| PRSA 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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| 2003                                                                                                                                                                                                                                                                                 | 10.90 | 12.71 | 1.80 | 288 |   |   |   |   | 12.40 |   |   |   |
| 2004                                                                                                                                                                                                                                                                                 | 10.83 | 12.69 | 1.86 | 309 |   |   |   |   | 12.40 |   |   |   |
| 2005                                                                                                                                                                                                                                                                                 | 10.99 | 10.22 | -0.78 | 320 | -2.495 | -2.500 | 0.005 |   | 9.90 | 2.50 | 0.34 | 2.84 |
| 2006                                                                                                                                                                                                                                                                                 | 10.85 | 10.33 | -0.52 | 318 | 0.112 |   | 0.010 | 0.102 | 10.02 | 2.50 | 0.34 | 2.84 |
| 2007                                                                                                                                                                                                                                                                                 | 10.79 | 10.75 | -0.04 | 316 | 0.409 |   | 0.003 | 0.405 | 10.43 | 2.50 | 0.34 | 2.84 |
| 2008                                                                                                                                                                                                                                                                                 | 10.78 | 11.21 | 0.43 | 318 | 0.450 |   | -0.002 | 0.453 | 10.88 | 2.50 | 0.34 | 2.84 |
| 2009                                                                                                                                                                                                                                                                                 | 10.80 | 11.68 | 0.88 | 324 | 0.456 |   | -0.002 | 0.458 | 11.33 | 2.50 | 0.34 | 2.84 |
| 2010                                                                                                                                                                                                                                                                                 | 10.83 | 12.12 | 1.29 | 334 | 0.428 |   | -0.001 | 0.429 | 11.76 | 2.50 | 0.34 | 2.84 |
| 2011                                                                                                                                                                                                                                                                                 | 10.86 | 12.67 | 1.81 | 348 | 0.520 |   | 0.000 | 0.520 | 12.28 | 2.50 | 0.34 | 2.84 |
| 2012                                                                                                                                                                                                                                                                                 | 10.92 | 13.34 | 2.42 | 366 | 0.653 |   | 0.000 | 0.653 | 12.93 | 2.50 | 0.34 | 2.84 |
| 2013                                                                                                                                                                                                                                                                                 | 11.00 | 13.27 | 2.27 | 389 | -0.088 |   | 0.000 | -0.088 | 12.85 | 2.50 | 0.34 | 2.84 |
| 2014                                                                                                                                                                                                                                                                                 | 11.08 | 10.35 | -0.74 | 411 | -2.933 |   | -0.001 | -2.932 | 9.91 | 2.50 | 0.34 | 2.84 |
| 2015                                                                                                                                                                                                                                                                                 | 11.18 | 10.36 | -0.82 | 406 | 0.000 |   | 0.000 |   | 9.91 | 2.50 | 0.34 | 2.84 |
| 2016                                                                                                                                                                                                                                                                                 | 11.29 | 10.37 | -0.93 | 400 | 0.000 |   | 0.000 |   | 9.91 | 2.50 | 0.34 | 2.84 |
| 2017                                                                                                                                                                                                                                                                                 | 11.42 | 10.38 | -1.04 | 393 | 0.001 |   | 0.001 |   | 9.91 | 2.50 | 0.34 | 2.84 |
| 2018                                                                                                                                                                                                                                                                                 | 11.55 | 10.40 | -1.15 | 386 | 0.001 |   | 0.001 |   | 9.91 | 2.50 | 0.34 | 2.84 |
| 2019                                                                                                                                                                                                                                                                                 | 11.67 | 10.41 | -1.26 | 377 | 0.001 |   | 0.001 |   | 9.92 | 2.50 | 0.34 | 2.84 |
| 2020                                                                                                                                                                                                                                                                                 | 11.81 | 10.43 | -1.38 | 368 | 0.001 |   | 0.001 |   | 9.92 | 2.50 | 0.34 | 2.84 |
| 2021                                                                                                                                                                                                                                                                                 | 11.95 | 10.44 | -1.51 | 357 | 0.002 |   | 0.002 |   | 9.92 | 2.50 | 0.34 | 2.84 |
| 2022                                                                                                                                                                                                                                                                                 | 12.07 | 10.46 | -1.62 | 346 | 0.002 |   | 0.002 |   | 9.92 | 2.50 | 0.34 | 2.84 |
| 2023                                                                                                                                                                                                                                                                                 | 12.16 | 10.47 | -1.69 | 336 | 0.002 |   | 0.002 |   | 9.92 | 2.50 | 0.34 | 2.84 |
| 2024                                                                                                                                                                                                                                                                                 | 12.24 | 10.48 | -1.76 | 325 | 0.002 |   | 0.002 |   | 9.92 | 2.50 | 0.34 | 2.84 |
| 2025                                                                                                                                                                                                                                                                                 | 12.30 | 10.50 | -1.80 | 314 | 0.003 |   | 0.003 |   | 9.93 | 2.50 | 0.34 | 2.84 |
| 2026                                                                                                                                                                                                                                                                                 | 12.34 | 10.26 | -2.08 | 304 | -0.247 | -0.250 | 0.003 |   | 9.68 | 2.75 | 0.34 | 3.09 |
| 2027                                                                                                                                                                                                                                                                                 | 12.35 | 10.27 | -2.08 | 291 | 0.003 |   | 0.003 |   | 9.68 | 2.75 | 0.34 | 3.09 |
| 2028                                                                                                                                                                                                                                                                                 | 12.35 | 10.28 | -2.07 | 279 | 0.003 |   | 0.003 |   | 9.69 | 2.75 | 0.34 | 3.09 |
| 2029                                                                                                                                                                                                                                                                                 | 12.33 | 10.29 | -2.04 | 267 | 0.003 |   | 0.003 |   | 9.69 | 2.75 | 0.34 | 3.09 |
| 2030                                                                                                                                                                                                                                                                                 | 12.29 | 10.30 | -1.99 | 256 | 0.003 |   | 0.003 |   | 9.69 | 2.75 | 0.34 | 3.09 |
| 2031                                                                                                                                                                                                                                                                                 | 12.22 | 10.31 | -1.90 | 245 | 0.003 |   | 0.003 |   | 9.70 | 2.75 | 0.34 | 3.09 |
| 2032                                                                                                                                                                                                                                                                                 | 12.11 | 10.32 | -1.79 | 235 | 0.003 |   | 0.003 |   | 9.70 | 2.75 | 0.34 | 3.09 |
| 2033                                                                                                                                                                                                                                                                                 | 11.98 | 10.33 | -1.66 | 226 | 0.003 |   | 0.003 |   | 9.70 | 2.75 | 0.34 | 3.09 |
| 2034                                                                                                                                                                                                                                                                                 | 11.84 | 10.33 | -1.51 | 219 | 0.004 |   | 0.004 |   | 9.71 | 2.75 | 0.34 | 3.09 |
| 2035                                                                                                                                                                                                                                                                                 | 11.68 | 10.34 | -1.35 | 212 | 0.004 |   | 0.004 |   | 9.71 | 2.75 | 0.34 | 3.09 |
| 2036                                                                                                                                                                                                                                                                                 | 11.51 | 10.34 | -1.17 | 207 | 0.004 |   | 0.004 |   | 9.71 | 2.75 | 0.34 | 3.09 |
| 2037                                                                                                                                                                                                                                                                                 | 11.32 | 10.35 | -0.97 | 204 | 0.004 |   | 0.004 |   | 9.72 | 2.75 | 0.34 | 3.09 |
| 2038                                                                                                                                                                                                                                                                                 | 11.12 | 10.35 | -0.77 | 202 | 0.004 |   | 0.004 |   | 9.72 | 2.75 | 0.34 | 3.09 |
| 2039                                                                                                                                                                                                                                                                                 | 10.90 | 10.10 | -0.80 | 202 | -0.245 | -0.250 | 0.005 |   | 9.48 | 3.00 | 0.34 | 3.34 |
| 2040                                                                                                                                                                                                                                                                                 | 10.70 | 9.91 | -0.79 | 202 | -0.195 | -0.200 | 0.005 |   | 9.28 | 3.20 | 0.34 | 3.54 |
| 2041                                                                                                                                                                                                                                                                                 | 10.47 | 9.71 | -0.76 | 202 | -0.195 | -0.200 | 0.005 |   | 9.09 | 3.40 | 0.34 | 3.74 |
| 2042                                                                                                                                                                                                                                                                                 | 10.24 | 9.52 | -0.72 | 202 | -0.195 | -0.200 | 0.005 |   | 8.89 | 3.60 | 0.34 | 3.94 |
| 2043                                                                                                                                                                                                                                                                                 | 10.01 | 9.32 | -0.68 | 203 | -0.194 | -0.200 | 0.006 |   | 8.70 | 3.80 | 0.34 | 4.14 |
| 2044                                                                                                                                                                                                                                                                                 | 9.77 | 9.13 | -0.64 | 205 | -0.194 | -0.200 | 0.006 |   | 8.50 | 4.00 | 0.34 | 4.34 |
| 2045                                                                                                                                                                                                                                                                                 | 9.54 | 8.93 | -0.61 | 206 | -0.193 | -0.200 | 0.007 |   | 8.31 | 4.20 | 0.34 | 4.54 |
| 2046                                                                                                                                                                                                                                                                                 | 9.31 | 8.74 | -0.57 | 208 | -0.193 | -0.200 | 0.007 |   | 8.12 | 4.40 | 0.34 | 4.74 |
| 2047                                                                                                                                                                                                                                                                                 | 9.08 | 8.55 | -0.53 | 211 | -0.192 | -0.200 | 0.008 |   | 7.93 | 4.60 | 0.34 | 4.94 |
| 2048                                                                                                                                                                                                                                                                                 | 8.86 | 8.36 | -0.50 | 214 | -0.192 | -0.200 | 0.008 |   | 7.73 | 4.80 | 0.34 | 5.14 |
| 2049                                                                                                                                                                                                                                                                                 | 8.63 | 8.17 | -0.46 | 217 | -0.191 | -0.200 | 0.009 |   | 7.54 | 5.00 | 0.34 | 5.34 |
| 2050                                                                                                                                                                                                                                                                                 | 8.42 | 7.98 | -0.44 | 221 | -0.190 | -0.200 | 0.010 |   | 7.35 | 5.20 | 0.34 | 5.54 |
| 2051                                                                                                                                                                                                                                                                                 | 8.21 | 7.79 | -0.42 | 225 | -0.190 | -0.200 | 0.010 |   | 7.16 | 5.40 | 0.34 | 5.74 |
| 2052                                                                                                                                                                                                                                                                                 | 8.01 | 7.61 | -0.40 | 229 | -0.189 | -0.200 | 0.011 |   | 6.97 | 5.60 | 0.34 | 5.94 |
| 2053                                                                                                                                                                                                                                                                                 | 7.81 | 7.42 | -0.39 | 234 | -0.189 | -0.200 | 0.011 |   | 6.78 | 5.80 | 0.34 | 6.14 |
| 2054                                                                                                                                                                                                                                                                                 | 7.61 | 7.24 | -0.37 | 239 | -0.189 | -0.200 | 0.011 |   | 6.60 | 6.00 | 0.34 | 6.34 |
| 2055                                                                                                                                                                                                                                                                                 | 7.43 | 7.06 | -0.38 | 244 | -0.188 | -0.200 | 0.012 |   | 6.41 | 6.20 | 0.34 | 6.54 |
| 2056                                                                                                                                                                                                                                                                                 | 7.26 | 6.87 | -0.39 | 249 | -0.188 | -0.200 | 0.012 |   | 6.22 | 6.40 | 0.34 | 6.74 |
| 2057                                                                                                                                                                                                                                                                                 | 7.08 | 6.69 | -0.39 | 254 | -0.188 | -0.200 | 0.012 |   | 6.03 | 6.60 | 0.34 | 6.94 |
| 2058                                                                                                                                                                                                                                                                                 | 6.90 | 6.51 | -0.40 | 259 | -0.188 | -0.200 | 0.012 |   | 5.84 | 6.80 | 0.34 | 7.14 |
| 2059                                                                                                                                                                                                                                                                                 | 6.73 | 6.33 | -0.40 | 264 | -0.188 | -0.200 | 0.012 |   | 5.65 | 7.00 | 0.34 | 7.34 |
| 2060                                                                                                                                                                                                                                                                                 | 6.55 | 6.14 | -0.40 | 270 | -0.188 | -0.200 | 0.012 |   | 5.47 | 7.20 | 0.34 | 7.54 |
| 2061                                                                                                                                                                                                                                                                                 | 6.37 | 5.96 | -0.41 | 276 | -0.188 | -0.200 | 0.012 |   | 5.28 | 7.40 | 0.34 | 7.74 |
| 2062                                                                                                                                                                                                                                                                                 | 6.19 | 5.78 | -0.41 | 282 | -0.188 | -0.200 | 0.012 |   | 5.09 | 7.60 | 0.34 | 7.94 |
| 2063                                                                                                                                                                                                                                                                                 | 6.02 | 5.60 | -0.42 | 288 | -0.188 | -0.200 | 0.012 |   | 4.90 | 7.80 | 0.34 | 8.14 |
| 2064                                                                                                                                                                                                                                                                                 | 5.84 | 5.42 | -0.42 | 295 | -0.187 | -0.200 | 0.013 |   | 4.72 | 8.00 | 0.34 | 8.34 |
| 2065                                                                                                                                                                                                                                                                                 | 5.70 | 5.44 | -0.26 | 300 | 0.013 |   | 0.013 |   | 4.73 | 8.00 | 0.34 | 8.34 |
| 2066                                                                                                                                                                                                                                                                                 | 5.55 | 5.46 | -0.09 | 308 | 0.013 |   | 0.013 |   | 4.74 | 8.00 | 0.34 | 8.34 |
| 2067                                                                                                                                                                                                                                                                                 | 5.41 | 5.48 | 0.07 | 320 | 0.012 |   | 0.012 |   | 4.75 | 8.00 | 0.34 | 8.34 |
| 2068                                                                                                                                                                                                                                                                                 | 5.28 | 5.51 | 0.23 | 335 | 0.012 |   | 0.012 |   | 4.77 | 8.00 | 0.34 | 8.34 |
| 2069                                                                                                                                                                                                                                                                                 | 5.14 | 5.53 | 0.39 | 354 | 0.012 |   | 0.012 |   | 4.78 | 8.00 | 0.34 | 8.34 |
| 2070                                                                                                                                                                                                                                                                                 | 5.03 | 5.55 | 0.53 | 376 | 0.011 |   | 0.011 |   | 4.79 | 8.00 | 0.34 | 8.34 |
| 2071                                                                                                                                                                                                                                                                                 | 4.91 | 5.58 | 0.67 | 402 | 0.011 |   | 0.011 |   | 4.80 | 8.00 | 0.34 | 8.34 |
| 2072                                                                                                                                                                                                                                                                                 | 4.80 | 5.60 | 0.80 | 432 | 0.011 |   | 0.011 |   | 4.81 | 8.00 | 0.34 | 8.34 |
| 2073                                                                                                                                                                                                                                                                                 | 4.68 | 5.62 | 0.94 | 467 | 0.011 |   | 0.011 |   | 4.82 | 8.00 | 0.34 | 8.34 |
| 2074                                                                                                                                                                                                                                                                                 | 4.57 | 5.65 | 1.08 | 507 | 0.010 |   | 0.010 |   | 4.83 | 8.00 | 0.34 | 8.34 |
| 2075                                                                                                                                                                                                                                                                                 | 4.46 | 5.67 | 1.21 | 552 | 0.010 |   | 0.010 |   | 4.84 | 8.00 | 0.34 | 8.34 |
| 2076                                                                                                                                                                                                                                                                                 | 4.35 | 5.70 | 1.35 | 604 | 0.010 |   | 0.010 |   | 4.85 | 8.00 | 0.34 | 8.34 |
| 2077                                                                                                                                                                                                                                                                                 | 4.23 | 5.72 | 1.49 | 662 | 0.010 |   | 0.010 |   | 4.86 | 8.00 | 0.34 | 8.34 |
| 2078                                                                                                                                                                                                                                                                                 | 4.12 | 5.75 | 1.63 | 727 | 0.009 |   | 0.009 |   | 4.87 | 8.00 | 0.34 | 8.34 |
|                                                                                                                                                                                                                                                                                 | Summarized |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                 | CostRate | IncomeRate | ActuarialBalance |   | Change inActuarialBalance |   |   |   |   |   |   |   |
| 2003-2077                                                                                                                                                                                                                                                                            | 10.00 | 10.19 | 0.18 |   | 2.10 |   |   |   |   |   |   |   |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1/ Net of Benefit Cost Reductions from PRSA Offsets.2/ Includes payroll tax contributions plus reimbursement for minimum DI benefits plus specified General Fund transfers (expressed as a percent of taxable payroll) |
|                                                                                                                                                                                                                                                                                 | Office of the Chief ActuarySocial Security AdministrationSeptember 9, 2003 |

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