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 2029.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 177 |
| 2026 | 160 | 160 |
| 2027 | 143 | 143 |
| 2028 | 126 | 126 |
| 2029 | 109 | 109 |
| 2030 | 91 | 91 |
| 2031 | 74 | 74 |
| 2032 | 57 | 57 |
| 2033 | 39 | 39 |
| 2034 | 21 | 22 |
| 2035 | 3 | 3 |
| 2036 | -16 | -15 |
| 2037 | -35 | -34 |
| 2038 | -54 | -54 |
| 2039 | -74 | -74 |
| 2040 | -95 | -94 |
| 2041 | -116 | -115 |
| 2042 | -137 | -136 |
| 2043 | -158 | -157 |
| 2044 | -180 | -178 |
| 2045 | -202 | -200 |
| 2046 | -224 | -222 |
| 2047 | -246 | -244 |
| 2048 | -268 | -266 |
| 2049 | -291 | -288 |
| 2050 | -313 | -310 |
| 2051 | -336 | -333 |
| 2052 | -359 | -355 |
| 2053 | -383 | -378 |
| 2054 | -406 | -401 |
| 2055 | -430 | -424 |
| 2056 | -453 | -448 |
| 2057 | -477 | -471 |
| 2058 | -501 | -495 |
| 2059 | -525 | -519 |
| 2060 | -550 | -543 |
| 2061 | -575 | -568 |
| 2062 | -601 | -593 |
| 2063 | -627 | -618 |
| 2064 | -654 | -645 |
| 2065 | -681 | -671 |
| 2066 | -708 | -698 |
| 2067 | -736 | -725 |
| 2068 | -764 | -753 |
| 2069 | -792 | -781 |
| 2070 | -821 | -809 |
| 2071 | -850 | -838 |
| 2072 | -880 | -867 |
| 2073 | -910 | -896 |
| 2074 | -940 | -926 |
| 2075 | -971 | -956 |
| 2076 | -1003 | -988 |
| 2077 | -1036 | -1020 |
| 2078 | -1069 | -1053 |
| 2079 | -1104 | -1087 |
| 2080 | -1139 | -1121 |
| 2081 | -1175 | -1157 |
| 2082 | -1212 | -1193 |
| 2083 | -1249 | -1229 |
| 2084 | -1286 | -1266 |
| 2085 | -1324 | -1304 |
| 2086 | -1363 | -1342 |
| 2087 | -1402 | -1380 |
| 2088 | -1442 | -1419 |
| 2089 | -1481 | -1457 |
| 2090 | -1520 | -1495 |
| 2091 | -1558 | -1533 |
| 2092 | -1595 | -1570 |
| 2093 | -1632 | -1606 |
| 2094 | -1668 | -1641 |
| 2095 | -1703 | -1676 |
| 2096 | -1738 | -1710 |
| 2097 | -1773 | -1744 |
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