Proposed Provision: Starting December 2014, 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 Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321322
2017314316
2018306309
2019296301
2020284290
2021272279
2022259268
2023245255
2024230242
2025214228
2026198214
2027181199
2028164183
2029145166
2030127149
2031107132
203287114
20336796
20344678
20352559
2036440
2037-1821
2038-401
2039-62-18
2040-85-38
2041-108-58
2042-130-78
2043-153-97
2044-176-117
2045-200-137
2046-223-158
2047-247-178
2048-271-199
2049-295-219
2050-319-240
2051-343-261
2052-368-282
2053-393-304
2054-418-325
2055-443-347
2056-468-369
2057-494-392
2058-521-414
2059-548-438
2060-575-461
2061-602-485
2062-630-510
2063-659-534
2064-687-559
2065-716-584
2066-746-610
2067-775-635
2068-805-661
2069-835-687
2070-866-714
2071-897-741
2072-928-769
2073-960-796
2074-992-824
2075-1025-853
2076-1058-882
2077-1092-912
2078-1126-942
2079-1161-972
2080-1196-1003
2081-1232-1035
2082-1268-1067
2083-1305-1099
2084-1342-1132
2085-1380-1165
2086-1419-1199
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