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 2026.

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

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114114
20309797
20318081
20326364
20334646
20342829
20351010
2036-9-8
2037-28-27
2038-47-46
2039-67-66
2040-87-86
2041-108-106
2042-129-127
2043-150-147
2044-171-168
2045-192-189
2046-213-209
2047-234-230
2048-255-250
2049-276-271
2050-297-291
2051-318-312
2052-338-332
2053-359-353
2054-380-373
2055-401-394
2056-422-415
2057-444-435
2058-465-456
2059-487-477
2060-509-499
2061-531-521
2062-554-543
2063-577-566
2064-601-589
2065-625-612
2066-649-636
2067-674-660
2068-699-684
2069-724-709
2070-749-734
2071-776-759
2072-802-786
2073-830-812
2074-857-839
2075-885-867
2076-914-895
2077-944-925
2078-975-955
2079-1007-986
2080-1039-1018
2081-1072-1050
2082-1106-1083
2083-1139-1115
2084-1173-1149
2085-1207-1182
2086-1242-1216
2087-1275-1249
2088-1309-1282
2089-1342-1314
2090-1375-1346
2091-1407-1378
2092-1439-1409
2093-1471-1440
2094-1503-1472
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