Proposed Provision: A9. For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross income (MAGI) below $117,300 and for joint filers with MAGI below $234,600 for December 2028 ($85,000 and $170,000 multiplied by estimated CPI-U for 2018-2028), use the chain-weighted version of the Consumer Price Index for All Urban Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2028 COLA. For those beneficiaries whose MAGI is above these thresholds, provide no COLA. Use prior tax year income data for this determination. Use the chain-weighted CPI for the COLA for years prior to benefit receipt. Index the eligibility income threshold amounts to the CPI-U after December 2028.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2026151151
2027131131
2028111111
20299293
20307476
20315759
20324044
20332329
2034715
2035-92
2036-25-11
2037-41-25
2038-58-38
2039-76-52
2040-94-66
2041-112-80
2042-132-94
2043-151-109
2044-171-124
2045-192-139
2046-213-154
2047-234-170
2048-256-185
2049-279-201
2050-301-217
2051-324-234
2052-347-250
2053-371-267
2054-395-284
2055-420-302
2056-445-320
2057-470-338
2058-496-357
2059-522-377
2060-550-397
2061-578-418
2062-607-439
2063-636-462
2064-666-485
2065-697-508
2066-729-532
2067-761-557
2068-794-582
2069-827-607
2070-861-633
2071-896-660
2072-931-687
2073-967-715
2074-1004-744
2075-1042-773
2076-1081-804
2077-1121-835
2078-1162-867
2079-1204-900
2080-1248-934
2081-1292-968
2082-1337-1003
2083-1384-1040
2084-1431-1076
2085-1480-1114
2086-1530-1153
2087-1581-1193
2088-1633-1234
2089-1686-1275
2090-1740-1316
2091-1795-1359
2092-1850-1401
2093-1906-1444
2094-1962-1487
2095-2019-1530
2096-2075-1573
2097-2132-1615
2098-2189-1658
2099-2246-1701
2100-2303-1743
2101-2359-1785
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