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 2025.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201812.612.613.813.8
201912.912.914.014.0
202012.912.914.114.1
202112.912.914.314.3
202212.912.914.414.4
202313.013.014.614.6
202413.013.014.814.8
202513.013.015.015.0
202613.113.115.215.2
202713.213.215.415.4
202813.213.215.615.6
202913.213.215.815.8
203013.213.216.016.0
203113.213.216.216.1
203213.213.216.316.3
203313.213.216.516.4
203413.213.216.616.5
203513.313.316.716.6
203613.313.316.716.7
203713.313.316.816.7
203813.313.316.816.8
203913.313.316.816.8
204013.313.316.816.7
204113.313.316.816.7
204213.313.316.816.7
204313.313.316.716.6
204413.313.316.716.6
204513.313.316.716.6
204613.313.316.616.5
204713.313.316.616.5
204813.313.316.616.5
204913.313.316.616.4
205013.313.316.516.4
205113.313.316.516.4
205213.313.316.516.4
205313.313.316.516.4
205413.313.316.616.4
205513.313.316.616.5
205613.313.316.616.5
205713.313.316.716.5
205813.313.316.716.6
205913.313.316.816.6
206013.313.316.816.7
206113.313.316.916.7
206213.313.316.916.8
206313.313.317.016.8
206413.313.317.016.9
206513.313.317.116.9
206613.313.317.117.0
206713.313.317.217.0
206813.313.317.217.1
206913.313.317.317.2
207013.313.317.417.2
207113.313.317.417.3
207213.313.317.517.3
207313.313.317.517.4
207413.313.317.617.4
207513.413.317.617.4
207613.413.317.617.5
207713.413.317.617.5
207813.413.317.617.5
207913.413.317.617.5
208013.413.317.617.5
208113.413.317.617.4
208213.413.317.617.4
208313.413.317.617.4
208413.413.317.517.4
208513.413.317.517.4
208613.413.317.517.4
208713.413.317.517.4
208813.413.317.517.4
208913.413.317.617.4
209013.413.317.617.5
209113.413.317.617.5
209213.413.417.717.5
209313.413.417.717.6
back