Description of 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.

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
202014.0012.89-1.11
258
-0.13-0.000.12
202114.0212.91-1.11
245
-0.25-0.010.24
202214.0612.93-1.13
231
-0.38-0.020.36
202314.1212.94-1.17
218
-0.50-0.020.48
202414.1812.97-1.21
205
-0.62-0.030.60
202514.2412.98-1.26
192
-0.74-0.030.71
202614.3013.09-1.21
180
-0.86-0.040.81
202714.4013.10-1.29
168
-0.97-0.050.92
202814.5113.11-1.39
157
-1.08-0.061.02
202914.6113.13-1.49
146
-1.18-0.061.12
203014.7013.13-1.57
135
-1.28-0.071.21
203114.7913.14-1.64
125
-1.37-0.071.30
203214.8613.15-1.71
114
-1.46-0.081.38
203314.9113.15-1.75
104
-1.54-0.081.46
203414.9513.16-1.79
94
-1.62-0.091.53
203514.9613.16-1.80
83
-1.69-0.091.60
203614.9713.16-1.81
72
-1.75-0.101.66
203714.9713.17-1.81
61
-1.81-0.101.71
203814.9613.17-1.79
50
-1.87-0.101.76
203914.9213.17-1.75
39
-1.91-0.111.81
204014.8813.16-1.71
28
-1.95-0.111.84
204114.8213.16-1.66
17
-1.99-0.111.88
204214.7613.16-1.60
6
-2.02-0.111.90
204314.7013.16-1.54
----
-2.04-0.111.92
204414.6413.15-1.48
----
-2.06-0.121.94
204514.5913.15-1.44
----
-2.07-0.121.95
204614.5513.15-1.39
----
-2.08-0.121.97
204714.5113.15-1.36
----
-2.09-0.121.97
204814.4813.15-1.33
----
-2.10-0.121.98
204914.4513.15-1.31
----
-2.10-0.121.98
205014.4413.15-1.29
----
-2.10-0.121.98
205114.4313.15-1.28
----
-2.11-0.121.99
205214.4313.15-1.28
----
-2.11-0.121.99
205314.4313.15-1.28
----
-2.11-0.121.99
205414.4513.15-1.30
----
-2.11-0.121.99
205514.4813.16-1.32
----
-2.11-0.121.99
205614.5113.16-1.35
----
-2.12-0.122.00
205714.5413.16-1.38
----
-2.12-0.122.00
205814.5913.17-1.42
----
-2.13-0.122.01
205914.6313.17-1.46
----
-2.13-0.122.01
206014.6713.17-1.49
----
-2.14-0.122.02
206114.7113.18-1.53
----
-2.15-0.122.03
206214.7513.18-1.57
----
-2.16-0.122.04
206314.7913.18-1.61
----
-2.17-0.122.05
206414.8313.19-1.65
----
-2.18-0.132.06
206514.8813.19-1.69
----
-2.19-0.132.07
206614.9213.19-1.73
----
-2.21-0.132.08
206714.9713.19-1.77
----
-2.22-0.132.09
206815.0113.20-1.81
----
-2.23-0.132.10
206915.0613.20-1.86
----
-2.24-0.132.11
207015.1113.20-1.90
----
-2.26-0.132.13
207115.1513.21-1.94
----
-2.27-0.132.14
207215.1913.21-1.98
----
-2.28-0.132.15
207315.2213.21-2.01
----
-2.29-0.132.16
207415.2513.22-2.03
----
-2.30-0.132.17
207515.2713.22-2.05
----
-2.32-0.132.18
207615.2913.22-2.07
----
-2.33-0.142.19
207715.2913.22-2.07
----
-2.33-0.142.20
207815.2813.22-2.06
----
-2.34-0.142.21
207915.2713.22-2.05
----
-2.35-0.142.21
208015.2513.22-2.03
----
-2.35-0.142.22
208115.2313.22-2.01
----
-2.36-0.142.22
208215.2113.22-1.99
----
-2.36-0.142.22
208315.1913.21-1.97
----
-2.37-0.142.23
208415.1713.21-1.96
----
-2.37-0.142.23
208515.1613.21-1.95
----
-2.37-0.142.23
208615.1613.21-1.94
----
-2.37-0.142.23
208715.1613.21-1.95
----
-2.37-0.142.24
208815.1713.21-1.96
----
-2.38-0.142.24
208915.1913.21-1.97
----
-2.38-0.142.24
209015.2213.22-2.00
----
-2.38-0.142.24
209115.2513.22-2.03
----
-2.39-0.142.25
209215.2913.22-2.07
----
-2.39-0.142.25
209315.3313.22-2.10
----
-2.40-0.142.26


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 14.88% 13.74% -1.13%
2042
-1.81% -0.10% 1.71%

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