| Sensitivity Low/Risk Adjustment Yield on IA Tax IA like BenefitsUltimate Real Trust Fund Yield Rate of 3.00Benefit Offset Real Yield Rate Set at 3.00Benefit Offset Real Discount Rate Set at 3.00 | IA Contribution is 4% of taxable earnings starting in 2006Assumed Participation in Voluntary IA: 66.7%Benefit Offset: 100.0% |
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| 2004                                                                                                                                                                                               | 11.07                                                                                                                        | 12.71 | 1.64 | 306 |   | 12.40 |   | 0.00 |
| 2005                                                                                                                                                                                               | 10.87                                                                                                                        | 12.73 | 1.86 | 325 |   | 12.40 |   | 0.00 |
| 2006                                                                                                                                                                                               | 10.77                                                                                                                        | 11.27 | 0.50 | 347 | -1.465 | 10.94 |   | 1.46 |
| 2007                                                                                                                                                                                               | 10.75                                                                                                                        | 11.14 | 0.40 | 353 | -0.142 | 10.79 |   | 1.61 |
| 2008                                                                                                                                                                                               | 10.80                                                                                                                        | 11.12 | 0.33 | 357 | -0.061 | 10.73 |   | 1.67 |
| 2009                                                                                                                                                                                               | 10.95                                                                                                                        | 11.05 | 0.10 | 357 | -0.062 | 10.67 |   | 1.73 |
| 2010                                                                                                                                                                                               | 11.08                                                                                                                        | 11.01 | -0.07 | 356 | -0.063 | 10.61 |   | 1.79 |
| 2011                                                                                                                                                                                               | 11.25                                                                                                                        | 10.99 | -0.25 | 352 | -0.065 | 10.54 |   | 1.86 |
| 2012                                                                                                                                                                                               | 11.50                                                                                                                        | 10.96 | -0.54 | 346 | -0.063 | 10.48 |   | 1.92 |
| 2013                                                                                                                                                                                               | 11.76                                                                                                                        | 10.93 | -0.83 | 338 | -0.063 | 10.42 |   | 1.98 |
| 2014                                                                                                                                                                                               | 12.02                                                                                                                        | 10.88 | -1.14 | 328 | -0.063 | 10.35 |   | 2.05 |
| 2015                                                                                                                                                                                               | 12.30                                                                                                                        | 10.84 | -1.47 | 315 | -0.062 | 10.29 |   | 2.11 |
| 2016                                                                                                                                                                                               | 12.61                                                                                                                        | 10.80 | -1.81 | 299 | -0.059 | 10.23 |   | 2.17 |
| 2017                                                                                                                                                                                               | 12.92                                                                                                                        | 10.76 | -2.17 | 282 | -0.057 | 10.18 |   | 2.22 |
| 2018                                                                                                                                                                                               | 13.25                                                                                                                        | 10.72 | -2.52 | 263 | -0.054 | 10.12 |   | 2.28 |
| 2019                                                                                                                                                                                               | 13.58                                                                                                                        | 10.69 | -2.89 | 242 | -0.051 | 10.07 |   | 2.33 |
| 2020                                                                                                                                                                                               | 13.93                                                                                                                        | 10.66 | -3.27 | 219 | -0.048 | 10.02 |   | 2.38 |
| 2021                                                                                                                                                                                               | 14.27                                                                                                                        | 10.64 | -3.63 | 194 | -0.044 | 9.98 |   | 2.42 |
| 2022                                                                                                                                                                                               | 14.57                                                                                                                        | 10.62 | -3.95 | 168 | -0.040 | 9.94 |   | 2.46 |
| 2023                                                                                                                                                                                               | 14.77                                                                                                                        | 10.60 | -4.18 | 142 | -0.036 | 9.90 |   | 2.50 |
| 2024                                                                                                                                                                                               | 14.81                                                                                                                        | 12.37 | -2.44 | 116 | 1.769 | 11.67 | 1.8 | 2.53 |
| 2025                                                                                                                                                                                               | 15.02                                                                                                                        | 14.96 | -0.06 | 100 | 2.574 | 14.24 | 4.4 | 2.56 |
| 2026                                                                                                                                                                                               | 15.18                                                                                                                        | 15.05 | -0.13 | 100 | 0.078 | 14.32 | 4.5 | 2.58 |
| 2027                                                                                                                                                                                               | 15.32                                                                                                                        | 15.14 | -0.17 | 100 | 0.082 | 14.40 | 4.6 | 2.60 |
| 2028                                                                                                                                                                                               | 15.42                                                                                                                        | 15.14 | -0.28 | 100 | -0.014 | 14.39 | 4.6 | 2.61 |
| 2029                                                                                                                                                                                               | 15.37                                                                                                                        | 15.23 | -0.14 | 100 | 0.089 | 14.48 | 4.7 | 2.62 |
| 2030                                                                                                                                                                                               | 15.43                                                                                                                        | 15.23 | -0.20 | 100 | -0.010 | 14.47 | 4.7 | 2.63 |
| 2031                                                                                                                                                                                               | 15.50                                                                                                                        | 15.23 | -0.27 | 100 | -0.009 | 14.46 | 4.7 | 2.64 |
| 2032                                                                                                                                                                                               | 15.56                                                                                                                        | 15.33 | -0.23 | 100 | 0.092 | 14.55 | 4.8 | 2.65 |
| 2033                                                                                                                                                                                               | 15.58                                                                                                                        | 15.33 | -0.24 | 100 | -0.007 | 14.54 | 4.8 | 2.66 |
| 2034                                                                                                                                                                                               | 15.57                                                                                                                        | 15.33 | -0.23 | 100 | -0.006 | 14.54 | 4.8 | 2.66 |
| 2035                                                                                                                                                                                               | 15.53                                                                                                                        | 15.23 | -0.30 | 100 | -0.105 | 14.43 | 4.7 | 2.67 |
| 2036                                                                                                                                                                                               | 15.47                                                                                                                        | 15.14 | -0.33 | 100 | -0.100 | 14.33 | 4.6 | 2.67 |
| 2037                                                                                                                                                                                               | 15.38                                                                                                                        | 15.04 | -0.34 | 100 | -0.100 | 14.23 | 4.5 | 2.67 |
| 2038                                                                                                                                                                                               | 15.26                                                                                                                        | 14.94 | -0.33 | 100 | -0.100 | 14.13 | 4.4 | 2.67 |
| 2039                                                                                                                                                                                               | 15.13                                                                                                                        | 14.74 | -0.39 | 100 | -0.200 | 13.93 | 4.2 | 2.67 |
| 2040                                                                                                                                                                                               | 14.99                                                                                                                        | 14.64 | -0.35 | 100 | -0.100 | 13.83 | 4.1 | 2.67 |
| 2041                                                                                                                                                                                               | 14.84                                                                                                                        | 14.44 | -0.40 | 100 | -0.200 | 13.63 | 3.9 | 2.67 |
| 2042                                                                                                                                                                                               | 14.68                                                                                                                        | 14.33 | -0.35 | 100 | -0.100 | 13.53 | 3.8 | 2.67 |
| 2043                                                                                                                                                                                               | 14.52                                                                                                                        | 14.13 | -0.39 | 100 | -0.200 | 13.33 | 3.6 | 2.67 |
| 2044                                                                                                                                                                                               | 14.35                                                                                                                        | 13.93 | -0.42 | 100 | -0.200 | 13.13 | 3.4 | 2.67 |
| 2045                                                                                                                                                                                               | 14.18                                                                                                                        | 13.73 | -0.45 | 100 | -0.200 | 12.93 | 3.2 | 2.67 |
| 2046                                                                                                                                                                                               | 14.01                                                                                                                        | 13.62 | -0.38 | 100 | -0.100 | 12.83 | 3.1 | 2.67 |
| 2047                                                                                                                                                                                               | 13.84                                                                                                                        | 13.52 | -0.32 | 100 | -0.100 | 12.73 | 3.0 | 2.67 |
| 2048                                                                                                                                                                                               | 13.67                                                                                                                        | 13.22 | -0.45 | 100 | -0.300 | 12.43 | 2.7 | 2.67 |
| 2049                                                                                                                                                                                               | 13.51                                                                                                                        | 13.12 | -0.39 | 100 | -0.100 | 12.33 | 2.6 | 2.67 |
| 2050                                                                                                                                                                                               | 13.34                                                                                                                        | 13.02 | -0.33 | 100 | -0.100 | 12.23 | 2.5 | 2.67 |
| 2051                                                                                                                                                                                               | 13.19                                                                                                                        | 12.81 | -0.37 | 100 | -0.200 | 12.03 | 2.3 | 2.67 |
| 2052                                                                                                                                                                                               | 13.05                                                                                                                        | 12.71 | -0.34 | 100 | -0.100 | 11.93 | 2.2 | 2.67 |
| 2053                                                                                                                                                                                               | 12.91                                                                                                                        | 12.51 | -0.40 | 100 | -0.200 | 11.73 | 2.0 | 2.67 |
| 2054                                                                                                                                                                                               | 12.77                                                                                                                        | 12.41 | -0.36 | 100 | -0.100 | 11.63 | 1.9 | 2.67 |
| 2055                                                                                                                                                                                               | 12.64                                                                                                                        | 12.31 | -0.33 | 100 | -0.100 | 11.53 | 1.8 | 2.67 |
| 2056                                                                                                                                                                                               | 12.51                                                                                                                        | 12.21 | -0.30 | 100 | -0.100 | 11.43 | 1.7 | 2.67 |
| 2057                                                                                                                                                                                               | 12.38                                                                                                                        | 12.01 | -0.37 | 100 | -0.200 | 11.23 | 1.5 | 2.67 |
| 2058                                                                                                                                                                                               | 12.25                                                                                                                        | 11.91 | -0.34 | 100 | -0.100 | 11.13 | 1.4 | 2.67 |
| 2059                                                                                                                                                                                               | 12.11                                                                                                                        | 11.81 | -0.29 | 100 | -0.100 | 11.03 | 1.3 | 2.67 |
| 2060                                                                                                                                                                                               | 11.96                                                                                                                        | 11.61 | -0.35 | 100 | -0.200 | 10.83 | 1.1 | 2.67 |
| 2061                                                                                                                                                                                               | 11.81                                                                                                                        | 11.51 | -0.30 | 100 | -0.100 | 10.73 | 1.0 | 2.67 |
| 2062                                                                                                                                                                                               | 11.67                                                                                                                        | 11.31 | -0.36 | 100 | -0.200 | 10.53 | 0.8 | 2.67 |
| 2063                                                                                                                                                                                               | 11.53                                                                                                                        | 11.31 | -0.22 | 100 | 0.000 | 10.53 | 0.8 | 2.67 |
| 2064                                                                                                                                                                                               | 11.48                                                                                                                        | 11.21 | -0.27 | 100 | -0.100 | 10.43 | 0.7 | 2.67 |
| 2065                                                                                                                                                                                               | 11.43                                                                                                                        | 11.21 | -0.21 | 100 | 0.000 | 10.43 | 0.7 | 2.67 |
| 2066                                                                                                                                                                                               | 11.37                                                                                                                        | 11.11 | -0.26 | 100 | -0.100 | 10.33 | 0.6 | 2.67 |
| 2067                                                                                                                                                                                               | 11.33                                                                                                                        | 11.11 | -0.21 | 100 | 0.000 | 10.33 | 0.6 | 2.67 |
| 2068                                                                                                                                                                                               | 11.28                                                                                                                        | 11.01 | -0.27 | 100 | -0.100 | 10.23 | 0.5 | 2.67 |
| 2069                                                                                                                                                                                               | 11.23                                                                                                                        | 11.01 | -0.22 | 100 | 0.000 | 10.23 | 0.5 | 2.67 |
| 2070                                                                                                                                                                                               | 11.18                                                                                                                        | 11.01 | -0.17 | 100 | 0.000 | 10.23 | 0.5 | 2.67 |
| 2071                                                                                                                                                                                               | 11.14                                                                                                                        | 10.91 | -0.23 | 100 | -0.100 | 10.13 | 0.4 | 2.67 |
| 2072                                                                                                                                                                                               | 11.10                                                                                                                        | 10.91 | -0.19 | 100 | 0.000 | 10.13 | 0.4 | 2.67 |
| 2073                                                                                                                                                                                               | 11.06                                                                                                                        | 10.81 | -0.25 | 100 | -0.100 | 10.03 | 0.3 | 2.67 |
| 2074                                                                                                                                                                                               | 11.02                                                                                                                        | 10.81 | -0.21 | 100 | 0.000 | 10.03 | 0.3 | 2.67 |
| 2075                                                                                                                                                                                               | 10.98                                                                                                                        | 10.81 | -0.18 | 100 | 0.000 | 10.03 | 0.3 | 2.67 |
| 2076                                                                                                                                                                                               | 10.95                                                                                                                        | 10.70 | -0.25 | 100 | -0.100 | 9.93 | 0.2 | 2.67 |
| 2077                                                                                                                                                                                               | 10.92                                                                                                                        | 10.70 | -0.22 | 100 | 0.000 | 9.93 | 0.2 | 2.67 |
| 2078                                                                                                                                                                                               | 10.89                                                                                                                        | 10.70 | -0.18 | 100 | 0.000 | 9.93 | 0.2 | 2.67 |
| 2079                                                                                                                                                                                               | 10.86                                                                                                                        | 10.70 | -0.16 | 100 | 0.000 | 9.93 | 0.2 | 2.67 |
| 2004 - 2078                                                                                                                                                                                        | Summarized OASDI                                                                                                             |   |
| Cost Rate                                                                                                                                                                                          | Income Rate                                                                                                                  | ActuarialBalance | Change in Actuarial Balance |
| 13.18                                                                                                                                                                                              | 13.18                                                                                                                        | 0.00 | 1.89 |
| 1Net of Benefit Offset.

2Including General Revenue Transfer. |
|---------------------------------------------------------------|

Based on Intermediate Assumptions of the 2004 Trustees Report With Ultimate Real Trust Fund Interest Rate of 3.00

Office of the ActuarySocial Security AdministrationMarch 9, 2005

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