Proposed Provision: A3. Starting December 2021, 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 Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202013.013.013.913.9
202112.912.914.014.0
202212.912.914.214.2
202312.912.914.414.4
202413.013.014.614.5
202513.013.014.914.7
202613.113.115.114.9
202713.113.115.315.1
202813.213.215.615.3
202913.213.215.815.5
203013.213.216.015.7
203113.313.216.215.8
203213.313.216.315.9
203313.313.316.516.0
203413.313.316.616.0
203513.313.316.616.1
203613.313.316.716.1
203713.313.316.716.2
203813.313.316.816.2
203913.313.316.816.2
204013.313.316.816.2
204113.313.316.916.2
204213.313.316.916.2
204313.313.316.816.2
204413.313.316.816.1
204513.313.316.816.1
204613.313.316.816.1
204713.313.316.816.1
204813.313.316.816.1
204913.313.316.816.1
205013.313.316.816.1
205113.313.316.816.1
205213.313.316.816.1
205313.313.316.816.1
205413.313.316.916.1
205513.313.316.916.2
205613.313.316.916.2
205713.313.317.016.2
205813.313.317.016.3
205913.413.317.116.3
206013.413.317.116.4
206113.413.317.216.5
206213.413.317.316.5
206313.413.317.316.6
206413.413.317.416.6
206513.413.317.516.7
206613.413.317.516.7
206713.413.317.616.8
206813.413.317.716.9
206913.413.417.716.9
207013.413.417.817.0
207113.413.417.917.1
207213.413.417.917.1
207313.413.418.017.2
207413.413.418.017.2
207513.413.418.117.3
207613.413.418.117.3
207713.413.418.117.3
207813.413.418.217.3
207913.413.418.217.3
208013.413.418.117.3
208113.413.418.117.3
208213.413.418.117.3
208313.413.418.117.2
208413.413.418.017.2
208513.413.418.017.2
208613.413.418.017.1
208713.413.417.917.1
208813.413.417.917.1
208913.413.417.917.0
209013.413.417.917.0
209113.413.417.917.0
209213.413.417.917.0
209313.413.417.917.1
209413.413.417.917.1
209513.413.418.017.1
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