Proposed Provision: A4. Starting December 2024, 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159160
2027141143
2028122125
2029104107
20308589
20316671
20324653
20332735
2034716
2035-13-2
2036-33-21
2037-54-40
2038-76-60
2039-97-79
2040-119-99
2041-142-120
2042-165-140
2043-188-161
2044-211-182
2045-235-203
2046-258-224
2047-282-245
2048-306-266
2049-330-288
2050-354-309
2051-378-331
2052-403-352
2053-427-374
2054-452-396
2055-477-418
2056-502-440
2057-527-462
2058-552-485
2059-578-508
2060-604-531
2061-630-554
2062-657-578
2063-684-602
2064-712-627
2065-740-652
2066-768-677
2067-796-703
2068-825-729
2069-855-756
2070-884-782
2071-914-809
2072-945-837
2073-976-865
2074-1007-893
2075-1039-922
2076-1071-951
2077-1105-982
2078-1139-1013
2079-1175-1045
2080-1211-1078
2081-1248-1111
2082-1286-1145
2083-1324-1180
2084-1363-1215
2085-1403-1251
2086-1443-1287
2087-1483-1323
2088-1524-1359
2089-1564-1396
2090-1604-1431
2091-1643-1466
2092-1681-1499
2093-1718-1532
2094-1754-1564
2095-1789-1596
2096-1825-1627
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