Proposed Provision: A7. Starting December 2019, 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 |
Current Law |
Provision |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 258 |
2021 | 239 | 245 |
2022 | 223 | 231 |
2023 | 206 | 218 |
2024 | 188 | 205 |
2025 | 171 | 192 |
2026 | 154 | 180 |
2027 | 137 | 168 |
2028 | 120 | 157 |
2029 | 104 | 146 |
2030 | 86 | 135 |
2031 | 69 | 125 |
2032 | 51 | 114 |
2033 | 33 | 104 |
2034 | 14 | 94 |
2035 | -5 | 83 |
2036 | -25 | 72 |
2037 | -46 | 61 |
2038 | -67 | 50 |
2039 | -88 | 39 |
2040 | -110 | 28 |
2041 | -132 | 17 |
2042 | -154 | 6 |
2043 | -176 | -4 |
2044 | -199 | -14 |
2045 | -221 | -24 |
2046 | -244 | -34 |
2047 | -267 | -44 |
2048 | -289 | -54 |
2049 | -312 | -63 |
2050 | -335 | -73 |
2051 | -358 | -82 |
2052 | -381 | -92 |
2053 | -403 | -101 |
2054 | -426 | -111 |
2055 | -450 | -120 |
2056 | -473 | -130 |
2057 | -496 | -140 |
2058 | -520 | -151 |
2059 | -544 | -161 |
2060 | -569 | -172 |
2061 | -594 | -184 |
2062 | -619 | -195 |
2063 | -645 | -207 |
2064 | -671 | -219 |
2065 | -698 | -232 |
2066 | -725 | -245 |
2067 | -752 | -258 |
2068 | -780 | -272 |
2069 | -808 | -286 |
2070 | -837 | -300 |
2071 | -866 | -315 |
2072 | -896 | -330 |
2073 | -927 | -346 |
2074 | -958 | -362 |
2075 | -990 | -378 |
2076 | -1023 | -395 |
2077 | -1057 | -412 |
2078 | -1092 | -430 |
2079 | -1128 | -448 |
2080 | -1165 | -467 |
2081 | -1202 | -485 |
2082 | -1240 | -504 |
2083 | -1278 | -523 |
2084 | -1316 | -542 |
2085 | -1354 | -561 |
2086 | -1392 | -580 |
2087 | -1430 | -598 |
2088 | -1468 | -617 |
2089 | -1505 | -635 |
2090 | -1543 | -654 |
2091 | -1580 | -672 |
2092 | -1618 | -691 |
2093 | -1655 | -710 |
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