Proposed Provision: A3. Starting December 2018, 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 |
Current Law |
Provision |
2017 | 298 | 298 |
2018 | 287 | 287 |
2019 | 273 | 274 |
2020 | 259 | 260 |
2021 | 245 | 248 |
2022 | 230 | 234 |
2023 | 215 | 220 |
2024 | 199 | 206 |
2025 | 182 | 191 |
2026 | 165 | 175 |
2027 | 148 | 160 |
2028 | 130 | 144 |
2029 | 112 | 128 |
2030 | 94 | 112 |
2031 | 75 | 95 |
2032 | 56 | 79 |
2033 | 37 | 61 |
2034 | 16 | 44 |
2035 | -4 | 26 |
2036 | -26 | 7 |
2037 | -47 | -12 |
2038 | -70 | -31 |
2039 | -92 | -50 |
2040 | -115 | -70 |
2041 | -138 | -89 |
2042 | -161 | -109 |
2043 | -184 | -128 |
2044 | -207 | -148 |
2045 | -230 | -167 |
2046 | -253 | -186 |
2047 | -276 | -205 |
2048 | -300 | -224 |
2049 | -323 | -244 |
2050 | -346 | -263 |
2051 | -370 | -282 |
2052 | -393 | -301 |
2053 | -417 | -321 |
2054 | -440 | -340 |
2055 | -464 | -359 |
2056 | -487 | -379 |
2057 | -511 | -399 |
2058 | -536 | -419 |
2059 | -560 | -439 |
2060 | -585 | -460 |
2061 | -611 | -482 |
2062 | -637 | -503 |
2063 | -663 | -525 |
2064 | -690 | -548 |
2065 | -717 | -571 |
2066 | -745 | -594 |
2067 | -772 | -617 |
2068 | -801 | -641 |
2069 | -829 | -665 |
2070 | -858 | -690 |
2071 | -888 | -715 |
2072 | -918 | -741 |
2073 | -949 | -768 |
2074 | -981 | -795 |
2075 | -1014 | -822 |
2076 | -1047 | -851 |
2077 | -1082 | -880 |
2078 | -1117 | -910 |
2079 | -1153 | -941 |
2080 | -1190 | -972 |
2081 | -1227 | -1003 |
2082 | -1264 | -1035 |
2083 | -1300 | -1066 |
2084 | -1337 | -1097 |
2085 | -1374 | -1128 |
2086 | -1410 | -1158 |
2087 | -1446 | -1189 |
2088 | -1483 | -1220 |
2089 | -1520 | -1252 |
2090 | -1557 | -1283 |
2091 | -1595 | -1315 |
2092 | -1633 | -1348 |
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