Blueprint and BPC Proposals, Total Budgetary Impact on OASDI

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Source: Office of the Chief Actuary, SSA: Blueprint and BPC.

Note: The Chief Actuary completed this analysis of the actuarial balance as a percent of taxable payroll before former President Biden in early January 2025 signed a Social Security bill that eliminates the system's Windfall Elimination Provision (WEP) and related Government Pension Offset (GPO). The new law increases the 75-year deficit slightly from 3.50% of taxable payroll to 3.62%. Both proposals originally envisioned changing WEP and GPO, but that proposal has been dropped in light of the new law.