Proposed Provision: Starting December 2014, 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 |
Present Law |
Provision |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 302 |
2016 | 286 | 287 |
2017 | 271 | 274 |
2018 | 257 | 262 |
2019 | 244 | 250 |
2020 | 231 | 238 |
2021 | 218 | 227 |
2022 | 204 | 214 |
2023 | 189 | 201 |
2024 | 173 | 188 |
2025 | 158 | 174 |
2026 | 142 | 160 |
2027 | 125 | 146 |
2028 | 108 | 131 |
2029 | 90 | 115 |
2030 | 71 | 99 |
2031 | 52 | 82 |
2032 | 31 | 65 |
2033 | 11 | 47 |
2034 | -11 | 29 |
2035 | -32 | 10 |
2036 | -55 | -9 |
2037 | -78 | -29 |
2038 | -101 | -49 |
2039 | -124 | -69 |
2040 | -148 | -89 |
2041 | -172 | -109 |
2042 | -196 | -129 |
2043 | -220 | -150 |
2044 | -245 | -170 |
2045 | -269 | -191 |
2046 | -294 | -211 |
2047 | -319 | -232 |
2048 | -345 | -253 |
2049 | -371 | -275 |
2050 | -397 | -296 |
2051 | -423 | -318 |
2052 | -449 | -340 |
2053 | -476 | -362 |
2054 | -502 | -384 |
2055 | -530 | -407 |
2056 | -557 | -430 |
2057 | -585 | -453 |
2058 | -613 | -477 |
2059 | -642 | -501 |
2060 | -671 | -526 |
2061 | -701 | -551 |
2062 | -732 | -577 |
2063 | -763 | -603 |
2064 | -794 | -630 |
2065 | -826 | -657 |
2066 | -859 | -684 |
2067 | -892 | -712 |
2068 | -925 | -741 |
2069 | -959 | -770 |
2070 | -993 | -799 |
2071 | -1028 | -829 |
2072 | -1064 | -860 |
2073 | -1101 | -891 |
2074 | -1139 | -924 |
2075 | -1178 | -957 |
2076 | -1217 | -991 |
2077 | -1258 | -1025 |
2078 | -1299 | -1060 |
2079 | -1340 | -1096 |
2080 | -1382 | -1131 |
2081 | -1424 | -1167 |
2082 | -1466 | -1203 |
2083 | -1508 | -1238 |
2084 | -1550 | -1274 |
2085 | -1592 | -1311 |
2086 | -1635 | -1347 |
2087 | -1678 | -1384 |
2088 | -1722 | -1422 |
back