Proposed Provision: A4. Starting December 2021, 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
2018288288
2019272272
2020256256
2021239239
2022223223
2023206207
2024188190
2025171174
2026154158
2027137142
2028120126
2029104111
20308695
20316979
20325163
20333346
20341429
2035-512
2036-25-6
2037-46-25
2038-67-43
2039-88-62
2040-110-82
2041-132-101
2042-154-121
2043-176-141
2044-199-160
2045-221-180
2046-244-200
2047-267-219
2048-289-239
2049-312-259
2050-335-278
2051-358-298
2052-381-318
2053-403-337
2054-426-357
2055-450-377
2056-473-397
2057-496-417
2058-520-438
2059-544-459
2060-569-480
2061-594-502
2062-619-524
2063-645-547
2064-671-570
2065-698-593
2066-725-617
2067-752-641
2068-780-666
2069-808-691
2070-837-716
2071-866-742
2072-896-769
2073-927-796
2074-958-824
2075-990-852
2076-1023-881
2077-1057-912
2078-1092-943
2079-1128-975
2080-1165-1007
2081-1202-1040
2082-1240-1073
2083-1278-1107
2084-1316-1141
2085-1354-1175
2086-1392-1208
2087-1430-1242
2088-1468-1275
2089-1505-1308
2090-1543-1341
2091-1580-1374
2092-1618-1407
2093-1655-1441
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