Proposed Provision: A4. Starting December 2023, 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 184 |
| 2026 | 165 | 167 |
| 2027 | 148 | 150 |
| 2028 | 130 | 133 |
| 2029 | 112 | 116 |
| 2030 | 94 | 100 |
| 2031 | 76 | 83 |
| 2032 | 58 | 66 |
| 2033 | 39 | 49 |
| 2034 | 20 | 32 |
| 2035 | 1 | 14 |
| 2036 | -19 | -4 |
| 2037 | -38 | -22 |
| 2038 | -59 | -40 |
| 2039 | -80 | -59 |
| 2040 | -101 | -77 |
| 2041 | -122 | -96 |
| 2042 | -144 | -116 |
| 2043 | -166 | -135 |
| 2044 | -188 | -155 |
| 2045 | -210 | -174 |
| 2046 | -232 | -194 |
| 2047 | -255 | -213 |
| 2048 | -277 | -233 |
| 2049 | -299 | -252 |
| 2050 | -322 | -272 |
| 2051 | -344 | -291 |
| 2052 | -367 | -311 |
| 2053 | -389 | -330 |
| 2054 | -412 | -350 |
| 2055 | -434 | -370 |
| 2056 | -457 | -390 |
| 2057 | -480 | -410 |
| 2058 | -504 | -430 |
| 2059 | -527 | -451 |
| 2060 | -551 | -472 |
| 2061 | -575 | -493 |
| 2062 | -599 | -515 |
| 2063 | -624 | -537 |
| 2064 | -650 | -559 |
| 2065 | -676 | -582 |
| 2066 | -702 | -605 |
| 2067 | -728 | -629 |
| 2068 | -755 | -652 |
| 2069 | -782 | -677 |
| 2070 | -809 | -701 |
| 2071 | -837 | -726 |
| 2072 | -866 | -752 |
| 2073 | -895 | -778 |
| 2074 | -925 | -805 |
| 2075 | -955 | -832 |
| 2076 | -986 | -860 |
| 2077 | -1018 | -888 |
| 2078 | -1051 | -918 |
| 2079 | -1084 | -948 |
| 2080 | -1119 | -979 |
| 2081 | -1154 | -1010 |
| 2082 | -1190 | -1042 |
| 2083 | -1226 | -1075 |
| 2084 | -1263 | -1108 |
| 2085 | -1300 | -1141 |
| 2086 | -1337 | -1174 |
| 2087 | -1374 | -1207 |
| 2088 | -1411 | -1240 |
| 2089 | -1448 | -1273 |
| 2090 | -1484 | -1305 |
| 2091 | -1520 | -1336 |
| 2092 | -1554 | -1367 |
| 2093 | -1589 | -1398 |
| 2094 | -1623 | -1428 |
| 2095 | -1657 | -1458 |
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