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 2024.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 75 | 76 |
| 2032 | 56 | 57 |
| 2033 | 37 | 37 |
| 2034 | 16 | 17 |
| 2035 | -4 | -3 |
| 2036 | -26 | -25 |
| 2037 | -47 | -46 |
| 2038 | -70 | -68 |
| 2039 | -92 | -90 |
| 2040 | -115 | -113 |
| 2041 | -138 | -136 |
| 2042 | -161 | -158 |
| 2043 | -184 | -181 |
| 2044 | -207 | -204 |
| 2045 | -230 | -227 |
| 2046 | -253 | -250 |
| 2047 | -276 | -273 |
| 2048 | -300 | -296 |
| 2049 | -323 | -319 |
| 2050 | -346 | -342 |
| 2051 | -370 | -365 |
| 2052 | -393 | -388 |
| 2053 | -417 | -411 |
| 2054 | -440 | -434 |
| 2055 | -464 | -457 |
| 2056 | -487 | -480 |
| 2057 | -511 | -504 |
| 2058 | -536 | -528 |
| 2059 | -560 | -552 |
| 2060 | -585 | -577 |
| 2061 | -611 | -602 |
| 2062 | -637 | -627 |
| 2063 | -663 | -653 |
| 2064 | -690 | -679 |
| 2065 | -717 | -706 |
| 2066 | -745 | -733 |
| 2067 | -772 | -761 |
| 2068 | -801 | -788 |
| 2069 | -829 | -816 |
| 2070 | -858 | -845 |
| 2071 | -888 | -874 |
| 2072 | -918 | -904 |
| 2073 | -949 | -935 |
| 2074 | -981 | -966 |
| 2075 | -1014 | -998 |
| 2076 | -1047 | -1031 |
| 2077 | -1082 | -1065 |
| 2078 | -1117 | -1100 |
| 2079 | -1153 | -1135 |
| 2080 | -1190 | -1171 |
| 2081 | -1227 | -1208 |
| 2082 | -1264 | -1244 |
| 2083 | -1300 | -1280 |
| 2084 | -1337 | -1316 |
| 2085 | -1374 | -1352 |
| 2086 | -1410 | -1388 |
| 2087 | -1446 | -1424 |
| 2088 | -1483 | -1460 |
| 2089 | -1520 | -1496 |
| 2090 | -1557 | -1533 |
| 2091 | -1595 | -1570 |
| 2092 | -1633 | -1608 |
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