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 2023.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149149
2027132132
2028115115
20299898
20308181
20316464
20324646
20332728
203489
2035-11-10
2036-30-29
2037-50-49
2038-71-69
2039-91-89
2040-112-110
2041-133-131
2042-154-152
2043-176-173
2044-197-194
2045-218-215
2046-240-236
2047-262-257
2048-283-278
2049-305-300
2050-327-322
2051-349-343
2052-371-365
2053-393-386
2054-415-408
2055-437-430
2056-460-452
2057-482-474
2058-506-497
2059-529-520
2060-553-544
2061-578-568
2062-603-592
2063-628-617
2064-654-642
2065-680-668
2066-706-694
2067-733-720
2068-760-747
2069-788-774
2070-816-802
2071-845-830
2072-874-859
2073-905-889
2074-935-919
2075-967-951
2076-1000-983
2077-1033-1016
2078-1068-1049
2079-1102-1084
2080-1138-1118
2081-1173-1153
2082-1208-1188
2083-1243-1222
2084-1279-1257
2085-1314-1292
2086-1349-1326
2087-1384-1361
2088-1419-1395
2089-1455-1431
2090-1491-1466
2091-1528-1502
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