| Benefit Offset 100.0% UltimateIA Contribution = 5.1%With Ultimate Real Trust Fund Interest Rate  3.0With Ultimate Real IA Net Yield Rate of: 5.03With Offset Annuity Net Yield Rate of: 5.03                                                               |
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| 2003                                                                                                                                                                                                                                                       | 10.89 | 12.70 | 1.81 | 288 |   | 12.40 |   |   |   |   |
| 2004                                                                                                                                                                                                                                                       | 10.82 | 12.69 | 1.88 | 309 |   | 12.40 |   |   |   |   |
| 2005                                                                                                                                                                                                                                                       | 10.73 | 8.41 | -2.32 | 330 | 35 | 8.11 | -39 | 1.51 | 4.29 |   |
| 2006                                                                                                                                                                                                                                                       | 10.65 | 8.16 | -2.50 | 326 | 35 | 7.85 | -44 | 1.64 | 4.55 |   |
| 2007                                                                                                                                                                                                                                                       | 10.67 | 8.08 | -2.58 | 320 | 35 | 7.77 | -48 | 1.70 | 4.63 |   |
| 2008                                                                                                                                                                                                                                                       | 10.73 | 8.02 | -2.71 | 313 | 35 | 7.69 | -54 | 1.76 | 4.71 |   |
| 2009                                                                                                                                                                                                                                                       | 10.84 | 7.96 | -2.88 | 304 | 35 | 7.62 | -64 | 1.82 | 4.78 |   |
| 2010                                                                                                                                                                                                                                                       | 10.99 | 7.91 | -3.07 | 294 | 35 | 7.55 | -75 | 1.88 | 4.85 |   |
| 2011                                                                                                                                                                                                                                                       | 11.16 | 7.91 | -3.25 | 283 | 35 | 7.51 | -87 | 1.93 | 4.89 |   |
| 2012                                                                                                                                                                                                                                                       | 11.33 | 7.89 | -3.44 | 271 | 35 | 7.47 | -101 | 1.98 | 4.93 |   |
| 2013                                                                                                                                                                                                                                                       | 11.53 | 7.87 | -3.65 | 257 | 35 | 7.43 | -119 | 2.01 | 4.97 |   |
| 2014                                                                                                                                                                                                                                                       | 11.74 | 7.86 | -3.88 | 242 | 35 | 7.40 | -139 | 2.05 | 5.00 |   |
| 2015                                                                                                                                                                                                                                                       | 11.96 | 7.85 | -4.11 | 226 | 35 | 7.37 | -161 | 2.08 | 5.03 |   |
| 2016                                                                                                                                                                                                                                                       | 12.21 | 7.86 | -4.35 | 209 | 35 | 7.36 | -186 | 2.10 | 5.04 |   |
| 2017                                                                                                                                                                                                                                                       | 12.46 | 7.87 | -4.59 | 190 | 35 | 7.35 | -214 | 2.13 | 5.05 |   |
| 2018                                                                                                                                                                                                                                                       | 12.72 | 7.88 | -4.84 | 170 | 35 | 7.34 | -244 | 2.15 | 5.06 |   |
| 2019                                                                                                                                                                                                                                                       | 12.97 | 7.90 | -5.07 | 148 | 35 | 7.33 | -275 | 2.16 | 5.07 |   |
| 2020                                                                                                                                                                                                                                                       | 13.23 | 7.91 | -5.31 | 126 | 35 | 7.33 | -310 | 2.18 | 5.07 |   |
| 2021                                                                                                                                                                                                                                                       | 13.48 | 10.93 | -2.55 | 103 | 35 | 10.32 | -347 | 2.19 | 5.08 | 3.00 |
| 2022                                                                                                                                                                                                                                                       | 13.71 | 11.45 | -2.26 | 100 | 35 | 10.82 | -384 | 2.19 | 5.08 | 3.50 |
| 2023                                                                                                                                                                                                                                                       | 13.89 | 11.67 | -2.22 | 100 | 35 | 11.02 | -419 | 2.20 | 5.08 | 3.70 |
| 2024                                                                                                                                                                                                                                                       | 14.05 | 11.78 | -2.27 | 100 | 35 | 11.11 | -454 | 2.20 | 5.09 | 3.80 |
| 2025                                                                                                                                                                                                                                                       | 14.19 | 11.90 | -2.29 | 100 | 35 | 11.21 | -490 | 2.20 | 5.09 | 3.90 |
| 2026                                                                                                                                                                                                                                                       | 14.30 | 11.92 | -2.38 | 100 | 35 | 11.21 | -524 | 2.19 | 5.09 | 3.90 |
| 2027                                                                                                                                                                                                                                                       | 14.38 | 12.03 | -2.35 | 100 | 35 | 11.31 | -558 | 2.18 | 5.09 | 4.00 |
| 2028                                                                                                                                                                                                                                                       | 14.44 | 12.05 | -2.39 | 100 | 35 | 11.31 | -590 | 2.17 | 5.09 | 4.00 |
| 2029                                                                                                                                                                                                                                                       | 14.46 | 12.07 | -2.39 | 100 | 35 | 11.30 | -619 | 2.15 | 5.10 | 4.00 |
| 2030                                                                                                                                                                                                                                                       | 14.43 | 11.98 | -2.45 | 100 | 35 | 11.20 | -645 | 2.13 | 5.10 | 3.90 |
| 2031                                                                                                                                                                                                                                                       | 14.37 | 11.89 | -2.48 | 100 | 35 | 11.10 | -666 | 2.10 | 5.10 | 3.80 |
| 2032                                                                                                                                                                                                                                                       | 14.27 | 11.91 | -2.37 | 100 | 35 | 11.10 | -683 | 2.07 | 5.10 | 3.80 |
| 2033                                                                                                                                                                                                                                                       | 14.14 | 11.72 | -2.42 | 100 | 35 | 10.90 | -695 | 2.03 | 5.10 | 3.60 |
| 2034                                                                                                                                                                                                                                                       | 13.97 | 11.53 | -2.44 | 100 | 35 | 10.70 | -701 | 1.99 | 5.10 | 3.40 |
| 2035                                                                                                                                                                                                                                                       | 13.79 | 11.43 | -2.36 | 100 | 35 | 10.60 | -706 | 1.94 | 5.10 | 3.30 |
| 2036                                                                                                                                                                                                                                                       | 13.59 | 11.24 | -2.34 | 100 | 35 | 10.40 | -705 | 1.89 | 5.10 | 3.10 |
| 2037                                                                                                                                                                                                                                                       | 13.36 | 11.05 | -2.31 | 100 | 35 | 10.20 | -699 | 1.83 | 5.10 | 2.90 |
| 2038                                                                                                                                                                                                                                                       | 13.10 | 10.86 | -2.24 | 100 | 35 | 10.00 | -687 | 1.77 | 5.10 | 2.70 |
| 2039                                                                                                                                                                                                                                                       | 12.83 | 10.57 | -2.26 | 100 | 35 | 9.70 | -670 | 1.70 | 5.10 | 2.40 |
| 2040                                                                                                                                                                                                                                                       | 12.54 | 10.37 | -2.17 | 100 | 35 | 9.50 | -648 | 1.63 | 5.10 | 2.20 |
| 2041                                                                                                                                                                                                                                                       | 12.25 | 10.18 | -2.06 | 100 | 35 | 9.30 | -621 | 1.55 | 5.10 | 2.00 |
| 2042                                                                                                                                                                                                                                                       | 11.94 | 9.99 | -1.95 | 100 | 35 | 9.10 | -589 | 1.46 | 5.10 | 1.80 |
| 2043                                                                                                                                                                                                                                                       | 11.63 | 9.70 | -1.93 | 100 | 35 | 8.80 | -554 | 1.37 | 5.10 | 1.50 |
| 2044                                                                                                                                                                                                                                                       | 11.31 | 9.61 | -1.70 | 100 | 35 | 8.70 | -515 | 1.27 | 5.10 | 1.40 |
| 2045                                                                                                                                                                                                                                                       | 11.01 | 9.32 | -1.70 | 100 | 35 | 8.40 | -479 | 1.16 | 5.10 | 1.10 |
| 2046                                                                                                                                                                                                                                                       | 10.74 | 9.23 | -1.51 | 100 | 35 | 8.30 | -445 | 1.06 | 5.10 | 1.00 |
| 2047                                                                                                                                                                                                                                                       | 10.46 | 9.04 | -1.42 | 100 | 35 | 8.10 | -408 | 0.94 | 5.10 | 0.80 |
| 2048                                                                                                                                                                                                                                                       | 10.18 | 8.85 | -1.33 | 100 | 35 | 7.90 | -368 | 0.82 | 5.10 | 0.60 |
| 2049                                                                                                                                                                                                                                                       | 9.86 | 8.67 | -1.19 | 100 | 35 | 7.70 | -318 | 0.68 | 5.10 | 0.40 |
| 2050                                                                                                                                                                                                                                                       | 9.55 | 8.58 | -0.97 | 100 | 35 | 7.60 | -269 | 0.53 | 5.10 | 0.30 |
| 2051                                                                                                                                                                                                                                                       | 9.28 | 8.50 | -0.79 | 100 | 35 | 7.50 | -227 | 0.39 | 5.10 | 0.20 |
| 2052                                                                                                                                                                                                                                                       | 9.04 | 8.52 | -0.52 | 100 | 35 | 7.50 | -189 | 0.24 | 5.10 | 0.20 |
| 2053                                                                                                                                                                                                                                                       | 8.89 | 8.43 | -0.45 | 100 | 35 | 7.40 | -173 | 0.13 | 5.10 | 0.10 |
| 2054                                                                                                                                                                                                                                                       | 8.75 | 8.40 | -0.35 | 100 | 35 | 7.35 | -162 | 0.03 | 5.10 | 0.05 |
| 2055                                                                                                                                                                                                                                                       | 8.58 | 8.37 | -0.21 | 100 | 35 | 7.30 | -130 | -0.08 | 5.10 |   |
| 2056                                                                                                                                                                                                                                                       | 8.42 | 8.38 | -0.03 | 100 | 35 | 7.30 | -100 | -0.18 | 5.10 |   |
| 2057                                                                                                                                                                                                                                                       | 8.27 | 8.40 | 0.13 | 102 | 35 | 7.30 | -71 | -0.28 | 5.10 |   |
| 2058                                                                                                                                                                                                                                                       | 8.12 | 8.41 | 0.29 | 103 | 35 | 7.30 | -43 | -0.37 | 5.10 |   |
| 2059                                                                                                                                                                                                                                                       | 7.99 | 8.43 | 0.44 | 106 | 35 | 7.30 | -16 | -0.47 | 5.10 |   |
| 2060                                                                                                                                                                                                                                                       | 7.87 | 8.44 | 0.57 | 109 | 35 | 7.30 | 10 | -0.55 | 5.10 |   |
| 2061                                                                                                                                                                                                                                                       | 7.76 | 8.46 | 0.69 | 113 | 34.99 | 7.30 | 7 | -0.68 | 5.10 |   |
| 2062                                                                                                                                                                                                                                                       | 7.68 | 8.47 | 0.80 | 116 | 34.98 | 7.30 | 22 | -0.76 | 5.10 |   |
| 2063                                                                                                                                                                                                                                                       | 7.61 | 8.49 | 0.88 | 120 | 34.96 | 7.30 | 1 | -0.88 | 5.10 |   |
| 2064                                                                                                                                                                                                                                                       | 7.55 | 8.51 | 0.95 | 123 | 34.94 | 7.30 | 0 | -0.95 | 5.10 |   |
| 2065                                                                                                                                                                                                                                                       | 7.44 | 8.52 | 1.07 | 127 | 34.91 | 7.30 | 7 | -1.06 | 5.10 |   |
| 2066                                                                                                                                                                                                                                                       | 7.35 | 8.53 | 1.18 | 131 | 34.87 | 7.30 | 7 | -1.17 | 5.10 |   |
| 2067                                                                                                                                                                                                                                                       | 7.27 | 8.54 | 1.27 | 135 | 34.83 | 7.30 | 32 | -1.22 | 5.10 |   |
| 2068                                                                                                                                                                                                                                                       | 7.21 | 8.55 | 1.34 | 139 | 34.78 | 7.30 | 16 | -1.32 | 5.10 |   |
| 2069                                                                                                                                                                                                                                                       | 7.16 | 8.56 | 1.40 | 143 | 34.73 | 7.30 | 29 | -1.36 | 5.10 |   |
| 2070                                                                                                                                                                                                                                                       | 7.12 | 8.56 | 1.45 | 147 | 34.68 | 7.30 | 36 | -1.40 | 5.10 |   |
| 2071                                                                                                                                                                                                                                                       | 7.10 | 8.57 | 1.48 | 151 | 34.63 | 7.30 | 37 | -1.44 | 5.10 |   |
| 2072                                                                                                                                                                                                                                                       | 7.08 | 8.58 | 1.50 | 154 | 34.58 | 7.30 | 32 | -1.46 | 5.10 |   |
| 2073                                                                                                                                                                                                                                                       | 7.08 | 8.59 | 1.51 | 158 | 34.53 | 7.30 | 21 | -1.49 | 5.10 |   |
| 2074                                                                                                                                                                                                                                                       | 7.09 | 8.60 | 1.51 | 161 | 34.48 | 7.30 | 3 | -1.51 | 5.10 |   |
| 2075                                                                                                                                                                                                                                                       | 7.11 | 8.61 | 1.50 | 163 | 34.44 | 7.30 | 29 | -1.47 | 5.10 |   |
| 2076                                                                                                                                                                                                                                                       | 7.14 | 8.62 | 1.48 | 166 | 34.40 | 7.30 | 0 | -1.48 | 5.10 |   |
| 2077                                                                                                                                                                                                                                                       | 7.17 | 8.62 | 1.45 | 168 | 34.37 | 7.30 | 21 | -1.43 | 5.10 |   |
| 2078                                                                                                                                                                                                                                                       | 7.22 | 8.63 | 1.42 | 170 | 34.35 | 7.30 | 40 | -1.38 | 5.10 |   |
|                                                                                                                                                                                                                                                       | Summarized |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                       | CostRateOASDI |  IncomeRateOASDI |  ActuarialBalanceOASDI |  Change inActuarialBalance |   |   |   |   |   |   |
| 2003-2077                                                                                                                                                                                                                                                  | 11.33 | 10.20 | -1.13 | 0.78 |   |   |   |   |   |   |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1 Net of Benefit Offset.2 Including borrowing from Individual Accounts in Form of Social Security Transition Bonds.3 Excluding reinvestment of interest in Social Security Transition Bonds. |
|                                                                                                                                                                                                                                                       | Office of the Chief ActuarySocial Security AdministrationSeptember 9, 2003 |

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