Proposed Provision: Starting December 2015, 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 293 |
2017 | 277 | 279 |
2018 | 262 | 265 |
2019 | 248 | 252 |
2020 | 233 | 239 |
2021 | 219 | 226 |
2022 | 203 | 212 |
2023 | 187 | 198 |
2024 | 171 | 183 |
2025 | 154 | 168 |
2026 | 137 | 153 |
2027 | 119 | 137 |
2028 | 101 | 122 |
2029 | 83 | 105 |
2030 | 64 | 89 |
2031 | 44 | 71 |
2032 | 23 | 53 |
2033 | 2 | 35 |
2034 | -20 | 16 |
2035 | -42 | -4 |
2036 | -65 | -23 |
2037 | -88 | -43 |
2038 | -112 | -64 |
2039 | -136 | -84 |
2040 | -160 | -105 |
2041 | -185 | -126 |
2042 | -210 | -147 |
2043 | -235 | -168 |
2044 | -260 | -189 |
2045 | -285 | -210 |
2046 | -310 | -232 |
2047 | -336 | -253 |
2048 | -362 | -275 |
2049 | -388 | -297 |
2050 | -415 | -319 |
2051 | -442 | -342 |
2052 | -468 | -364 |
2053 | -495 | -387 |
2054 | -523 | -409 |
2055 | -550 | -432 |
2056 | -578 | -456 |
2057 | -606 | -480 |
2058 | -635 | -504 |
2059 | -664 | -529 |
2060 | -694 | -554 |
2061 | -725 | -580 |
2062 | -756 | -606 |
2063 | -787 | -633 |
2064 | -819 | -661 |
2065 | -852 | -688 |
2066 | -885 | -716 |
2067 | -918 | -745 |
2068 | -952 | -774 |
2069 | -987 | -804 |
2070 | -1022 | -834 |
2071 | -1057 | -865 |
2072 | -1094 | -896 |
2073 | -1132 | -929 |
2074 | -1171 | -962 |
2075 | -1210 | -996 |
2076 | -1251 | -1031 |
2077 | -1293 | -1067 |
2078 | -1335 | -1103 |
2079 | -1378 | -1140 |
2080 | -1421 | -1177 |
2081 | -1464 | -1214 |
2082 | -1507 | -1251 |
2083 | -1550 | -1288 |
2084 | -1593 | -1325 |
2085 | -1636 | -1362 |
2086 | -1680 | -1400 |
2087 | -1724 | -1438 |
2088 | -1769 | -1476 |
2089 | -1814 | -1515 |
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