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 2026.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 213 |
2024 | 197 | 197 |
2025 | 180 | 180 |
2026 | 163 | 163 |
2027 | 147 | 147 |
2028 | 130 | 130 |
2029 | 114 | 114 |
2030 | 97 | 97 |
2031 | 80 | 81 |
2032 | 63 | 64 |
2033 | 46 | 46 |
2034 | 28 | 29 |
2035 | 10 | 10 |
2036 | -9 | -8 |
2037 | -28 | -27 |
2038 | -47 | -46 |
2039 | -67 | -66 |
2040 | -87 | -86 |
2041 | -108 | -106 |
2042 | -129 | -127 |
2043 | -150 | -147 |
2044 | -171 | -168 |
2045 | -192 | -189 |
2046 | -213 | -209 |
2047 | -234 | -230 |
2048 | -255 | -250 |
2049 | -276 | -271 |
2050 | -297 | -291 |
2051 | -318 | -312 |
2052 | -338 | -332 |
2053 | -359 | -353 |
2054 | -380 | -373 |
2055 | -401 | -394 |
2056 | -422 | -415 |
2057 | -444 | -435 |
2058 | -465 | -456 |
2059 | -487 | -477 |
2060 | -509 | -499 |
2061 | -531 | -521 |
2062 | -554 | -543 |
2063 | -577 | -566 |
2064 | -601 | -589 |
2065 | -625 | -612 |
2066 | -649 | -636 |
2067 | -674 | -660 |
2068 | -699 | -684 |
2069 | -724 | -709 |
2070 | -749 | -734 |
2071 | -776 | -759 |
2072 | -802 | -786 |
2073 | -830 | -812 |
2074 | -857 | -839 |
2075 | -885 | -867 |
2076 | -914 | -895 |
2077 | -944 | -925 |
2078 | -975 | -955 |
2079 | -1007 | -986 |
2080 | -1039 | -1018 |
2081 | -1072 | -1050 |
2082 | -1106 | -1083 |
2083 | -1139 | -1115 |
2084 | -1173 | -1149 |
2085 | -1207 | -1182 |
2086 | -1242 | -1216 |
2087 | -1275 | -1249 |
2088 | -1309 | -1282 |
2089 | -1342 | -1314 |
2090 | -1375 | -1346 |
2091 | -1407 | -1378 |
2092 | -1439 | -1409 |
2093 | -1471 | -1440 |
2094 | -1503 | -1472 |
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