| *Average IA Contribution 6.4%,Benefit Offset 100.0%*With Ultimate Real Trust Fund Interest Rate 3.0With Ultimate Real IA Net Yield Rate of 5.2With Offset Annuity Net Yield Rate of 5.2 |
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| 2004                                                                                                                                                                                    | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |   | 0 | 0 |
| 2005                                                                                                                                                                                    | 259.6 | 249.3 | 0.0 | 0.0 | 0.0 | -249.3 | 256.9 | -256.9 |   | 12 | 3 |
| 2006                                                                                                                                                                                    | 556.1 | 271.3 | 0.0 | 0.0 | 0.0 | -271.3 | 544.6 | -295.0 |   | 49 | 12 |
| 2007                                                                                                                                                                                    | 880.3 | 282.8 | 0.0 | 0.0 | 0.0 | -282.8 | 853.0 | -324.3 |   | 113 | 26 |
| 2008                                                                                                                                                                                    | 1,233.3 | 293.8 | 0.0 | 0.0 | 0.0 | -293.8 | 1,182.7 | -354.4 |   | 206 | 46 |
| 2009                                                                                                                                                                                    | 1,615.9 | 304.3 | 0.0 | 0.0 | 0.0 | -304.3 | 1,533.1 | -385.0 |   | 329 | 73 |
| 2010                                                                                                                                                                                    | 2,029.3 | 314.4 | 0.0 | 0.0 | 0.0 | -314.4 | 1,904.9 | -416.3 |   | 484 | 108 |
| 2011                                                                                                                                                                                    | 2,472.9 | 323.3 | 0.0 | 0.0 | 0.0 | -323.3 | 2,296.8 | -447.4 |   | 673 | 151 |
| 2012                                                                                                                                                                                    | 2,944.8 | 331.3 | 0.6 | 0.7 | 0.0 | -331.2 | 2,708.5 | -478.6 |   | 897 | 203 |
| 2013                                                                                                                                                                                    | 3,445.6 | 339.3 | 1.2 | 2.5 | 0.0 | -338.0 | 3,139.5 | -509.9 |   | 1,132 | 265 |
| 2014                                                                                                                                                                                    | 3,975.5 | 346.9 | 2.0 | 5.1 | 0.0 | -343.9 | 3,589.3 | -541.2 |   | 1,377 | 337 |
| 2015                                                                                                                                                                                    | 4,534.6 | 354.1 | 2.8 | 8.5 | 0.0 | -348.4 | 4,056.9 | -572.2 |   | 1,633 | 420 |
| 2016                                                                                                                                                                                    | 5,122.4 | 360.4 | 3.7 | 13.7 | 0.0 | -350.5 | 4,540.2 | -601.5 |   | 1,900 | 515 |
| 2017                                                                                                                                                                                    | 5,739.2 | 366.5 | 4.7 | 20.4 | 0.0 | -350.8 | 5,037.8 | -629.8 |   | 2,179 | 623 |
| 2018                                                                                                                                                                                    | 6,385.8 | 372.4 | 5.7 | 28.3 | 0.0 | -349.8 | 5,549.3 | -658.2 |   | 2,470 | 744 |
| 2019                                                                                                                                                                                    | 7,062.9 | 378.3 | 6.8 | 37.6 | 0.0 | -347.6 | 6,073.7 | -686.1 |   | 2,773 | 879 |
| 2020                                                                                                                                                                                    | 7,770.6 | 384.2 | 8.0 | 48.4 | 0.0 | -343.7 | 6,610.0 | -713.2 |   | 3,088 | 1,031 |
| 2021                                                                                                                                                                                    | 8,509.3 | 390.0 | 9.2 | 60.5 | 0.0 | -338.7 | 7,157.1 | -739.7 |   | 3,417 | 1,198 |
| 2022                                                                                                                                                                                    | 9,279.2 | 395.8 | 10.5 | 73.8 | 0.0 | -332.5 | 7,714.3 | -765.7 |   | 3,760 | 1,384 |
| 2023                                                                                                                                                                                    | 10,080.6 | 401.6 | 11.9 | 88.1 | 0.0 | -325.4 | 8,280.9 | -791.2 |   | 4,117 | 1,587 |
| 2024                                                                                                                                                                                    | 10,913.6 | 407.5 | 13.3 | 103.8 | 0.0 | -317.0 | 8,855.8 | -816.1 |   | 4,488 | 1,811 |
| 2025                                                                                                                                                                                    | 11,778.1 | 413.3 | 14.9 | 120.7 | 0.0 | -307.5 | 9,438.3 | -840.4 |   | 4,874 | 2,054 |
| 2026                                                                                                                                                                                    | 12,674.2 | 419.1 | 16.5 | 138.8 | 0.0 | -296.9 | 10,027.3 | -863.9 |   | 5,276 | 2,320 |
| 2027                                                                                                                                                                                    | 13,601.7 | 425.1 | 18.2 | 158.6 | 0.0 | -284.7 | 10,621.3 | -886.1 |   | 5,693 | 2,608 |
| 2028                                                                                                                                                                                    | 14,560.4 | 431.1 | 19.8 | 180.1 | 0.0 | -270.8 | 11,218.9 | -906.9 |   | 6,128 | 2,921 |
| 2029                                                                                                                                                                                    | 15,550.2 | 437.3 | 21.4 | 202.7 | 0.0 | -256.0 | 11,819.1 | -927.0 |   | 6,579 | 3,259 |
| 2030                                                                                                                                                                                    | 16,570.6 | 443.6 | 23.0 | 226.5 | 0.0 | -240.1 | 12,420.9 | -946.1 |   | 7,049 | 3,623 |
| 2031                                                                                                                                                                                    | 17,621.2 | 450.0 | 24.5 | 251.2 | 0.0 | -223.3 | 13,023.6 | -964.4 |   | 7,537 | 4,015 |
| 2032                                                                                                                                                                                    | 18,701.3 | 456.6 | 26.0 | 277.0 | 0.0 | -205.5 | 13,626.0 | -981.7 |   | 8,044 | 4,436 |
| 2033                                                                                                                                                                                    | 19,810.1 | 463.2 | 27.4 | 303.8 | 0.0 | -186.9 | 14,227.2 | -998.1 |   | 8,571 | 4,887 |
| 2034                                                                                                                                                                                    | 20,946.7 | 469.9 | 28.8 | 331.4 | 0.0 | -167.3 | 14,826.3 | -1,013.5 |   | 9,118 | 5,370 |
| 2035                                                                                                                                                                                    | 22,110.0 | 476.7 | 30.8 | 360.0 | 0.0 | -147.5 | 15,423.0 | -1,028.6 |   | 9,687 | 5,886 |
| 2036                                                                                                                                                                                    | 23,298.7 | 483.5 | 32.7 | 389.5 | 0.0 | -126.8 | 16,016.3 | -1,042.5 |   | 10,277 | 6,436 |
| 2037                                                                                                                                                                                    | 24,511.2 | 490.5 | 34.6 | 420.0 | 0.0 | -105.1 | 16,605.1 | -1,055.2 |   | 10,890 | 7,022 |
| 2038                                                                                                                                                                                    | 25,746.1 | 497.4 | 36.4 | 451.4 | 0.0 | -82.4 | 17,188.1 | -1,066.7 |   | 11,526 | 7,645 |
| 2039                                                                                                                                                                                    | 27,001.3 | 504.5 | 38.1 | 484.0 | 0.0 | -58.6 | 17,764.2 | -1,076.7 |   | 12,186 | 8,307 |
| 2040                                                                                                                                                                                    | 28,274.8 | 511.6 | 39.7 | 517.8 | 0.0 | -33.5 | 18,331.6 | -1,084.8 |   | 12,871 | 9,009 |
| 2041                                                                                                                                                                                    | 29,564.1 | 518.7 | 41.2 | 553.1 | 0.0 | -6.8 | 18,888.5 | -1,090.9 |   | 13,581 | 9,752 |
| 2042                                                                                                                                                                                    | 30,866.7 | 525.9 | 42.5 | 590.1 | 0.0 | 21.6 | 19,432.9 | -1,094.5 |   | 14,318 | 10,538 |
| 2043                                                                                                                                                                                    | 32,179.5 | 533.1 | 43.8 | 628.7 | 0.0 | 51.8 | 19,962.5 | -1,095.6 |   | 15,082 | 11,368 |
| 2044                                                                                                                                                                                    | 33,499.4 | 540.4 | 44.8 | 669.3 | 0.0 | 84.0 | 20,474.8 | -1,093.7 |   | 15,874 | 12,243 |
| 2045                                                                                                                                                                                    | 34,822.6 | 547.7 | 46.7 | 711.6 | 0.0 | 117.2 | 20,968.4 | -1,089.9 |   | 16,695 | 13,166 |
| 2046                                                                                                                                                                                    | 36,148.3 | 555.1 | 48.4 | 755.9 | 0.0 | 152.4 | 21,440.4 | -1,082.8 |   | 17,546 | 14,137 |
| 2047                                                                                                                                                                                    | 37,472.5 | 562.4 | 50.0 | 801.9 | 0.0 | 189.5 | 21,888.4 | -1,072.5 |   | 18,428 | 15,158 |
| 2048                                                                                                                                                                                    | 38,790.5 | 569.9 | 51.4 | 849.1 | 0.0 | 227.8 | 22,310.5 | -1,059.5 |   | 19,342 | 16,230 |
| 2049                                                                                                                                                                                    | 40,091.3 | 577.4 | 52.9 | 897.4 | 0.0 | 267.1 | 22,704.7 | -1,044.1 |   | 20,288 | 17,354 |
| 2050                                                                                                                                                                                    | 41,371.4 | 585.0 | 54.2 | 946.6 | 0.0 | 307.5 | 23,069.2 | -1,025.8 |   | 21,269 | 18,531 |
| 2051                                                                                                                                                                                    | 42,630.5 | 592.6 | 55.0 | 996.7 | 0.0 | 349.1 | 23,401.7 | -1,004.5 |   | 22,284 | 19,763 |
| 2052                                                                                                                                                                                    | 43,865.5 | 600.4 | 55.6 | 1,047.1 | 0.0 | 391.2 | 23,700.8 | -980.7 |   | 23,336 | 21,051 |
| 2053                                                                                                                                                                                    | 45,089.1 | 608.2 | 55.2 | 1,096.9 | 0.0 | 433.5 | 23,965.4 | -954.8 |   | 24,424 | 22,397 |
| 2054                                                                                                                                                                                    | 46,300.2 | 616.2 | 54.5 | 1,146.1 | 0.0 | 475.4 | 24,194.6 | -927.3 |   | 25,552 | 23,802 |
| 2055                                                                                                                                                                                    | 47,497.8 | 624.2 | 55.5 | 1,194.5 | 6.6 | 508.2 | 24,397.0 | -907.1 |   | 26,719 | 25,267 |
| 2056                                                                                                                                                                                    | 48,681.0 | 632.4 | 56.2 | 1,242.3 | 32.1 | 521.5 | 24,591.7 | -905.3 |   | 27,927 | 26,794 |
| 2057                                                                                                                                                                                    | 49,849.2 | 640.8 | 56.9 | 1,289.3 | 56.8 | 534.8 | 24,778.6 | -903.2 |   | 29,177 | 28,386 |
| 2058                                                                                                                                                                                    | 51,001.6 | 649.2 | 57.3 | 1,334.8 | 80.5 | 547.7 | 24,957.8 | -900.9 |   | 30,471 | 30,042 |
| 2059                                                                                                                                                                                    | 52,137.9 | 657.8 | 57.6 | 1,378.7 | 103.0 | 560.4 | 25,129.4 | -898.5 |   | 31,810 | 31,766 |
| 2060                                                                                                                                                                                    | 53,257.7 | 666.5 | 57.6 | 1,421.2 | 124.2 | 572.9 | 25,293.2 | -895.7 |   | 33,196 | 33,559 |
| 2061                                                                                                                                                                                    | 54,360.8 | 675.3 | 57.5 | 1,462.4 | 144.2 | 585.4 | 25,449.0 | -892.5 |   | 34,630 | 35,422 |
| 2062                                                                                                                                                                                    | 55,447.2 | 684.2 | 57.2 | 1,502.9 | 163.2 | 598.3 | 25,596.2 | -888.4 |   | 36,113 | 37,358 |
| 2063                                                                                                                                                                                    | 56,517.0 | 693.1 | 56.7 | 1,542.7 | 181.0 | 611.9 | 25,733.9 | -883.2 |   | 37,648 | 39,368 |
| 2064                                                                                                                                                                                    | 57,570.7 | 702.2 | 56.0 | 1,581.4 | 197.5 | 625.6 | 25,861.5 | -877.1 |   | 39,235 | 41,455 |
| 2065                                                                                                                                                                                    | 58,608.8 | 711.4 | 57.0 | 1,619.4 | 211.3 | 639.7 | 25,978.5 | -870.2 |   | 40,877 | 43,620 |
| 2066                                                                                                                                                                                    | 59,631.8 | 720.7 | 57.9 | 1,656.9 | 224.2 | 654.1 | 26,084.1 | -862.3 |   | 42,576 | 45,865 |
| 2067                                                                                                                                                                                    | 60,640.7 | 730.0 | 58.7 | 1,694.2 | 236.3 | 669.1 | 26,177.4 | -853.1 |   | 44,332 | 48,194 |
| 2068                                                                                                                                                                                    | 61,636.5 | 739.5 | 59.4 | 1,731.5 | 247.9 | 684.6 | 26,257.6 | -842.6 |   | 46,148 | 50,608 |
| 2069                                                                                                                                                                                    | 62,620.4 | 749.1 | 60.1 | 1,768.1 | 258.6 | 700.4 | 26,323.9 | -831.1 |   | 48,025 | 53,109 |
| 2070                                                                                                                                                                                    | 63,593.4 | 758.7 | 60.7 | 1,804.4 | 268.5 | 716.6 | 26,375.6 | -818.4 |   | 49,967 | 55,700 |
| 2071                                                                                                                                                                                    | 64,557.1 | 768.5 | 61.2 | 1,840.3 | 277.6 | 733.1 | 26,411.8 | -804.4 |   | 51,974 | 58,384 |
| 2072                                                                                                                                                                                    | 65,512.8 | 778.3 | 61.6 | 1,875.9 | 286.1 | 749.8 | 26,431.9 | -789.3 |   | 54,048 | 61,163 |
| 2073                                                                                                                                                                                    | 66,461.9 | 788.3 | 61.9 | 1,911.2 | 294.1 | 766.9 | 26,434.9 | -772.9 |   | 56,193 | 64,039 |
| 2074                                                                                                                                                                                    | 67,405.9 | 798.3 | 62.2 | 1,946.2 | 301.5 | 784.2 | 26,420.3 | -755.3 |   | 58,409 | 67,017 |
| 2075                                                                                                                                                                                    | 68,346.2 | 808.5 | 62.4 | 1,981.1 | 308.5 | 801.7 | 26,387.1 | -736.3 |   | 60,700 | 70,099 |
| 2076                                                                                                                                                                                    | 69,284.2 | 818.8 | 62.6 | 2,015.9 | 315.1 | 819.5 | 26,334.7 | -716.1 |   | 63,067 | 73,287 |
| 2077                                                                                                                                                                                    | 70,221.1 | 829.2 | 62.6 | 2,050.6 | 321.4 | 837.3 | 26,262.2 | -694.6 |   | 65,513 | 76,586 |
| 2078                                                                                                                                                                                    | 71,158.2 | 839.7 | 62.7 | 2,085.2 | 327.4 | 855.5 | 26,169.0 | -671.7 |   | 68,041 | 79,998 |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1 General Fund Transfers to the Trust Funds have no effect on the Unified Budget.  See memorandum for discussion.         |
|                                                                                                                                                                                    | Office of the ActuarySocial Security AdministrationRevised -- December 8, 2003 |

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