| PRSA proceeds go to estate if worker dies before entitlementUltimate Real Trust Fund Interest Rate 3.00Ultimate Real PRSA Rate for Offset     3.70**Assumed PRSA Participation Rate 67%**                                                                                            |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Year                                                                                                                                                                                                                                                                                 | OASDI | TFR1-1-yr | Marginal Change in OASDIContribution Rate | NetOASDIContributionRate 2/ | PRSA Contribution Rate |
| CostRate 1/                                                                                                                                                                                                                                                                          | IncomeRate | AnnualBalance | Total | Redirectionto PRSAs | Reimbursementfor MinimumDI Benefits | SpecifiedGeneral FundTransfers | FromTrust Funds | RefundableCredit fromGeneral Fund | AveragePRSAContributionRate |
| 2003                                                                                                                                                                                                                                                                                 | 10.90 | 12.71 | 1.80 | 288 |   |   |   |   | 12.40 |   |   |   |
| 2004                                                                                                                                                                                                                                                                                 | 10.83 | 12.69 | 1.86 | 309 |   |   |   |   | 12.40 |   |   |   |
| 2005                                                                                                                                                                                                                                                                                 | 10.99 | 11.05 | 0.06 | 320 | -1.662 | -1.667 | 0.005 |   | 10.74 | 1.67 | 0.23 | 1.89 |
| 2006                                                                                                                                                                                                                                                                                 | 10.85 | 11.16 | 0.31 | 326 | 0.112 |   | 0.010 | 0.102 | 10.85 | 1.67 | 0.23 | 1.89 |
| 2007                                                                                                                                                                                                                                                                                 | 10.80 | 11.58 | 0.79 | 331 | 0.409 |   | 0.003 | 0.405 | 11.26 | 1.67 | 0.23 | 1.89 |
| 2008                                                                                                                                                                                                                                                                                 | 10.79 | 12.05 | 1.26 | 341 | 0.450 |   | -0.002 | 0.453 | 11.71 | 1.67 | 0.23 | 1.89 |
| 2009                                                                                                                                                                                                                                                                                 | 10.81 | 12.51 | 1.70 | 354 | 0.456 |   | -0.002 | 0.458 | 12.17 | 1.67 | 0.23 | 1.89 |
| 2010                                                                                                                                                                                                                                                                                 | 10.84 | 12.95 | 2.11 | 371 | 0.428 |   | -0.001 | 0.429 | 12.59 | 1.67 | 0.23 | 1.89 |
| 2011                                                                                                                                                                                                                                                                                 | 10.89 | 13.51 | 2.62 | 393 | 0.520 |   | 0.000 | 0.520 | 13.11 | 1.67 | 0.23 | 1.89 |
| 2012                                                                                                                                                                                                                                                                                 | 10.95 | 14.18 | 3.23 | 418 | 0.653 |   | 0.000 | 0.653 | 13.77 | 1.67 | 0.23 | 1.89 |
| 2013                                                                                                                                                                                                                                                                                 | 11.03 | 14.10 | 3.07 | 448 | -0.088 |   | 0.000 | -0.088 | 13.68 | 1.67 | 0.23 | 1.89 |
| 2014                                                                                                                                                                                                                                                                                 | 11.13 | 11.18 | 0.05 | 477 | -2.933 |   | -0.001 | -2.932 | 10.75 | 1.67 | 0.23 | 1.89 |
| 2015                                                                                                                                                                                                                                                                                 | 11.23 | 11.19 | -0.04 | 479 | 0.000 |   | 0.000 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2016                                                                                                                                                                                                                                                                                 | 11.36 | 11.20 | -0.16 | 480 | 0.000 |   | 0.000 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2017                                                                                                                                                                                                                                                                                 | 11.50 | 11.22 | -0.29 | 479 | 0.001 |   | 0.001 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2018                                                                                                                                                                                                                                                                                 | 11.65 | 11.23 | -0.42 | 478 | 0.001 |   | 0.001 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2019                                                                                                                                                                                                                                                                                 | 11.78 | 11.24 | -0.54 | 475 | 0.001 |   | 0.001 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2020                                                                                                                                                                                                                                                                                 | 11.94 | 11.26 | -0.68 | 471 | 0.001 |   | 0.001 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2021                                                                                                                                                                                                                                                                                 | 12.10 | 11.27 | -0.82 | 466 | 0.002 |   | 0.002 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2022                                                                                                                                                                                                                                                                                 | 12.24 | 11.29 | -0.95 | 461 | 0.002 |   | 0.002 |   | 10.75 | 1.67 | 0.23 | 1.89 |
| 2023                                                                                                                                                                                                                                                                                 | 12.35 | 11.30 | -1.05 | 456 | 0.002 |   | 0.002 |   | 10.76 | 1.67 | 0.23 | 1.89 |
| 2024                                                                                                                                                                                                                                                                                 | 12.45 | 11.32 | -1.13 | 451 | 0.002 |   | 0.002 |   | 10.76 | 1.67 | 0.23 | 1.89 |
| 2025                                                                                                                                                                                                                                                                                 | 12.53 | 11.33 | -1.20 | 446 | 0.003 |   | 0.003 |   | 10.76 | 1.67 | 0.23 | 1.89 |
| 2026                                                                                                                                                                                                                                                                                 | 12.59 | 11.18 | -1.42 | 441 | -0.164 | -0.167 | 0.003 |   | 10.60 | 1.83 | 0.23 | 2.06 |
| 2027                                                                                                                                                                                                                                                                                 | 12.63 | 11.19 | -1.45 | 436 | 0.003 |   | 0.003 |   | 10.60 | 1.83 | 0.23 | 2.06 |
| 2028                                                                                                                                                                                                                                                                                 | 12.66 | 11.20 | -1.46 | 430 | 0.003 |   | 0.003 |   | 10.60 | 1.83 | 0.23 | 2.06 |
| 2029                                                                                                                                                                                                                                                                                 | 12.67 | 11.21 | -1.46 | 424 | 0.003 |   | 0.003 |   | 10.61 | 1.83 | 0.23 | 2.06 |
| 2030                                                                                                                                                                                                                                                                                 | 12.66 | 11.22 | -1.44 | 420 | 0.003 |   | 0.003 |   | 10.61 | 1.83 | 0.23 | 2.06 |
| 2031                                                                                                                                                                                                                                                                                 | 12.61 | 11.23 | -1.39 | 416 | 0.003 |   | 0.003 |   | 10.61 | 1.83 | 0.23 | 2.06 |
| 2032                                                                                                                                                                                                                                                                                 | 12.54 | 11.24 | -1.31 | 414 | 0.003 |   | 0.003 |   | 10.62 | 1.83 | 0.23 | 2.06 |
| 2033                                                                                                                                                                                                                                                                                 | 12.45 | 11.24 | -1.21 | 413 | 0.003 |   | 0.003 |   | 10.62 | 1.83 | 0.23 | 2.06 |
| 2034                                                                                                                                                                                                                                                                                 | 12.34 | 11.25 | -1.09 | 413 | 0.004 |   | 0.004 |   | 10.62 | 1.83 | 0.23 | 2.06 |
| 2035                                                                                                                                                                                                                                                                                 | 12.22 | 11.25 | -0.97 | 414 | 0.004 |   | 0.004 |   | 10.63 | 1.83 | 0.23 | 2.06 |
| 2036                                                                                                                                                                                                                                                                                 | 12.08 | 11.26 | -0.83 | 417 | 0.004 |   | 0.004 |   | 10.63 | 1.83 | 0.23 | 2.06 |
| 2037                                                                                                                                                                                                                                                                                 | 11.93 | 11.26 | -0.67 | 422 | 0.004 |   | 0.004 |   | 10.63 | 1.83 | 0.23 | 2.06 |
| 2038                                                                                                                                                                                                                                                                                 | 11.77 | 11.26 | -0.51 | 429 | 0.004 |   | 0.004 |   | 10.64 | 1.83 | 0.23 | 2.06 |
| 2039                                                                                                                                                                                                                                                                                 | 11.60 | 10.77 | -0.83 | 438 | -0.495 | -0.500 | 0.005 |   | 10.14 | 2.33 | 0.23 | 2.56 |
| 2040                                                                                                                                                                                                                                                                                 | 11.43 | 10.44 | -1.00 | 444 | -0.329 | -0.333 | 0.005 |   | 9.82 | 2.67 | 0.23 | 2.89 |
| 2041                                                                                                                                                                                                                                                                                 | 11.25 | 10.11 | -1.15 | 449 | -0.328 | -0.333 | 0.005 |   | 9.49 | 3.00 | 0.23 | 3.23 |
| 2042                                                                                                                                                                                                                                                                                 | 11.07 | 9.61 | -1.46 | 454 | -0.495 | -0.500 | 0.005 |   | 8.99 | 3.50 | 0.23 | 3.73 |
| 2043                                                                                                                                                                                                                                                                                 | 10.88 | 9.11 | -1.76 | 456 | -0.494 | -0.500 | 0.006 |   | 8.50 | 4.00 | 0.23 | 4.23 |
| 2044                                                                                                                                                                                                                                                                                 | 10.68 | 8.62 | -2.06 | 455 | -0.494 | -0.500 | 0.006 |   | 8.00 | 4.50 | 0.23 | 4.73 |
| 2045                                                                                                                                                                                                                                                                                 | 10.50 | 8.12 | -2.38 | 451 | -0.493 | -0.500 | 0.007 |   | 7.51 | 5.00 | 0.23 | 5.23 |
| 2046                                                                                                                                                                                                                                                                                 | 10.32 | 7.80 | -2.52 | 444 | -0.326 | -0.333 | 0.007 |   | 7.18 | 5.33 | 0.23 | 5.56 |
| 2047                                                                                                                                                                                                                                                                                 | 10.13 | 7.80 | -2.33 | 435 | 0.008 |   | 0.008 |   | 7.19 | 5.33 | 0.23 | 5.56 |
| 2048                                                                                                                                                                                                                                                                                 | 9.94 | 7.81 | -2.13 | 428 | 0.008 |   | 0.008 |   | 7.20 | 5.33 | 0.23 | 5.56 |
| 2049                                                                                                                                                                                                                                                                                 | 9.76 | 7.82 | -1.94 | 421 | 0.009 |   | 0.009 |   | 7.21 | 5.33 | 0.23 | 5.56 |
| 2050                                                                                                                                                                                                                                                                                 | 9.58 | 7.83 | -1.75 | 416 | 0.010 |   | 0.010 |   | 7.22 | 5.33 | 0.23 | 5.56 |
| 2051                                                                                                                                                                                                                                                                                 | 9.40 | 7.84 | -1.56 | 413 | 0.010 |   | 0.010 |   | 7.23 | 5.33 | 0.23 | 5.56 |
| 2052                                                                                                                                                                                                                                                                                 | 9.23 | 7.85 | -1.38 | 411 | 0.011 |   | 0.011 |   | 7.24 | 5.33 | 0.23 | 5.56 |
| 2053                                                                                                                                                                                                                                                                                 | 9.06 | 7.86 | -1.20 | 410 | 0.011 |   | 0.011 |   | 7.25 | 5.33 | 0.23 | 5.56 |
| 2054                                                                                                                                                                                                                                                                                 | 8.89 | 7.87 | -1.01 | 412 | 0.011 |   | 0.011 |   | 7.26 | 5.33 | 0.23 | 5.56 |
| 2055                                                                                                                                                                                                                                                                                 | 8.74 | 7.89 | -0.85 | 414 | 0.012 |   | 0.012 |   | 7.27 | 5.33 | 0.23 | 5.56 |
| 2056                                                                                                                                                                                                                                                                                 | 8.59 | 7.90 | -0.69 | 419 | 0.012 |   | 0.012 |   | 7.29 | 5.33 | 0.23 | 5.56 |
| 2057                                                                                                                                                                                                                                                                                 | 8.44 | 7.92 | -0.52 | 425 | 0.012 |   | 0.012 |   | 7.30 | 5.33 | 0.23 | 5.56 |
| 2058                                                                                                                                                                                                                                                                                 | 8.29 | 7.93 | -0.36 | 434 | 0.012 |   | 0.012 |   | 7.31 | 5.33 | 0.23 | 5.56 |
| 2059                                                                                                                                                                                                                                                                                 | 8.14 | 7.94 | -0.19 | 445 | 0.012 |   | 0.012 |   | 7.32 | 5.33 | 0.23 | 5.56 |
| 2060                                                                                                                                                                                                                                                                                 | 7.99 | 7.96 | -0.03 | 458 | 0.012 |   | 0.012 |   | 7.33 | 5.33 | 0.23 | 5.56 |
| 2061                                                                                                                                                                                                                                                                                 | 7.83 | 7.97 | 0.14 | 475 | 0.012 |   | 0.012 |   | 7.35 | 5.33 | 0.23 | 5.56 |
| 2062                                                                                                                                                                                                                                                                                 | 7.68 | 7.99 | 0.30 | 494 | 0.012 |   | 0.012 |   | 7.36 | 5.33 | 0.23 | 5.56 |
| 2063                                                                                                                                                                                                                                                                                 | 7.54 | 8.00 | 0.47 | 516 | 0.012 |   | 0.012 |   | 7.37 | 5.33 | 0.23 | 5.56 |
| 2064                                                                                                                                                                                                                                                                                 | 7.39 | 8.02 | 0.63 | 541 | 0.013 |   | 0.013 |   | 7.38 | 5.33 | 0.23 | 5.56 |
| 2065                                                                                                                                                                                                                                                                                 | 7.27 | 8.04 | 0.77 | 568 | 0.013 |   | 0.013 |   | 7.40 | 5.33 | 0.23 | 5.56 |
| 2066                                                                                                                                                                                                                                                                                 | 7.15 | 8.05 | 0.91 | 597 | 0.013 |   | 0.013 |   | 7.41 | 5.33 | 0.23 | 5.56 |
| 2067                                                                                                                                                                                                                                                                                 | 7.03 | 8.07 | 1.04 | 630 | 0.012 |   | 0.012 |   | 7.42 | 5.33 | 0.23 | 5.56 |
| 2068                                                                                                                                                                                                                                                                                 | 6.92 | 8.09 | 1.17 | 666 | 0.012 |   | 0.012 |   | 7.43 | 5.33 | 0.23 | 5.56 |
| 2069                                                                                                                                                                                                                                                                                 | 6.81 | 8.11 | 1.30 | 705 | 0.012 |   | 0.012 |   | 7.44 | 5.33 | 0.23 | 5.56 |
| 2070                                                                                                                                                                                                                                                                                 | 6.72 | 8.13 | 1.41 | 746 | 0.011 |   | 0.011 |   | 7.46 | 5.33 | 0.23 | 5.56 |
| 2071                                                                                                                                                                                                                                                                                 | 6.63 | 8.15 | 1.51 | 789 | 0.011 |   | 0.011 |   | 7.47 | 5.33 | 0.23 | 5.56 |
| 2072                                                                                                                                                                                                                                                                                 | 6.55 | 8.16 | 1.62 | 836 | 0.011 |   | 0.011 |   | 7.48 | 5.33 | 0.23 | 5.56 |
| 2073                                                                                                                                                                                                                                                                                 | 6.47 | 8.18 | 1.72 | 885 | 0.011 |   | 0.011 |   | 7.49 | 5.33 | 0.23 | 5.56 |
| 2074                                                                                                                                                                                                                                                                                 | 6.39 | 8.20 | 1.82 | 938 | 0.010 |   | 0.010 |   | 7.50 | 5.33 | 0.23 | 5.56 |
| 2075                                                                                                                                                                                                                                                                                 | 6.31 | 8.22 | 1.91 | 994 | 0.010 |   | 0.010 |   | 7.51 | 5.33 | 0.23 | 5.56 |
| 2076                                                                                                                                                                                                                                                                                 | 6.24 | 8.24 | 2.01 | 1053 | 0.010 |   | 0.010 |   | 7.52 | 5.33 | 0.23 | 5.56 |
| 2077                                                                                                                                                                                                                                                                                 | 6.16 | 8.26 | 2.10 | 1116 | 0.010 |   | 0.010 |   | 7.53 | 5.33 | 0.23 | 5.56 |
| 2078                                                                                                                                                                                                                                                                                 | 6.10 | 8.28 | 2.19 | 1182 | 0.009 |   | 0.009 |   | 7.54 | 5.33 | 0.23 | 5.56 |
|                                                                                                                                                                                                                                                                                 | Summarized |   | Change inActuarialBalance |   |   |   |   |   |   |   |
| CostRate                                                                                                                                                                                                                                                                             | IncomeRate | ActuarialBalance |   |   |   |   |   |   |   |
| 2003-2077                                                                                                                                                                                                                                                                            | 10.62 | 11.09 | 0.47 |   | 2.38 |   |   |   |   |   |   |   |
| Based on Intermediate Assumptions of the 2003 Trustees Report.1/ Net of Benefit Cost Reductions from PRSA Offsets.2/ Includes payroll tax contributions plus reimbursement for minimum DI benefits plus specified General Fund transfers (expressed as a percent of taxable payroll) |
|                                                                                                                                                                                                                                                                                 | Office of the Chief ActuarySocial Security AdministrationSeptember 9, 2003 |

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