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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325858
20333939
20342021
203512
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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