Proposed Provision: Starting with the December 2013 cost-of-living adjustment (COLA), compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). This new computation is estimated to result in an annual COLA that is 0.3 percentage point less, on average. The new COLA would not apply to DI benefits and would apply for all OASI benefits, except for those who are converted from disabled worker to retired worker status.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346345
2014341341
2015335337
2016330332
2017324327
2018317322
2019309315
2020299307
2021289298
2022277288
2023264277
2024251265
2025237252
2026221239
2027205225
2028189210
2029171195
2030154179
2031136163
2032117147
203398130
203479113
20355996
20363979
20371961
2038-144
2039-2126
2040-428
2041-63-10
2042-84-27
2043-105-45
2044-126-63
2045-147-81
2046-168-99
2047-189-117
2048-211-135
2049-233-154
2050-255-172
2051-277-191
2052-299-209
2053-321-228
2054-344-247
2055-366-267
2056-389-286
2057-412-306
2058-436-326
2059-460-346
2060-485-367
2061-509-388
2062-534-410
2063-560-432
2064-586-454
2065-612-476
2066-638-499
2067-665-522
2068-692-546
2069-720-569
2070-748-593
2071-776-618
2072-805-643
2073-834-668
2074-864-694
2075-894-720
2076-925-747
2077-957-775
2078-989-802
2079-1021-831
2080-1054-859
2081-1087-889
2082-1121-918
2083-1156-949
2084-1191-979
2085-1227-1011
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