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
2022230230
2023211211
2024194196
2025177181
2026160167
2027143153
2028126139
2029109126
203091114
203174101
20325789
20333978
20342166
2035355
2036-1644
2037-3532
2038-5421
2039-749
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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