| IA proceeds go to estate if worker dies before entitlementUltimate Real Trust Fund Interest Rate 3.00Ultimate Real PRSA Rate for Offset     3.70Assumed PRSA Participation Rate   100%                                                           |
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|                                                                                                                                                                                                                                             | (In Billions of Present Value Dollars as of 1/1/2003) |
| 2003                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |
| 2004                                                                                                                                                                                                                                             | 0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 |
| 2005                                                                                                                                                                                                                                             | 121 | 119.7 | 0.0 | 120 | 119.7 | 0.0 | 121 | 119.7 | 0.0 |
| 2006                                                                                                                                                                                                                                             | 243 | 119.4 | 0.1 | 238 | 119.4 | 0.1 | 244 | 119.4 | 0.1 |
| 2007                                                                                                                                                                                                                                             | 367 | 118.7 | 0.3 | 356 | 118.7 | 0.3 | 368 | 118.7 | 0.3 |
| 2008                                                                                                                                                                                                                                             | 491 | 117.9 | 0.6 | 472 | 117.9 | 0.6 | 494 | 117.9 | 0.6 |
| 2009                                                                                                                                                                                                                                             | 617 | 116.9 | 1.1 | 586 | 116.9 | 1.1 | 621 | 116.9 | 1.1 |
| 2010                                                                                                                                                                                                                                             | 742 | 115.8 | 1.6 | 698 | 115.8 | 1.6 | 748 | 115.8 | 1.6 |
| 2011                                                                                                                                                                                                                                             | 868 | 114.5 | 2.2 | 808 | 114.5 | 2.2 | 876 | 114.5 | 2.2 |
| 2012                                                                                                                                                                                                                                             | 994 | 113.1 | 3.0 | 915 | 113.1 | 3.0 | 1,004 | 113.1 | 3.0 |
| 2013                                                                                                                                                                                                                                             | 1,119 | 111.7 | 3.9 | 1,020 | 111.7 | 3.9 | 1,133 | 111.7 | 3.9 |
| 2014                                                                                                                                                                                                                                             | 1,244 | 110.3 | 4.8 | 1,122 | 110.3 | 4.8 | 1,261 | 110.3 | 4.8 |
| 2015                                                                                                                                                                                                                                             | 1,368 | 108.9 | 5.9 | 1,221 | 108.9 | 5.9 | 1,389 | 108.9 | 5.9 |
| 2016                                                                                                                                                                                                                                             | 1,492 | 107.4 | 7.1 | 1,317 | 107.4 | 7.1 | 1,517 | 107.4 | 7.1 |
| 2017                                                                                                                                                                                                                                             | 1,614 | 105.9 | 8.4 | 1,410 | 105.9 | 8.4 | 1,644 | 105.9 | 8.4 |
| 2018                                                                                                                                                                                                                                             | 1,736 | 104.4 | 9.8 | 1,500 | 104.4 | 9.7 | 1,770 | 104.4 | 9.8 |
| 2019                                                                                                                                                                                                                                             | 1,856 | 102.9 | 11.3 | 1,587 | 102.9 | 11.0 | 1,895 | 102.9 | 11.3 |
| 2020                                                                                                                                                                                                                                             | 1,974 | 101.4 | 12.9 | 1,670 | 101.4 | 12.4 | 2,019 | 101.4 | 13.0 |
| 2021                                                                                                                                                                                                                                             | 2,092 | 100.0 | 14.7 | 1,751 | 100.0 | 13.8 | 2,142 | 100.0 | 14.8 |
| 2022                                                                                                                                                                                                                                             | 2,207 | 98.5 | 16.5 | 1,828 | 98.5 | 15.3 | 2,264 | 98.5 | 16.6 |
| 2023                                                                                                                                                                                                                                             | 2,320 | 97.0 | 18.4 | 1,901 | 97.0 | 16.9 | 2,384 | 97.0 | 18.6 |
| 2024                                                                                                                                                                                                                                             | 2,432 | 95.6 | 20.5 | 1,971 | 95.6 | 18.5 | 2,502 | 95.6 | 20.7 |
| 2025                                                                                                                                                                                                                                             | 2,541 | 94.2 | 22.6 | 2,038 | 94.2 | 20.1 | 2,618 | 94.2 | 22.9 |
| 2026                                                                                                                                                                                                                                             | 2,656 | 100.9 | 24.8 | 2,110 | 100.9 | 21.8 | 2,740 | 100.9 | 25.3 |
| 2027                                                                                                                                                                                                                                             | 2,768 | 99.4 | 27.2 | 2,178 | 99.4 | 23.5 | 2,860 | 99.4 | 27.7 |
| 2028                                                                                                                                                                                                                                             | 2,877 | 98.0 | 29.6 | 2,242 | 98.0 | 25.2 | 2,977 | 98.0 | 30.3 |
| 2029                                                                                                                                                                                                                                             | 2,984 | 96.5 | 32.2 | 2,303 | 96.5 | 26.9 | 3,092 | 96.5 | 32.9 |
| 2030                                                                                                                                                                                                                                             | 3,088 | 95.1 | 34.8 | 2,360 | 95.1 | 28.7 | 3,204 | 95.1 | 35.7 |
| 2031                                                                                                                                                                                                                                             | 3,189 | 93.7 | 37.5 | 2,414 | 93.7 | 30.5 | 3,313 | 93.7 | 38.6 |
| 2032                                                                                                                                                                                                                                             | 3,286 | 92.4 | 40.4 | 2,464 | 92.4 | 32.4 | 3,419 | 92.4 | 41.6 |
| 2033                                                                                                                                                                                                                                             | 3,380 | 91.1 | 43.3 | 2,510 | 91.1 | 34.2 | 3,522 | 91.1 | 44.7 |
| 2034                                                                                                                                                                                                                                             | 3,471 | 89.7 | 46.3 | 2,553 | 89.7 | 36.0 | 3,621 | 89.7 | 47.8 |
| 2035                                                                                                                                                                                                                                             | 3,558 | 88.4 | 49.3 | 2,593 | 88.4 | 37.8 | 3,717 | 88.4 | 51.1 |
| 2036                                                                                                                                                                                                                                             | 3,641 | 87.1 | 52.5 | 2,629 | 87.1 | 39.7 | 3,809 | 87.1 | 54.5 |
| 2037                                                                                                                                                                                                                                             | 3,719 | 85.8 | 55.7 | 2,661 | 85.8 | 41.5 | 3,896 | 85.8 | 57.9 |
| 2038                                                                                                                                                                                                                                             | 3,794 | 84.5 | 58.9 | 2,690 | 84.5 | 43.3 | 3,980 | 84.5 | 61.4 |
| 2039                                                                                                                                                                                                                                             | 3,871 | 89.9 | 62.3 | 2,723 | 89.9 | 45.1 | 4,066 | 89.9 | 65.0 |
| 2040                                                                                                                                                                                                                                             | 3,949 | 93.8 | 65.7 | 2,757 | 93.8 | 46.9 | 4,152 | 93.8 | 68.7 |
| 2041                                                                                                                                                                                                                                             | 4,027 | 97.6 | 69.1 | 2,793 | 97.6 | 48.7 | 4,239 | 97.6 | 72.5 |
| 2042                                                                                                                                                                                                                                             | 4,105 | 101.2 | 72.7 | 2,830 | 101.2 | 50.4 | 4,325 | 101.2 | 76.3 |
| 2043                                                                                                                                                                                                                                             | 4,183 | 104.7 | 76.3 | 2,868 | 104.7 | 52.2 | 4,412 | 104.7 | 80.3 |
| 2044                                                                                                                                                                                                                                             | 4,261 | 108.0 | 79.9 | 2,908 | 108.0 | 54.0 | 4,498 | 108.0 | 84.3 |
| 2045                                                                                                                                                                                                                                             | 4,339 | 111.2 | 83.7 | 2,949 | 111.2 | 55.8 | 4,584 | 111.2 | 88.4 |
| 2046                                                                                                                                                                                                                                             | 4,416 | 114.2 | 87.3 | 2,990 | 114.2 | 57.5 | 4,668 | 114.2 | 92.4 |
| 2047                                                                                                                                                                                                                                             | 4,492 | 117.1 | 90.8 | 3,033 | 117.1 | 59.1 | 4,752 | 117.1 | 96.3 |
| 2048                                                                                                                                                                                                                                             | 4,568 | 119.9 | 94.2 | 3,076 | 119.9 | 60.6 | 4,836 | 119.9 | 100.1 |
| 2049                                                                                                                                                                                                                                             | 4,644 | 122.5 | 97.5 | 3,121 | 122.5 | 62.1 | 4,919 | 122.5 | 103.7 |
| 2050                                                                                                                                                                                                                                             | 4,719 | 125.0 | 100.7 | 3,166 | 125.0 | 63.5 | 5,001 | 125.0 | 107.2 |
| 2051                                                                                                                                                                                                                                             | 4,794 | 127.4 | 103.7 | 3,211 | 127.4 | 64.8 | 5,082 | 127.4 | 110.7 |
| 2052                                                                                                                                                                                                                                             | 4,869 | 129.7 | 106.7 | 3,258 | 129.7 | 66.1 | 5,163 | 129.7 | 113.9 |
| 2053                                                                                                                                                                                                                                             | 4,943 | 131.9 | 109.5 | 3,305 | 131.9 | 67.3 | 5,244 | 131.9 | 117.1 |
| 2054                                                                                                                                                                                                                                             | 5,017 | 133.9 | 112.2 | 3,352 | 133.9 | 68.5 | 5,324 | 133.9 | 120.2 |
| 2055                                                                                                                                                                                                                                             | 5,091 | 135.9 | 114.9 | 3,401 | 135.9 | 69.6 | 5,403 | 135.9 | 123.1 |
| 2056                                                                                                                                                                                                                                             | 5,164 | 137.8 | 117.4 | 3,449 | 137.8 | 70.7 | 5,483 | 137.8 | 125.9 |
| 2057                                                                                                                                                                                                                                             | 5,238 | 139.5 | 119.8 | 3,498 | 139.5 | 71.8 | 5,562 | 139.5 | 128.6 |
| 2058                                                                                                                                                                                                                                             | 5,311 | 141.2 | 122.1 | 3,547 | 141.2 | 72.8 | 5,640 | 141.2 | 131.3 |
| 2059                                                                                                                                                                                                                                             | 5,384 | 142.8 | 124.4 | 3,597 | 142.8 | 73.8 | 5,719 | 142.8 | 133.8 |
| 2060                                                                                                                                                                                                                                             | 5,457 | 144.3 | 126.5 | 3,647 | 144.3 | 74.8 | 5,797 | 144.3 | 136.2 |
| 2061                                                                                                                                                                                                                                             | 5,530 | 145.7 | 128.6 | 3,697 | 145.7 | 75.7 | 5,876 | 145.7 | 138.5 |
| 2062                                                                                                                                                                                                                                             | 5,603 | 147.1 | 130.6 | 3,747 | 147.1 | 76.7 | 5,954 | 147.1 | 140.8 |
| 2063                                                                                                                                                                                                                                             | 5,677 | 148.3 | 132.5 | 3,797 | 148.3 | 77.7 | 6,032 | 148.3 | 142.9 |
| 2064                                                                                                                                                                                                                                             | 5,750 | 149.4 | 134.4 | 3,847 | 149.4 | 78.6 | 6,111 | 149.4 | 145.0 |
| 2065                                                                                                                                                                                                                                             | 5,825 | 147.0 | 136.2 | 3,893 | 147.0 | 79.5 | 6,192 | 147.0 | 147.0 |
| 2066                                                                                                                                                                                                                                             | 5,897 | 144.6 | 138.0 | 3,935 | 144.6 | 80.5 | 6,271 | 144.6 | 149.0 |
| 2067                                                                                                                                                                                                                                             | 5,967 | 142.2 | 139.7 | 3,975 | 142.2 | 81.4 | 6,347 | 142.2 | 150.8 |
| 2068                                                                                                                                                                                                                                             | 6,033 | 139.9 | 141.3 | 4,010 | 139.9 | 82.3 | 6,420 | 139.9 | 152.6 |
| 2069                                                                                                                                                                                                                                             | 6,096 | 137.5 | 142.9 | 4,042 | 137.5 | 83.2 | 6,490 | 137.5 | 154.3 |
| 2070                                                                                                                                                                                                                                             | 6,156 | 135.3 | 144.4 | 4,071 | 135.3 | 84.1 | 6,557 | 135.3 | 156.0 |
| 2071                                                                                                                                                                                                                                             | 6,213 | 133.0 | 145.9 | 4,096 | 133.0 | 85.0 | 6,621 | 133.0 | 157.6 |
| 2072                                                                                                                                                                                                                                             | 6,268 | 130.8 | 147.3 | 4,118 | 130.8 | 85.9 | 6,683 | 130.8 | 159.2 |
| 2073                                                                                                                                                                                                                                             | 6,319 | 128.6 | 148.8 | 4,137 | 128.6 | 86.7 | 6,742 | 128.6 | 160.7 |
| 2074                                                                                                                                                                                                                                             | 6,368 | 126.4 | 150.2 | 4,153 | 126.4 | 87.6 | 6,798 | 126.4 | 162.2 |
| 2075                                                                                                                                                                                                                                             | 6,414 | 124.3 | 151.5 | 4,165 | 124.3 | 88.4 | 6,851 | 124.3 | 163.7 |
| 2076                                                                                                                                                                                                                                             | 6,456 | 122.2 | 152.9 | 4,175 | 122.2 | 89.3 | 6,901 | 122.2 | 165.2 |
| 2077                                                                                                                                                                                                                                             | 6,496 | 120.2 | 154.3 | 4,181 | 120.2 | 90.1 | 6,949 | 120.2 | 166.7 |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1/ Reflects the assumed actual yield rate for PRSA accounts under the proposal.2/ Excludes proceeds of PRSAs that go to the worker's estate if the worker dies before entitlement. |
|                                                                                                                                                                                                                                             | Office of the Chief ActuarySocial Security AdministrationSeptember 9, 2003 |

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