Proposed Provision: Starting with the December 2012 cost-of-living adjustment (COLA), compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). This new computation is estimated to result in an annual COLA that is 0.3 percentage point less, on average.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341343
2015335339
2016330335
2017324330
2018317325
2019309319
2020299312
2021289303
2022277294
2023264283
2024251272
2025237260
2026221247
2027205234
2028189220
2029171205
2030154190
2031136175
2032117159
203398143
203479127
203559111
20363994
20371978
2038-161
2039-2144
2040-4228
2041-6311
2042-84-6
2043-105-22
2044-126-39
2045-147-56
2046-168-73
2047-189-90
2048-211-107
2049-233-124
2050-255-141
2051-277-159
2052-299-176
2053-321-194
2054-344-212
2055-366-230
2056-389-248
2057-412-266
2058-436-285
2059-460-304
2060-485-324
2061-509-344
2062-534-364
2063-560-384
2064-586-405
2065-612-426
2066-638-447
2067-665-469
2068-692-491
2069-720-513
2070-748-536
2071-776-559
2072-805-583
2073-834-606
2074-864-631
2075-894-656
2076-925-681
2077-957-707
2078-989-733
2079-1021-759
2080-1054-787
2081-1087-814
2082-1121-842
2083-1156-871
2084-1191-900
2085-1227-930
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