Detailed Single Year Tables

Description of 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.

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
202114.1112.31-1.81
253
0.000.000.00
202214.3012.93-1.38
231
0.000.000.00
202314.3012.91-1.39
216
-0.13-0.000.13
202414.3712.93-1.44
200
-0.26-0.010.25
202514.4612.94-1.52
185
-0.39-0.020.38
202614.5813.05-1.53
170
-0.52-0.020.50
202714.7113.07-1.64
155
-0.66-0.030.62
202814.8413.10-1.74
141
-0.79-0.040.75
202914.9613.12-1.83
127
-0.91-0.050.87
203015.0713.14-1.93
112
-1.04-0.050.98
203115.1313.15-1.99
99
-1.15-0.061.09
203215.1813.15-2.03
85
-1.26-0.071.19
203315.2013.16-2.04
72
-1.36-0.071.29
203415.2113.16-2.05
58
-1.45-0.081.37
203515.2013.16-2.04
46
-1.54-0.081.46
203615.1813.16-2.02
33
-1.62-0.091.53
203715.1713.17-2.00
20
-1.69-0.091.60
203815.1513.17-1.98
7
-1.76-0.101.67
203915.1313.17-1.96
----
-1.83-0.101.73
204015.1013.17-1.93
----
-1.88-0.101.78
204115.0813.17-1.91
----
-1.94-0.111.83
204215.0613.17-1.89
----
-1.98-0.111.87
204315.0213.17-1.85
----
-2.02-0.111.91
204414.9913.17-1.82
----
-2.06-0.111.94
204514.9613.16-1.80
----
-2.09-0.111.97
204614.9413.16-1.78
----
-2.11-0.122.00
204714.9413.17-1.77
----
-2.14-0.122.02
204814.9413.17-1.77
----
-2.16-0.122.04
204914.9413.17-1.78
----
-2.17-0.122.05
205014.9513.17-1.78
----
-2.19-0.122.07
205114.9613.17-1.79
----
-2.20-0.122.08
205214.9813.17-1.81
----
-2.21-0.122.08
205315.0013.18-1.83
----
-2.22-0.122.09
205415.0313.18-1.85
----
-2.22-0.122.10
205515.0613.18-1.88
----
-2.23-0.122.10
205615.1013.18-1.92
----
-2.24-0.122.11
205715.1413.19-1.95
----
-2.24-0.132.12
205815.1913.19-1.99
----
-2.25-0.132.12
205915.2313.20-2.04
----
-2.26-0.132.13
206015.2813.20-2.08
----
-2.27-0.132.14
206115.3213.20-2.12
----
-2.28-0.132.15
206215.3613.21-2.15
----
-2.29-0.132.16
206315.4013.21-2.19
----
-2.30-0.132.17
206415.4413.21-2.22
----
-2.31-0.132.18
206515.4813.22-2.26
----
-2.33-0.132.19
206615.5113.22-2.29
----
-2.34-0.132.21
206715.5513.22-2.33
----
-2.35-0.132.22
206815.5913.23-2.36
----
-2.37-0.132.23
206915.6313.23-2.40
----
-2.38-0.142.24
207015.6713.23-2.44
----
-2.39-0.142.26
207115.7213.24-2.48
----
-2.41-0.142.27
207215.7513.24-2.51
----
-2.42-0.142.28
207315.7913.24-2.55
----
-2.43-0.142.29
207415.8313.25-2.58
----
-2.45-0.142.31
207515.8613.25-2.61
----
-2.46-0.142.32
207615.8813.25-2.63
----
-2.47-0.142.33
207715.8913.25-2.64
----
-2.48-0.142.34
207815.8913.25-2.64
----
-2.49-0.142.34
207915.8813.25-2.62
----
-2.49-0.142.35
208015.8513.25-2.60
----
-2.50-0.142.36
208115.8313.25-2.57
----
-2.50-0.142.36
208215.7913.25-2.54
----
-2.50-0.142.36
208315.7413.25-2.50
----
-2.51-0.142.36
208415.6913.24-2.45
----
-2.51-0.142.36
208515.6313.24-2.39
----
-2.51-0.142.36
208615.5713.24-2.34
----
-2.50-0.142.36
208715.5113.23-2.28
----
-2.50-0.142.36
208815.4413.23-2.21
----
-2.50-0.142.35
208915.3813.22-2.16
----
-2.49-0.142.35
209015.3313.22-2.11
----
-2.49-0.142.34
209115.2913.22-2.07
----
-2.48-0.142.34
209215.2613.22-2.04
----
-2.48-0.142.33
209315.2413.22-2.03
----
-2.47-0.142.33
209415.2313.22-2.02
----
-2.47-0.142.33
209515.2413.22-2.02
----
-2.47-0.142.32
209615.2413.22-2.02
----
-2.46-0.142.32

Summarized Estimates

Proposal Change from Current Law
Years Cost
rate		 Income
rate		 Actuarial
balance		 Year of reserve
depletion1		 Cost
rate		 Income
rate		 Actuarial
balance
2021-2095 15.37% 13.67% -1.70% 2038 -1.94% -0.11% 1.84%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2021 Trustees Report.