Proposed Provision: A8. Starting December 2023, for OASI beneficiaries only (DI beneficiaries would only be affected when their benefit converts to OASI at NRA), the annual COLA would be based on the chain-weighted version of the CPI-U.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202212.812.814.114.1
202313.013.014.314.3
202413.013.014.414.4
202513.013.014.714.6
202613.113.114.914.8
202713.113.115.115.0
202813.113.115.315.1
202913.213.215.515.3
203013.213.215.715.5
203113.213.215.915.6
203213.213.216.115.7
203313.313.216.215.8
203413.313.216.315.9
203513.313.216.416.0
203613.313.316.516.0
203713.313.316.616.1
203813.313.316.616.1
203913.313.316.716.2
204013.313.316.716.2
204113.313.316.716.2
204213.313.316.816.2
204313.313.316.816.2
204413.313.316.816.2
204513.313.316.816.2
204613.313.316.816.2
204713.313.316.916.2
204813.313.316.916.3
204913.313.316.916.3
205013.313.316.916.3
205113.313.317.016.3
205213.313.317.016.4
205313.313.317.116.4
205413.313.317.116.5
205513.313.317.116.5
205613.313.317.216.6
205713.313.317.316.6
205813.413.317.316.7
205913.413.317.416.7
206013.413.317.516.8
206113.413.317.516.8
206213.413.317.616.9
206313.413.317.617.0
206413.413.317.717.0
206513.413.317.717.1
206613.413.317.817.1
206713.413.317.817.1
206813.413.417.917.2
206913.413.417.917.2
207013.413.418.017.3
207113.413.418.117.4
207213.413.418.117.4
207313.413.418.217.4
207413.413.418.217.5
207513.413.418.317.5
207613.413.418.317.6
207713.413.418.317.6
207813.413.418.317.6
207913.413.418.317.6
208013.413.418.317.6
208113.413.418.317.5
208213.413.418.217.5
208313.413.418.217.5
208413.413.418.217.4
208513.413.418.117.4
208613.413.418.017.3
208713.413.418.017.2
208813.413.417.917.2
208913.413.417.917.1
209013.413.417.817.1
209113.413.317.717.0
209213.413.317.717.0
209313.413.317.716.9
209413.413.317.716.9
209513.413.317.616.9
209613.413.317.616.9
209713.413.317.616.9
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