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 |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 256 |
2021 | 239 | 241 |
2022 | 223 | 225 |
2023 | 206 | 210 |
2024 | 188 | 195 |
2025 | 171 | 180 |
2026 | 154 | 165 |
2027 | 137 | 151 |
2028 | 120 | 137 |
2029 | 104 | 123 |
2030 | 86 | 110 |
2031 | 69 | 96 |
2032 | 51 | 82 |
2033 | 33 | 68 |
2034 | 14 | 54 |
2035 | -5 | 39 |
2036 | -25 | 25 |
2037 | -46 | 10 |
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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