| IA Contribution 6.4%,Benefit Offset 100.0% With Ultimate Real Trust Fund Interest Rate of 3.0With Ultimate Real IA Net Yield Rate of 5.2With Annuity Net Yield Rate of 5.2Corporate Tax to Trust Fund as Percent of Pretax IA Real Yield 23.9                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Year                                                                                                                                                                                                                                                                       | CostRate | IncomeRate1 | AnnualBalance | TrustFund Ratio1-1-Year | Net General FundTransfers to TrustFund1(Percent ofPayroll) | Change in OASDIEffectiveContributionRate | EffectiveOASDIContributionRate2 | Cut inContributionRate forAnnualBalance | IA ContributionRate---Redirectedfrom Payroll Tax |
| 2003                                                                                                                                                                                                                                                                       | 10.89 | 12.70 | 1.81 | 288 |   |   | 12.40 |   | 0 |
| 2004                                                                                                                                                                                                                                                                       | 10.82 | 12.69 | 1.88 | 309 |   |   | 12.40 |   | 0 |
| 2005                                                                                                                                                                                                                                                                       | 10.73 | 7.64 | -3.10 | 330 | 0.32 | -5.38 | 7.02 |   | 5.38 |
| 2006                                                                                                                                                                                                                                                                       | 10.65 | 7.92 | -2.74 | 305 | 0.92 | -0.32 | 6.69 |   | 5.71 |
| 2007                                                                                                                                                                                                                                                                       | 10.67 | 8.42 | -2.24 | 282 | 1.52 | -0.11 | 6.59 |   | 5.81 |
| 2008                                                                                                                                                                                                                                                                       | 10.73 | 8.94 | -1.79 | 262 | 2.12 | -0.10 | 6.49 |   | 5.91 |
| 2009                                                                                                                                                                                                                                                                       | 10.84 | 9.47 | -1.37 | 246 | 2.73 | -0.09 | 6.40 |   | 6.00 |
| 2010                                                                                                                                                                                                                                                                       | 10.99 | 10.01 | -0.97 | 233 | 3.33 | -0.08 | 6.32 |   | 6.08 |
| 2011                                                                                                                                                                                                                                                                       | 11.16 | 10.60 | -0.56 | 223 | 3.94 | -0.06 | 6.26 |   | 6.14 |
| 2012                                                                                                                                                                                                                                                                       | 11.37 | 11.18 | -0.19 | 217 | 4.55 | -0.05 | 6.21 |   | 6.19 |
| 2013                                                                                                                                                                                                                                                                       | 11.60 | 11.29 | -0.31 | 214 | 4.69 | -0.04 | 6.16 |   | 6.24 |
| 2014                                                                                                                                                                                                                                                                       | 11.84 | 11.41 | -0.43 | 210 | 4.83 | -0.04 | 6.12 |   | 6.28 |
| 2015                                                                                                                                                                                                                                                                       | 12.09 | 11.54 | -0.55 | 205 | 4.97 | -0.03 | 6.09 |   | 6.31 |
| 2016                                                                                                                                                                                                                                                                       | 12.34 | 11.68 | -0.65 | 200 | 5.12 | -0.02 | 6.07 |   | 6.33 |
| 2017                                                                                                                                                                                                                                                                       | 12.58 | 11.84 | -0.75 | 194 | 5.27 | -0.01 | 6.06 |   | 6.34 |
| 2018                                                                                                                                                                                                                                                                       | 12.82 | 12.00 | -0.82 | 187 | 5.42 | -0.01 | 6.05 |   | 6.35 |
| 2019                                                                                                                                                                                                                                                                       | 13.04 | 12.17 | -0.88 | 181 | 5.59 | -0.01 | 6.04 |   | 6.36 |
| 2020                                                                                                                                                                                                                                                                       | 13.26 | 12.34 | -0.92 | 174 | 5.75 | -0.01 | 6.03 |   | 6.37 |
| 2021                                                                                                                                                                                                                                                                       | 13.47 | 12.52 | -0.95 | 167 | 5.92 | -0.01 | 6.03 |   | 6.37 |
| 2022                                                                                                                                                                                                                                                                       | 13.65 | 12.70 | -0.96 | 160 | 6.09 | -0.01 | 6.02 |   | 6.38 |
| 2023                                                                                                                                                                                                                                                                       | 13.78 | 12.88 | -0.91 | 155 | 6.26 | 0.00 | 6.02 |   | 6.38 |
| 2024                                                                                                                                                                                                                                                                       | 13.90 | 13.06 | -0.84 | 149 | 6.44 | 0.00 | 6.02 |   | 6.38 |
| 2025                                                                                                                                                                                                                                                                       | 13.98 | 13.24 | -0.74 | 145 | 6.62 | 0.00 | 6.01 |   | 6.39 |
| 2026                                                                                                                                                                                                                                                                       | 14.04 | 13.43 | -0.61 | 141 | 6.80 | 0.00 | 6.01 |   | 6.39 |
| 2027                                                                                                                                                                                                                                                                       | 14.07 | 13.61 | -0.45 | 139 | 6.98 | 0.00 | 6.01 |   | 6.39 |
| 2028                                                                                                                                                                                                                                                                       | 14.06 | 13.80 | -0.26 | 138 | 7.17 | 0.00 | 6.01 |   | 6.39 |
| 2029                                                                                                                                                                                                                                                                       | 14.02 | 13.99 | -0.03 | 139 | 7.35 | 0.00 | 6.01 |   | 6.39 |
| 2030                                                                                                                                                                                                                                                                       | 13.94 | 13.94 | 0.00 | 141 | 7.31 | 0.00 | 6.00 |   | 6.40 |
| 2031                                                                                                                                                                                                                                                                       | 13.83 | 13.83 | 0.00 | 145 | 7.20 | 0.00 | 6.00 |   | 6.40 |
| 2032                                                                                                                                                                                                                                                                       | 13.69 | 13.69 | 0.00 | 148 | 7.06 | 0.00 | 6.00 |   | 6.40 |
| 2033                                                                                                                                                                                                                                                                       | 13.52 | 13.52 | 0.00 | 153 | 6.90 | 0.00 | 6.00 |   | 6.40 |
| 2034                                                                                                                                                                                                                                                                       | 13.33 | 13.32 | 0.00 | 157 | 6.71 | 0.00 | 6.00 |   | 6.40 |
| 2035                                                                                                                                                                                                                                                                       | 13.12 | 13.11 | 0.00 | 162 | 6.51 | 0.00 | 6.00 |   | 6.40 |
| 2036                                                                                                                                                                                                                                                                       | 12.88 | 12.89 | 0.00 | 167 | 6.29 | 0.00 | 6.00 |   | 6.40 |
| 2037                                                                                                                                                                                                                                                                       | 12.63 | 12.63 | 0.00 | 173 | 6.04 | 0.00 | 6.00 |   | 6.40 |
| 2038                                                                                                                                                                                                                                                                       | 12.36 | 12.35 | 0.00 | 180 | 5.78 | 0.00 | 6.00 |   | 6.40 |
| 2039                                                                                                                                                                                                                                                                       | 12.07 | 12.07 | 0.00 | 187 | 5.51 | 0.00 | 6.00 |   | 6.40 |
| 2040                                                                                                                                                                                                                                                                       | 11.77 | 11.77 | 0.00 | 195 | 5.23 | 0.00 | 6.00 |   | 6.40 |
| 2041                                                                                                                                                                                                                                                                       | 11.46 | 11.46 | 0.00 | 203 | 4.93 | 0.00 | 6.00 |   | 6.40 |
| 2042                                                                                                                                                                                                                                                                       | 11.14 | 11.14 | 0.00 | 212 | 4.63 | 0.00 | 6.00 |   | 6.40 |
| 2043                                                                                                                                                                                                                                                                       | 10.81 | 10.81 | 0.00 | 222 | 4.31 | 0.00 | 6.00 |   | 6.40 |
| 2044                                                                                                                                                                                                                                                                       | 10.47 | 10.47 | 0.00 | 233 | 3.99 | 0.00 | 6.00 |   | 6.40 |
| 2045                                                                                                                                                                                                                                                                       | 10.14 | 10.13 | 0.00 | 245 | 3.67 | 0.00 | 6.00 |   | 6.40 |
| 2046                                                                                                                                                                                                                                                                       | 9.79 | 9.79 | 0.00 | 258 | 3.34 | 0.00 | 6.00 |   | 6.40 |
| 2047                                                                                                                                                                                                                                                                       | 9.44 | 9.44 | 0.00 | 272 | 3.01 | 0.00 | 6.00 |   | 6.40 |
| 2048                                                                                                                                                                                                                                                                       | 9.09 | 9.09 | 0.00 | 287 | 2.68 | 0.00 | 6.00 |   | 6.40 |
| 2049                                                                                                                                                                                                                                                                       | 8.75 | 8.74 | 0.00 | 303 | 2.35 | 0.00 | 6.00 |   | 6.40 |
| 2050                                                                                                                                                                                                                                                                       | 8.41 | 8.41 | 0.00 | 320 | 2.03 | 0.00 | 6.00 |   | 6.40 |
| 2051                                                                                                                                                                                                                                                                       | 8.07 | 8.07 | 0.00 | 339 | 1.71 | 0.00 | 6.00 |   | 6.40 |
| 2052                                                                                                                                                                                                                                                                       | 7.75 | 7.74 | 0.00 | 359 | 1.40 | 0.00 | 6.00 |   | 6.40 |
| 2053                                                                                                                                                                                                                                                                       | 7.42 | 7.42 | 0.00 | 381 | 1.09 | 0.00 | 6.00 |   | 6.40 |
| 2054                                                                                                                                                                                                                                                                       | 7.11 | 7.12 | 0.00 | 404 | 0.81 | 0.00 | 6.00 |   | 6.40 |
| 2055                                                                                                                                                                                                                                                                       | 6.84 | 6.84 | 0.00 | 427 | 0.55 | 0.00 | 6.00 |   | 6.40 |
| 2056                                                                                                                                                                                                                                                                       | 6.58 | 6.58 | 0.00 | 452 | 0.30 | 0.00 | 6.00 |   | 6.40 |
| 2057                                                                                                                                                                                                                                                                       | 6.34 | 6.34 | 0.00 | 477 | 0.07 | 0.00 | 6.00 |   | 6.40 |
| 2058                                                                                                                                                                                                                                                                       | 6.11 | 6.11 | 0.00 | 503 | 0.00 | -0.15 | 5.85 | 0.15 | 6.40 |
| 2059                                                                                                                                                                                                                                                                       | 5.90 | 5.90 | 0.00 | 529 | 0.00 | -0.20 | 5.65 | 0.35 | 6.40 |
| 2060                                                                                                                                                                                                                                                                       | 5.71 | 5.71 | 0.00 | 556 | 0.00 | -0.18 | 5.47 | 0.53 | 6.40 |
| 2061                                                                                                                                                                                                                                                                       | 5.53 | 5.53 | 0.00 | 584 | 0.00 | -0.17 | 5.30 | 0.70 | 6.40 |
| 2062                                                                                                                                                                                                                                                                       | 5.37 | 5.37 | 0.00 | 611 | 0.00 | -0.15 | 5.15 | 0.85 | 6.40 |
| 2063                                                                                                                                                                                                                                                                       | 5.22 | 5.22 | 0.00 | 639 | 0.00 | -0.14 | 5.01 | 0.99 | 6.40 |
| 2064                                                                                                                                                                                                                                                                       | 5.09 | 5.09 | 0.00 | 667 | 0.00 | -0.13 | 4.88 | 1.12 | 6.40 |
| 2065                                                                                                                                                                                                                                                                       | 4.99 | 4.99 | 0.00 | 691 | 0.00 | -0.09 | 4.79 | 1.21 | 6.40 |
| 2066                                                                                                                                                                                                                                                                       | 4.90 | 4.90 | 0.00 | 715 | 0.00 | -0.08 | 4.71 | 1.29 | 6.40 |
| 2067                                                                                                                                                                                                                                                                       | 4.82 | 4.82 | 0.00 | 739 | 0.00 | -0.07 | 4.63 | 1.37 | 6.40 |
| 2068                                                                                                                                                                                                                                                                       | 4.75 | 4.75 | 0.00 | 763 | 0.00 | -0.07 | 4.56 | 1.44 | 6.40 |
| 2069                                                                                                                                                                                                                                                                       | 4.69 | 4.69 | 0.00 | 786 | 0.00 | -0.06 | 4.50 | 1.50 | 6.40 |
| 2070                                                                                                                                                                                                                                                                       | 4.63 | 4.63 | 0.00 | 809 | 0.00 | -0.05 | 4.45 | 1.55 | 6.40 |
| 2071                                                                                                                                                                                                                                                                       | 4.58 | 4.58 | 0.00 | 831 | 0.00 | -0.04 | 4.41 | 1.59 | 6.40 |
| 2072                                                                                                                                                                                                                                                                       | 4.54 | 4.54 | 0.00 | 853 | 0.00 | -0.04 | 4.37 | 1.63 | 6.40 |
| 2073                                                                                                                                                                                                                                                                       | 4.51 | 4.51 | 0.00 | 874 | 0.00 | -0.03 | 4.33 | 1.67 | 6.40 |
| 2074                                                                                                                                                                                                                                                                       | 4.48 | 4.48 | 0.00 | 895 | 0.00 | -0.03 | 4.31 | 1.69 | 6.40 |
| 2075                                                                                                                                                                                                                                                                       | 4.45 | 4.45 | 0.00 | 915 | 0.00 | -0.02 | 4.28 | 1.72 | 6.40 |
| 2076                                                                                                                                                                                                                                                                       | 4.43 | 4.43 | 0.00 | 936 | 0.00 | -0.02 | 4.26 | 1.74 | 6.40 |
| 2077                                                                                                                                                                                                                                                                       | 4.41 | 4.41 | 0.00 | 956 | 0.00 | -0.02 | 4.24 | 1.76 | 6.40 |
| 2078                                                                                                                                                                                                                                                                       | 4.39 | 4.39 | 0.00 | 976 | 0.00 | -0.02 | 4.22 | 1.78 | 6.40 |
|                                                                                                                                                                                                                                                                       | Summarized |   |   |
| CostRateOASDI                                                                                                                                                                                                                                                              | IncomeRateOASDI | ActuarialBalanceOASDI | Change inActuarialBalance |
| **2003****-2077**                                                                                                                                                                                                                                                          | **10.58** | **10.85** | **0.27** | **2.19** |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1 Includes Specified and Corporate Tax-based General Fund Transfers (see table 1.d).2 Net payroll tax rate to the Trust Funds; reduced by amount redirected for IA contribution, and cut for annual balance. |
|                                                                                                                                                                                                                                                                       | Office of the ActuarySocial Security AdministrationJuly 15, 2004 |

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