SMI Financial Status Figure II.C3 shows this ratio for historical years and for projected years under the intermediate scenario, as well as under the lower growth range (optimistic) and the upper growth range (pessimistic) cost sensitivity scenarios. Table II.C11.−Actuarial Status of the SMI Trust Fund under Three Cost Sensitivity Scenarios for Financing Periods through December 31, 2002 As of December 31, Intermediate scenario: Actuarial status (in millions) Assets Liabilities Assets less liabilities Ratio (in percent)1 Low range scenario: Actuarial status (in millions) Assets Liabilities Assets less liabilities Ratio (in percent)1 Upper range scenario: Actuarial status (in millions) Assets Liabilities Assets less liabilities
2000
2001
2002
$44,027 6,891 37,136
$41,270 8,405 32,865
$37,324 8,541 28,784
36.1
30.4
25.6
$44,027 6,891 37,136
$41,270 8,161 33,108
$41,802 8,057 33,746
37.0
32.8
33.6
$44,027 6,891 37,136
$41,270 8,660 32,609
$32,603 9,051 23,552
Ratio (in percent)1 35.2 28.1 19.0 Ratio of assets less liabilities at the end of the year to the total incurred expenditures during the following year, expressed as a percent. 1
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