Policy Option Projections
Below are our projections of the effects of various retirement policy proposals on Social Security beneficiaries. For each proposal, we also link to SSA's actuarial projections of the effects on the Social Security trust fund.
- Benefit Formula
- Cost of Living
- Covered Worker
Cost of Living Adjustment Changes
|Proposal||Start/End Date(s)||Proposed by?||Projected Effects on…|
|Beneficiaries in…||Trust Fundsa|
|Increase the cost of living adjustment|
|Base it on the CPI-E||2016/NA||NASI||2030 | 2050 | 2070||OACT A6|
|Reduce the cost of living adjustment|
|Base it on the Chained CPI||2013/NA||SSAB||2030 | 2050 | 2070||OACT A3|
NOTE: OACT = Office of the Chief Actuary, SSAB = Social Security Advisory Board.
a. Because the timing of OACT updates to Trust Fund projections may not coincide with the timing of our updates, the specifications used to make these projections (e.g., years and amounts) may differ.