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Provisions Affecting Cost-of-Living Adjustment
|Information on the annual cost-of-living adjustment (COLA)||
An annual cost-of-living adjustment (COLA) applies to benefits after initial eligibility. For the provisions listed below, we provide estimates of the financial effect on the OASDI program over the long-range period (the next 75 years) and for the 75th year. In addition, we provide detailed single year tables.
All estimates are based on the intermediate assumptions described in the 2008 Trustees Report. Choose the type of estimates (summary or detailed) from the list of provisions.
|Number||Table and graph selection|
|A1||Beginning in December 2009, reduce the annual COLA by 1 percentage point.|
|A2||Beginning in December 2009, reduce the annual COLA by 0.5 percentage point.|
|A3||Beginning in December 2009, use the "superlative" (or "chained") CPI for COLAs, estimated to reduce the COLA by 0.3 percentage point.|
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Last reviewed or modified May 12, 2009