Description of Proposed Provision:
A2: Starting December 2019, reduce the annual COLA by 0.5 percentage point.

Financial Estimates for the OASDI Trust Fund Program

  Proposal   Change from Current Law
  Expressed as a percentage of
current-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
current-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201813.8112.64-1.17
288
0.000.000.00
201913.9512.87-1.08
272
0.000.000.00
202014.0612.89-1.17
257
-0.07-0.000.06
202114.1412.91-1.22
242
-0.14-0.010.13
202214.2312.94-1.30
227
-0.20-0.010.19
202314.3512.95-1.40
212
-0.27-0.010.26
202414.4712.98-1.49
197
-0.34-0.010.32
202514.5812.99-1.59
182
-0.40-0.020.38
202614.7013.11-1.59
167
-0.46-0.020.44
202714.8413.13-1.71
153
-0.52-0.030.50
202815.0013.14-1.86
140
-0.58-0.030.55
202915.1513.15-2.00
126
-0.64-0.030.61
203015.2913.16-2.12
112
-0.70-0.040.66
203115.4113.18-2.24
98
-0.75-0.040.71
203215.5213.18-2.34
84
-0.80-0.040.75
203315.6113.19-2.42
70
-0.84-0.050.80
203415.6813.20-2.48
55
-0.89-0.050.84
203515.7313.20-2.52
40
-0.93-0.050.87
203615.7613.21-2.55
25
-0.96-0.050.91
203715.7913.21-2.58
9
-1.00-0.060.94
203815.8013.21-2.58
----
-1.03-0.060.97
203915.7813.21-2.57
----
-1.05-0.060.99
204015.7513.21-2.54
----
-1.08-0.061.02
204115.7113.21-2.50
----
-1.10-0.061.04
204215.6613.21-2.45
----
-1.11-0.061.05
204315.6113.21-2.40
----
-1.13-0.061.06
204415.5613.21-2.35
----
-1.14-0.061.07
204515.5113.20-2.31
----
-1.15-0.061.08
204615.4713.20-2.27
----
-1.15-0.071.09
204715.4413.20-2.24
----
-1.16-0.071.09
204815.4113.20-2.21
----
-1.16-0.071.10
204915.3913.20-2.19
----
-1.17-0.071.10
205015.3713.20-2.17
----
-1.17-0.071.10
205115.3613.20-2.16
----
-1.17-0.071.10
205215.3613.20-2.16
----
-1.17-0.071.10
205315.3713.20-2.17
----
-1.17-0.071.10
205415.3913.21-2.18
----
-1.17-0.071.11
205515.4213.21-2.21
----
-1.17-0.071.11
205615.4513.21-2.24
----
-1.18-0.071.11
205715.4913.22-2.27
----
-1.18-0.071.11
205815.5313.22-2.31
----
-1.18-0.071.11
205915.5813.22-2.35
----
-1.18-0.071.12
206015.6213.23-2.39
----
-1.19-0.071.12
206115.6613.23-2.43
----
-1.19-0.071.13
206215.7113.23-2.48
----
-1.20-0.071.13
206315.7613.24-2.52
----
-1.21-0.071.14
206415.8013.24-2.56
----
-1.21-0.071.14
206515.8513.24-2.61
----
-1.22-0.071.15
206615.9013.25-2.65
----
-1.23-0.071.15
206715.9513.25-2.70
----
-1.23-0.071.16
206816.0013.26-2.75
----
-1.24-0.071.17
206916.0613.26-2.80
----
-1.25-0.071.17
207016.1113.26-2.85
----
-1.25-0.071.18
207116.1613.27-2.89
----
-1.26-0.071.19
207216.2013.27-2.93
----
-1.27-0.071.19
207316.2413.27-2.97
----
-1.27-0.071.20
207416.2713.28-3.00
----
-1.28-0.071.21
207516.3013.28-3.02
----
-1.29-0.071.21
207616.3213.28-3.04
----
-1.29-0.081.22
207716.3313.28-3.05
----
-1.30-0.081.22
207816.3213.28-3.04
----
-1.30-0.081.23
207916.3113.28-3.03
----
-1.31-0.081.23
208016.3013.28-3.02
----
-1.31-0.081.23
208116.2813.28-3.00
----
-1.31-0.081.24
208216.2613.28-2.98
----
-1.31-0.081.24
208316.2413.28-2.96
----
-1.32-0.081.24
208416.2213.27-2.95
----
-1.32-0.081.24
208516.2113.27-2.94
----
-1.32-0.081.24
208616.2113.27-2.93
----
-1.32-0.081.24
208716.2113.27-2.94
----
-1.32-0.081.24
208816.2213.27-2.95
----
-1.32-0.081.25
208916.2413.28-2.97
----
-1.33-0.081.25
209016.2713.28-2.99
----
-1.33-0.081.25
209116.3113.28-3.03
----
-1.33-0.081.25
209216.3513.28-3.06
----
-1.33-0.081.25
209316.3913.29-3.10
----
-1.33-0.081.26


Summarized Estimates

  Proposal   Change from Current Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
2018-2092 15.68% 13.79% -1.90%
2037
-1.00% -0.06% 0.94%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2018 Trustees Report.