Proposed Provision: A7. Starting December 2023, 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 |
2022 | 230 | 230 |
2023 | 211 | 211 |
2024 | 194 | 196 |
2025 | 177 | 181 |
2026 | 160 | 167 |
2027 | 143 | 153 |
2028 | 126 | 139 |
2029 | 109 | 126 |
2030 | 91 | 114 |
2031 | 74 | 101 |
2032 | 57 | 89 |
2033 | 39 | 78 |
2034 | 21 | 66 |
2035 | 3 | 55 |
2036 | -16 | 44 |
2037 | -35 | 32 |
2038 | -54 | 21 |
2039 | -74 | 9 |
2040 | -95 | -2 |
2041 | -116 | -13 |
2042 | -137 | -25 |
2043 | -158 | -36 |
2044 | -180 | -47 |
2045 | -202 | -58 |
2046 | -224 | -69 |
2047 | -246 | -80 |
2048 | -268 | -92 |
2049 | -291 | -103 |
2050 | -313 | -114 |
2051 | -336 | -126 |
2052 | -359 | -137 |
2053 | -383 | -149 |
2054 | -406 | -160 |
2055 | -430 | -172 |
2056 | -453 | -185 |
2057 | -477 | -197 |
2058 | -501 | -210 |
2059 | -525 | -222 |
2060 | -550 | -236 |
2061 | -575 | -249 |
2062 | -601 | -263 |
2063 | -627 | -278 |
2064 | -654 | -293 |
2065 | -681 | -308 |
2066 | -708 | -323 |
2067 | -736 | -339 |
2068 | -764 | -355 |
2069 | -792 | -371 |
2070 | -821 | -388 |
2071 | -850 | -405 |
2072 | -880 | -422 |
2073 | -910 | -439 |
2074 | -940 | -457 |
2075 | -971 | -475 |
2076 | -1003 | -494 |
2077 | -1036 | -513 |
2078 | -1069 | -533 |
2079 | -1104 | -553 |
2080 | -1139 | -574 |
2081 | -1175 | -595 |
2082 | -1212 | -616 |
2083 | -1249 | -637 |
2084 | -1286 | -658 |
2085 | -1324 | -680 |
2086 | -1363 | -702 |
2087 | -1402 | -724 |
2088 | -1442 | -745 |
2089 | -1481 | -767 |
2090 | -1520 | -788 |
2091 | -1558 | -808 |
2092 | -1595 | -828 |
2093 | -1632 | -847 |
2094 | -1668 | -866 |
2095 | -1703 | -885 |
2096 | -1738 | -903 |
2097 | -1773 | -921 |
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