Proposed Provision: A7. Starting December 2022, 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 |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 216 |
| 2024 | 196 | 200 |
| 2025 | 178 | 185 |
| 2026 | 159 | 170 |
| 2027 | 141 | 155 |
| 2028 | 122 | 141 |
| 2029 | 104 | 127 |
| 2030 | 85 | 112 |
| 2031 | 66 | 99 |
| 2032 | 46 | 85 |
| 2033 | 27 | 72 |
| 2034 | 7 | 58 |
| 2035 | -13 | 46 |
| 2036 | -33 | 33 |
| 2037 | -54 | 20 |
| 2038 | -76 | 7 |
| 2039 | -97 | -5 |
| 2040 | -119 | -18 |
| 2041 | -142 | -31 |
| 2042 | -165 | -44 |
| 2043 | -188 | -57 |
| 2044 | -211 | -69 |
| 2045 | -235 | -82 |
| 2046 | -258 | -95 |
| 2047 | -282 | -107 |
| 2048 | -306 | -120 |
| 2049 | -330 | -132 |
| 2050 | -354 | -145 |
| 2051 | -378 | -157 |
| 2052 | -403 | -170 |
| 2053 | -427 | -183 |
| 2054 | -452 | -196 |
| 2055 | -477 | -209 |
| 2056 | -502 | -222 |
| 2057 | -527 | -236 |
| 2058 | -552 | -249 |
| 2059 | -578 | -263 |
| 2060 | -604 | -278 |
| 2061 | -630 | -292 |
| 2062 | -657 | -307 |
| 2063 | -684 | -322 |
| 2064 | -712 | -338 |
| 2065 | -740 | -354 |
| 2066 | -768 | -370 |
| 2067 | -796 | -387 |
| 2068 | -825 | -403 |
| 2069 | -855 | -420 |
| 2070 | -884 | -438 |
| 2071 | -914 | -455 |
| 2072 | -945 | -473 |
| 2073 | -976 | -492 |
| 2074 | -1007 | -510 |
| 2075 | -1039 | -529 |
| 2076 | -1071 | -549 |
| 2077 | -1105 | -569 |
| 2078 | -1139 | -589 |
| 2079 | -1175 | -611 |
| 2080 | -1211 | -632 |
| 2081 | -1248 | -654 |
| 2082 | -1286 | -676 |
| 2083 | -1324 | -698 |
| 2084 | -1363 | -721 |
| 2085 | -1403 | -744 |
| 2086 | -1443 | -767 |
| 2087 | -1483 | -790 |
| 2088 | -1524 | -813 |
| 2089 | -1564 | -835 |
| 2090 | -1604 | -857 |
| 2091 | -1643 | -878 |
| 2092 | -1681 | -898 |
| 2093 | -1718 | -918 |
| 2094 | -1754 | -938 |
| 2095 | -1789 | -957 |
| 2096 | -1825 | -975 |
back