Detailed Single Year Tables

Description of Proposed Provision:
A7: Starting December 2024, 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
202314.5313.29-1.24
204
0.000.000.00
202414.8712.89-1.98
187
0.000.000.00
202514.9112.97-1.94
169
-0.14-0.010.13
202614.9613.07-1.89
153
-0.27-0.010.26
202714.9813.08-1.90
137
-0.41-0.020.39
202815.0113.10-1.91
123
-0.54-0.030.51
202915.0513.13-1.92
108
-0.67-0.030.64
203015.0713.14-1.93
95
-0.80-0.040.76
203115.0813.16-1.92
81
-0.93-0.050.88
203215.1013.18-1.92
68
-1.04-0.060.99
203315.1113.18-1.93
55
-1.16-0.061.09
203415.1213.19-1.93
43
-1.26-0.071.19
203515.1213.19-1.93
31
-1.36-0.081.29
203615.1013.19-1.91
19
-1.45-0.081.37
203715.0913.20-1.90
6
-1.54-0.091.45
203815.0813.20-1.88
----
-1.62-0.091.53
203915.0513.20-1.86
----
-1.69-0.101.60
204015.0213.20-1.82
----
-1.76-0.101.66
204114.9813.20-1.79
----
-1.82-0.101.72
204214.9413.19-1.75
----
-1.88-0.111.77
204314.9013.19-1.71
----
-1.93-0.111.81
204414.8813.19-1.69
----
-1.97-0.111.85
204514.8613.19-1.66
----
-2.01-0.121.89
204614.8413.19-1.65
----
-2.04-0.121.92
204714.8313.19-1.64
----
-2.07-0.121.95
204814.8313.19-1.64
----
-2.10-0.121.97
204914.8413.19-1.64
----
-2.12-0.122.00
205014.8513.20-1.65
----
-2.14-0.122.01
205114.8613.20-1.67
----
-2.15-0.132.03
205214.8913.20-1.69
----
-2.17-0.132.04
205314.9213.20-1.72
----
-2.18-0.132.06
205414.9713.21-1.76
----
-2.20-0.132.07
205515.0213.21-1.81
----
-2.21-0.132.08
205615.0813.22-1.86
----
-2.22-0.132.09
205715.1413.22-1.92
----
-2.23-0.132.10
205815.2113.23-1.98
----
-2.25-0.132.12
205915.2813.23-2.04
----
-2.26-0.132.13
206015.3413.24-2.10
----
-2.28-0.132.14
206115.4013.24-2.16
----
-2.29-0.142.15
206215.4613.25-2.21
----
-2.30-0.142.17
206315.5113.25-2.25
----
-2.32-0.142.18
206415.5513.26-2.29
----
-2.33-0.142.19
206515.6013.26-2.34
----
-2.35-0.142.21
206615.6413.26-2.38
----
-2.36-0.142.22
206715.6813.27-2.41
----
-2.38-0.142.24
206815.7213.27-2.45
----
-2.39-0.142.25
206915.7613.27-2.49
----
-2.41-0.142.27
207015.8113.28-2.53
----
-2.43-0.152.28
207115.8413.28-2.56
----
-2.44-0.152.29
207215.8813.28-2.60
----
-2.45-0.152.31
207315.9213.29-2.63
----
-2.47-0.152.32
207415.9513.29-2.66
----
-2.48-0.152.33
207515.9713.29-2.68
----
-2.49-0.152.34
207615.9913.29-2.69
----
-2.50-0.152.35
207715.9913.30-2.69
----
-2.51-0.152.36
207815.9813.30-2.69
----
-2.52-0.152.37
207915.9613.30-2.67
----
-2.53-0.152.37
208015.9413.29-2.64
----
-2.53-0.152.38
208115.9013.29-2.61
----
-2.53-0.152.38
208215.8613.29-2.57
----
-2.54-0.152.38
208315.8113.29-2.52
----
-2.54-0.152.38
208415.7513.28-2.47
----
-2.53-0.152.38
208515.6913.28-2.41
----
-2.53-0.152.38
208615.6313.28-2.35
----
-2.53-0.152.38
208715.5713.27-2.29
----
-2.52-0.152.37
208815.5013.27-2.23
----
-2.52-0.152.37
208915.4413.26-2.17
----
-2.51-0.152.36
209015.3913.26-2.12
----
-2.51-0.152.36
209115.3413.26-2.08
----
-2.50-0.152.35
209215.3013.26-2.05
----
-2.50-0.152.35
209315.2813.25-2.02
----
-2.49-0.152.34
209415.2613.25-2.01
----
-2.49-0.152.34
209515.2613.25-2.01
----
-2.49-0.152.34
209615.2613.25-2.01
----
-2.48-0.152.33
209715.2713.25-2.02
----
-2.48-0.152.33
209815.2913.26-2.03
----
-2.48-0.152.33

Summarized Estimates

Proposal Change from Current Law
Years Cost
rate		 Income
rate		 Actuarial
balance		 Year of reserve
depletion1		 Cost
rate		 Income
rate		 Actuarial
balance
2023-2097 15.43% 13.66% -1.77% 2037 -1.95% -0.11% 1.84%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2023 Trustees Report.