Proposed Provision: Starting December 2015, 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 295 |
2017 | 277 | 283 |
2018 | 262 | 272 |
2019 | 248 | 261 |
2020 | 233 | 251 |
2021 | 219 | 242 |
2022 | 203 | 232 |
2023 | 187 | 221 |
2024 | 171 | 211 |
2025 | 154 | 200 |
2026 | 137 | 189 |
2027 | 119 | 178 |
2028 | 101 | 167 |
2029 | 83 | 156 |
2030 | 64 | 145 |
2031 | 44 | 134 |
2032 | 23 | 122 |
2033 | 2 | 110 |
2034 | -20 | 97 |
2035 | -42 | 85 |
2036 | -65 | 72 |
2037 | -88 | 59 |
2038 | -112 | 47 |
2039 | -136 | 34 |
2040 | -160 | 21 |
2041 | -185 | 9 |
2042 | -210 | -3 |
2043 | -235 | -16 |
2044 | -260 | -28 |
2045 | -285 | -40 |
2046 | -310 | -52 |
2047 | -336 | -64 |
2048 | -362 | -76 |
2049 | -388 | -89 |
2050 | -415 | -101 |
2051 | -442 | -113 |
2052 | -468 | -126 |
2053 | -495 | -139 |
2054 | -523 | -151 |
2055 | -550 | -165 |
2056 | -578 | -178 |
2057 | -606 | -192 |
2058 | -635 | -206 |
2059 | -664 | -221 |
2060 | -694 | -236 |
2061 | -725 | -252 |
2062 | -756 | -268 |
2063 | -787 | -284 |
2064 | -819 | -301 |
2065 | -852 | -318 |
2066 | -885 | -335 |
2067 | -918 | -353 |
2068 | -952 | -371 |
2069 | -987 | -389 |
2070 | -1022 | -408 |
2071 | -1057 | -428 |
2072 | -1094 | -447 |
2073 | -1132 | -468 |
2074 | -1171 | -489 |
2075 | -1210 | -510 |
2076 | -1251 | -532 |
2077 | -1293 | -555 |
2078 | -1335 | -578 |
2079 | -1378 | -600 |
2080 | -1421 | -623 |
2081 | -1464 | -647 |
2082 | -1507 | -670 |
2083 | -1550 | -693 |
2084 | -1593 | -716 |
2085 | -1636 | -740 |
2086 | -1680 | -763 |
2087 | -1724 | -787 |
2088 | -1769 | -812 |
2089 | -1814 | -837 |
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