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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183184
2026165167
2027148150
2028130133
2029112116
203094100
20317683
20325866
20333949
20342032
2035114
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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