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 2030.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2023 | 204 | 204 |
2024 | 187 | 187 |
2025 | 168 | 168 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 114 | 114 |
2029 | 96 | 96 |
2030 | 78 | 78 |
2031 | 60 | 61 |
2032 | 43 | 43 |
2033 | 25 | 25 |
2034 | 7 | 7 |
2035 | -12 | -12 |
2036 | -31 | -31 |
2037 | -51 | -50 |
2038 | -70 | -70 |
2039 | -91 | -90 |
2040 | -112 | -111 |
2041 | -133 | -132 |
2042 | -154 | -154 |
2043 | -176 | -175 |
2044 | -198 | -197 |
2045 | -220 | -219 |
2046 | -243 | -241 |
2047 | -265 | -263 |
2048 | -288 | -286 |
2049 | -311 | -308 |
2050 | -333 | -331 |
2051 | -357 | -354 |
2052 | -380 | -377 |
2053 | -403 | -400 |
2054 | -427 | -423 |
2055 | -450 | -446 |
2056 | -474 | -469 |
2057 | -498 | -493 |
2058 | -522 | -517 |
2059 | -547 | -541 |
2060 | -572 | -565 |
2061 | -597 | -590 |
2062 | -623 | -616 |
2063 | -650 | -642 |
2064 | -677 | -669 |
2065 | -705 | -697 |
2066 | -733 | -724 |
2067 | -762 | -752 |
2068 | -791 | -781 |
2069 | -820 | -810 |
2070 | -850 | -839 |
2071 | -880 | -869 |
2072 | -911 | -899 |
2073 | -942 | -930 |
2074 | -974 | -961 |
2075 | -1006 | -992 |
2076 | -1039 | -1025 |
2077 | -1074 | -1059 |
2078 | -1108 | -1093 |
2079 | -1144 | -1128 |
2080 | -1181 | -1164 |
2081 | -1218 | -1201 |
2082 | -1256 | -1238 |
2083 | -1294 | -1276 |
2084 | -1333 | -1314 |
2085 | -1373 | -1353 |
2086 | -1413 | -1392 |
2087 | -1453 | -1432 |
2088 | -1494 | -1472 |
2089 | -1534 | -1511 |
2090 | -1574 | -1550 |
2091 | -1613 | -1589 |
2092 | -1651 | -1627 |
2093 | -1689 | -1663 |
2094 | -1726 | -1700 |
2095 | -1762 | -1735 |
2096 | -1798 | -1771 |
2097 | -1833 | -1805 |
2098 | -1868 | -1839 |
back