Detailed Single Year Tables
Description of Proposed Provision:
A6: Starting December 2024, compute the COLA using the Consumer Price Index for the Elderly (CPI-E). We estimate this new computation will increase the annual COLA by about 0.2 percentage point, on average.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.31 | 13.04 | -1.27 | 211 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.45 | 12.95 | -1.49 | 194 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 14.68 | 12.97 | -1.72 | 177 | 0.03 | 0.00 | -0.03 | ||
| 2026 | 14.94 | 13.08 | -1.86 | 159 | 0.06 | 0.00 | -0.05 | ||
| 2027 | 15.19 | 13.11 | -2.08 | 141 | 0.09 | 0.00 | -0.08 | ||
| 2028 | 15.44 | 13.15 | -2.30 | 124 | 0.12 | 0.01 | -0.11 | ||
| 2029 | 15.67 | 13.18 | -2.49 | 106 | 0.14 | 0.01 | -0.14 | ||
| 2030 | 15.90 | 13.21 | -2.69 | 88 | 0.17 | 0.01 | -0.16 | ||
| 2031 | 16.11 | 13.24 | -2.87 | 70 | 0.20 | 0.01 | -0.19 | ||
| 2032 | 16.30 | 13.26 | -3.04 | 52 | 0.23 | 0.01 | -0.22 | ||
| 2033 | 16.46 | 13.27 | -3.19 | 33 | 0.26 | 0.01 | -0.24 | ||
| 2034 | 16.60 | 13.28 | -3.32 | 14 | 0.28 | 0.02 | -0.26 | ||
| 2035 | 16.72 | 13.29 | -3.43 | ---- | 0.30 | 0.02 | -0.29 | ||
| 2036 | 16.82 | 13.30 | -3.53 | ---- | 0.33 | 0.02 | -0.31 | ||
| 2037 | 16.92 | 13.31 | -3.62 | ---- | 0.35 | 0.02 | -0.33 | ||
| 2038 | 17.01 | 13.31 | -3.69 | ---- | 0.37 | 0.02 | -0.34 | ||
| 2039 | 17.07 | 13.32 | -3.75 | ---- | 0.38 | 0.02 | -0.36 | ||
| 2040 | 17.12 | 13.32 | -3.80 | ---- | 0.40 | 0.02 | -0.38 | ||
| 2041 | 17.15 | 13.32 | -3.83 | ---- | 0.42 | 0.02 | -0.39 | ||
| 2042 | 17.19 | 13.33 | -3.87 | ---- | 0.43 | 0.02 | -0.40 | ||
| 2043 | 17.22 | 13.33 | -3.89 | ---- | 0.44 | 0.03 | -0.42 | ||
| 2044 | 17.26 | 13.33 | -3.92 | ---- | 0.45 | 0.03 | -0.43 | ||
| 2045 | 17.29 | 13.33 | -3.95 | ---- | 0.46 | 0.03 | -0.44 | ||
| 2046 | 17.31 | 13.34 | -3.97 | ---- | 0.47 | 0.03 | -0.45 | ||
| 2047 | 17.34 | 13.34 | -4.00 | ---- | 0.48 | 0.03 | -0.45 | ||
| 2048 | 17.38 | 13.34 | -4.03 | ---- | 0.49 | 0.03 | -0.46 | ||
| 2049 | 17.41 | 13.35 | -4.06 | ---- | 0.49 | 0.03 | -0.47 | ||
| 2050 | 17.45 | 13.35 | -4.10 | ---- | 0.50 | 0.03 | -0.47 | ||
| 2051 | 17.49 | 13.35 | -4.13 | ---- | 0.50 | 0.03 | -0.48 | ||
| 2052 | 17.52 | 13.35 | -4.17 | ---- | 0.51 | 0.03 | -0.48 | ||
| 2053 | 17.57 | 13.36 | -4.21 | ---- | 0.51 | 0.03 | -0.48 | ||
| 2054 | 17.61 | 13.36 | -4.25 | ---- | 0.52 | 0.03 | -0.49 | ||
| 2055 | 17.67 | 13.37 | -4.30 | ---- | 0.52 | 0.03 | -0.49 | ||
| 2056 | 17.72 | 13.37 | -4.35 | ---- | 0.52 | 0.03 | -0.49 | ||
| 2057 | 17.79 | 13.38 | -4.41 | ---- | 0.52 | 0.03 | -0.49 | ||
| 2058 | 17.85 | 13.38 | -4.47 | ---- | 0.53 | 0.03 | -0.50 | ||
| 2059 | 17.92 | 13.39 | -4.53 | ---- | 0.53 | 0.03 | -0.50 | ||
| 2060 | 17.98 | 13.39 | -4.59 | ---- | 0.53 | 0.03 | -0.50 | ||
| 2061 | 18.05 | 13.40 | -4.65 | ---- | 0.54 | 0.03 | -0.50 | ||
| 2062 | 18.11 | 13.40 | -4.71 | ---- | 0.54 | 0.03 | -0.51 | ||
| 2063 | 18.17 | 13.41 | -4.76 | ---- | 0.54 | 0.03 | -0.51 | ||
| 2064 | 18.22 | 13.41 | -4.81 | ---- | 0.55 | 0.03 | -0.51 | ||
| 2065 | 18.28 | 13.41 | -4.86 | ---- | 0.55 | 0.03 | -0.52 | ||
| 2066 | 18.33 | 13.42 | -4.92 | ---- | 0.55 | 0.03 | -0.52 | ||
| 2067 | 18.39 | 13.42 | -4.97 | ---- | 0.56 | 0.03 | -0.52 | ||
| 2068 | 18.45 | 13.43 | -5.02 | ---- | 0.56 | 0.03 | -0.53 | ||
| 2069 | 18.51 | 13.43 | -5.08 | ---- | 0.56 | 0.03 | -0.53 | ||
| 2070 | 18.57 | 13.44 | -5.13 | ---- | 0.57 | 0.03 | -0.53 | ||
| 2071 | 18.63 | 13.44 | -5.19 | ---- | 0.57 | 0.03 | -0.54 | ||
| 2072 | 18.68 | 13.44 | -5.24 | ---- | 0.57 | 0.03 | -0.54 | ||
| 2073 | 18.74 | 13.45 | -5.29 | ---- | 0.58 | 0.03 | -0.54 | ||
| 2074 | 18.79 | 13.45 | -5.34 | ---- | 0.58 | 0.03 | -0.55 | ||
| 2075 | 18.84 | 13.46 | -5.38 | ---- | 0.58 | 0.03 | -0.55 | ||
| 2076 | 18.87 | 13.46 | -5.41 | ---- | 0.59 | 0.03 | -0.55 | ||
| 2077 | 18.90 | 13.46 | -5.44 | ---- | 0.59 | 0.04 | -0.55 | ||
| 2078 | 18.91 | 13.46 | -5.45 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2079 | 18.91 | 13.46 | -5.45 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2080 | 18.90 | 13.46 | -5.43 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2081 | 18.87 | 13.46 | -5.41 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2082 | 18.84 | 13.46 | -5.38 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2083 | 18.80 | 13.46 | -5.34 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2084 | 18.76 | 13.46 | -5.30 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2085 | 18.70 | 13.45 | -5.25 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2086 | 18.65 | 13.45 | -5.20 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2087 | 18.58 | 13.45 | -5.13 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2088 | 18.51 | 13.44 | -5.07 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2089 | 18.45 | 13.44 | -5.01 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2090 | 18.39 | 13.43 | -4.95 | ---- | 0.60 | 0.04 | -0.56 | ||
| 2091 | 18.34 | 13.43 | -4.91 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2092 | 18.30 | 13.43 | -4.87 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2093 | 18.26 | 13.43 | -4.84 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2094 | 18.24 | 13.42 | -4.82 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2095 | 18.23 | 13.42 | -4.81 | ---- | 0.59 | 0.04 | -0.56 | ||
| 2096 | 18.23 | 13.42 | -4.81 | ---- | 0.59 | 0.04 | -0.55 | ||
| 2097 | 18.24 | 13.42 | -4.81 | ---- | 0.59 | 0.04 | -0.55 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 17.64% | 13.80% | -3.84% | 2034 | 0.45% | 0.03% | -0.42% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.