| 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% |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
||
|                                                                                                                                                                                   | (In Billions of Present Value Dollars as of 1/1/2003) |
| 2003                                                                                                                                                                                   | 1,453 | 1,453 |   |   |   |
| 2004                                                                                                                                                                                   | 1,529 | 1,528 | 0 | 0.0 | 0.0 |
| 2005                                                                                                                                                                                   | 1,611 | 1,495 | 121 | 119.7 | 0.0 |
| 2006                                                                                                                                                                                   | 1,695 | 1,471 | 243 | 119.4 | 0.1 |
| 2007                                                                                                                                                                                   | 1,779 | 1,469 | 367 | 118.7 | 0.3 |
| 2008                                                                                                                                                                                   | 1,861 | 1,485 | 491 | 117.9 | 0.6 |
| 2009                                                                                                                                                                                   | 1,937 | 1,519 | 617 | 116.9 | 1.1 |
| 2010                                                                                                                                                                                   | 2,007 | 1,570 | 742 | 115.8 | 1.6 |
| 2011                                                                                                                                                                                   | 2,071 | 1,641 | 868 | 114.5 | 2.2 |
| 2012                                                                                                                                                                                   | 2,128 | 1,735 | 994 | 113.1 | 3.0 |
| 2013                                                                                                                                                                                   | 2,174 | 1,821 | 1,119 | 111.7 | 3.9 |
| 2014                                                                                                                                                                                   | 2,211 | 1,792 | 1,244 | 110.3 | 4.8 |
| 2015                                                                                                                                                                                   | 2,237 | 1,761 | 1,368 | 108.9 | 5.9 |
| 2016                                                                                                                                                                                   | 2,251 | 1,725 | 1,492 | 107.4 | 7.1 |
| 2017                                                                                                                                                                                   | 2,254 | 1,686 | 1,614 | 105.9 | 8.4 |
| 2018                                                                                                                                                                                   | 2,245 | 1,644 | 1,736 | 104.4 | 9.8 |
| 2019                                                                                                                                                                                   | 2,224 | 1,598 | 1,856 | 102.9 | 11.3 |
| 2020                                                                                                                                                                                   | 2,191 | 1,548 | 1,974 | 101.4 | 12.9 |
| 2021                                                                                                                                                                                   | 2,147 | 1,495 | 2,092 | 100.0 | 14.7 |
| 2022                                                                                                                                                                                   | 2,092 | 1,439 | 2,207 | 98.5 | 16.5 |
| 2023                                                                                                                                                                                   | 2,027 | 1,381 | 2,320 | 97.0 | 18.4 |
| 2024                                                                                                                                                                                   | 1,954 | 1,321 | 2,432 | 95.6 | 20.5 |
| 2025                                                                                                                                                                                   | 1,873 | 1,261 | 2,541 | 94.2 | 22.6 |
| 2026                                                                                                                                                                                   | 1,785 | 1,193 | 2,656 | 100.9 | 24.8 |
| 2027                                                                                                                                                                                   | 1,690 | 1,126 | 2,768 | 99.4 | 27.2 |
| 2028                                                                                                                                                                                   | 1,589 | 1,060 | 2,877 | 98.0 | 29.6 |
| 2029                                                                                                                                                                                   | 1,483 | 997 | 2,984 | 96.5 | 32.2 |
| 2030                                                                                                                                                                                   | 1,372 | 935 | 3,088 | 95.1 | 34.8 |
| 2031                                                                                                                                                                                   | 1,259 | 877 | 3,189 | 93.7 | 37.5 |
| 2032                                                                                                                                                                                   | 1,144 | 824 | 3,286 | 92.4 | 40.4 |
| 2033                                                                                                                                                                                   | 1,026 | 775 | 3,380 | 91.1 | 43.3 |
| 2034                                                                                                                                                                                   | 908 | 731 | 3,471 | 89.7 | 46.3 |
| 2035                                                                                                                                                                                   | 789 | 692 | 3,558 | 88.4 | 49.3 |
| 2036                                                                                                                                                                                   | 671 | 659 | 3,641 | 87.1 | 52.5 |
| 2037                                                                                                                                                                                   | 552 | 632 | 3,719 | 85.8 | 55.7 |
| 2038                                                                                                                                                                                   | 435 | 611 | 3,794 | 84.5 | 58.9 |
| 2039                                                                                                                                                                                   | 319 | 589 | 3,871 | 89.9 | 62.3 |
| 2040                                                                                                                                                                                   | 204 | 568 | 3,949 | 93.8 | 65.7 |
| 2041                                                                                                                                                                                   | 91 | 548 | 4,027 | 97.6 | 69.1 |
| 2042                                                                                                                                                                                   | -- | 530 | 4,105 | 101.2 | 72.7 |
| 2043                                                                                                                                                                                   | -- | 512 | 4,183 | 104.7 | 76.3 |
| 2044                                                                                                                                                                                   | -- | 496 | 4,261 | 108.0 | 79.9 |
| 2045                                                                                                                                                                                   | -- | 481 | 4,339 | 111.2 | 83.7 |
| 2046                                                                                                                                                                                   | -- | 468 | 4,416 | 114.2 | 87.3 |
| 2047                                                                                                                                                                                   | -- | 455 | 4,492 | 117.1 | 90.8 |
| 2048                                                                                                                                                                                   | -- | 443 | 4,568 | 119.9 | 94.2 |
| 2049                                                                                                                                                                                   | -- | 433 | 4,644 | 122.5 | 97.5 |
| 2050                                                                                                                                                                                   | -- | 423 | 4,719 | 125.0 | 100.7 |
| 2051                                                                                                                                                                                   | -- | 413 | 4,794 | 127.4 | 103.7 |
| 2052                                                                                                                                                                                   | -- | 405 | 4,869 | 129.7 | 106.7 |
| 2053                                                                                                                                                                                   | -- | 396 | 4,943 | 131.9 | 109.5 |
| 2054                                                                                                                                                                                   | -- | 388 | 5,017 | 133.9 | 112.2 |
| 2055                                                                                                                                                                                   | -- | 380 | 5,091 | 135.9 | 114.9 |
| 2056                                                                                                                                                                                   | -- | 372 | 5,164 | 137.8 | 117.4 |
| 2057                                                                                                                                                                                   | -- | 364 | 5,238 | 139.5 | 119.8 |
| 2058                                                                                                                                                                                   | -- | 356 | 5,311 | 141.2 | 122.1 |
| 2059                                                                                                                                                                                   | -- | 349 | 5,384 | 142.8 | 124.4 |
| 2060                                                                                                                                                                                   | -- | 341 | 5,457 | 144.3 | 126.5 |
| 2061                                                                                                                                                                                   | -- | 333 | 5,530 | 145.7 | 128.6 |
| 2062                                                                                                                                                                                   | -- | 326 | 5,603 | 147.1 | 130.6 |
| 2063                                                                                                                                                                                   | -- | 318 | 5,677 | 148.3 | 132.5 |
| 2064                                                                                                                                                                                   | -- | 310 | 5,750 | 149.4 | 134.4 |
| 2065                                                                                                                                                                                   | -- | 306 | 5,825 | 147.0 | 136.2 |
| 2066                                                                                                                                                                                   | -- | 304 | 5,897 | 144.6 | 138.0 |
| 2067                                                                                                                                                                                   | -- | 305 | 5,967 | 142.2 | 139.7 |
| 2068                                                                                                                                                                                   | -- | 309 | 6,033 | 139.9 | 141.3 |
| 2069                                                                                                                                                                                   | -- | 315 | 6,096 | 137.5 | 142.9 |
| 2070                                                                                                                                                                                   | -- | 324 | 6,156 | 135.3 | 144.4 |
| 2071                                                                                                                                                                                   | -- | 335 | 6,213 | 133.0 | 145.9 |
| 2072                                                                                                                                                                                   | -- | 347 | 6,268 | 130.8 | 147.3 |
| 2073                                                                                                                                                                                   | -- | 362 | 6,319 | 128.6 | 148.8 |
| 2074                                                                                                                                                                                   | -- | 378 | 6,368 | 126.4 | 150.2 |
| 2075                                                                                                                                                                                   | -- | 396 | 6,414 | 124.3 | 151.5 |
| 2076                                                                                                                                                                                   | -- | 416 | 6,456 | 122.2 | 152.9 |
| 2077                                                                                                                                                                                   | -- | 437 | 6,496 | 120.2 | 154.3 |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1/ 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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