Proposed Provision: A7. Starting December 2021, 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
2020261261
2021248248
2022233235
2023217222
2024200208
2025183194
2026165181
2027148168
2028130154
2029112141
203094129
203176117
203258105
20333993
20342082
2035171
2036-1959
2037-3848
2038-5937
2039-8026
2040-10115
2041-1223
2042-144-8
2043-166-19
2044-188-30
2045-210-40
2046-232-51
2047-255-61
2048-277-72
2049-299-82
2050-322-92
2051-344-103
2052-367-113
2053-389-123
2054-412-134
2055-434-144
2056-457-155
2057-480-166
2058-504-177
2059-527-189
2060-551-200
2061-575-212
2062-599-225
2063-624-238
2064-650-251
2065-676-264
2066-702-278
2067-728-292
2068-755-307
2069-782-322
2070-809-337
2071-837-352
2072-866-368
2073-895-385
2074-925-401
2075-955-418
2076-986-436
2077-1018-454
2078-1051-473
2079-1084-492
2080-1119-511
2081-1154-531
2082-1190-550
2083-1226-570
2084-1263-591
2085-1300-611
2086-1337-631
2087-1374-651
2088-1411-671
2089-1448-690
2090-1484-709
2091-1520-728
2092-1554-747
2093-1589-765
2094-1623-783
2095-1657-801
back