Static Simulated?

I just thought I'd check here first and make sure no one knew before advertising on the Atari Forums.

What is the difference between Static and Static Simulated, as far as functions go? Apparently, Static automatically insinuates Simulated, so isn't it a bit redundant?

Static means that the method can be called without an object of that class. It can be called from anywhere, and generally has no state.

Simulated has to do with replication. Simulated functions are generally executed on the client side, and not the server side.

They do have other meanings in a couple different contexts.

http://wiki.beyondunreal.com/wiki/Static_Function

http://wiki.beyondunreal.com/wiki/Simulated_Function

I'm not questioning the the definitions or differences between Static and Simulated. My question is: are the two following code snippets the same? If so, why does the former exist? If not, what is the difference?
Code:

static simulated function ModifyPawn( RPGPlayerData Data, int AbilityLevel );

Code:

static function ModifyPawn( RPGPlayerData Data, int AbilityLevel );

I looked on the Wiki before my first post, and it told me that Statics are automatically considered Simulated, so I'm thinking it would be redundant to have 'static simulated' functions.