | 49 | 156 |
2032 | 27 | 143 |
2033 | 5 | 130 |
2034 | -18 | 117 |
2035 | -41 | 104 |
2036 | -65 | 90 |
2037 | -89 | 77 |
2038 | -114 | 64 |
2039 | -138 | 50 |
2040 | -163 | 37 |
2041 | -189 | 24 |
2042 | -215 | 11 |
2043 | -240 | -2 |
2044 | -266 | -15 |
2045 | -292 | -28 |
2046 | -319 | -41 |
2047 | -346 | -54 |
2048 | -373 | -68 |
2049 | -400 | -81 |
2050 | -428 | -94 |
2051 | -456 | -107 |
2052 | -484 | -121 |
2053 | -512 | -134 |
2054 | -540 | -148 |
2055 | -569 | -162 |
2056 | -598 | -176 |
2057 | -628 | -190 |
2058 | -657 | -205 |
2059 | -688 | -219 |
2060 | -719 | -235 |
2061 | -750 | -250 |
2062 | -782 | -266 |
2063 | -814 | -281 |
2064 | -847 | -297 |
2065 | -880 | -313 |
2066 | -913 | -330 |
2067 | -946 | -346 |
2068 | -980 | -363 |
2069 | -1014 | -380 |
2070 | -1049 | -397 |
2071 | -1084 | -415 |
2072 | -1120 | -432 |
2073 | -1156 | -451 |
2074 | -1193 | -469 |
2075 | -1230 | -488 |
2076 | -1268 | -507 |
2077 | -1307 | -527 |
2078 | -1346 | -547 |
2079 | -1385 | -567 |
2080 | -1425 | -587 |
2081 | -1465 | -608 |
2082 | -1505 | -629 |
2083 | -1547 | -650 |
2084 | -1588 | -672 |
2085 | -1631 | -694 |
2086 | -1673 | -716 |
2087 | -1717 | -739 |
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