Proposed Provision: Starting December 2016, 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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 281 |
2018 | 264 | 266 |
2019 | 248 | 251 |
2020 | 233 | 237 |
2021 | 219 | 224 |
2022 | 204 | 211 |
2023 | 189 | 197 |
2024 | 173 | 183 |
2025 | 157 | 169 |
2026 | 142 | 156 |
2027 | 126 | 142 |
2028 | 110 | 128 |
2029 | 94 | 114 |
2030 | 77 | 100 |
2031 | 60 | 85 |
2032 | 42 | 69 |
2033 | 23 | 53 |
2034 | 4 | 37 |
2035 | -16 | 20 |
2036 | -36 | 3 |
2037 | -57 | -15 |
2038 | -78 | -33 |
2039 | -100 | -51 |
2040 | -122 | -69 |
2041 | -144 | -88 |
2042 | -166 | -106 |
2043 | -189 | -125 |
2044 | -211 | -143 |
2045 | -234 | -162 |
2046 | -257 | -181 |
2047 | -280 | -200 |
2048 | -303 | -219 |
2049 | -327 | -239 |
2050 | -351 | -258 |
2051 | -375 | -278 |
2052 | -398 | -297 |
2053 | -423 | -317 |
2054 | -447 | -337 |
2055 | -472 | -357 |
2056 | -496 | -378 |
2057 | -522 | -399 |
2058 | -548 | -420 |
2059 | -574 | -442 |
2060 | -601 | -465 |
2061 | -629 | -488 |
2062 | -657 | -511 |
2063 | -685 | -535 |
2064 | -714 | -560 |
2065 | -744 | -585 |
2066 | -774 | -610 |
2067 | -804 | -636 |
2068 | -835 | -662 |
2069 | -867 | -689 |
2070 | -899 | -716 |
2071 | -932 | -744 |
2072 | -965 | -773 |
2073 | -1000 | -802 |
2074 | -1035 | -832 |
2075 | -1072 | -863 |
2076 | -1110 | -895 |
2077 | -1148 | -928 |
2078 | -1188 | -962 |
2079 | -1228 | -996 |
2080 | -1268 | -1030 |
2081 | -1309 | -1065 |
2082 | -1350 | -1100 |
2083 | -1391 | -1134 |
2084 | -1432 | -1169 |
2085 | -1472 | -1204 |
2086 | -1514 | -1239 |
2087 | -1555 | -1274 |
2088 | -1597 | -1310 |
2089 | -1640 | -1346 |
2090 | -1683 | -1383 |
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