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
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182182
2026165165
2027148148
2028130130
2029112112
20309494
20317576
20325657
20333737
20341617
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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