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 2027.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 76 | 76 |
| 2032 | 58 | 58 |
| 2033 | 39 | 39 |
| 2034 | 20 | 21 |
| 2035 | 1 | 2 |
| 2036 | -19 | -18 |
| 2037 | -38 | -38 |
| 2038 | -59 | -58 |
| 2039 | -80 | -78 |
| 2040 | -101 | -99 |
| 2041 | -122 | -120 |
| 2042 | -144 | -142 |
| 2043 | -166 | -164 |
| 2044 | -188 | -185 |
| 2045 | -210 | -207 |
| 2046 | -232 | -229 |
| 2047 | -255 | -251 |
| 2048 | -277 | -273 |
| 2049 | -299 | -295 |
| 2050 | -322 | -317 |
| 2051 | -344 | -339 |
| 2052 | -367 | -362 |
| 2053 | -389 | -384 |
| 2054 | -412 | -406 |
| 2055 | -434 | -428 |
| 2056 | -457 | -451 |
| 2057 | -480 | -473 |
| 2058 | -504 | -496 |
| 2059 | -527 | -519 |
| 2060 | -551 | -542 |
| 2061 | -575 | -566 |
| 2062 | -599 | -590 |
| 2063 | -624 | -614 |
| 2064 | -650 | -639 |
| 2065 | -676 | -665 |
| 2066 | -702 | -690 |
| 2067 | -728 | -716 |
| 2068 | -755 | -742 |
| 2069 | -782 | -769 |
| 2070 | -809 | -796 |
| 2071 | -837 | -823 |
| 2072 | -866 | -851 |
| 2073 | -895 | -880 |
| 2074 | -925 | -909 |
| 2075 | -955 | -939 |
| 2076 | -986 | -969 |
| 2077 | -1018 | -1001 |
| 2078 | -1051 | -1033 |
| 2079 | -1084 | -1066 |
| 2080 | -1119 | -1100 |
| 2081 | -1154 | -1134 |
| 2082 | -1190 | -1169 |
| 2083 | -1226 | -1205 |
| 2084 | -1263 | -1241 |
| 2085 | -1300 | -1277 |
| 2086 | -1337 | -1314 |
| 2087 | -1374 | -1350 |
| 2088 | -1411 | -1387 |
| 2089 | -1448 | -1423 |
| 2090 | -1484 | -1458 |
| 2091 | -1520 | -1493 |
| 2092 | -1554 | -1527 |
| 2093 | -1589 | -1561 |
| 2094 | -1623 | -1594 |
| 2095 | -1657 | -1627 |
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