Proposed Provision: Starting December 2016, 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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 283 |
2018 | 264 | 270 |
2019 | 248 | 257 |
2020 | 233 | 246 |
2021 | 219 | 236 |
2022 | 204 | 226 |
2023 | 189 | 216 |
2024 | 173 | 206 |
2025 | 157 | 196 |
2026 | 142 | 187 |
2027 | 126 | 178 |
2028 | 110 | 169 |
2029 | 94 | 160 |
2030 | 77 | 151 |
2031 | 60 | 142 |
2032 | 42 | 132 |
2033 | 23 | 123 |
2034 | 4 | 113 |
2035 | -16 | 103 |
2036 | -36 | 93 |
2037 | -57 | 82 |
2038 | -78 | 72 |
2039 | -100 | 62 |
2040 | -122 | 51 |
2041 | -144 | 41 |
2042 | -166 | 31 |
2043 | -189 | 21 |
2044 | -211 | 12 |
2045 | -234 | 2 |
2046 | -257 | -8 |
2047 | -280 | -17 |
2048 | -303 | -27 |
2049 | -327 | -37 |
2050 | -351 | -47 |
2051 | -375 | -56 |
2052 | -398 | -66 |
2053 | -423 | -76 |
2054 | -447 | -87 |
2055 | -472 | -97 |
2056 | -496 | -108 |
2057 | -522 | -120 |
2058 | -548 | -131 |
2059 | -574 | -143 |
2060 | -601 | -156 |
2061 | -629 | -169 |
2062 | -657 | -182 |
2063 | -685 | -196 |
2064 | -714 | -210 |
2065 | -744 | -224 |
2066 | -774 | -239 |
2067 | -804 | -254 |
2068 | -835 | -269 |
2069 | -867 | -285 |
2070 | -899 | -301 |
2071 | -932 | -318 |
2072 | -965 | -335 |
2073 | -1000 | -353 |
2074 | -1035 | -371 |
2075 | -1072 | -390 |
2076 | -1110 | -409 |
2077 | -1148 | -429 |
2078 | -1188 | -449 |
2079 | -1228 | -469 |
2080 | -1268 | -490 |
2081 | -1309 | -510 |
2082 | -1350 | -531 |
2083 | -1391 | -551 |
2084 | -1432 | -572 |
2085 | -1472 | -593 |
2086 | -1514 | -614 |
2087 | -1555 | -635 |
2088 | -1597 | -657 |
2089 | -1640 | -679 |
2090 | -1683 | -702 |
back