Proposed Provision: B7.8. Replace the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) with a revised reduction for most OASI benefits based on all earnings, beginning with beneficiaries newly eligible in 2028.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324647
20332727
203477
2035-13-13
2036-33-33
2037-54-54
2038-76-75
2039-97-96
2040-119-118
2041-142-141
2042-165-163
2043-188-186
2044-211-209
2045-235-232
2046-258-256
2047-282-279
2048-306-303
2049-330-327
2050-354-350
2051-378-374
2052-403-399
2053-427-423
2054-452-447
2055-477-472
2056-502-496
2057-527-521
2058-552-546
2059-578-571
2060-604-596
2061-630-622
2062-657-648
2063-684-675
2064-712-702
2065-740-730
2066-768-757
2067-796-786
2068-825-814
2069-855-843
2070-884-872
2071-914-901
2072-945-931
2073-976-962
2074-1007-992
2075-1039-1024
2076-1071-1056
2077-1105-1089
2078-1139-1123
2079-1175-1158
2080-1211-1193
2081-1248-1230
2082-1286-1267
2083-1324-1304
2084-1363-1343
2085-1403-1382
2086-1443-1421
2087-1483-1461
2088-1524-1501
2089-1564-1540
2090-1604-1579
2091-1643-1618
2092-1681-1655
2093-1718-1691
2094-1754-1726
2095-1789-1761
2096-1825-1796
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