Proposed Provision: A9. For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross income (MAGI) below $85,000 and for joint filers with MAGI below $170,000 for the prior tax year, use the chain-weighted version of the Consumer Price Index for All Urban Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2018 COLA. For those beneficiaries whose MAGI is above the $85,000/$170,000 for the prior tax year, provide no COLA. Index the eligibility income threshold amounts to the CPI-U after December 2018.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 263 |
2020 | 246 | 249 |
2021 | 231 | 236 |
2022 | 216 | 222 |
2023 | 200 | 208 |
2024 | 183 | 194 |
2025 | 165 | 179 |
2026 | 149 | 166 |
2027 | 132 | 152 |
2028 | 115 | 138 |
2029 | 98 | 125 |
2030 | 81 | 112 |
2031 | 64 | 99 |
2032 | 46 | 85 |
2033 | 27 | 72 |
2034 | 8 | 58 |
2035 | -11 | 44 |
2036 | -30 | 30 |
2037 | -50 | 16 |
2038 | -71 | 1 |
2039 | -91 | -13 |
2040 | -112 | -28 |
2041 | -133 | -42 |
2042 | -154 | -57 |
2043 | -176 | -71 |
2044 | -197 | -85 |
2045 | -218 | -98 |
2046 | -240 | -112 |
2047 | -262 | -126 |
2048 | -283 | -140 |
2049 | -305 | -153 |
2050 | -327 | -167 |
2051 | -349 | -180 |
2052 | -371 | -193 |
2053 | -393 | -207 |
2054 | -415 | -220 |
2055 | -437 | -234 |
2056 | -460 | -247 |
2057 | -482 | -261 |
2058 | -506 | -275 |
2059 | -529 | -290 |
2060 | -553 | -305 |
2061 | -578 | -320 |
2062 | -603 | -335 |
2063 | -628 | -351 |
2064 | -654 | -367 |
2065 | -680 | -383 |
2066 | -706 | -400 |
2067 | -733 | -417 |
2068 | -760 | -434 |
2069 | -788 | -451 |
2070 | -816 | -469 |
2071 | -845 | -487 |
2072 | -874 | -505 |
2073 | -905 | -524 |
2074 | -935 | -543 |
2075 | -967 | -563 |
2076 | -1000 | -584 |
2077 | -1033 | -604 |
2078 | -1068 | -626 |
2079 | -1102 | -647 |
2080 | -1138 | -668 |
2081 | -1173 | -690 |
2082 | -1208 | -711 |
2083 | -1243 | -732 |
2084 | -1279 | -753 |
2085 | -1314 | -774 |
2086 | -1349 | -795 |
2087 | -1384 | -816 |
2088 | -1419 | -837 |
2089 | -1455 | -858 |
2090 | -1491 | -880 |
2091 | -1528 | -902 |
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