Proposed Provision: A4. Starting December 2029, 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
2026151151
2027131131
2028111111
20299292
20307474
20315757
20324041
20332325
2034710
2035-9-6
2036-25-21
2037-41-36
2038-58-52
2039-76-68
2040-94-84
2041-112-101
2042-132-119
2043-151-136
2044-171-154
2045-192-173
2046-213-192
2047-234-211
2048-256-231
2049-279-251
2050-301-271
2051-324-292
2052-347-312
2053-371-333
2054-395-355
2055-420-377
2056-445-399
2057-470-422
2058-496-445
2059-522-469
2060-550-494
2061-578-520
2062-607-546
2063-636-573
2064-666-600
2065-697-628
2066-729-657
2067-761-687
2068-794-717
2069-827-747
2070-861-779
2071-896-811
2072-931-843
2073-967-877
2074-1004-911
2075-1042-946
2076-1081-982
2077-1121-1019
2078-1162-1057
2079-1204-1096
2080-1248-1137
2081-1292-1178
2082-1337-1220
2083-1384-1263
2084-1431-1307
2085-1480-1352
2086-1530-1398
2087-1581-1445
2088-1633-1494
2089-1686-1543
2090-1740-1593
2091-1795-1644
2092-1850-1695
2093-1906-1746
2094-1962-1798
2095-2019-1851
2096-2075-1903
2097-2132-1955
2098-2189-2008
2099-2246-2060
2100-2303-2112
2101-2359-2164
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