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 2027.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2020 | 261 | 261 |
2021 | 248 | 248 |
2022 | 233 | 233 |
2023 | 217 | 217 |
2024 | 200 | 200 |
2025 | 183 | 183 |
2026 | 165 | 165 |
2027 | 148 | 148 |
2028 | 130 | 130 |
2029 | 112 | 112 |
2030 | 94 | 94 |
2031 | 76 | 76 |
2032 | 58 | 58 |
2033 | 39 | 39 |
2034 | 20 | 21 |
2035 | 1 | 2 |
2036 | -19 | -18 |
2037 | -38 | -38 |
2038 | -59 | -58 |
2039 | -80 | -78 |
2040 | -101 | -99 |
2041 | -122 | -120 |
2042 | -144 | -142 |
2043 | -166 | -164 |
2044 | -188 | -185 |
2045 | -210 | -207 |
2046 | -232 | -229 |
2047 | -255 | -251 |
2048 | -277 | -273 |
2049 | -299 | -295 |
2050 | -322 | -317 |
2051 | -344 | -339 |
2052 | -367 | -362 |
2053 | -389 | -384 |
2054 | -412 | -406 |
2055 | -434 | -428 |
2056 | -457 | -451 |
2057 | -480 | -473 |
2058 | -504 | -496 |
2059 | -527 | -519 |
2060 | -551 | -542 |
2061 | -575 | -566 |
2062 | -599 | -590 |
2063 | -624 | -614 |
2064 | -650 | -639 |
2065 | -676 | -665 |
2066 | -702 | -690 |
2067 | -728 | -716 |
2068 | -755 | -742 |
2069 | -782 | -769 |
2070 | -809 | -796 |
2071 | -837 | -823 |
2072 | -866 | -851 |
2073 | -895 | -880 |
2074 | -925 | -909 |
2075 | -955 | -939 |
2076 | -986 | -969 |
2077 | -1018 | -1001 |
2078 | -1051 | -1033 |
2079 | -1084 | -1066 |
2080 | -1119 | -1100 |
2081 | -1154 | -1134 |
2082 | -1190 | -1169 |
2083 | -1226 | -1205 |
2084 | -1263 | -1241 |
2085 | -1300 | -1277 |
2086 | -1337 | -1314 |
2087 | -1374 | -1350 |
2088 | -1411 | -1387 |
2089 | -1448 | -1423 |
2090 | -1484 | -1458 |
2091 | -1520 | -1493 |
2092 | -1554 | -1527 |
2093 | -1589 | -1561 |
2094 | -1623 | -1594 |
2095 | -1657 | -1627 |
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