III. APPENDICES
H. STATEMENT OF ACTUARIAL OPINION
It is my opinion that (1) the techniques and methodology used herein to
evaluate the financial and actuarial status of the Federal Old-Age and
Survivors Insurance and Disability Insurance Trust Funds are generally
accepted within the actuarial profession; and (2) the assumptions used
and the resulting actuarial estimates are, in the aggregate, reasonable
for the purpose of evaluating the financial and actuarial status of the
trust funds, taking into consideration the experience and expectations of
the program and the deferral, until next year's report, of reflecting the
effects of changes in the measurement of the Consumer Price Index and the
growth in real Gross Domestic Product.
Harry C. Ballantyne,
Associate of the Society of Actuaries,
Member of the American Academy of Actuaries,
Chief Actuary, Social Security Administration
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