Proposed Provision: A9. For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross income (MAGI) below $100,750 and for joint filers with MAGI below $201,500 for December 2024 ($85,000 and $170,000 multiplied by estimated CPI-U for 2018-2024), use the chain-weighted version of the Consumer Price Index for All Urban Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2024 COLA. For those beneficiaries whose MAGI is above these thresholds, provide no COLA. Use prior tax year income data for this determination. Use the chain-weighted CPI for the COLA for years prior to benefit receipt. Index the eligibility income threshold amounts to the CPI-U after December 2024.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2022230230
2023211211
2024194194
2025177178
2026160162
2027143146
2028126131
2029109116
203091101
20317487
20325772
20333958
20342143
2035329
2036-1614
2037-350
2038-54-15
2039-74-30
2040-95-46
2041-116-61
2042-137-76
2043-158-92
2044-180-107
2045-202-122
2046-224-138
2047-246-153
2048-268-168
2049-291-184
2050-313-199
2051-336-215
2052-359-230
2053-383-246
2054-406-261
2055-430-277
2056-453-293
2057-477-309
2058-501-325
2059-525-341
2060-550-358
2061-575-375
2062-601-393
2063-627-411
2064-654-429
2065-681-447
2066-708-466
2067-736-485
2068-764-504
2069-792-524
2070-821-544
2071-850-564
2072-880-584
2073-910-605
2074-940-625
2075-971-647
2076-1003-669
2077-1036-691
2078-1069-714
2079-1104-738
2080-1139-762
2081-1175-786
2082-1212-811
2083-1249-836
2084-1286-861
2085-1324-886
2086-1363-911
2087-1402-937
2088-1442-962
2089-1481-987
2090-1520-1012
2091-1558-1035
2092-1595-1058
2093-1632-1081
2094-1668-1102
2095-1703-1123
2096-1738-1144
2097-1773-1164
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