Note: "Self Annuitization" presumes that retirees would continue to invest their assets in the same manner as before retirement, and make monthly withdrawals that, on average, roughly match the pattern of a CPI-indexed life annuity.
Earnings Scale Factors #2: using cross section data of all fully insured for 1985-94
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1/ Values may be somewhat overstated due to use of general population mortality for annuity calculations.
2/ The balance of each portfolio is assumed to be invested in Long-Term U.S. Government Bonds.
Based on the intermediate assumptions of the 2001 Trustees Report
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Office of the Actuary Social Security Administration December 16, 2001
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