Proposed Provision: A7. Starting December 2020, reduce the annual COLA by 1 percentage point, but not to less than zero. In cases where the unreduced COLA is less than 1 percentage point, do not carry over the unused reduction into future years.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 247 |
| 2022 | 229 | 234 |
| 2023 | 213 | 222 |
| 2024 | 197 | 209 |
| 2025 | 180 | 196 |
| 2026 | 163 | 184 |
| 2027 | 147 | 172 |
| 2028 | 130 | 161 |
| 2029 | 114 | 150 |
| 2030 | 97 | 140 |
| 2031 | 80 | 129 |
| 2032 | 63 | 119 |
| 2033 | 46 | 109 |
| 2034 | 28 | 100 |
| 2035 | 10 | 90 |
| 2036 | -9 | 80 |
| 2037 | -28 | 70 |
| 2038 | -47 | 60 |
| 2039 | -67 | 51 |
| 2040 | -87 | 41 |
| 2041 | -108 | 31 |
| 2042 | -129 | 21 |
| 2043 | -150 | 12 |
| 2044 | -171 | 3 |
| 2045 | -192 | -6 |
| 2046 | -213 | -15 |
| 2047 | -234 | -24 |
| 2048 | -255 | -32 |
| 2049 | -276 | -40 |
| 2050 | -297 | -49 |
| 2051 | -318 | -57 |
| 2052 | -338 | -65 |
| 2053 | -359 | -73 |
| 2054 | -380 | -81 |
| 2055 | -401 | -89 |
| 2056 | -422 | -98 |
| 2057 | -444 | -106 |
| 2058 | -465 | -115 |
| 2059 | -487 | -124 |
| 2060 | -509 | -133 |
| 2061 | -531 | -143 |
| 2062 | -554 | -153 |
| 2063 | -577 | -163 |
| 2064 | -601 | -174 |
| 2065 | -625 | -185 |
| 2066 | -649 | -196 |
| 2067 | -674 | -207 |
| 2068 | -699 | -219 |
| 2069 | -724 | -231 |
| 2070 | -749 | -244 |
| 2071 | -776 | -257 |
| 2072 | -802 | -270 |
| 2073 | -830 | -283 |
| 2074 | -857 | -297 |
| 2075 | -885 | -311 |
| 2076 | -914 | -326 |
| 2077 | -944 | -341 |
| 2078 | -975 | -356 |
| 2079 | -1007 | -372 |
| 2080 | -1039 | -388 |
| 2081 | -1072 | -404 |
| 2082 | -1106 | -420 |
| 2083 | -1139 | -437 |
| 2084 | -1173 | -453 |
| 2085 | -1207 | -469 |
| 2086 | -1242 | -485 |
| 2087 | -1275 | -502 |
| 2088 | -1309 | -517 |
| 2089 | -1342 | -533 |
| 2090 | -1375 | -548 |
| 2091 | -1407 | -564 |
| 2092 | -1439 | -579 |
| 2093 | -1471 | -595 |
| 2094 | -1503 | -610 |
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