Proposed Provision: A4. Starting December 2026, 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
2023204204
2024187187
2025168168
2026149149
2027131132
2028114114
20299697
20307880
20316063
20324346
20332530
2034713
2035-12-5
2036-31-22
2037-51-40
2038-70-59
2039-91-77
2040-112-96
2041-133-116
2042-154-135
2043-176-155
2044-198-174
2045-220-194
2046-243-214
2047-265-234
2048-288-254
2049-311-274
2050-333-295
2051-357-315
2052-380-336
2053-403-356
2054-427-377
2055-450-398
2056-474-419
2057-498-440
2058-522-462
2059-547-483
2060-572-506
2061-597-529
2062-623-552
2063-650-576
2064-677-601
2065-705-626
2066-733-651
2067-762-677
2068-791-703
2069-820-729
2070-850-756
2071-880-784
2072-911-812
2073-942-840
2074-974-868
2075-1006-898
2076-1039-928
2077-1074-959
2078-1108-990
2079-1144-1023
2080-1181-1056
2081-1218-1090
2082-1256-1124
2083-1294-1159
2084-1333-1194
2085-1373-1229
2086-1413-1265
2087-1453-1302
2088-1494-1338
2089-1534-1374
2090-1574-1409
2091-1613-1444
2092-1651-1479
2093-1689-1512
2094-1726-1545
2095-1762-1577
2096-1798-1609
2097-1833-1641
2098-1868-1671
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