Proposed Provision: A3. Starting December 2019, 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 |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 257 |
2021 | 239 | 241 |
2022 | 223 | 225 |
2023 | 206 | 209 |
2024 | 188 | 193 |
2025 | 171 | 178 |
2026 | 154 | 162 |
2027 | 137 | 147 |
2028 | 120 | 132 |
2029 | 104 | 117 |
2030 | 86 | 102 |
2031 | 69 | 86 |
2032 | 51 | 71 |
2033 | 33 | 55 |
2034 | 14 | 38 |
2035 | -5 | 22 |
2036 | -25 | 4 |
2037 | -46 | -13 |
2038 | -67 | -31 |
2039 | -88 | -49 |
2040 | -110 | -68 |
2041 | -132 | -87 |
2042 | -154 | -105 |
2043 | -176 | -124 |
2044 | -199 | -143 |
2045 | -221 | -162 |
2046 | -244 | -181 |
2047 | -267 | -199 |
2048 | -289 | -218 |
2049 | -312 | -237 |
2050 | -335 | -255 |
2051 | -358 | -274 |
2052 | -381 | -293 |
2053 | -403 | -312 |
2054 | -426 | -330 |
2055 | -450 | -349 |
2056 | -473 | -369 |
2057 | -496 | -388 |
2058 | -520 | -407 |
2059 | -544 | -427 |
2060 | -569 | -448 |
2061 | -594 | -468 |
2062 | -619 | -490 |
2063 | -645 | -511 |
2064 | -671 | -533 |
2065 | -698 | -556 |
2066 | -725 | -578 |
2067 | -752 | -602 |
2068 | -780 | -625 |
2069 | -808 | -649 |
2070 | -837 | -673 |
2071 | -866 | -698 |
2072 | -896 | -724 |
2073 | -927 | -750 |
2074 | -958 | -776 |
2075 | -990 | -803 |
2076 | -1023 | -831 |
2077 | -1057 | -860 |
2078 | -1092 | -890 |
2079 | -1128 | -921 |
2080 | -1165 | -952 |
2081 | -1202 | -984 |
2082 | -1240 | -1015 |
2083 | -1278 | -1048 |
2084 | -1316 | -1080 |
2085 | -1354 | -1112 |
2086 | -1392 | -1145 |
2087 | -1430 | -1177 |
2088 | -1468 | -1208 |
2089 | -1505 | -1240 |
2090 | -1543 | -1272 |
2091 | -1580 | -1303 |
2092 | -1618 | -1335 |
2093 | -1655 | -1367 |
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