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 2029.

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

Year Current Law Provision
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109109
20309191
20317474
20325757
20333939
20342122
203533
2036-16-15
2037-35-34
2038-54-54
2039-74-74
2040-95-94
2041-116-115
2042-137-136
2043-158-157
2044-180-178
2045-202-200
2046-224-222
2047-246-244
2048-268-266
2049-291-288
2050-313-310
2051-336-333
2052-359-355
2053-383-378
2054-406-401
2055-430-424
2056-453-448
2057-477-471
2058-501-495
2059-525-519
2060-550-543
2061-575-568
2062-601-593
2063-627-618
2064-654-645
2065-681-671
2066-708-698
2067-736-725
2068-764-753
2069-792-781
2070-821-809
2071-850-838
2072-880-867
2073-910-896
2074-940-926
2075-971-956
2076-1003-988
2077-1036-1020
2078-1069-1053
2079-1104-1087
2080-1139-1121
2081-1175-1157
2082-1212-1193
2083-1249-1229
2084-1286-1266
2085-1324-1304
2086-1363-1342
2087-1402-1380
2088-1442-1419
2089-1481-1457
2090-1520-1495
2091-1558-1533
2092-1595-1570
2093-1632-1606
2094-1668-1641
2095-1703-1676
2096-1738-1710
2097-1773-1744
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