Proposed Provision: A5. Starting December 2022, add 1 percentage point to the annual COLA for beneficiaries who have lived past a "specified age". The "specified age" is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202112.312.314.114.1
202212.912.914.314.3
202312.912.914.414.4
202412.912.914.614.7
202513.013.014.914.9
202613.113.115.115.2
202713.113.115.415.4
202813.113.115.615.7
202913.213.215.915.9
203013.213.216.116.2
203113.213.216.316.4
203213.213.216.416.5
203313.213.216.616.7
203413.213.216.716.8
203513.213.216.716.8
203613.313.316.816.9
203713.313.316.917.0
203813.313.316.917.0
203913.313.317.017.1
204013.313.317.017.1
204113.313.317.017.1
204213.313.317.017.2
204313.313.317.017.2
204413.313.317.017.2
204513.313.317.017.2
204613.313.317.117.2
204713.313.317.117.2
204813.313.317.117.2
204913.313.317.117.3
205013.313.317.117.3
205113.313.317.217.3
205213.313.317.217.3
205313.313.317.217.4
205413.313.317.317.4
205513.313.317.317.4
205613.313.317.317.5
205713.313.317.417.5
205813.313.317.417.6
205913.313.317.517.6
206013.313.317.517.7
206113.313.317.617.7
206213.313.317.717.8
206313.313.317.717.8
206413.313.417.817.9
206513.313.417.817.9
206613.413.417.918.0
206713.413.417.918.0
206813.413.418.018.1
206913.413.418.018.1
207013.413.418.118.2
207113.413.418.118.2
207213.413.418.218.3
207313.413.418.218.4
207413.413.418.318.4
207513.413.418.318.4
207613.413.418.318.5
207713.413.418.418.5
207813.413.418.418.5
207913.413.418.418.5
208013.413.418.418.5
208113.413.418.318.5
208213.413.418.318.4
208313.413.418.318.4
208413.413.418.218.3
208513.413.418.118.3
208613.413.418.118.2
208713.413.418.018.1
208813.413.417.918.1
208913.413.417.918.0
209013.413.417.817.9
209113.413.417.817.9
209213.413.417.717.9
209313.413.417.717.8
209413.413.417.717.8
209513.413.417.717.8
209613.413.417.717.8
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