Proposed Provision: A9. For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross income (MAGI) below $89,000 and for joint filers with MAGI below $178,000 for December 2020 ($85,000 and $170,000 multiplied by estimated CPI-U for 2019-2020), use the chain-weighted version of the Consumer Price Index for All Urban Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2020 COLA. For those beneficiaries whose MAGI is above these thresholds, provide no COLA. Use prior tax year income data for this determination. Index the eligibility income threshold amounts to the CPI-U after December 2020.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2018288288
2019272272
2020256256
2021239241
2022223225
2023206210
2024188195
2025171180
2026154165
2027137151
2028120137
2029104123
203086110
20316996
20325182
20333368
20341454
2035-539
2036-2525
2037-4610
2038-67-6
2039-88-21
2040-110-36
2041-132-52
2042-154-67
2043-176-83
2044-199-98
2045-221-113
2046-244-128
2047-267-142
2048-289-157
2049-312-171
2050-335-185
2051-358-200
2052-381-214
2053-403-228
2054-426-242
2055-450-256
2056-473-270
2057-496-284
2058-520-298
2059-544-313
2060-569-328
2061-594-343
2062-619-359
2063-645-375
2064-671-391
2065-698-408
2066-725-424
2067-752-441
2068-780-459
2069-808-476
2070-837-494
2071-866-512
2072-896-531
2073-927-550
2074-958-570
2075-990-590
2076-1023-610
2077-1057-631
2078-1092-653
2079-1128-675
2080-1165-698
2081-1202-720
2082-1240-743
2083-1278-766
2084-1316-789
2085-1354-811
2086-1392-834
2087-1430-856
2088-1468-877
2089-1505-899
2090-1543-921
2091-1580-942
2092-1618-963
2093-1655-985
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