Detailed Single Year Tables
Description of Proposed Provision:
A7: Starting December 2025, 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.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.07 | 13.07 | -2.00 | 153 | -0.14 | -0.01 | 0.13 | ||
| 2027 | 15.09 | 13.09 | -1.99 | 138 | -0.27 | -0.01 | 0.26 | ||
| 2028 | 15.01 | 13.11 | -1.89 | 123 | -0.41 | -0.02 | 0.39 | ||
| 2029 | 14.93 | 13.13 | -1.79 | 109 | -0.54 | -0.03 | 0.51 | ||
| 2030 | 14.86 | 13.14 | -1.72 | 96 | -0.67 | -0.04 | 0.63 | ||
| 2031 | 14.78 | 13.16 | -1.63 | 84 | -0.79 | -0.04 | 0.75 | ||
| 2032 | 14.70 | 13.17 | -1.53 | 73 | -0.91 | -0.05 | 0.86 | ||
| 2033 | 14.64 | 13.21 | -1.44 | 63 | -1.02 | -0.06 | 0.96 | ||
| 2034 | 14.65 | 13.21 | -1.43 | 53 | -1.13 | -0.07 | 1.06 | ||
| 2035 | 14.65 | 13.21 | -1.44 | 44 | -1.23 | -0.07 | 1.16 | ||
| 2036 | 14.66 | 13.22 | -1.44 | 34 | -1.33 | -0.08 | 1.25 | ||
| 2037 | 14.67 | 13.22 | -1.45 | 25 | -1.42 | -0.08 | 1.34 | ||
| 2038 | 14.67 | 13.22 | -1.45 | 15 | -1.51 | -0.09 | 1.42 | ||
| 2039 | 14.66 | 13.22 | -1.44 | 6 | -1.59 | -0.09 | 1.49 | ||
| 2040 | 14.66 | 13.23 | -1.43 | — | -1.66 | -0.10 | 1.56 | ||
| 2041 | 14.65 | 13.23 | -1.43 | — | -1.73 | -0.10 | 1.63 | ||
| 2042 | 14.64 | 13.23 | -1.42 | — | -1.79 | -0.11 | 1.68 | ||
| 2043 | 14.63 | 13.23 | -1.41 | — | -1.85 | -0.11 | 1.74 | ||
| 2044 | 14.62 | 13.23 | -1.39 | — | -1.90 | -0.11 | 1.78 | ||
| 2045 | 14.61 | 13.23 | -1.38 | — | -1.94 | -0.12 | 1.82 | ||
| 2046 | 14.61 | 13.23 | -1.38 | — | -1.98 | -0.12 | 1.86 | ||
| 2047 | 14.61 | 13.23 | -1.38 | — | -2.01 | -0.12 | 1.89 | ||
| 2048 | 14.62 | 13.23 | -1.39 | — | -2.04 | -0.12 | 1.92 | ||
| 2049 | 14.64 | 13.23 | -1.40 | — | -2.07 | -0.13 | 1.95 | ||
| 2050 | 14.66 | 13.24 | -1.43 | — | -2.10 | -0.13 | 1.97 | ||
| 2051 | 14.69 | 13.24 | -1.45 | — | -2.12 | -0.13 | 1.99 | ||
| 2052 | 14.73 | 13.24 | -1.49 | — | -2.14 | -0.13 | 2.01 | ||
| 2053 | 14.78 | 13.25 | -1.53 | — | -2.16 | -0.13 | 2.03 | ||
| 2054 | 14.83 | 13.25 | -1.58 | — | -2.17 | -0.13 | 2.04 | ||
| 2055 | 14.89 | 13.26 | -1.63 | — | -2.19 | -0.13 | 2.06 | ||
| 2056 | 14.95 | 13.26 | -1.69 | — | -2.21 | -0.13 | 2.07 | ||
| 2057 | 15.02 | 13.27 | -1.75 | — | -2.22 | -0.14 | 2.09 | ||
| 2058 | 15.09 | 13.27 | -1.82 | — | -2.24 | -0.14 | 2.10 | ||
| 2059 | 15.16 | 13.28 | -1.88 | — | -2.26 | -0.14 | 2.12 | ||
| 2060 | 15.23 | 13.29 | -1.95 | — | -2.27 | -0.14 | 2.13 | ||
| 2061 | 15.29 | 13.29 | -2.00 | — | -2.29 | -0.14 | 2.15 | ||
| 2062 | 15.35 | 13.30 | -2.06 | — | -2.30 | -0.14 | 2.16 | ||
| 2063 | 15.40 | 13.30 | -2.10 | — | -2.32 | -0.14 | 2.18 | ||
| 2064 | 15.45 | 13.30 | -2.15 | — | -2.34 | -0.14 | 2.19 | ||
| 2065 | 15.50 | 13.31 | -2.19 | — | -2.35 | -0.15 | 2.21 | ||
| 2066 | 15.55 | 13.31 | -2.24 | — | -2.37 | -0.15 | 2.22 | ||
| 2067 | 15.60 | 13.32 | -2.28 | — | -2.39 | -0.15 | 2.24 | ||
| 2068 | 15.64 | 13.32 | -2.32 | — | -2.40 | -0.15 | 2.25 | ||
| 2069 | 15.70 | 13.32 | -2.37 | — | -2.42 | -0.15 | 2.27 | ||
| 2070 | 15.75 | 13.33 | -2.42 | — | -2.44 | -0.15 | 2.28 | ||
| 2071 | 15.80 | 13.33 | -2.47 | — | -2.45 | -0.15 | 2.30 | ||
| 2072 | 15.85 | 13.34 | -2.51 | — | -2.47 | -0.15 | 2.31 | ||
| 2073 | 15.89 | 13.34 | -2.55 | — | -2.48 | -0.15 | 2.33 | ||
| 2074 | 15.94 | 13.34 | -2.59 | — | -2.50 | -0.16 | 2.34 | ||
| 2075 | 15.97 | 13.35 | -2.63 | — | -2.51 | -0.16 | 2.35 | ||
| 2076 | 16.00 | 13.35 | -2.65 | — | -2.52 | -0.16 | 2.36 | ||
| 2077 | 16.03 | 13.35 | -2.68 | — | -2.53 | -0.16 | 2.37 | ||
| 2078 | 16.04 | 13.35 | -2.69 | — | -2.54 | -0.16 | 2.38 | ||
| 2079 | 16.04 | 13.35 | -2.69 | — | -2.55 | -0.16 | 2.39 | ||
| 2080 | 16.04 | 13.35 | -2.68 | — | -2.56 | -0.16 | 2.40 | ||
| 2081 | 16.02 | 13.35 | -2.67 | — | -2.57 | -0.16 | 2.40 | ||
| 2082 | 16.00 | 13.35 | -2.65 | — | -2.57 | -0.16 | 2.41 | ||
| 2083 | 15.97 | 13.35 | -2.62 | — | -2.57 | -0.16 | 2.41 | ||
| 2084 | 15.94 | 13.35 | -2.59 | — | -2.58 | -0.16 | 2.41 | ||
| 2085 | 15.89 | 13.35 | -2.55 | — | -2.58 | -0.16 | 2.41 | ||
| 2086 | 15.84 | 13.34 | -2.50 | — | -2.58 | -0.16 | 2.41 | ||
| 2087 | 15.79 | 13.34 | -2.45 | — | -2.58 | -0.16 | 2.41 | ||
| 2088 | 15.73 | 13.34 | -2.39 | — | -2.57 | -0.16 | 2.41 | ||
| 2089 | 15.68 | 13.33 | -2.34 | — | -2.57 | -0.16 | 2.41 | ||
| 2090 | 15.62 | 13.33 | -2.29 | — | -2.57 | -0.16 | 2.41 | ||
| 2091 | 15.58 | 13.33 | -2.25 | — | -2.56 | -0.16 | 2.40 | ||
| 2092 | 15.55 | 13.32 | -2.22 | — | -2.56 | -0.16 | 2.40 | ||
| 2093 | 15.52 | 13.32 | -2.20 | — | -2.56 | -0.16 | 2.40 | ||
| 2094 | 15.51 | 13.32 | -2.19 | — | -2.55 | -0.16 | 2.39 | ||
| 2095 | 15.51 | 13.32 | -2.19 | — | -2.55 | -0.16 | 2.39 | ||
| 2096 | 15.52 | 13.32 | -2.20 | — | -2.55 | -0.16 | 2.39 | ||
| 2097 | 15.54 | 13.33 | -2.22 | — | -2.55 | -0.16 | 2.39 | ||
| 2098 | 15.57 | 13.33 | -2.24 | — | -2.55 | -0.16 | 2.39 | ||
| 2099 | 15.60 | 13.33 | -2.27 | — | -2.56 | -0.16 | 2.40 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 15.35% | 13.68% | -1.66% | 2039 | -1.95% | -0.12% | 1.83% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.