Proposed Provision: A4. Starting December 2025, compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). We estimate this new computation will reduce the annual COLA by about 0.3 percentage point, on average. The new COLA will not apply to DI benefits. It will apply to OASI benefits, except for those of formerly disabled-workers who converted to retired-worker status.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2022230230
2023211211
2024194194
2025177177
2026160160
2027143144
2028126127
2029109111
20309195
20317478
20325762
20333946
20342129
2035312
2036-16-5
2037-35-22
2038-54-40
2039-74-58
2040-95-77
2041-116-95
2042-137-114
2043-158-133
2044-180-153
2045-202-172
2046-224-192
2047-246-211
2048-268-231
2049-291-251
2050-313-271
2051-336-291
2052-359-311
2053-383-332
2054-406-352
2055-430-373
2056-453-394
2057-477-415
2058-501-436
2059-525-458
2060-550-480
2061-575-502
2062-601-525
2063-627-548
2064-654-572
2065-681-596
2066-708-621
2067-736-645
2068-764-671
2069-792-696
2070-821-722
2071-850-748
2072-880-775
2073-910-802
2074-940-829
2075-971-857
2076-1003-886
2077-1036-915
2078-1069-946
2079-1104-977
2080-1139-1009
2081-1175-1041
2082-1212-1074
2083-1249-1107
2084-1286-1141
2085-1324-1175
2086-1363-1210
2087-1402-1245
2088-1442-1280
2089-1481-1315
2090-1520-1350
2091-1558-1384
2092-1595-1417
2093-1632-1450
2094-1668-1482
2095-1703-1513
2096-1738-1544
2097-1773-1574
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