KÖRKÉP REFORM UTÁN Tanulmányok a nyugdíjrendszerről

!"""

#"$%$&$

'$!#("%

)("*+,,,

#'""-$""$ $".*/"0&$#(

/-$""$""%"1

!"""2#"$%$&$

3#"/*#"$%$&$*)/"*).$4*56&"".*

7*0.-"8%*0&/9.**")/*

"/9%"*"$"

*":$;*/"$

>

?

!78#=@#

$&$./"-$""+,1/ AA

!7#)B!=5!8578##98

;A?+?C".A??>C$ +D

#E#8#F99

#4($"$$" GA

DH

9I

$/"$*$J DG

#

)=

E:""$-$""(/"-J +GD

09B)8IK!8I8!#=!K#5#9807#

#4"$";/- +>+

!"" +??

!8I8!#=!

#$ 4$'$/"- H,A

#0!78I85!8#

N"C-$""$- HAD

07!7!#

$"/:"$ / HM,

57N57B

#$":"."4" ($"$$&" HLL

05!9!79B

.($$.- HDD

'--$":/%""."*:O/%"C

"$$""."'%/"1-"/-'C

4/&""'%/&-:6$ :""""-$C

""$/:.$(-/"*$"C

%:"K%$$4:"..-"KC

(/"$O'//4"//$"1

#"'%//" /*%/%$"-'""

$ /"%""*$/C($%"$&$.*$"C

"1

D 9P!7B

'"/.*/"/&/ $ ". $/"/"Q

&(%.-4"4/$;'-'//"'";1

#

:"$$C

"'"/"$4""""-*/A??D1/%$'"C

$1((".--$4" */:$%$"$""C

&/*:4($"$$"//%;.*(C

""*;4'$ %""1#!"'""$&/"1--

"$: $&"4$$*"'---.C

//-":".'% /($$//C

%1 '"-$""*"(/"*%/;($

/"''""$K:"//" 4""K

'4;/;1# #'""(""

:"*"%$//*:

"//$" "K- "/"C

-$";' / //"-4.:$(-/1

$$"-$%$4-

'4;/$ -R%'%/"*%"S/%""

/ /" 4$""" !''""14"/";/";"--*

:"(&""$4O$*%$/$C

&/-.:" 4"*:6*:C

/K%.*"". 4$"$K.*

'"/%"/-:"*/$*C

"-"":"*%%:"1#'"

"K$*4".C$%.*" /"""*(/C

"$4-O'$K"//"-%""'-$""C

"$";&""*";RC

--$%/"/%S$/(%$$1

::'""::.*//$"6C

%$".O"/$:$""%O$-.1C

/;*::$(."/"":""/.$"/C

". "%--.* $"/ %.Q "":"--*

:(-"$4/".:/"4 ""$

"-Q%/;"::"::*:6"/%"$-

$* '4;/" /:6 "%6'%"/" 4$C

%;:.*'"''"""$-%"" --C".--

"%"*$"($"$%"41

)("+,,,1%-

58 ?

9!P!7

!78#=@#

$!%!#!

&'!

!()!#!"(

!!*!#)!+!

+ " ! ,)- +

#)# +!

)## !!

.

#"-$""/"'"/"/%4.C

"'$$-""6:

'"/*:'" "-$""R/C

-$""S-%"//-/ .6%""-$&$ "&$.6C

-. $4"$'/(C"C.($"1$ "/*

:'%";/"-$""$"'%/-%"/"R"'--''""S

/5:-$%""'%/:-"C

/$'" -$"""1"'%/"//-

/"$""'%""*$".$""%/%-$&$"'%/'%/"1

!:"T$4"/U2/""$"".-$C

"".*$$&*:$C

%$:$%".$*/(%" --"$&C

4"%1/"%$"%.-"/4 /--*:

/*:"'%/:R4 /"$"S'%""C

"$ ""* '*" "'%//$"""* .%

O--%"" /1E$("/$$""C

-$""%"--/"%&$($"$"'"/"/$$

V#"(!&$"!((""$&:!(("!&:(C

"//%'""/"1! /2LM,WA???1''""""'C

("$!""$"$$E$%"'%""$$""."/;/"1

/0+9&$($"$"/*:=C/(/RC$2$1"":X$1""1:S1

A+ !78#=@#

'"/*/$.(&"-T4U$&$.C

.-/1

--"-/"//%"1# '"

"-$""$/"'%/-%"//$ ("$C

-"/.($/".J+1#/(/$:"$;"

/$ "'%//"C.(-J

".--$//"$ "-$""$"'%/R$-C

"/6"""-$"""QAD?A1Y8I1"&1S*%$" "'C

%/R'//"QA?+D1Y91"&1S"/-%$1

/*:".--$"&("-$"C

"$/:"/%$"*::O/("4C

"4""$($"$.$K.*:"":"$C

/"""&$($"$$(%.1

A1

#)#9!)87!Z!B9#@0=Z

=8758B!!#=#9)87!Z!#+,1!77#=9

AM !78#=@#

("$($"$$-/$"$$""

%/"""1/"* $-;&$"

/("""$*/(:"""$$$"C

*""%("$":"1I/;($*-C

-4'-$"$&$/%/;"*/(%"/$*

: "$'"/$"%$'/(C/ 4 "*

%$"$($:""1U[45#RA?D+S>,11\

#'" "-$""" ."'%/"-'%"

-'%""/"1

A16( ##!*ADD,C/%" A?A,C/%$1

"-$"""$ 1 "'%//%$C

$--/"/O "" """ $-$:1

T5(U$"$"*::$-"*$"%-"C

/4"/";:$--.'%"$-1/"$C

"''4 /"%K""""K/

.1/"($2.4$"*: TC

-""U*./"/; -4""/:"1

+17#!-#!*""'---

A?+,C/%/$%$:-6%/''""$$ -%""

-1--""$/"$-$:1

"#!$:(/:6"%6-$C

//%";/*G,/% """$*/

$:6"%$-""-R//4$"--&$.C

-S1[/2

RA?DDSADL11\4"$

%" *:K$"0&:K-"%//

:6"%6-4""/"/"$%"-$"/C

4. $ R-(/#"$%S* //" $("

4" $$/:$""//% """-$$

[8% RA?DMSGG11\%"/""-$""";C

"/2'/"-$""A?+,C/%-/$

""*$"4.'/"-"C/-"-$""1#

$($'/-&("("""C

$"C/"*H %$"%C

""(/"4""-$""[!(

#!9'

RA?MHSM,11\1

H#4""""

"/"&(%/-%$"T"U%/"*%.C

-$;"%$;"-$"""1

=8758B!!#=#9)87!Z!#+,1!77#=9''""""""/*&A??AC-*&$$"-C

"4"""'%/""C.(-1"C.(-/C

AL !78#=@#

--$$"'%/4&$/:%"A?G,C/%-18*:

$/"-:6$O''""R:$"S

"""""'/"-$""$/;$/$1

#$"#!-%" "'%/"$"$*/"

/$///"-%."'%/$"&%'C

%""/1-/)$-O''""'/"/C

(.*'" -$"""-K&6*$""'--$

-K&"/%" "-%"$*/"'--'$:6.C

"" :6C:$& /%$1" "/5:* !%$ /

$6""' *:"/%--%""/-$"C

""1#"'--$-:6/% 4/-*/

9-:6/%$4/-%""/-'" C

-$"""1

#-$&$"'%/$""$*/"'--$-$""$4$/"

"1E""'%/C /"/$ '""".(-*

$1!"-$""*:4//'"C

-$"" $"/:"$"*%$"/

/""("".19"$-*:"'---/C

"(/T-U:"""1$""!"$:$C

%"-$""$$/*"'C

%/ - ":"""*$"

:"""/":[1

RA?D+SAHA11\1"

%""-*:6%$""*("$""C

"""*/&/ --R/%"$/ --S4"'"C

-$"""*"-:$%$--4 4C

-1

=8758B!!#=#9)87!Z!#+,1!77#=9

;""1T%.O*:-$""$$"-

/ %.-6""' "%"$""/-1#/

'% -%"//""/W%(&$.--

$"/"/*($*4"C

""'%/"*4"""""/$""1U[45#RA?D+S

>H11\

/(:" *:"C.($*:--:C

"'" -$""(&""'%/$"*$""C.($C

R--$"""$"%S*%.-&--%"""/

"1#"C.($':".%$"K- $;C

:"*$:/"4"/"//$.-K/%"

1(&"--*$"""$4*4C

"/";$"O$4"$:$("/$1#$$*:"'%/C

:-"$";""""*$$$*

: /$ R.-"/C*-C

"C%-$"".S/%---"""

""6"$1

+1

#79!!0

#"'%/:"$ ("":"&"/ ';*

-$""$4""//"""1#%$"%C

-*://"/$"""/"'%/*

:"/$%$":"1///"*:"'%/%(

*"/""-%$'" -$""

'"//-1#$//($*:!#:-"R///"

"S$;"/$1

#%$"*AD?A/A?+D''""""$ "'%/$%! *

:$(-*-*-"-/:"-C

."%"-$""$1#A?,>C-"-$""$"'%/($/

O""" $"'" R$ "$/S2&

%/;/%"$-$""$'"""/"1

#!!-"/"/%.""4.

'//:"""'%/$.:"""*$"(

""""-1A?HLC-:""'%/""$"'" C

-$"".*A?HDC- $.'/$-$""C

AD !78#=@#

.1-- -"//-$"+:%--4'C

*%$" 1

#$"%"":"*::$&/%%//C

$$""//-$"- $.1

-R$*:"/%" 4"$("4$C

-%;S"'$""""$""""-C

"/C*-"C/"-.1

!"$$"4. " $&$" "'--*

$"H/%"-$""""AD?AC-"-$""$"'%/(C

1E./"!7$$"/

':"1#"$---%"

"/1[;RA??>S"$"4-(

4&1!#!!#1\# "/-% --:"1A?A,C

"$-"+>/4''""%"-%"*

AH /1 !-'" * :

""M,/%""&($"L/'%/"$;"/$1#

"/-($A?M,C-A?A,C"C.($

$""/"1

# '-;K"$$"K)#+#(

#.$"4%""/%-$""""1#4"$".C

&!#!

#-"/-$"""""/ -

V/"C.(-R/S

)

*+, **'*

""! ""'! %-'$ "%'# !'

" ! "' #-'- %'#% $ '$

"%! '! %"'. %#'!$ "'%

"$! "!'%% !%' ""' %"'

"! '"$ '" $'.- $-' %

VE%"/!%.$/;$";"1

VV45#RA?D+S *:!-"

"$"1!4$$"4"1--$ -""$C

":"*:%/"1-4"$C

"%R.S/(/"//-'%- / "$1$-"":"'C

:"1

4!:$/1

=8758B!!#=#9)87!Z!#+,1!77#=9 !#!S1#'/(" %"*:

M/"$""$($4%/""1;*:

$$%":" -"/-/":"/($/"-$""C

$ ""$"$*:$ "".$(" R/ &/-./;"S1

+, !78#=@#

/$-/%/$-/"""'" -$""1

#"/C'"/"-$:".1A?M,C

"""C.($".1T/ /C

U%/$/$$-%"$-$"""*/- -C

%"%$""'/"1#"'--$-$--%C

/-$"""""%*/--"" 4&$C

'/(/"1

H1

9E!0!#0@#7#

$":".-"-$""$""//$&/C

"/J/((4%2::"*:"-$C

""$*-;$*$&:"/C

O''""-"$$ -J%$"":".

/*:"$:/("

:"%""/"/OJ!"/$":("-4'1

)! a #T($"$$4 /C

"/%"/"-U4 /-$(/4C

"/";/$;"""""$$.$C/:$$("

[A!RA?LMSMH+11\1! "*$0'/"""*:-$

"-/$ """"1#"/%$-$"C

$($4 /":-6/-"""1#:-6""C

$'%""/-$$(" /$/" ""1T#$($C

-;":"G+/.GM/'%""$$($C

*$&""""*:"$($C

"'--$"4//%(*" $*:

$C/$($-4.';$:"4/

"'"/"'/1U R1 MH?11S#/" "(6 "-$""$ "'C

%//($ -$($T%"$"%U1

"/"/$"$$(R;'' //-

'4.""%$/$$C/:$$(S:%"/:" -$""$C

%/:".$1! "*AD?AC"'%/("$%$"$"""C

*:"'%/".$$"$"-%"(-/C

%*/$"%4"/""/*:%$/$$;"*$C/:$$("

/(%.--%$-$""-1"/"

=8758B!!#=#9)87!Z!#+,1!77#=9

++ !78#=@#

-. ""'"/"/"//- 41 $"

""($4"R$/%"""/"*/

/ --$""""$("-."";""S4C

."("*/:6C:$&/%*6*"TC

%""U1$")02T$--$"$

$$"/$*"("4."/*

%/($.%/ --$/K/"%$:-6'"$"C

" "1$"&6$-*6$'/("K

%"-%"&("%/ ""4C

"""/'-4""("("*

$://%$$''""1U[6RA??+SDDH11\

#:6C:$&/%-""(&"

"$:"$--"T("%&$C

($"$U*4 /(/'%//"&/"*4 /C

(//$"12(""*$C

$*("%"%/*/ ($ $--""C

:*;"1#":"$4"""/

'" "-%"///"%.$""//-

"'"/"1

$0'$"$&$.%. "(

$/" %$:-6$%" 1# %$:-C

6"'%" *4 /((A?ADKA?A?C4:"$-$

/&$$""T$%$4$.""U1#:6/%" C

$%$:-6%//$"".4""T"$/($"$$C

$-4"U"*.%"$&$.""1

#:$%"&$($"$(.-"-$&$$'C

%"/-$"//"%"%-[A!RA?D>S\1# /"C

/""--$(""2"/%$4/C

-/:6/%-4""%;/"C

-$""";"/$*/"4"""//% ($"$$/"C

$""1#4'-$"/""'--.$;"2C

/" 6$(*-/ /"// *$

:"""--""$/$/&/$*/"($

T4'/;$ "'"%:.(" $/-- "$

"*4'4"/6'%""'%"%U1#$C

&$.T""U%"*/:%" /"/C

$%/T"$%*"$/"/ ///-U

R1LAM11S1I$*:AD?,C/%" //""C

=8758B!!#=#9)87!Z!#+,1!77#=9

+M !78#=@#

4+D5#+ F RA?D+S2$"$*=&"$"$ ":=%("4

b4!""$b"(1"24+D5, +F::=%C

("4b4!"" $(#$&1&"$-$:*]

)]$&*91

8$RA?A+S2E"%/%$("'"/"/- *ADM+KA?A+1#8(C

;"$*)("1

8% + RA?DMS2#$""K"'"/$"%"-.1C

10"*)("1

8!8!#51"8"RA??DS2""'"/"$/"

%$:-6$1$$*)("1

8!8!#RA??MS2#&$($"$6"1##'"/""C

$8"/"*)("1

,%C! RA?LHS2E$%" $(""$"$$"4%/"/'/C

ADL>KAD?L''""18($/(" $($!""$"$$"" *?KA,11

11!5FFRADD>S2$""$"$*)("1

1) !S2#$$&$."'"/"/:1I$*A,11

/% G!RA?DGS2#&$$/T//U($"$$C

-ADG,KADD,C/%-1!*H11

/2

+

RA?DDS28&4":""1E":5*&"$b4$(

":!#$":1$"*)$)&]*5-$1

+3 RA??,S25&$*5($"":(!""1#=??,CA??,1)$)&]*

5-$1

;+/ RA??>S20&:;""&:;""#-$"%:"$%

E&:$"$$$-$ b"]$"&:4"$1"$&: $

I$&:1"21+5D+3 5/% +G5;+/R1S2

""-:"1=$4!"$b"]$&:4"1E$"$&:

!$AA1)#(K!;]$*4"K)/&1

+L !78#=@#

F009

4!#!

#$""O' V-"-$"".""%-*

A+"C.($-R/S

/ ""! " !

01 ! #

2 -

/ . .

3 $%

45 $ #%

6 -% --

2 . %

7 %'# %'#%

V#"$-2T#&"$%-4D#%/%G%UR$/" S1

4!:45#RA?D+S>G11

4&!#!

#$-""C-"$"""-$"""""

/ -#"$-/R/S

)

3

*+ ** *+ **

"! '. ##' ( (

""! ".'! --' ".'$ %'

" ! '% ! '$% #'- .#'$

"%! -'# ' $ %"'. %'%

!' ""' $ "$' $"'

.$*E%"/!%.$/;1$AD?AC"'%/(C

$-"-$"":"""""*"A?A,C$$"[;RA??>S

?A11\1

4!:;RA??>S?A11"$(1

=8758B!!#=#9)87!Z!#+,1!77#=9

4=!#!

#8C-V'" /'/"-$""""$($VV

28

"$! "-."%

-$! %!"

"! "$!" #

V -$"".8"/"1

VV //""/1

4!:!#!"

RA?MHSMM11

4>!#!

#"-$""$"/""

/"%-"C.(-

/

"$! "!

**3+,

***3 *+,

01 - ( # $%

2 . $ . $$

/ %$ ( " (

2 - % -- (

45 "" %. "" .

49 -- ( -. .%

6 -! $ "" .-

"! "" #

3 " ! " (

( ( "" (

( ( -! -

4!:45#RA?D+S>L11

+D !7#)B!=5!8578##98

!7#)B!=5!8578##98

7-&((

!!#!"(

?&@!?@"

!##!!:&"-

##H&5>9""!##

!!H>9(""-")#!H?9&@+!(

?9>@ ?9@!("H

!")/

9("+!!(

# +%%(

6-IJ((

!.

A1

#)C@0=Z

@0=ZC80 +?

%"/$1#A?+?C" /"-/("":$"'%/"*$C

"*$$"$^(/"*%$""/:""/""-"".4C

O/"O%/"$"'%/-%"//"$%&$.$"2I$

!!!+!)!"(

!!"+ !#!"

! # !

)!#% + !(

"")+#%!J

[154% RA?+DSAKM11\

#:'""/"1#"".""4$

"'--"":"*%./(%$ $/:" /C

""$$*($"".'"""/"%%/-

""%$ -"1#"". :$%""%"""

:-6$""$://*-%"//"$""""1#%C

./(%$ $ -/"R(/ $/(/S

$":/"/*%$""&%"1#

"'--/-$/"/ """"'%/"*%/;$(C

"//";"""2"".4"/""

-'/$-$""-*:/;$/$-$"":""

;Q&"$--":"."/*//"

""4//::""1T1$!!!(

-"5!%!"5+ %

!%$!J[154% RA?+DS1\

$$T"-$""UJ$"$6*":/"*

(.-"4$'"1E""'$$"C

""1I$"4".*:-$""C"*'."C/C

C*%*$%$-$"":/$/C

:* &$":1$ $ * "-0'

4$&$."--2I!#!

+#!# !!!+

!-!!B!# +

!!##"##%)!+!

##!K!##!)(

5!!!!!5K(

K !#! )

"-#+ ##!?@+!!?(

@)!(##)J[#RA?MMSAM11\

H, !7#)B!=5!8578##98

A1A1

#"'%//--%$

--$"&("$C

(/"R-"(/""-1S*""//($

"'--%"$(/"O''""1-C"".C

:% &(":'" "* /'/"%"1#A?+?C-

-%""""'%/%$"K"/""C

""'%/-%%K'" %//"4.%"""-$"""1

@#"#'" -$""$""'C

//%$L,,,( /--'%O""C

1#/"'--" '/"-$"""'":""R%$"%C

"$(/""$:""S1#!E"%/:""""'O4C

//$""""'--$"?,/"/$"""C

"'%/1

""$-$(C RC

-%" S14 /":"$"//

%//:$1/"-$"""%$""/(/C4"/C

/- R-. "" $(% 4"%S :"""'"$1.($

::."'%/%""" $/(C

/1!";""""'--$":$&/C

1#"'%/$"%"""'" -$""*:"-/(C

""//"44;"""/1

#@"/"/$"""'2LG1

/"/%$":"*%$"--M,,:"$RD/%$S-$""R/4$C

"/S1

#/" &("''"";'-''""%$" 4"/"19C

--+,,:/"-$""$$ ""*/

K!""""*$///*""$

4"$""/("/%"$:./(""/OCC

"6""/:" R/": ":"

$*"$//"SQ

K!""""*$:$%"-$4

'/-/("/%"T:.U"4/"$1

;'-''""/""//"

!!!$1#'%&(:"""/"*:"

%"%LG1/%/"-"'"'""*""'%%$"/

//$(""$""/;"%"1#%AG*:

@0=ZC80 HA

""A>/%$*""/'"//;AD1/"/%/$C

(""""1

#"//"$"*::""""&'C

"""/%"%*;4'$(/

:$%"%$4:".""%&$"*:%$"C

/"/4*/"$'%$1R#"/ "$$":

"/ //"/$(&.""1S

%@!!#"".$"://///-C

"""/-."/-,*G*"""/-

,*D/""%"Q$$:($/%$A$$.(C

%:"1

#"/"""6%""($* $"%:%$-/C

"-"RA+/D""$"%"S*//4$"/"

::$"""/1#/H*G/*"C

"/M*H/%"*""".-"/-$"";""4$"C

"/.*:4/"%.-//- %"1#-%/"C

&$.:'>,,4 "/""1

@"!!/"/- "2"'/-.R'

/%$A+,( S/6%""4..//- *$-4$"""C

/"'+M /%"/A? /""

"/-1#"'/""/D*""/C

G/""""$1#"6"*:M,/%$/4$C

"/"/""O/""""C

" 4 1 R#&--""" G, / "'--*

"""($%--1S#" /($G,*

%/H,R4/%AGS//*:"

"""%R4 ":"/S1

# "" ""*:/"//(%" ;/""

4$*:"""/*:% --$:"-

/% "/--/"-$""$1

@#*$":.*$C

."O'"" -*%4"$%C

("1$%:6 $ " ""/O" %"* "'%/4"

//"""""///-2

K-$"%"R4$^"6$*'"$'"%/C

-%.:/S*

K($"$$&/ "/-:/R:"""&/

:$"/"$/-%:""*(/%6"$'"%/*^(":$"&/"-1S*

H+ !7#)B!=5!8578##98

K"($"$$&/'%"/R&$$-:*&"C*C

&$:C/("/"-1S*

K"$"""-4""/";4'$-$'&''"%/$C

-*/%/$-*

K "*:/""/C%//".$

'&''"%/-:$1

#-4"/"'%" /((""4"$2

KM/'/$"-1-$""$$"$(%Q

KL///%/ /.".$(%Q

K?,//""/C(1

#/""/C(4--+,/":"""&$$-:C

4"$ R//-$""''.:*".$

/("//S1

A1+1

#"-$""$%"$4/("/*

(&"

#'/$/--$//-$""$")%!6"'"/"*

:-;'C;'-%"""*;%$"$" C

"%"""1Z%";/6/:*--

($$Q."""%""C

"$;*/"'%%*$O.:""$R/"%"

"."'"/"S1$" '":"""""$1

"!)O'"*'O/*

$".*-$""$G,CG,/-./%.

;'""$- "1!%" /"/"/(%$ '

'"'""1;"/"-;$$"""1#!-$""$"C

$"L!!#!GR8%/"R"'%/""4C

"$'/--/C-$"""$S*!C

"")$"".8"/"R#)8S1

#LG""---$"".$"/"*';-;+G,

"".%"(&"-1$-"-$""-"'--

$"?,,*'/$"-1-$""-($'LG,4 %"1IC

A?M,C-'"""+M,$$.( "*(/;$:C

"/"/$:/:"""$2$.""/';-;A,C

/-4$"/$ "* / "".

$"";%$"$'"/$$--%"1#--/C

@0=ZC80 HH

-$""-$""$&"$"""'$$"'--(-C

/":.1---%"'-$"C

"*/% --%"-/1

#$6G"$-"-$""-AA>4 *'/$"-1

-$""-($';-;AAA4 %"1IA?M,C-AA+$$.

( """"$*/4$"/$4$""--"*/;%$"$'"C

/$% --%"1

$""!)!%.(&""R"$&

'%O"":""S1$""/;4"/"C

%"*:/(./"$ /;$$$" (-" .%C

:/4;O'/;"1#"'%//"-"*

"".--'""".$*$"$"

"4$""1#'($--*$"'" C

-1#/%/""'"'""/'%:":*C

("4 "/%$A+( "%"1

(/"$--/""--"""/"*

%$$;:--%"RA,/%S*-%/"$"%"$"&$.$'C

%"*//%/'"'""1

$&$-%C

"""1T111#%$$"--$111U

[154% RA?+DS1\A?H?C-DD$"%"$(/"%"*-C

- HH(/$"/"$*"/"A>*G4 1I"'--$"+G,$$.

( 1

I/;

!"!K$-"/"/C

--L:.($(" $"/$"* /."."-

/;"K""$"-$""$'"""/1C

""A?AH1/%$9YI1 "'%/("1%/""/;

("$:" /-$*4 /"/4"/"-/C'C

-""""2--:""-*A,/%"";M,

/"("*M,/%"($/:""/A,,/"1$C

//-4".C$%.%"*""'"/%"/- 4$C

""/*T"".U4$"""/"1#"" --A*/C

--A*G/-"//$/"4$""*"$"%$ C

/+/*"$"///A/%"1

HM !7#)B!=5!8578##98

+1

I97!*I8#)C@0=Z

@0=ZC80 HG

+1+1

HL !7#)B!=5!8578##98

H1

#!#=#9)87!Z!E)N8E9@7*

=58A?>GC80

H1A1

#A?MG'$/%%"$

#:-6("""""1#0"".8"/"$

-&/$""$%';-;M,/$;"1#

/-..""/%'"'%"$"-

R//;$$"//*-/:S*$"$$(""%C

/;"1# ""/%+,C+G //(//" /"/"""*

4.G,CL,/$*';"$//-'&'"&4$C

%:" ""/1#6"*"%/*%""*'C

%""$%""'%" 4""*$'-$%"-%/"1#

-$""""$ R/4$" $S /":&'"* 4$"/$/C

/$$$%"*/-4"'"$4&$./"/""""1#

A?MMC:"&'"/($'%"/":"1

#6%"/ " /" """" "-$""*

$//--'O//--"%"$"$1#$$C

A?MGC-$""-$"""'C

"$"*%.$/(%$""G,/./":"'--/

%""""11AC/%"'/$"-1-$""-

!!(!#:-6

(""%"%"*/$%$"""';'""1#/C

O/"6-$""%4"$T"'/"C

//-U%""":$"1#%4"$"'%"/*$

":".2"-$$""*"-."1/"/"$$"C

@0=ZC80 H>

""4".C$%."1"/" /-;C

/%K$%4"$-%.-/"/C

""% 4"'":" K* "%/($ $"

:/"" O"/"1#4".C$%.;/OC

//"//"$" %"/(/*:/ --$&$C

.--"::" 1

$""%--$%4"$%$""%$--

:*"%""/*:""';/''""

4".C$%.%";$1#'% &$.'%% ":C

//"-""*/"""/%"*:;/C

/%$%--(" /"* $'

6-."'"/4""/("1-;"1

A?MGC-$$##!!!!

")#!:$""*%".

"'%/:"- %"//%15:""'%/":"""

("$*4$""4;"$1%"O'"":" $

K 4'.C(."/K*"%"""-$"C

1A?MGC-A,/-" -"/$C'/$/"R

/"/$--%"*$"$($/S*4"-1# C

%"":%$ C/(/1A?MDC-/(./"$$$"

$" "-$"""$C($"$$

" /""*&4"%."1# $C

.'/$-$""%/;:"%/%-'""/"1

A?MGC-KA?MLC-/A?M>C-$/"K:$""/)((

-%"$*A?MDC--/(./"$$$"(&C

"-&T'% -%""U1!$://""""

/"'%/:"*"4$$*(-/"

""/$"""/""""*./"$*4".C

$%.$"-$%'%% "%""%1#$(C

C &:"%/%-%"-$""""1

#4$"-%"/""$"%""*--$

""/""%""/(1#/"/

.%&--%"A?HD1/%$/*$":"$"

$1'%";:-6"/R$$$S'"("C

1A?M>C-/(""//-"$"$44&$"C

/"""R"$$ $"1S#;'-C

/$&$%"1R!"":.":-6"1S

#6"//-A?G+C" O''""1

HD !7#)B!=5!8578##98

A?M>C-!'%" /(("2?///-$C

""$*H/'/$C"$*L/&$(."/1E%/C

% A, /*"" ": $"/."* //"/

'+D/""""$1#//-$""$//$"/C

./"//""6.*""$"$"""/*/(/%"*

:'":/%""R&'/S""'%:"$'C

/$-$"" /"1A?MLKA?MD''""'$D*GC

""R/"$""/- $..+*GCS1#.C

.(/;$"'%"*:C/-/%''""$:"

;'-/$""-"/-$""-%/"$"%.4"/$C

"*///"%".C/'"/

4//1#'/$/"/"'/A/

"""1A?MDC".-"/-$""D/*&$(."/GC

/*-"-$""A/*-$""H/C

/"" 1N/".".%"A/"1#;"C

"%AD/""1"%""&$(."/4$C

"1

#:-6$/-%""" !%"""C"-$$&$.$C

/ $$"''"/1) &--:"-%"/

$/("%"*6://$"""""/R%S

%$":"4"""*($"$$.$"%"1#

:"$%/$/""'"/"/"1

H1+1

# /"'%/

A?GA1/%$H,11"'%/O"$%$-..

/:"".4"/"//"/$"-$""""C

""1::-6 ""$" :".""*(&""

""""%*'/-&A?MG"""C

"$$ ":"1

"'%/"$ 'A, "$ /%'%"//" RD%"S*

'"/%""/"%"//"*%$"4/4$L,*

GG/%:""R "" /""4/4$/%S1#:"C

$""" :"""424""""&--"*$

/ --"-*"'--/"(""1I$:""'"

[&--:""/R".A+:%$S"AG/*

/%$H/%*--:""/"H,/C

@0=ZC80 H?

\1#"$$ ".$/"/

/"//"R&A?MG"$

/%S/%$+/-("""1#^$$""

4/-'"""/1

"""$/-"-$""$1#:4"*

%$"/"$"$"$$ '%"/;"""

RA?M>C-;$-"/"4""S1%"""

'//"/*C/-"/"'%"RM/S*

%.$A/"($"$.%"/1

H1H1

#$/"'%/

#A?GM1/%$+D1 1 "'%/O ";""""" :""*

&&--"/%/-RL,*$"%GG/%S1#"'"

"G,/-("""*/%$A/C$/"/

"%--$&A?MG"$/%"1 ':""$C

$"RG,,4$"S*4$-%:" -/4 :"($L,,,

4$"%"1#"$6."*:;$-C

"/$ 4"-A, /--'1 R$"

($"$$%"1S

#"6""'%" "'/%(:C$C

/"//// &'"""/"/""$$

'%//-1R ""-%.S#%.$/

H/""1

H1M1

#:$R6%""C""$S

"'%/

#A?GD1/%$M,11"'%/O""-"":$C

"'%///-A?>GC$KAL/%$K%"/%/-1C

"*:B%"* N$"

/""*:%$:""/"""*"""4"(/C

;$*/""""C4""""--$%.(&"C

" $1$--:$""""*:":C

$ """/1E$-/"K (&" %K-"""$1

)%"""//4"*"%--$""'C

/$/" "1# "'%"/+G/%%"*

M, !7#)B!=5!8578##98

"'""G,/--"1%--R--

A,/%S"$$ "//"*$G,/$

+/%--*:/%:$$+GC- 1#$/" C

"$/%/",*G/1Z"++/>A/''""

::"R%$4 :""S1#^$HG,,4$"

:"""1#$$"%--$G,,4$"R/$S*$"C

"';-;:1#(":--$ *

".'"/%""1#$6--4"/"/K+G/%*$"%".

'"/%K4"/%/;"1

# //"/&A?LLC-%"""*%.$ /

(%""*H/A,/''""""1A?LDC".$"/.C

'""".A>/RA,-"/$*>CS*$"/.C

"A,/RL-"/$*MCS/"4$""1

H1G1

# $" '%""

#A?G>C-/":"""C"""'%(C

"""" $" '%"""$C

1I.$"A?LL1/%$H,11"'%/":""*

4$-%/%""+ !)%$C

-./".1

#$$$"$$ "A,/%--"R''-"'--

$ :"""S*/%""$-1#:"G/%%%"

--*$"%$-."/-1O*%C

""2A,/%"/'%HH/"RCC

""/-2+A/S1A,/+G/%''""/%$+*/%$A

/ ""/"/*^$>,/:"""1Z

'%$"$$ "$4:".":"""($*$44C

&$."($R$"/''""" %"S4 "//"1

#("( /%'%".C4 :"1

//-$%"--%"*$"C""$1

O'//""'%/"/ '/"""C

:" %/1# $" '%"">*G/"C

-$""$!4$""RA/-"/$*L*G//C

"S1A?>HC-A,/""" /&1#%.

/""/%C""/%1

@0=ZC80 MA

!(&$$*4$^'O"%"T $"/"/:C

""./U1#-%$""4'/''4/-"*$

$"""""$1

H1L1

#$$(*$

#A?LA1/%$+,11"'%/O"$$('" "C

"4"--1#:"%"/%C"C

"/%*$$A,/%-$""""$$ "" *"%--$4"/"/"-"

$(;""//"1

E/"-"R'%(S$$("*$C

" 4$" //(""/4;'""R4--"-$

:""":"""/$S1#/"/- "2"/""/

4$^'- R"'S/"$/%/"$R&"/"

$44&$"S4$^'- 1#"/"$4 :""-"1

#'"/%" $%"""*T$/$U 4$"//%

4"":""4""1/"$:""*-$C

""""*4''""/4."1

#$ '" "A?>,C" /"""1

M1

#7A?>G1I8)CI@9P!7Z!

#"-$"""'O%/%//-A?L,C/%%//C

%."*:*".""/ &C

/$""1#/"/K'%.'C

"%%$"&T'-; U%"1'%$""C

$";*:KA?>GC'"'%/C /"/"-4.

K4 --"$1

A1#"$/"*4 /"/("'%/*

-;&$$"$'"/&//"("("C/C

:""-*-/%%."-C"'%/C

""%1#'"/%/"$'%4%/"/4//C

4:%"4$"$'OR$

'%$"$$ %"S*%$"'%$''""$

R$"S*"%/":...1

M+ !7#)B!=5!8578##98

+1!$":*$4/C("$./'

%"/%/-1#:""1#O"/":"4C

" ///%"*$"$--/"'%/:"""$1

H1#"-$"" R$"% "-C" $".%"S 4$

'./"""*$"-$""$%/%/C

"/R/%.T4""/U*"::%.$"C

S4."""/"%C($"$-1

M1 '/;":6"%6RAG/%S"4."%*/"%C

%".4"$"%:$%"$"%/":""

//"%-$""/"""*4 /$:" /C

$-%1/$C"$$--4/""""1

G1%"" "$C"$%$/$"$1

#$(R/%S4%% /(/O;"* $"%--

($4$"*%$4$" "%"1

L1:"%/%%//("C/'"/;"""C

""/O"///O--/"/"/C

*:(" $" '%""C

"""1

#/"/ %$'%" %"2

K"!!#-%"*

K""" /"*

KO--R$/""$$S1

#A?>G1/%$"'%/ /"/4"--//'%"C

%"1$ $" '%""-/%/

--:"J$ *: $/

$T4$UJE%/4$-("(C

.'%"J#&"/%$"".T /"/U'-$$

(-/"/6"1

M1A1

#"'%/C /"/(&"%"

A1#%"""%". *"4.'""

K%$"/"K!%"&R!7SC

-$""$ $"./"""A?L?C-1#::C

"" "*/ '%"//" 4"*-$C

;'-/R(/ --:"S4C

%1#"'%/:"" :"""C

@0=ZC80 MH

"""/$//"/%./ //"1 M1/%$S'"-/"O$$(C

C$ "%-- $ ;'; 1'"'""

$" '%""$":""*

".(&$%$""""%"*:/(/-%4""'"/1

#$ "*:R% --S $"C"C

*4; -"*::T%/ 'U1#--"/"/

"$*:"'%/-%"//"'(&/

R/$/*&'O4/S1

M1+1

#A?>G1/%$"'%/4 -- $

"#$$$"$$ $$ C

$" '%""-/%/A,/%""*$./"/

""/%/HH/RO""//C*%$""'C/$C

/" 4S1# $ " '%""$:"

4"RG/%";SC/""$:"$"/

&'"1 8%$4$" 4$" $ " 'C

%""-""%"1

;":""4/$*K/- :C

"*/-//$(":$%"%/4 /"""%"

$""K%"""/1A?>AC" %$"-%""/"%--'"'

(."/"1

MM !7#)B!=5!8578##98

#%/;>G/R$" A,,,,4$"S4 :"$$-C

-$/% --""R-6"""%"';$--S1

#:/("/O%/%"2A,K+G/%''""/%$+/*+GKH+/%

''""/%$A/*H+/%"$ $ 4''""/%$?G/R^$>G

/S1";'$--$"/T%U;"'//"1

A?>HC-."RC/""$S("

(2".'"/%"":""".'"/%';:

% --/%""""-1"%"""A?>G1/%$"'%/1

!!;''4$"""/-C

""$-%"% --*/"/::$""1

:;")%!!4"/" $'%""CC

&(""$R:/%$"$$ &'"S*$"-C

%$""''4"/"1"-4"/"""T/"C

U:""- %;/"'"/"R/"(-%%$$C

*T%.$U%"S1

"%$"!((''""$"/C

/R$/":"$$"'%4("S1%--$$$".

$"//2

KA?+?"%$-"'"'""/%-"*:

""$$'" -$""R(*&/SQ

K"%"/'"/%"6--'"/%%$

"/RC""SQ

K-"$"$""/$$(Q

K%"$""/+G/%$R:"S1

F!!!#/"*/A?>LC".$":

&(""2$%""-1$"/."-++/$C

"/.C""%//"/2AG/SQ $%C

"/'%"""/-A>/""QA '"/%"/$R"C

$S$"//"/-A,/"//"/1#"

/(/$"/$"--%""//4$"/$

'"""/"1

#/"//R//S:""

A--" '%""$""'4$%(C

$ '%""$(":/4."""1

/""1

@0=ZC80 MG

A?>GC-/;"R!7-$""$ $".C

"$"S'"""/"//"##&!4$"-'"1

#/"/K:%$'%"%""K

%"&$$"*$4"&%"*:"'"/

/"/*"4.*'% -$ 4"C

*:/% T'".U16/"%"C

"*" 4""""1#"""*:"%$

"/""""4.%//*" /A,/%"

-$""""HH/*/""$"1

E$"""%"TUK$--:"""C

$"$K*""*:A?>DC-R;$$$"/C

$I81'"/%"% /"//:-6"""&$($"$$$C

-S$$$"$$ +,C+G/%%.//%"("

*:$""""$*"$$ "$/ /C

-/; R;';%*:-%$$S1#

"'%/.":%%$""A?D,C-$;"$*&+,/%

/ /A??AC" *%*:$%$ 4/;$*

/"// %/'%$"$$ R$C

%/$ "*4 %$//4 /" '/-S1

G1

#@0=Z

ML !7#)B!=5!8578##98

$44&$'$"*("/%/" "-14; S1A?DGC

-$>,/%4;$"/"/C /*A?D?%/C

/--/(; *4$^'O/;"1

O"$-%"/*:$$"C

$:"6//"//:(&.""*/$-"*:

""%C.$$/((4" --%/"(-C

/:$"1

A??+C-"""'%/$$"*:/"/C /RC

/%$S""."'%/:(&.1'-."

%$"*:C%-//:'/C/"*%

"" -$&$./%/;'1

/!A?>G16$AC/" /":R4 /"$C

'OSD,CA,,4$"/-/;"R"':%$

A+>,4$"%"S*/'%""$$$18&""$"/C

/"'--';"KA?DH*A?D?*A??+K*:T'.U*:(C

-$%1#$&%/%/"/"'%//"//$C

"""$*;4'"%""*A?GLCK$"" K;/"1

F!!$"/%" """".$/"/RA?D,*A?D+*A?DH*

A?DMS1A?DMC" :".$/2M,KHHKA,/R'"/%"/$

4/%""*%.$A,/4""(%S1#C

/$'%.%.""//"*A?D?C" ""//MH

/1*%$"-/-"".":"A?D?C-"

""-%/"1

A?MGC'"R$"%4"/%/"S'%" "-$""4"

//-*:$C-%/"'"$6"-$"""C

"1:"/"O$*:-%""" $"/.

$-%"/(.".R/-&/4//":"C

""""S1Z":".*:"-$""6"/%"$C

-$$ O%"TU1$"A?DMKA?DD

''""%";/$:/A?D?C-$4""-%/C

"$"'--"%"RA?DDC%":"S1'%$$$/"$6$.

$*:"".44$&$"1RI.O:"$"'"/"A?D?C-

/*$"%A?D?KA??,C-% --(1S

MM!"'-$:""""C

-$""R-/-""."";S*"6$" %"C

"'"/"1E%$"4"(/-""."./.C

-%.-(&.*;"R$*"&:$$$

"S1#("("-$""1

@0=ZC80 M>

#A?D,C/%%//*A??,C/%/*-$/"-

4 /"//"*%$--//"6--*" %"C

"'"/"1

A1#O/"'%/":""-$""$#(.*

"-$""A?D?C" %"'"/%"/ 1$/*

$:/-$""$#('.C

-..-%/"1#-$""$#("-$"C

"$ $".$*"'--"%:".1!$"4""/

"-%%."R/$%T4/-US1I%C

"""$;"1

+1#("(.'%-"$$

R$SA?DDC".$1#"'%/A??+C-"*"$ C

':".//%"R$/%"%$"S*/%C

"$$.$ 1

H1A??,C-'"/%"//"-''""$4"&/%//;$C

"R$/"S%$;""-$"":R&$(."/:/C

S1#/MM/$1

M1A??AC-O/4""-$""'C

"$$"..."'%/"1I/:"A??HC$:6.$R'C

"%"$S*/"'4; -$""1

G1A??+C-R$/"S""/%$"-$""*/"'

//-$""$/"/-$""$ $".1

#$-"""/"1#MM//C

-.+M*G/C*A?*G///-$""1#C

%.L*$"%M//"4$"1#-%/"":"

'H,*G/19/"'/(41N$"///"-/C

(""(:" /"-$""$"R$%

*4$^%/'/"S1

L1'-" """-/; /C

$$1#4$&$"."*$:"-%/""1

--%"'4; 4"K/;$/*-C

-$-%*"/K$'"C

""1'-- $- %;" !) ! " 4C

""*"$%"/$'%.(%1

>1#$$+, /% "$ $ A??AC /"- /(/-%""/

R%$:"S+"$&4$1#C

*:$$&$%"/*

%.-R$"S/%/;"*$"%&'%$$$1

MD !7#)B!=5!8578##98

D1!"$&%/%"$%-"1#$C

.%$4"/(($$% %W

"%"RS14"'--4/%"2C

4 "*T""U*-":". '%"/

"-""%-"$R-%"'"/C

&'"//$S1

$%-"%:"$'%""/-/%""*:

"$*&$//"RA??+C-(/"C

S*/"O/$:"--%$4"

$"*/"/-$%%"1#"-.

$.$.'--;""":*$C

("';-;A,/"*A??+C-:"*A??>C-($

M,/"/$"%1$.$$"--

/$"/$%." """1

?1I"""!$*--:%:--"$$ "1

A,14/"/O%"A??,C/%'($ !'%/C

-$"""'%" T-""U/&/:/%%/ --*A??>C" /(""

/%/-1#""'/$K$ - 4%"

"'"/"/"/%/":" K:/%"*/::(&.""4C

$ "///%"1A?D,C/%'($* T4OU

&(""":"///"R':"-'% C

S1#"'%" /%%$"$//"-"'--/C

4":"C%""""*&A??,C/%$4/" *$C

-/( 4$$&6&T&""U*:$$

""/;$/'%"/$%$1

G1+1

4

)4/;'%$/$"4 /"/"1EC

4*A?D,C/%/4;"1#--

/%"$-:*$"-//$$""*/-

:.;"""2A?DMC-*A?DLC-*6%""C

"($"$$4-$""%$"/"*A?D?C-1

# "" '.R/$$".S($"%/"%/C

(/"""""1#A?D,C/%%//""%"$(+ $"%

!)%"1# /(& 6%""(C

R$4"/(//"""2-;$%C

@0=ZC80 M?

%;$*"-C%'"/%"/$4$6"-1S1

G, !7#)B!=5!8578##98

,C!R1SRA?>GS2#"-$""4 /A?>GC-1&$&*)C

("1

F A R1S RA?D>S2# "-$"" 4 / -A?G,KA?DG1

/(%9(C/'%$.*)("1

1G!R1SRA?>,S2#"-$""$-$4$&$..1!7

-$""$ $".*!%"/"$"".$"/"*)C

("1

1654% 4%R'1SRA?+DS2'%/%"'/*"*'C

%//%"/..'" -$"".1$)$"C

"8881;$!$%$*)("1

1/,RA?>MS2#'%$A?G,KA?>G1#A?>LKA??,C%"C

.:6"%6"% /"/"/-/;"1'("$!""$"$C

$E$%"*)("1

1/,RA??LS2/(//16"/1'("$!""$"$C

$E$%"*)("1

LRA?>AS2# //"%"%"$"%&(&$.1""$1C

%:$%" //"%"%"$"%/$-$""*)("1

AF!RA??LS2#4(."$1#4"1C

-$""$"*)("1

/#/! RA??DK+,,,S2# "-$""$ "'"/"* 8K881

@5#@Q 8881 @5#@ '""1 !"1-$""$ $".*

)("1

##0@#@0=Z

G+

#E#8#F99

.*/:""($&%$'/$4 "".%1

T($%"U[,RA??>SL11\''"""$C

//"""$1I/;C($%"$&$.4""$C

$(("%-:;*':"%4C$$"

/&:4""1

A1

#7NS\1#T&:$$" U%."//

';'%" /""$"$4"--*$%($"$$/

(/;$'%"/1#$4".C$%."

&/-%"46/":""'" " /"""C

K$$ $-$"$- %."$%*5:$/%

-*$"":""1"".$:"4""$

'"""/$4$*$*:-$""""%C

"%"1Z$--/%"-..'"/C

%"/$":1=#'" " /"""($/--/(;4*$"5:$C

/-*$% &$/"$ $($/"* / $'" "

%"$1>!-&:$$(/%*:T$/$'"%/"U-C

##0@#@0=ZS\1E."$$$"$*

(/'%"""%*:" /""":" %/"C

//:&'"//"[/#RA??DS+HK+M11\1

#$ $-$"$4"$("6C

%""]:$"$-[PRA??,S*RA??DS\*C

-$-$4&%":""//%/%"1#

I$-A??MC-$%:""!!-?

L3@&O""$-.[*!#RA??MS\*I$C

-($"$%/%$"4"*%$"

4$""""QT6C"^$/"U$4 '""$"[C

* RA??LS\ $"--$4"//- ""// 4 '1#

"/-$(-/%%$$%$""/$C

%*&&$($"$$4""*:C

$'%"/"$$/"1"(:".&$2#$ C

"""/'%/ "".($"$1/"&/C

""$"%*I$-%" /" *"SAL11\1

#I$-""*:/" *$4".C$%.C

T:""/%"'(/'%O-U

[*!#RA??MSA11\1) /;2($/*(C

&":/"''""*"".:" ($&/

GL

#E#8#F99

$""""($"$$$(&$.1%--*'%% C

$:..'"/%"/$:$:*$4&$.:/&$$$C

*(///;$/""$$&'"//:%"C

R1AAKAM11*+HMK+M>11S1""$4".C$%.

/("/;%$4$$$:%*::C

$ "%$'%/"1$%T"

"""""":". 4*/:

4:".UR1^$$$11S*I$-$"%-.$%"

"6""'--($/*":".*--%""*

&:$$$""'%"$1

#I$-""*:&(&$.4 $'%"C

R1+H?K+GM11S1#6$K%/:" %/"$&C

""";'-' (/;$/$"$4''""1#

'"""/$ $-$"-&'*($&( '$1#

" /"""($/-"-$""$"(&.

-4$"/:*"%"":"./;/4$"/$C

;//%.'"'/1#'" " /"""($/-%"/%C

:".4"$:6"%6"""*" ($&- %;//"/C

$'%/"1

#I$-$"&:$$"(6C($%"$&$."C.(C

-"*/"$/($"$$ $/2T111'"/C

//"*:/" 4 /" "

./";/"R111S*//":$"-$$""*(/;$4C

"/%"$($%"$&$." "". "-"U R1+DL11S1#I$-

:64C&(&$.$%$/"*/;"$

$(""/4 "*:$T"'--C

--6"UR1+?+11S1

#I$-T""$$"%/"/;"/"U%""*: --$

$"$*'4/:" [*!#RA??>SAGA1

1\1#"-%"""*%46"/:" 1#

I$- ":"."6 "$"$6"$C

":"/$("-.1)"-*:T:"/$C

("-.("$$*$&$."%$:" ";($"$$U

R1AGH11S1""%*:($"$4

4":$4-*/$O:C

/" "($%"$4/1#"$C$$C

-'%"""(:/%46"--/"-6

"$":" *:""" 4".'%" ""*&('- C

##0@#@0=Z

&:$$"(644/%" 6"KT/"/(& ""/$

;//UR1AGH11S1

T//"$ "% 4$$%$""$*:($"$$

$$%"$U[658RA?DHSGGL11\1#C($C

%"$&$.:%$/"*:""$$"%/$'"/C

::*:$$4($"$$";%$:" 1

A?DHC-(-$"""/$";"

"-$"C

"$?/%/%@/4"4*($%"$C

($"$$" /"//'(""""1$'-"

/"":""""%($"$$/"/(//%(&"-[

42RA?DHS\*$"&" /"/- "C

($%"$&$.$:%$""/$"9"$C#$-*"C.(-/

""1

#)"K0$C"%/"$$""*"$/"

"4$$4""$"1$ """%*:

-$.$"-$""''""./&("1

-;""$ $"*$T""$ C

4 $'%"//- --""U[658

RA?DHSGM?11\*:""//-4($1#"C

-$"""".$"($"$T"/*$%C

% /.$%UR1GG+11S1

* '%//($"$$/""C

%""""%/$1T4%$".(-UR1GG,11S

($T""U*$""-$""/-.4$C

""-$""$(*--4$"""/"6"1

$(&/*:"""$C

"$$""1%$"$*:$%% "--

"-$""*$"-$""1//--C

%"$/$"*%$"-4$"//%:".

/%/"$$"""$-R1GGM11S1

E*)"/0$"%*:"

4"%/-*:-"""-$""-."'C

"/ /$$%"R1GGA11S1&/&$.4/("/*

'%";:":6C($%"$&$.-.*T"C

/"%.-$"UR1GGA11S4"$2-*-$""."C

*;"$%$/-$""-/"%% -$""""1)"

/0$:6*:($"$$""/$"" "C

-$""(/;$% $ ;/ 4"/" $$4

GD

#E#8#F99

%."R1GMD11*GGL11S1#($"$$4($"$$C

"$$"-$$$K%.$%"/"C

"K%(/"($"$$%" $///-1

A1H1

#6C"^$$"$$

#"'$;$!%"R89S/"'$-$C

""$!'%"/R8!!#S6C"^$$ -- $

-$4C/-1#$($"$"$*$-$$C

$%$$/ ./"$-$&$K-%$C$:''""$

4"&$..% . [ RA??DSI11\"'$%$":""/-

(%" "%;'-/:6./($&4

(/ "$-$"-&6*$".*:$/C

"/-/(/"./"; '"$R1S1

#89/I$-:($/4C%"$"':C

"%*$(CRA??L*DD11S'%"""/"*: /

:$($/"%:./"%"-K%.-*$:C

-$$%$4/$$$C&$"%'/""/C

"1Z(%" %$"'" $($/"/$"$*C

"'--"-"//"4$"$1#6C"^$

"%"""//$4".C$%. $ C

$-$"$*4 /"(/(;*//"

"$"%&"""/$'% $[6

5$%8

RA??GS\1#'% -$%" :"$:'" C

$*-4""/$&""-$""""%$$1#%$-:

$4&$.%/""$4:""" /"//"K

&""-("-$""$1#/"C

-4""/$ :" //:" 2 (".

"%*:-$/"-$%$4$-4""/$("4.$.C

"*:::$(/($&4"/-4:""C

" /"*"-%T""$ /"U* /"/"6C

"^$-$"[(/*!#RA??MS?H11*4

RA??>S\1

//-".-4""/$-"$1#4"'%

($&%$"""":"4 &"K:6(/C

;$'':$"1

#;"

%". ".--$ / [$ RA??DS\

&46C"^$4"%//"*$"C

##0@#@0=Z,/:--#C:""$*$$($"$C

""6""[$(CRA??>S\1#$4".C$%.C

4$." /"""4$%.%C

""&$.'"/2C($%"$&$.:;/($C

"$$"""&6:"$*:--$4".C$%.C

-""""4""1

5:$/-"$-&"""$/$'"%/"$4&$.%

$^$*%;/%$M/"*///%*$C

"-%1#*:"""'"""/"

^($&$""/""*$'"/%"/(&"":$"C

%.&'1#% '"""/4//&:$$

'"%/"-&"""$*4 /"6/":""

(-$"-%[7% 5/% 2 RA??LS\1#

6 "/%/-0M*,/"$"% *4:(&C

..:$""""*$4;6"" /"""($/-"C

L,

#E#8#F99

"'--""""R/%$+*M/"S1RA??+S /$"

4:(&..&:$$:$&+,+,C-4"O$*%C

$M,/%%4"1"*:&:$$%"'%$/

'/("%%"'$&'/:*"C

$""'%//:[/% (PRA??LS\1'%"C

//((*$4/$'%/$"'--":""":C

".&:$$4[,RA??LS*$(CA??>S\1

I$4".C$%.(/"$4/"C

/(%"C*%C($%"$&$."6"J#I$C

-$/"""//"(.4"%/*:" /"""C

%$--O*$"$4".C$%.1#

6C"^$$"$$""/""1I//;C

$"/" $4".C$%.:"/O'$*/C

;:'//1#//''""$

(&"-%"/4:"" /""""":"."

/4"""*$ $-$"($%"$/;$[/% (

P RA??LS ALD11\1#(/"/$ $"% /" 4".C

$%.4:"/4$$$:%[6%(

7

RA??GS*3% RA??>S\1

T#/(/'//"-;;/":$/" &$$

%/ $$" / '%"//(( 4 K

/"*::"""/ "*&/"C

U[3% RA??GSAM11\1$-%/%%/"*:C

4$4"$"&$($"$$&/C

"RO[A??H\*/% Q RA??DS\*"$"$*:$/"/4C

&[15P RA??LS\1E./((O RA??D*

AG11S2T#44 --&/*4;";%"C

" *$'%-$"%"$1($"$$

/(/"*($"%:"6";"*%"""*

-4%$1U

##0@#@0=Z

L+

#E#8#F99

/" (/"-%"//"* /":" :$

($/"1

A??M&-/-:""$"""6""

"4.4:*/":":""$4-$""C

"(/;$$"%"//%1#"4.4 /"/C

/4"":/"-$""$*./"$-$""("1-$C

""A??G 6$- """" %""K% $ 4".C

$%.(""""/"'" ($//"%.

4"""K:""$4-$""/[3K%5DRA??DS

+,K+A11\1#/*:".--$-$"" %""4"*

$/::/""/ --(/;$$"*( .*(%C

" ;'-' 4C"%""""""/16

"%"C($%"$&$."%"*$$ $-$"$C

-" ($%""/(%$"1

4/%$"""*:'%" 46"%".*

--$"/"//" /($"$''""A??,C

/%'(/"O"[8!RA??LS*/RA??>S\1"O *:"C

" % ". /- %" "'$

4%$""";'"*'%$"*:I$-""/"

%$:$;-.$"K"$C$$"(6C

($%"$&$.$"""K($"$$%"$%1

ZA??GC-/A??LC-/"4 % 4C"%"/"C

*&($"$""/-;'-'"*:C

--$*:$4$"("2/;$$"/$"%C

"/"$"T":"/"U""$%/*

/*:"/"/"/1C

-%"*"-$&$K-%$C$:'%" $/C

"""*"-$""$/" '/-%"""*TC

:(""4 $%"U[4

RA???S+H>11\1

#6C"^$'%" $ K -/;$$"/$K

""""*: $ $-$"($%"$ "'--%"$C

-"6"(*/ "$/$4 /;"1#C

-$"--$*$"$*$'-/ $

%*:-$""""$::"4:""""C

$"1#"":". "$4/4$"/$:.C

"1%--*C($%"$&$.% $:"

*%"2" ($&4 //%*%$"""

/$'%/ '//%1I/;:6"*:C

##0@#@0=Z11\1:"""$*$/"$

4*$%$-$"&.$"%"""""&:$$(/C

".*/;"$:$%"""$C$$4[A%

RA??LSAG11\1*$ $"($%"$.:"C

/G,/&'"""/*/:6"*:6TC

$4"(/"*/$O- %"$":" /C

$"UR1S1&(&$$("-.A??LC"%"6:" *:

'--"%"$*$"$"4%".&:$$'C

"/:[3 5$%151)RA??DSAM+H11\1

#/;$$"/$"%"/A??LC%"":($/

"*/"'" /'/"($/[A% RA??LS\1#

($/&'"""/"O*$4".C$%.*"

"".$/4$*/&/6"/

//:"/1#'"/"//-"$4C

"/""$"$1#$($/'" (/"C

*"%.$/4$*/4;$1

#:$($/'/"C"/1E6"% $C

"/&&'"//"1

#/;$$"/$($%"$&$.'"//""%"""

I$--("$ /:O'/(C.($ $ [A% RA??LS*

D%5A% RA??>S\1--$"-[*!# RA??+S\

I$-//% $4".C$%.-;$4

"""&$"1#*!#RA??MS.$""//K L

3K/"..4CC

^($&$"--/%"1""$"'%" "-*

-TO%"*$"$

/"'" ($/:"K'O($/111

" /"""$($/U""/%*!#RA??G*HDKM,11S1

LM

#E#8#F99

#($%"""$.$"'%/"*A??GC-

/;$$"/$///I$--("$$'%";

$-(&.""4 /"//-1#I$-C

"'$ /" " :%""* (/"$&$

#"5:$/- /44"#"-.1M11\#'" (/""6"$"""/*:C

" &"":""'% -$1"""

'/"(/""$"$4".C$%.$/"//"1

#./"$-$""A??G16$$4"%"/ ""/"*

L,WA??A1 6O/$:"" $:$%"%*$/(./"$

$$"/$*$-$""$":"""

4C"%"/$:1N"*%"'O

$ '"-:" 4. %"$ /(%$

"'--//" .*: /" * $ 4".C$%. -%.-

##0@#@0=ZS\1/"* $ 4".C$%. C

4% "$%"//''""$(&""C

LL

#E#8#F99

4-*/$"$ ""*(/;""%

/%-""/"%":""1/"*

/-'" " /"""($/"%"*/" '/C

"(/"::.4-1

#4"($"$$%"4:".%"$*:$

4".C$%.;:""*($"$$//4"

'(&"(-%" /$K"C

:".--*4$"--/%.""[D%5A%

RA??>SA?11\1#6($/"'" " -6-/(

* /"4$" ';-;/%"("*:%C

/"''""1#6-"/( "/-C

/:(/"-;"*"'--$*-"C

"".$/*$4".C$%.-1#"&$.'"C

/&'"//"/(/$'"' "$-$"""*(/2C

"""&/$//"1"$"/C

(/M,R/ --M>S/%4""""%:"/*$%:"/%

/%"":"""% " /"4:$" /"""C

(-1#"'%//$4"--":""$C

$$"%"/"/*/"$("''"/[D%5A%

RA??>S++11\1/"/*:$($/(/"$

&AG/%$""4$":""* '"' "

:":'.1

$*:/"$$"/$//%"

($"$$"/"/4;/-1#-$""$C

"/"'--"-$""$/" ""--$C

%"$:* 4""""$""/C($%"$C

&$."%1A??L("-/-(/4C4&$""C

"""!7!7C;""*:"$C$$"("""T%/C

"U$ """/[/1+DC%/;("/ """"/ 4&"

[$P5$4%

RA??>S\*$ $-$C

"$(%" 4""""1'""'%/"%"

-"KA?>GW881"'%/:/-/(%K"-$"""C

"$"/4$"*$"*(/"C

"*'" //-$"""/$ 6&$$""C

-%"//"1

#4%/%$"'%" /((4"2C

$%&$.''""$&""C

*6--"/ /"-%"$/$'"1#$"$C

-"%"4&$$%"-$""$" *"'C

" "%4$"""//''""$(&""1#4C

"4".C$%.--$*GGK

LG//"/"'%/:%$"%*/

/$/":%""1#4"./$"$6"C

-""""*;''$("""C

$4$"//"$"$[$P5$4%

RA??>SAK+11\1

)"'--$"M,,.".%"""""'""'%/"%":*

';%//$"""(%" //"*//(%$ / /C

4;$"////""O"1N:""*/:/(%$ "

;"$/(&"4C%":*$%/"%""

'/"(/"/":-[LRA??DSH,11\1A??>1

6$AGC/*$:":"$%$""*("4"K%$&/

"'--/K'"4"'%/"1#4A??D1AC/" /(""

/"-*$""(C("*":$""*:T/$C

-U1

+1H1

#4"4."'--$

#4"$/-4$-%""4 ($"$$( K/;$$C

"/$*/(./"$$$"/$*-$""$"/

I$-K($"$$%- $""4.4"

%."$1($"$$&("%$%/-/4"-$C

LD

#E#8#F99

" 4(%" ($%":"-*$C

$%"""% 4"/"""'%"/$/ "$"/$ 4C

"4C($"$/"$"1#4%/;*C

44"%/4/*6:""*:(-/--&"

:"/ *-$//*:/

"[D%5A% RA??>S+,11\1

#/"4"--."'%" %"2%-%.

"/(/4 :""'/*%$"(/"-4$"

/ &'"/-"".-/A,/.D/ RL* $"%>

/ /"/%-S*$$4".C$%.($/%$"C

"$"//"1%--$/%"$^/$

-%":"+,,AC$* "*64/

.""-%"//"/+,AHC$:"""[

1+,K+A11\1%--*"$/"%""C

4"/%%:"""*""$$%""C

4&-.[$4%

RA??>SA,11\1

A??L-:""*:T-//"

/$//-$""$/-$""$"C

"* /%/$ %" / &$%$ "U [$

P5$4%

RA??LSL11\1$"/$.%"C

%'%//$4"./-%".1A??L%//

/A??>/4C&(""$%/;-//"

""""*(/ !7!7C / !%";""O'/$

.%R!7S*""./(%$ $%*!'C

%"//%*&;"/%*-$""$

""*!&$($"$$/4"C

*$ "".[LRA??DSHM11\1

#4"%--$( $''""$ %C

" (1/(%$ $ "'--/-%"-$""$C

"-1#"" &$$"//"""&"

%" ($"$ -41 %--* ("$"

!7!74""/ -$"!&$$""-A??M/

A??D''""*%$4$"$($.-1

#%""$("4.:"%/%"*C

"$"4.4"*/-$""$C

"';$/" "$""T:U"%""$1#$%/;$

".*:""$-$&$K-%$C$C

O4/(/"*":"$4"%$C

##0@#@0=Z

>,

#E#8#F99

"/"*/T111""/;:"""U[$

P5$4%

RA??LSD11\1;"%--*:

"/(%$"'%"%$/&("$*%"

("$"%"*"""% //"

$ 1

I/;4":";//"*:$/"/-"""'%/C

/4C"%"/"1--/$-"$"/"6"$

"4C&("///%/""'%//C""1

#/"""'--$"L,/6"*:-C

6"'"/$ "$"//:"/"6"$1C

%"":". '--"""""'--/*C

/""GL*G/Q+A*M/$"/AD*GC

/"$"($&$""--R!RA??LSG+11\1#($&$

" --"""M,/%/4$"--1#$

"""""%&$.-%"$$%/""/2HD*MC

/(46/$+*>/4 46%/""/O'/-1C

"O *:%"$$$%/""/O*$/C

&("- "'--/"""K"$%/"" $

"""/R1LH11\1

H1

#@0=Z/%$"""'" " /"""($/-%"//C

[$!% RA???S\*"'%" &:.%"C

##0@#@0=ZA

4($"$%"""1#&:($"$%"6/"C

:" *$"/"'/"C.($4 ":*/"

$/"($"./"$$"&$.:%.%$"//1

/9"%$""""*:$"/C

/$''/-$"'" 4(%"-1

! "*" /"""""--$"(""*" /C

$;/*":".$-"'" *" /"""

-%"//"1#/ --$4".C$%.''/-$-

""6"4; /"*:"($%"$&$.$-%"/'"C

/%"/$$"".-;:"""*:$/

/'-/%" ""1#'%C

""*:"""""$""-""*/*

:&"A?D?C/%"'"/$4.("""""1#"%--$C

-;%"*:$/"%":"/$$C

4/9-1#&:"("""&("C

"/":*"/ ($"$$'"/( '("6*$"$"C

&$$"'"//-1

H1A1

$$4

/9-2&(&$./""/$

/9-"/%$"4"A??,C

/%'(/"'$%$""";'%Q&/;$$"/$C

//(./"$$$"/$''""$("":"A??LC-4.""Q=

$""($/ """"($%"$&$.&C

(" %Q>"$&("":"/""'%/"%"

$*;%/(./"$$$"/$$.$"/C

//";-Q9"&("""%"""

I$-1$"'--*"-&(""I$-

'%""* $I$- 4

.."&:&4"6&""-$""""1

#4"'%/"("A??> 6$-:"*

/A??D1AC//(":"-1#4A???/ '""*

$"4 "'%/"""A??>/A??D /1

$/"-6*/"($/O4%"""$C

"$/K'" K%''""1

E-$/"-$ $-$"//""%--

>+

#E#8#F99

$$* 4".C$%.($/6"*4/ /" $

/($%"$&$.1#4 K

'"/":"$//O$ $"%"C

.($$"/%"""$[3 5$%151)

RA??DSAM+H11\1($%"$$"%:$"C

-$""$:". "$C$$ 4/* -

"$44/[$-RA??DS*RA???S\1

"-.%*'" (-%"/""$

-6/":" *$"T&(&$.*:6/""

4/U[8 RA??>SH?>11\1! "*C

($%"$&$.T/U"'"""// ($&$""

4-2A??,C/%'(/" $ " $"//$$

4"(("/" 4"-&"$ 4//;-

[7RA??DSAMKAG11\1#%(&$$$T""C

""/"-U[ORA??DS+>11\*4"/""":C

" /$4".C$%./" /"""T$U:"C

$K4$$/" ($&$&"K$%$4$1

$$%-*:/4*

$$""($"$$"""-$4/4C

*$/"%"""%*"$"(6'"/"18""""

/%;*:($"$$$"/4:"C

-/($"$$"$ '":""/""'%$C

""%%K4".C$%.-;$4/"($%C

"$&$.%K-1

#/($"$($%"/-

&"*--$*/" 4".C$%.C

- */"/(4$$."'%/$"/"/1#A??,C

/% 4/-"'%" //C

-;"'"*$/" 4".C$%.(C

/"$"""/%%"""$1&(&$$4$C

"////"""%"$":" ($%"."C

"%%-1$"$$"$("-.-4 :"C

*:""R%"*:"S./(/C

;1#$4'4$:" %/"$/$%"/C

"*"-(""""""$"$K

/;*:%$"(&/-[,RA??MSA?A11\1

-%&-4".C$%.4C

:/4"-%&%'" ($/-%C

##0@#@0=ZH

"//%1T'%.""/$U[DRA??MS\//$"%""C

"":"."*'%//4$/"(/"-%C

"""*/*":".""""" /$"$*$

////4$1 /(//(O

-$"/('/-*"/" C

-%.-$(""*/T($4:C

""(/"/""$"$U[,% RA??LSAA11\1

/($"$$"$ C($%"$&$.*:

'%//""/../%""$"$1DRA??M*+A11S

:6"*:4($"$$'"/$&'":" -"C

'%//%1#" /"/%.""//"24"O "/"-

""""4$:" //%*C($%"$&$.&C

"$/""//'"/$'":" 1%"*""//$'"/C

"/4$"$$%"$%%$"-.K9C

-/"1'%"//((*'%/C

/$/"-$"$/(""""%4(C

/$ //$ *"6:6" '"*/

/-4$$$6$.("1

#/9-%""""$"(6C

'"/"/"///-"%--$(""$4$C

-%$*-$%/"$/("1)%4C

:" %/"$*:$%$4$$4".C$C

%./" /""":"$"*4/""%"/:$

"'"$*:":" /"%.-$$:"C:$1

:".$*:%/"4/"%"C

$""$29-4 %"/*$"C

""" "-$""$( R!S;"$%"C

".*/"$($%$/$;/"'6"4"1

$4".C$%.-/:; 4C

""'--$"/%"$:"""*$:6""""*

:$%"/$($/(/;$/"/(//

:"*$%4"--%""""$'" C

($/-%"//:1

%--%*/($%"$;$T&:$$U'

&("1'/(C"C.(-" ($&$&"/$$C

""% *//% "$/" '"/%C

"/$":"4$*:$6"-$"%/(/'

A,,/-$""%%"1#$"/*:"/""/$'"/4C

>M

#E#8#F99

"/"K$/C(&$.''""$*%$"6/"C

:""(/"''""$%" "$""/-K*:-

/( -"(/;$ $4&$."/"$ [0

RA??DSAH11\1

H1+1

$%"*""$""

/("K':"

$/"%" $$4%.":".9-/

*$/"5:'"-J# $$-"

"""-*:/'"/:."$"C

(64 " ($"$$"$ $%"*-

"O$ $&:"-1#"%--$-4(

/"%"";/""1

A?D?":($"$$-.:. 4&/

-;"$4".C$%.-1#A??,C/%'C

(/-(/;$/"/(//"/- 4

:" //";'-' ""1/C

4"/4"; /$//""*$"$C

$--/(/4/%"""*5:'"-"%--$"-/"C

/(///"/"/T&4".C$%.U4("1

#(/;$""//':"%$C

""/ 44"19-/C

C($&$"(/;$4"":"."*

"6-"""":%.'O:"Q%$"

"-/4 ":4O'"" '" /*$

:"""/$":/""$%:%"""1C

-&:*:::. C($&$

%$/" %""*A??LC$"'--""""""1':C

"$-$"*:'4;/"$%"

( 44" /. :" / R$5/% )

RA??GSGDKL,11\1

#T%."/"/U:$("/$/%':-*/" 4".C$%.

(/;$:" /"""""A??,C/%'(/

.($"$$'"/:*$-%/""(/;$/"/(C

"/4"4"/"%"*:$$4""%;C

".-1#(/;$:"-(""$-4"1

##0@#@0=ZG

5:'"-$./(./"$$$"/$ 4"" C

4"'%/* $$9-*$

:4 ( %"4"/2/(./"$$$"/$*

(/;$$"/$/I$-1

"/"O$*:(/;$$"/$%.$&$($C

"$$";"""""$:"'/"1I.$%%/"'"/%"/$%C

-:"/( %/%"(/;$$"/$"[

#RA??LSAD11\14"/"/"/";";"$*

$9-1Z--/""-/":";6T%C

."/"/U:$("/$"*:'"/%"//(/C

;$://$" %"""("-1

# / 4C/-/"$$"/$

;"""%/""*/; ( /"*I$-*

-44 /"/" ;4'$.""-.$*/

%$"&(&$$*"&:$$/""/$$:/"/"C

"4"1#'/(C"C.($4-I$C

-%";T$U.K4"/"-%K

/%/"""-4"*:$ ""($"//%*

"$C$$"64/"4"""":$(1"6C

* """/% 4(&$""/" $""%/

C($%"$&$.'"/$"/-4$.'&''1

#/"""/"-5:'"-(/;C

$$"/$%" "/"4;/-*"C

'"/%"/$""/;$/"/(%"(/;$1#I$C

- %" -4-* $'4;'"" ;4'$

.&$"/%1':"::'%"""/:

%"*:""$"/ K(/;$:"/;4'$.

K:"*:$( -4"C

($%"-1

#( 4$/$/(//($"$(4&$$($

$%$:"""*:$:"""("*(C

$%"$" ":".1#/(./"$$$"/$:C

-$&$K-%$C$($4/:*C

$&/*:$ ""1

-(/;$$"/$*-"'--$$-C

$'*6C"^$:&""*"C

"%*:($%"$&$.":" /*/:6%"" %"*

% $:""1( ":"*:$9C

>L

#E#8#F99

-*$/"$$"/$'&(""*I$C

-($ -4%"::*:T($%"$.&C

(""U "1

$*:/4"'/""C

"I$--%/(//[$ RA??DS+L11\1#

I$-/$"%"""/4"*"

$""""(&"'/(C"C.(-[D%5A%

RA??>SM+11*A2RA??DS\1

#'''" $$""" 4"O "/

"'--$ &$($"$$ ";" A?D?"$ /--%"$". [8"

RA??DS\1"/":" *: --$"'"""4 "C

4C/(///"/*(:::":".*$

"($"$T]:$"$U[P

RA??,S\1#$""%$":"-%$"$*:6

"^$":$:;/%"$$. R

I$-S/:-$( */$$-$

("R(/;$$"/$S1

#4 ($"/%""$*$"//$'4;/C

:"(%" ($%""14"C

-"//-(&$4$*:$($"$$C

"1#$/(/-/"/"(

%.'&':"-$18%"*

%"$*"-$""$$"//*"".%C

"$/:$(/;$$"//$1

"-'/(C"C.($4 :"/C

:"%"""*:(.-"44:".C

" "$*:(-/"4"""&("C

1I$"/"($""""*%4

"/-$. ($/;$-*$'-(%" ($

K%$/C($%"$K/; /("%$" "C

"1#( %"($"$$:"-*:

%/".:(%" ($%""*"" $C

"//%/".1#/&:-$"".$"//C

/ 4%$"-:".*:%" $"//$

".$1/-"-$K:$"//$C

"$"":"'"-$""""-$""$"K

":"""4 ( (%" ($%"1

)""$ $"%$/" (-/"*

##0@#@0=Z>

A??>1/%$4":".$""""($%"$&$.(C

&"'/(C"C.(-1#."%46""%"""

*:%"*-*""/&.4QK"C

*!%$*$/K"'%"1

""&/""O"$*:%$"($"$$$"/

"'$'4;/$"%C($%"$&$.:*

'""1

8=#9

#+FRA??LS2]5($4&"b4!""=%("$0

":$"!""1((""@$%$"1/$"*]E%*51

$+564 RA??>S29$ 4!&$!&$"42]

=$44"5*5:$#"$1b=%("*+GRHS*H+?KHMD11

+ D RA??+S2 %/$%$$5:$1"2

$1#!K588=K!59*&*!"/)"*H>KLG11

+D RA??DS2:5:$$!"2 A?DACA??>1""$: " ":

54&4$ ":!&$!&$"!"2# 8""$(&"$%1

/$"*&$ALKA>1.1

%$!RA??GS2:9C"$&$)&4":$!"K

&$"$1"2 % R5A8!#R1S2E&

!&$!"-$$"=$$"$$E18""$5"40]":*

!&$&*+A,K++D11

/HKA>M11

6#+CRA??DS25""$"$1"2/#+,R1S2

$$!&$!&$"1:*;-$*HALKH+G11

62 +6D568RA??DS2!&$!&$"45($""$1C

"2/#+,R1S2$$!&$!&$"1:*;-$*HGKGL11

>D

#E#8#F99

6+/58+DRA?DHS2#&:$%$T9$$"U""1:5"KGGL11

3 +A5$%1+A51)+C RA??DS2$4*$%"$"$

"&"$ $ ":$"$24$$:)$ 8((($"#J

(C#$!"$*G,RDS*AMAHKAMML11

3% +$1R1SRA??GS2!&$"&"$$":I$5"$25"

4$*89C5("AH*89C5*)("1

3% +$1RA??>S2-"-%&$$"$&$2$

&$d$%&1"$!$!&$*DA*A,?KA+D11

3+85/% (,##+1RA??>S2$40]":1"2*(

D+/R1S2:&$&4$1$&$(*$&$*8""$

^($&15-$$%$"*5-$*;"$*A+>KAG?11

3#G!5/!RA??>S2b48"$""$":$"$28":!&:

444$&$&d$"18K8*=$&$(M>*)("1

3#1!RA??DS2$!"$41"26+$R1S2

5""(":b$"":($2b4!""C

4$":5&:(-$&*E*!%$15"4#(($

$&&:*;&:*+?KHG11

3K%L5D$!RA??DS24"$4C#!&$"$E1/C

$"*)("1

0+D RA??DS2$&8(""$8$4$$!"1)=*

b$(HA*91

4;RA???S2:$"$&4":E$$41"2$-+

15A+5P+,(F R1S24"$4!&$!&$"2$ $

5"C"(1:$&*E$-*+HAK+ML11

42+$ARA?DHS2:$"$&$-$$"4$%"$$!&$!&$"1:5"

KGLA11

4+FRA??>S2#":R0S&&$&49$$"$^"

8%""-$J:5:$^($&1"2*(D+/

R1S2:&$&4$1$&$(*$&$*8""$^($C

&15-$$%$"*5-$*;"$*+GAK+>M11

4+F

RA??LS2$$%"$"$$9"$#$&K945"

"(1$"C($&*H+RHS*DLKA,M11

8!A#G!RA??LS2:E$$4281/$"*)C

("1

8"+SRA??DS24"$b:4:"""$$""C"(1$

7]$&:-$19)$&:*(1

8 +31RA??>S2!4"""!&$$&294":$"$&C

$4":=%($5"$1"27+F53 5P+CR1S2

4$"C5$"$"$&&$1"$#&$*b:C

$"=151HDGKH??11

##0@#@0=Z?

8+3 RA??>S2%"!&$4$E1bb$(

A>>,*b:$"=151

,% A% !RA??LS24$":$!"$E15"(

)*&-*GKA+11

,+ARA??MS2$%"$4"(5"$$

$"$J%$"#$$&.$&*?RAS*ADHK+A,11

,+ARA??LS2$4*$&$"=%("&$&0]":2

$$%$&45:$18*b$(*bW?LW?M*b:$"=151

,+ARA??>S2#b)(&"$%$41/$"*b:$C

"*=151

F+ RA??>S2]!"4#!&$"1:*&"$&*($$&

%$&1b)*$&&:b$(A>LL*b:$"=151

1+5P+ F RA??LS2$$ !&$ !&$"e)$&-&"$%1

5:*%-K&-*+DK+?11

C$!RA??>S2:5:$4$("$$E1/$"*)("1

C*+A$RA??LS24(%$$#/$&9"$2&"$1

5&$^"$*MLR?SL?+K>,+11

$!% +$RA???S2$"$&"4$$5&:#!&$"1

"2$-+15A+5P+,(FR1S24"$4!&$!&$"2

$$5"C"(1:$&*E$-*+M>K+G>11

$6RA??GS2$""4$$%$($2!"(("$1C

"2 % R5A8!#R1S2E&!&$!"-$$"=$

$"$$E18""$5"40]":*!&$&*++?K+MA11

$+A5/% )+4PRA??GS2=#"""$"8"$""$$1

"2$+A5/% )+4PR1S20&:4"$&:!-"

($"$&:!"15(*4"W$K]@1H?K>+11

$(C+31 RA??LS2$!"4$9"$#$&2:$"$4":

8""$$"$15#9%$]*RL,S*>HK?D11

$(C+3 RA??>S2 !&$b44 $ ":5"^" 4&$&C$"$&

9$-$"$29"$#$&51b=%("*+GRMS*M?>KGA>11

$4%

RA??>S2$41/$"*)("1

$ P5$ 4%

RA??LS2( 45($"$&

$!"5$"$4":8"&"$4!"1#"A??L1

LC%$""""/"%--$(4"" "/1/$"*

)("1

$P5$4%

RA??>S2(&"":(]$

!"""$1/$"*)("1

$+DRA??DS2!""4":4$5""(1"28!!#

R1S2%"$(&"4!&$!&$"418!!#*04*?KHD11

$+ F RA??DS2:!"&"be")"!&$!&$"15:*&$K

($$*?GKAA>11

D,

#E#8#F99

$-+1 RA??DS2)($"4$4 $E1"2

P+FR1S2"K!&"-4":$"$*C

&$49.]e?>*#$$&**?,K?D11

$-+1RA???S2:$"$&&4$4$5"C"(1

]*5:":*;"$K":("*#*;"

C

1

7+F$RA??DS2:$"$&4$E":5=$%4$EC

15$)("=$&$(*/$"*)("1

7% +$5/% 2+,RA??LS2&"=%("$$&$!&$!&$"$

9"$#$&189*=$&$(8$!&$"&"$A*041

L+$ RA??DS2$"$& 8"$""$ 8(&"$4 $ ":

$"$5"$1/$"*!&*]@1

D%+A5A% +ARA??>S2:E$$!"$$"$1"2

6C50 +F(FR1S2-$&$&4$":$"$2:

^($&4E1b)*b:$"*=151

D+DRA??MS2=$"$":b4!""J*:"&:*":$"$&4

"&:"*5-$$%$"*5-$*;"$1

D+DRA??LS2:]$"$&4:b4!""1b$"$&*MDR+S*AMHK>?11

O+$RA??HS2I($"&%4:2=$&:$$&:C

"44;"]$&fJ$44&:-$&:"-"$

"]$&f*1>?*b"4*;&:1

O+$RA??GS2=(/5:$2&$.4#/$&

9"$1%$"8"&$!$!&$*MDRHKMS*+?KMD11

O+$RA??DS2:!&C0"$$4$9"$#$&15=*

$1

AF!RA??LS2=$)&:$"42!($

41/$"*)("1

A% +ARA??LS2:E$-$&"))""84-"":#%$-

("$1$"$*>RAS*AMKAG11

A+AR+,,,S2:($"$#"$$^4"":41/$"*

)#$1

A2+$?A??DS2#]0"$4$45d":"K#

^$$"$&$1$"$*?RMS*ALKA?11

/% +F5P+$RA??LS2#&:$%$($0]":$":$"$&$4

5"(1E% 8"$"" 4 8""$=%("*=%("

=$&$(GMM*5-$*#1

/% Q +PRA??DS25"":(-#^)'&:C!(*]10$&:*

"1"2/#+,R1S2$$!&$!&$"1:*

;-$*ADLKA?L11

/% +P50%+8RA??LS2$"-$&$($#"$

41!$"$(&$1G*!#

##0@#@0=ZG11

/#+,RA??DS2CC@C0%15($"C$!"2:81C

"2/#+,R1S2$$!&$!&$"1:*;-$*HKHH11

/!RA??>S2:54E1"2%$!(

!:$!"4K)$"$*E*8"**!]*

:#5&:&"?GC+AH?C*$("*/$"*)("*GAK>>11

/+8 RA??DS2:)--4(:$2C-$!&$"&"$ $

g4e9-"1/$"*041

!RA??LS25:4#""$""$"":$41("1

AWG4":$$"4$&*/$"*)("1

+FRA??DS2:5"(=-"!&$!&$"41"2#

("$]4$4*89*041

*!#RA??+S2EK44!&$$&^($"1b)*

b:$"=151

*!#RA??MS2#%"$":#5$$1$&$""&"":"

0]":1^4$%$"*b:$"=151

*!#RA??GS2EK!"&"44!"$-0]":1b)*

b:$"*=151

*!#RA??>S2:!""$5:$b1b=%("("1^4

$%$"*b:$"*=151

*+0RA??GS2:#"$$48"%&4"(1

/$"*b)*b:$"*=151

P+FR1SRA??,S29"$#$""2E]&:EE((J

8"$""48""$&$&*b:$"=151

P+FR1SRA??DS29"$#$&42#I$]4b:$"1C

"23+,5*+,R1S2&$&4$9"$#$&*"b":2

:=*A,LKAA11

9I

$+T

!"!!!!+

!#$!&''(###!(

#!

#"-$""$-%$C

"(."% '""2"4; /4$"/$/"

"%/"/"&/-"4; /"C

-1#"(.":$%""""/""/ K(."$%"C

"/(."$/"/"/K'%$"$1

#" //-)!:""/"

""-*$/-)!$""$C

""'/$""/1#:$/(&$$%C

/K$$-*'/$/*'%/K4$1

:""./""+,,AC-

"'"/ -%-$"* ""/ $"/-

-"-"$""$//"$1

A1

#B98I99#9!0E#7!#

#A??>1/%$9YYY81"'%/- $::"..)!

-/$ -/"*-4""*;/$":$(.""*""."""*%C

$""""/"/1#(."$%""C

:"4 '%" /(/-"'"/$2

A1-/$ :"*

+1-4$"*

$!C+#!7#8RC$2"X"$1:S1

DL 9I

H1-/$ /%///%$"*

M1"/%/"-$.-/$ /%//"/"*

G1"""."*

L1"".""""%$&$.*

>1"":"*

D1$.1

# !! a #-/$ A?DD1AC/%

/-%" (-4 ("$$ 1#-/C

$ :"("$(-/;1E%$+,,A1AC/%$

'/$*"/--/$ M>M?("$("""C

1

#(."$%"":":-/$ -/"K$4$C

"/ $/ /%/ - $"/( .K

-"".""/'%"4$-%$1

#-/$ ($$A?DD1A1#-/$ ".

(/$*-%" ".("$(1$//C

--%$-*:--$/-

:"""-/$ 1

!!! a #(."$%""-&C

/(."/'%"-1#C

"/'%*" $/4$"""C

/"*"-(."$%""-1

#A??+14-+D1"/""/'%&:"C

""':"K-4$"K///$" "

%./(1#-4$"A??+14-+D1"

/A??H1&$A1 ""/("$:.(:%$>G,,,4$"%"*

(($($+G,,4$"1A??H14-+D1"/A??>1A1 ""

&-4$"($'/":"" "'%/*($

+G,,4$"-1

A??>C--4$"($HH,,4$"*A??DC-($M+?,4$"*

A???C-($G,D,4$"*+,,,C-($GG+,4$"%"1+,,AC--4C

$"K%:".K($L,+,4$"1

#A??>1/%$9YYY1"'%/:"-/(//$-4$"T-C

""U"."$'"//%"'"/"1#.""/%-/%/-C

4$""/%"%""(".-"".""/"C

1

8#@8#@0=Z

#(."$%"":"-4$""/"

$$*:$/-.$"O$"%'%

/'%"""$4$" $:$-"*"/%/"1#4"":$-*"/C

%/$%"K%"/%$"/"/KC

'"/*$:$-"$/'%""*/(-4C

$"4""$"/'%4$-%/"/1

=#! a #-/$ ($*

-4"""%*".("/(1#-/$ C

($* %"/(C

."%'%*/(".("1".C

("((/(1#/;$C/* ""$/C

;$C/* $ / "'"'"" ( ".(* :

(%" -$""$%$-.C

."%'%1#-/$ &/%/*:("$

(-$4"":--4".(1

+,,A1AC/"'"/ -%-/$ /%/C

*:-".(--+H>M1

>## a E-/$ C

/%/"*/%//"$1#/%//"/" /(/C

/-/$/%//:;/6".("C

$ -/$ " 6"-A?DD1AC/"

%$4/:%("-1E-/$ /%//"/"

$;*:$(." $"$1

#:$(."-$%""""/((

4"-%1:;"""%""K+,,,1&-HA1"$-

%"//%//%.K-"$""1

E-/$ "-/$ ""/""4$-%/"/%

$;"/%//"$*-/$ ".("/(

("$($(/%/$$-/:$&//"

"/"4$-%$1"" (".((%$1#:$(.""

-%(".("-%$4/:%%/$C

(/"$$*".(/$-/$ /%/C

//:;//"/"1

#--KA??H14-+D1"/+,,A1A1 ""K/%/:$C

(."$"(."$%"":"("2

%$"'%" *"":" """"C

DD 9I

$1#:$(.""K%/:" "%"/%//"

%" K%"""L1("-$""1

9! a #(."$%""'/$"

-4""R/;/$":$(.""S""("$/%C

/"/$'%.'/(""'/%&'C

"$1# "&'"/"""."%$1#

""."-$/$'%.$"

-$%*-:"1

E-/$ %("$/%/-".(,*--

/%-$&"*""."."$&1#$/%""."""

",1

E%/%-".(,*/%-".(

/""""/%"$1

#/%"/4"'%" 2

K".(/".'""- ($"""C

"1#($""-%/".""*

/%-$4$""".'""/.'"/%%/$//Q

K4$"%/%.'"""($"- "6*:

$"""($""$%;*:("$(%/%C

-*(""'::/%-$4$""".'"""

/.'"/%%/$//"1

#4$"%/%""&'"$"'%/%/:"$"C

"-''"*""/%/%/.(C%/1C

(4$"%/$'%.C("1

"'%" 4$"%/$ '%.C(-./$ '%C

.""/%/%/"-"4:%$"$

/%"""."*--.%$"'%/%/:"$"C

"-''"*/%/%/.%/"1#//%

4$"%.'1

$*:$/%/%/.(C%/*$

/%.%/;'-'$/$'%./%-/%/C

%/$" --*:""."$$//%%C

".%/-" $* -

4"/"$$ 1

#/%4$"%.'//%(".'/"$

%$*:".(%/%- 1

#"""4$"%."%$/%--4""R"C

8#@8#@0=Z1''""$A,/%"$*A???C$"OA???C"*/$

"6%$&$.-.$.A??D1/+,,,1"$"$1#

+,,AC"'//%""""%:"*:*$+,,AC-

-*%$""$$/"/%%--$A???C$"C

-%$&$./%/(."$%""$"1

! !! a #-/$ -/"*-4""*;/

$":$(.""*""."""/%$""'/".C

(%/(""($""HLGC"%*A+C%"%(C

:%$"""1

#+,,A1AC ""/%/-%""'%/$":$(.""

-4"*:"":" """"%/C

$1E-/$ /%//"/"/:%" -/$ ""$

($..4""4$-%/"*-4""""."""

/%$""'/"""'%$-%" C

("$:.(-/%/$$-/:$&//$C

%*:(".(-.:$""-/$ /%//

"/"/:1#"":""'%""'-

$$%'%"".4:%""%/$1

#/"4/:$(."$"/1#K("-$""""K-

$":$(.":4:"$$-/%""/"""."C

?, 9I

-/%$&$.-1#KKH1("-$""""K-$"

:$(."-4:"$$-//""/"%$$*"/"

%""."-$/%$&$.-$1

M! a #$./"6"$4C

O"//*:"."/""""

"$"$"//-)!1#"'%/%:"

*:%"."/:/"(."$%"

"--"$1

+,,AC-AK>1("$":""":%$""!#(

!$""":$"-(."$%""-1

!#!

#(."$%""$"

3

:

3

:;

1/%$':".S

I97#@0=Z1/%$/"//""%":"*

:"%."".$&'/"""A??>C1

#%""/""$&!#+6"/""

4;%//-":"1E./((!#! +:"4;C

%//- ":"6/"//"* -"O *:':C

".4$-%""A?DD1/%$""4""$"%C

/--A??>1/%$""4""$"%1$C

"*$/""*6""$A??>C-A?DD1/%$

"&'G,/"4$1#-(%.O"C

:" *:''""$ "/&'/ -"C

O;/'%""/-$!#!"".$/"/$C

-1-""$*:$-6"*$"%

/"-&'/"":".$1

!"$ /"O%" //* :

"/&'/$%":" %$*/"/C

!#!

#/" "/$/"/$

?

@*A

! #!!

*+4 %"'#$ -'%$

*+4+B % '" #!'$

* " '- #'$

**) %-'- "'

I97#@0=Z

I97#@0=Z

1"1 i RS

R$S,

RSX#

#$-("$- &/4;%//"//* 4"

/%/..4-"""$--4""4"C

%/"1

+1+1

!"$/

#"- "/$""."%--$"%.C

""."%"""*(%/";RGS""$4"C

"1#4-":""(/""'$&!#!

&!#!

#4-";"":".$

! #!!

@*A*+4 %"'#$ -'%$

@*A**) %-'- "'

@*A**4C %-'- "'

*: !#! "$ //"("" / 4;%//-

""-/"//"1#4;%/%$"*$"%

4-""":"%4;%/"%$1# ("C

- ""*: "/ " &'"

%$""/%($.-*"-("(C

.'% "///--/"/O&'C

//"1# 4"%//4""";//"*:-- '%"C

$C*:&'"-$""$1=(&$.%"

:"//1

/"4-".$//"%":"4*"$C

"-%$*:%"":"/4-"$

.1#4;%/%"(/"4""""C

I97#@0=Z1/%$':".S

AA, #!#!

#(&$.A??>C/%"$(R4$"S

+4 *4C 2,+42,

*

."'$ .-' "-' "'!

.#' %'. !'% #$'%

$' #' -'% #"'%%

%#' %%'! "-'% $$' %

.#'% %$'" '% '!

".'$ $%' #$'% -'#

"%'% %'% .#'-

--'- "'$

%-' '%

-'# .'- $' -'"

!' -'. .' .'

"-'! "' %' %'#

$'

-'%% #.'" #!'%

!'$% % '$% .$'" --'

%'"

%$'-( #%' (

%'% $'"- "'( "'! (

. '# !'" ( %'$%(

##'"# -"'. (

" '$%D7 '$% ""'" . '

$: -$$$$--(2/C

*(*$%" "$/%;1

I97#@0=Z

AAL 9=889B!

9=889B!

M(#!)

! (!)!#!)!)(

%+"-+!% ! !!#

%#+% +# "

G-)%+(

?)!!%++#!!+!(

++#@(!)!!B !(

!#M!K)!5

)"+)#!(

+!"

!!5!##)

#:" -"*'"""*C

-$O"//%/"$-$""$/&$$(C

""1#".'%"/"$/" *$.($C

-"-&$";"*C

4""$'/1/"A??D1AC//"-/( 6C

"'%/"$":" 4.//*&(

""$:".*%/ C

"2T.""U4"".$1

#--"&/-.($"$$/""

4 $"$;/2"$"-;":C

"."/ *%/'&':"1 ,CDADAS1

#7A??DC)#099#Z@0=Z

8";""/;(//"$$ (&C

"/"1#;%"*:"A??DC-C

"""$%$$A?DDKA??D''""$($.-*/$

/"/-"""/"//"1#$."

%; 4 "/ $ $ -42 !%*

*#!!*!!*/#!!

#1#A??D1/%$$."6( $

$;"--/("-""$""(./

'%"""/$$""//%*$(-$""*4C

'%1

#/"//$:"."/ /"/";C

"2A??DC-"C("(C

1":4$-%""""/"

"/"*"./"("-.$"/2

A1.C//'""'*

+1$"""A??+1&$."&"C

""/"/-*K!)%$4$-1

-- '%" "%--$-&!"

/";*"/"$%$"";'$*&C

(4$*$"%(!)!(C

"1

#$&%/%/"" /"/-$44&$.C

"*/$'%$/"'""1-"'"/

-4$$:%"""*-$"""C

"$$%""1#MCG"./%$R%"

"6&S"$"$$";'$4 .

"HGCM,/%/4$"/$$ '%$%$$"1

# $$'%/:--"%

4$:"."%/"""*/";/%"C

"T4''//U1"&/""A?D+C--%"""

'%-"A??A1/%$$"1&C

"//%""/-A??+1&$".-"".

"4$-%/"//!)1$":-"".

"*A??LC-4$"$$&$"C

"""--4:".-""."4 /"//"1

; "$%"R

"(S$-"*

$"& """4 '%$%-*.-($

1

AAD 9=889B!

A??>KA??DC-;"""'--"/ ($"%$-%"""2'%C

$"/$#!"*%"!!(

#!*"")*&'"+/!-$C

%"--""-1;""$-$.C

"R%"S6(&$.$""-;*/C

:" -&A??D"(""""/C

-%:".*:"$%$"A??DC-$//:" 1

#" %%(: '%$44&$. $

"%--'%""&("''""*/%.O$:/:C

"-;"//$/W% C($&$("-./"/ C

'""%.1";"/4"*/"-$C

//"/"O$:".%$1

A1

#5!8I9#!7!!7

#7A??DC)#099#Z@0=Z

A+, 9=889B!

-.%"";*/-($:""'%/*/(C

"""'?&!#!@#"-$""$"..."'%/C

R/"S/"-C("4C

""*$"""&(/"O/-$""%//""$";"'C

%$"---:"4"*"1

#:"( !1"//"/%

#+"R/4$"/$4 '"&-"$

/'/%::"S($"$6*:'C

/" "# ) &'"$1 ":"

O"".*%$"".O'%"*

%$"!$1"/4$&$.'%""/-/"/

R--S!E"".O"$"$".1#"%--$-C

(&""*'%4$$"C

O""."/";1

E""$$ --4/-"$/

%""*'%*:$.(""*'%"A?DD1

AC ""$'--$$ "*'%((

!!#!4 '%"4$-%$1EC

&!#!

#"4:"""$"$$"V

)

1

J4

@KA

*1

*

*

@:I;A

(*

J4

@KA

*1

*

*

@:I;A

(*

J4

@KA

*C

@KA

*C

;

:;

@:I;A

! ( !. ( .! ( "'" (

!! "'# -. !'. #-" !'# "'" (

"!! !'% " " .' % .$ .'% "'" (

!! "'-$ !% -'-% $!# "'"$ -'" (

%!! "'$% %.- $' % !%%% '-% "' """-#

$!! -'%% #!$ #'# $# #% !' % "'%

!! ' %$% $'#% !$!$$ !'% -'

-!! %'% !-% .'% ""!$ '. -'

.!! .'$% -"$ '# #$. '"% -'

#!! $' - $ '% "#%#- $'%% -'

!! $' ". - ' ".##. $' -' "$

V !EC"(1

VV /*//-$""$//%.$/'1

VVV A??+C-&&$"./%/(41

#7A??DC)#099#Z@0=Z

A++ 9=889B!

#!($"/#:C

/"4$$1A?DDKA??A''""%""%-4*A??+C

-($&/%".":.(%"/%/->G,,,4$"W:.

-4$"*//%4 "":"/%/;"1#C

./"/$.H*HLMC :&'"*/A??LC-/"$$C

"2/"/$'A*L+D%"1#(4/:"A??DC-/C

"/A*?+LC'%""1

A?DDKA??H''""""-""."/4$-%""/C

"/--4""""-""."/"C

*A??MKA??>''""4""".1#--C

A??LC-'%"""-*/A??D /%*$$CC

(":4$-%""-"".":%$"$/":"

4""""-"".""//"//"1#-""."/C

/-A??+."4""".-4$4 :""/ 1#C

"$""*:(4//""/""

$;*(4"/""'%//%

"/"$%$%."4"&'1

#=!#!#/"4";""";"6(4C

!#

#-4$""6

#7A??DC)#099#Z@0=Z*G/S1#'/$/"$"/-"/

"""./"/1--"""".'/$C

"/-A??L1/%$+H*M/^$*"$

""./"/A??DC$"'%$*/"./%-

/"//" %*A+*+//$--/"//"1#4/C

4$/ "/-A??HKA??D''""(4"C

O*&($"/".4/4$%1

#""("("6-;/"K)

/)%/OK&(""4$$"14".$-C

"6""-*!###-"".C

"--R% S%"*$"$$#! !1#

K)!'"6-;"'--$"

+,/1

#(4"-""."$"%$"$ -/C

:"""$""*/":".C

--""*$""'--$-"".""?!#@# "

'%/A??LC-"'"*(4//%(:*

::'"%'%/$;""%--"1$":"/

" $&$4&$.$* -$""-.$.'%C

:"$;*%$"-$%:" *:""C

.""(4"/% /%'%""A??D

"1

#(4-"".""A?DDKA??,''"" //-

""-""."$$"/*A??AKA??D''""$($.C

-%$"--"$"6-""."C

=!#!

4"R/S

%!! $!! !! -!! .!! #!! !!

& " $'. '" .'- '$% '"% $'"%

**? " $' $'% #'$ .'- '. %'%

;1 " .' .'# ' '. .'- '"%

" "'$ .'- $' "'%

H++5 " !'$ .'. '! ' '$ -'#

VA??+C-&".":.(-%"-4$"1

A+M 9=889B!

"/" *$($4""""-""."/"/$" 1#A??L1/%

-$""%$//"*:%.($. ("/"

"1&("*:K4$&$.'%"//"K-4C

""/"/"##/"/-"/"".1

#&!#!A??DC-(""""+!":%$

"-""."$"-"/%/"*%$"6:

""."-"".""5-"-1#-.":".*:

'/$-""."/($."":4C

""""-""."/"1#"-""."$:%$"A?DDK

A??,''""""4"""":%$-"".""/%*A??AC

" - 4" """.1#%

--/"-%"*';$ -?4=

!#!@1&("* /-//$("*

/- ($&%./"/ /$"""$

"/"-$"-.%.;/$:"/6"A??DC-$1

/ O "&$ 4$:" A??DC-""

4/4$/ -""."/-1##-"".C

":%$"R'/$/"'SA?DDKA??H''""/

&!#

#-"".""6

#7A??DC)#099#Z@0=Z

A+L 9=889B!

/""/1""/((/%""""'//%$"*

'% :"-"(%/:" /$--%"*

$C("($"-6""/"//"

"/%-/"$1

#/%$$""$$/"/%"//C

"'%" 4"-O$$""1I$C

"$(!%("""4$"%/"/"

"$""";*:$$--$""!

%C

$"1%$$."/"&--/"-

/%:" *:$^/%/""""TC

"'%" U*"$$^:$"(C

("-///-1#"%--$---/"-

:!%$4/"1/-/"/"/:"C

-".*A??D1/%-$""1EC

./(("--"-$*$"

RA??DCS%$C

"1# $""""$/"/ "/"&%$ C

" /%*$":".*!N&/%%/C

--%$$""/1

# !%K$"4= !#!# . ":".K

;""/"A??GC'T/(;//"U*/$--"/

"-%/"/"/"//("1

$""""%$"/"/$" "(*A??D1/%$

$"$1):".("-"&:$C

$("-.:".R("$/

"$/$"S*-."$%$&$./C

"//"*"/%$"///"*//"1

#%$&$.(%" 4"$*:;'-' /%$C

$"$"'%":" %/':".%"1#%$&$.C

";-"""*:C(""/-A?DDK

A??D''""$":"""."":

/("1E$$ ""/$"/%"-(

## ""*$""".""*A?DD1/%$%$C

""/"/

%##A??D1/%$/"//R/4"%$$S1

I$ /%%$""$ " R"$1 A??D1 /%$

/"/ S*:"/%'%/$;"""!%(

N $ /% "". "$ $^11

" !!#: ! !%N##+!(

N+!!%"+(

#7A??DC)#099#Z@0=Z

#"'4;/"/"%C

$&$."/-$/%/*/.4=!#!"$C

"1

#=!#"R"6S "$"/""$1

#R/-""""/$$S *:AA/%($.C

" "

! ( "/((/;'-'

$ ":"1

#

A?DDC".A??,C$"".$ *"-%$C

"""

R&'/S 1

"A??,

% --/%*/"%$"'%;'-' $"$"*

"".&'A??LC$1#'%/A??>C-$-*/ C

-A??DC-%$$//:" %/*$""-//$

A??HC"$$""1#%")2A??AKA??H1/A??MK

A??L''""$$ 1#".--$$ ""&'/(4-C

""'%""/-"%--*;''--

"O&(""/-R(/4=!#!4"*

/4$'/$"-1"$"S1

#"6"-;/"/ "A??DC

-(""""/!""$1A?DDC-(

=!#

""./%$""".""6"

A+D 9=889B!

!!""/-/&?,,,4$""%"

&--*A??DC-;'-/:"AL,,,4$""$1#/"

$ ("''""$% "--;""""$2

A?DDKA??,''""'/$"" C

"*$"""*/"&'/$"%--"C

"""1'%""/-A??DC-C("("

"/-""'--$"AH,,,4$""%"&--1

#>!#!)""*$"%"!""

/%/"'/$K"$-"-*-""."--*

$"1:"!)$"""/%-"$

$ """"%"";4$-1#/"/%/"$

///$"/"/"%$"""M(#!(

!

#"-.":".*:'/$/"$""/-

$".(*$($/""$""/-

;'-/"$A?DDKA??D''""1#'/$"$/"

""./"/$% "%$"$ -2C

"$$ %%.4""/"".R".("/"/W/C

"$:" (S"-$?G/?>/''""""*

!""($/%/"$?>K??C

/""-;"1//%/-$?H/%"

"$$ """1

#""//- '%"$*:""/-/C

>!#!

#".(//"V

! !! "!! !! %!! $!! !! -!! .!! #!! !!

&

/

@IA %-$ "-$ !$ $ !$ $ !$ $-$ $-$ -$ " %

28

@*A '! .'! "'!! '! %'! '#! !'#! #'#! $'#! #'.! '$!

**?

/

@IA -$$ $$$ "$$ -%$ ! $ $ $ " $ " $ "$ !$% "

28

@*A $'%! $'$! '! .'$! ' ! '"! #'! "' !'- '% '

V#""/%-"$ $ """"%A??DC-""

%1

#7A??DC)#099#Z@0=Z59!#!"""("/"";*%$C

("$""$"$"/("C

$" R $'/$/4/4$"$"S1#!K+

-""'/$"(.""'--$&("C

"."/ ."2A?DDKA??,C'%/$($."A??HC$

""*%&$/"/-"%$*/

>!#

""./%$"""." $'/$""/-

AH, 9=889B!

9!#

""./%$"""."4/4$"$""/-

A??HC---%""*$"A?DDKA?D?C-1A??MKA??L'C

'""$$$$"&'/*%$$ """

i L,,,,%$":$':1#"'//%$RA??DSC

""%$"--A?DD1/%$""/1

"-

%)##!+ !"

- !"-*

("$;' $""$1

//(("!""$?9!#@:

%$""--A?DDC-*"$6(

&'//A??>C$1#"&'/&A??DC-"

:C//%%--$$"1#"$$ """C

4"&'/*"$$ %%.4""/&//%C

/% "%--&' $""" ":"" $% ";

"A??DC-""'/-1(

!%)+ !?!@!)(

#%"

:"""!!?%"@!E

4""""%"."$%?9!#!@8""$.;';/

K -""K($.1"#

!!?''!@"" +!#

#7A??DC)#099#Z@0=Z

AH+ 9=889B!

--%"&("4/4$"$R$*/$--

KLA*G/K*$" /S1

"-$$*:%$"$ ""M(#(

"!! )*-:"%C

C&%/%"&$%*$$C("C

"$"$""-% --%"1

#(":4$-%"""-&

/%$$""/"/"*:.""$ $C

/4%$*-$:"$--1#-""./"".C

"';"- --$"'%/$;"--1

#$"::"/"/"'%/$;"K

%$"".- ..K "" '/$*--*$"

R-"".-/ ///%S$"""."'%/$

;"2":"%&--44$&$.*$"""$

("-.$"1/"($"::--

R/$"S"".""4$-%$1

U!#!

#-$""--4""""."V/"//

A??DC-(""""6""/-

RA?DDiA,,/S

* !! "!! !! %!! $!! !! -!! .!! #!! !!

***

!'!! $'! .'# '. "'$ "'! '# %'# !'## #'"

*H++5 %' " '! %'. .'% .'.# $'# '-. $' . !'-. -'.#

;1 '"" "'.! ' '## '"# $' # !'!- -'-- .'!- '!.

$'%" !'"" %'%! '"! $' #'# '$# "'!. %'# .'-

*+4& -'%" !' " '"! #'. '" #'% !'. '$. #'. '-#

;1 '%" "' " !'- !'" '# !'# $'%. !'.- $'%. !'#.

!'%" #'%" "'! '%! %'. !'! "'-# $'!. .'# #'

*+4**? .'!! -'$! ' $'## -' # $'%# ' . !'#- "' . '"#

;1 !'! #' ! %'# -'$# .'#. #'#. %'#- #'$- %'.- "'.

-' " .'#! !' '. .'" '$ !'"# -'#. "'%# "'-

*;L '#" '% '!! '.! '! #'"! !'$# #'. !'%# %'-

;2

* ' " "'-! "'$ !'# !'%# '# #'$. "' . #'$. #'"#

V

#7A??DC)#099#Z@0=Z

AHM 9=889B!

"."/"""("$"$*""($"%$$C

$&$.'%"//"/ '--"'--$'%"C

.$-/% :'/("1

#" /*$"M,/+,/HG4$"''""

1K$"".%/6$$C

"."$"%K&(""" /"$$ " 4; *C

!#!

# $'%&("$"

24C

0

A

@:I;

@KA

5

4

@A

+4

4

@:I;A

6

+4

I;A

@:

@[email protected]

@KA

*

!!

@:I;A

@[email protected]

@KA

I;A

@:@KA

@ A @%A @$A @A @-A @.A @#A @A @!A

"%( '$ .'.% "!-- " " !."$ '$ $!! '.

-$("% '!$ .' $ ".#% " " !#! #' # "#" $ #'$.

"-(-$ '%$ '.$ !$ "- "# $ "'$# " - %'%.

("- "'$ .%#. #$% %'$. ""-. -'-.

& $'$$ %!.$ .#".% .'"# % % -' .

!#

C("$(/"6"%$&$.

"/

Forint/h

120 000

110 000

100 000

90 000

80 000

70 000

60 000

50 000

40 000

30 000

20 000

10 000

0

10 1015 1520 2025 2530 3035 3540 4045 4550 5055 5560 6065 6570 7075 7580 80

Ezer forint/h

Nyudjskla hatsa

Tnyleges nyugdjNyu

gdjnv

. teljes

val.

Nyugdj-megllapts alapja

rszleges valorizcival Degresszi

#7A??DC)#099#Z@0=Z

AHL 9=889B!

.O*:/%%$"""."$":""&C

(A?DDKA??+''""$/%"$;'C;'$

/%/$.-"*$":A??+"(4

"$:" %/"4$-%/"/"C

("-1

#U!#"/"/"""$-""-6"/"/-*

!%"/'%/"""R(

!% !4$"6%"S1"/"&:"""

//(;-/"//-1'%".4; C

'%/":".!#!7!%4$"""1

#M!#!(/""G,,,4$"'%C

".$-&(""%%$"1#-$$""

%$$"""""4$"-*

--$"%$"/(!%!

"/-'%" !"/""$1#M!#%.-"

""*:"%$&$.$/"/-%"""%A??DC-

"" '%(&$.$" C(" ( $"1

4-2$/"/O/"/%"/"""A??DC-

6/"//:"!%

M!#

#(/"%""%$&$."/

Forint/h

80 000

70 000

60 000

50 000

40 000

30 000

20 000

12 37510 000

0

10 1015 1520 2025 2530 25303035 3540 4045 4550 5055 5560 6065 6570 7075 7580 80

0,0

3,95,0

10,0

15,0

20,0

22,3

25,0

%

Ezer forint/hTnyleges nyugdjtlagok; forint/h

Nyugdjalap nvekedse

teljes valorizci mellett; %

Nyugdjtlagok nvekedse

teljes valorizci esetn; forint/h

Nyugdjtlagok nvekedse teljes valorizci esetn; %

#7A??DC)#099#Z@0=Z

A??DC- !%"" (!)! ) R$.

""S"++/""%--1#"".%.$$$

"//" //-*:$6(

"":"-/%$A??HKA??L'C

'""$&"*/''""$%$"A??GC'/%1

"C

-":"$*:/%R%/;S$%"

""1#$$2 / 4""

:--C'%$-- $O%$"$"* $"% 4$%;

:'%:"$$./"//"1

//""

'%".C

$/"18""$/"/ O&("";'-'"":";

?M!#@#'" /C/"*$"%6%""/

""".*A,4$"""$"'%:("""

'%/'/"/O('%//C

%*"'"$+,CH,4$""'%(("""C

/"//%"$1#A,C+,4$"''""*

H, 4$" '%:" 4''"" ($ '%%

'%%4%$$/"/-'%/C

/"1#".'%".$-(//!/$

"%$&$.'% :"1

M1

#@0=Z

AHD 9=889B!

%;"/"/""."$:""$*

.""::".'%(."///1#)

" ""$;'-' --:"1I$:"*:C

("""$/"/-(."(/ / /"(

"(("""!"*"A?D>"$".AA

/%"$"$(""" !K%"".

O4 /"K*%$":"""'//%R%

" /%S":%$'%/:$1

/""-$-$"-&/-.:4"%"""$*

O"""(*$"%'%C

$"$-"-%$"2

K"W$. ""$(%$*

K"R"%$SW$. ""$(%C

$*

K"WA??D1/%$"".""1A

# /""". . "/"" R7S* $"%

"%$"R7S""""*/%C

-/% "'%O/"/*:$"".

!#

#'%(."./(//

'%$"$-"-

A#"'//%$""/"$:"""$-"."RA??>1S

/%"$A??D1/%$""."$$^""/"/$":1

#7A??DC)#099#Z@0=Z

AM, 9=889B!

&'*/"" %$.-/(//$" 1#$.

:""$/"""./"/:&'*/"."$

%-RD,4$"4""S&GH*$"%MG/1

# "/""$*:'%C

(&$..":/("1"".""""$"% C

-" ".$ "/"/("""C

%$"";'$1

"/"/LA*G/R"6S*/

MG4$"$ /""".::./&C

--$"1#""/"/:"4''""-K"/"- /"

"".%K.":%$"""/"/"C

"'%//%%"* "--".$-/"/;

'%$?!#@

#'!#!:""./"/$"""(/"-"1#/"

"/ "(6""./:"/"///-"$

/"//%1#V)"(6""./C

/-$ .. R"//+CH /(" %-;C

S*"4"$"":"$.$6""R"$"%(C

4K(4&("".S*.:"$""$ !!

##+'%(."//$"(6"".

;'-/."". 4; *: % &(""

%$1

#"./%""."/:%$"""/"/4/4$C

/--*$" /*4;";"".*:'/$

%"$".%C.1"/"C

:"*';'%" /""/ :%44$"2

K"$$ :'"".""4/4$"C

---?!#@+

K/%"".""A??H"$" "R;''C

""%/-4""%Q4=!#!S1

//- ! K "/-"$ $

".""4/4$"HA,,4$""--*$"

"/-1#4/4$""$$$--R';-;//%C

%S*$"%--'%$!V!M!C

""..-/% /"/"*% /"/K$"

" -""";K//- $"A??H1

"$ 4.'%""/-1$"" $ "(6 '%(."$

"". /"/ 4/4$K &(""- R" 6*'/$* C

"$"-1S$$% --4/4$"/-*$" /1

#7A??DC)#099#Z@0=Z

AM+ 9=889B!

"/"*$$"$%$"R-/"%/%$&$."

$S%*$/$'%$$$*4;";

'%$"".*"%--"%$*%C"&:"$(C

&"R(S/"'%/$;"C

''""*/$ $$O1

#/%""$$!K'/-A?*LC

/R4!#!S*$'-%"./"/C

$ ""+,*G/1+ #;'-/ :" *:

A??DC-""A?DD1/%$""U="*'C

:".4""""$""L?DM"%"1C

/"""./"/A??DC> 9'*$"%MG AL,4$"""1N"O$"C

:"*:%$(""6//$"":".

";*:$"(C'%/"%$&$."/"'--

$"++/R4!#!S1

!#!

"/%""$$4;%//-

*26

2A

@

@KA

+4

4

@:I;A

4

I;A

@:

@%AI@$A

@KA

,

+4

I;A

@:

+4

+

@:I;A

@[email protected]

@KA

7

*24

@ A @%A @$A @A @-A @.A @#A @A

"!'"( " -% $#"$ %' % %" %" % %' --#'"

""' ("!'" %'" .%!$$ # '$% #.%% %.".% !' ..!'"

" ' (""' "$' # "$ !"#$ !'%% % % #-!% .'# ."'

- ' (" ' %'$ -$ $ .$ "'$% - ! % .--% #'. % '

"%' (- ' %.#$ $-". '%% - .% .#$"$ "'- # '

-%' ("%' #"-" - $! #' % ..#% -$%$ ' $%%'

"$' (-%' % '$ #$!$ .## .' % .#"% .%%$ !' "#%'

"' ("$' -%!"$ .!.#$ !' % # % ""#-% -'# !%$'

("' %%$% !$##% '! !%.. "#! ' #..'

& %!.$ !"- '%% .#".% ""$ '- .! '

.7X"%$"1

+-& $ -6"$- % $*$!E"

''"&$^"(""""/%'%/$;"&+,*+C

/1;*:C(""%$/%

""."$$^("'"/$1

#7A??DC)#099#Z@0=Z

AMM 9=889B!

##'%".$''""1--'%%-(%"

""*$$'%$R/"C:/%S$

((""""*."""18"C

"/&""*:6$ "(

$*$%$4%.";$"/

*:"""$":--"$

$ '%""/-&$/"/-/%/;:"1

#$""""";*%##"$$$"".

--'%&("-"".RD,4$"--:%$

""(("""S1 *:AA

/%-"$$ /$"""*// --$C

%"$';/"*/W%-/( C

&-$""$(44"%$-""".""1

"-:".*:""(R"6*'C

/$*"$"-1S$$$/ -C

"/ /".*/"/"/'-/

4"/".""&!#!"6'-/15C

(/"&("*%"(4/(4".$-C

""$$$"".$"/$$4$

"".1#-.$"/";'-/"$*/

"$'%/$;"''""$"%$"($.C

- %1

#""$"":"/"'%C

/$;"''""/"$'4;/*(&"$$R

!%- /"/2A i l,*,GD+S1#A??DC-""

"/---'%$$$M,KLG4$"%-%"*

:"4''""'%$$&'"*$/-(4

-/(//*/$--'%"/%"*:C

"4 /"""$$ /RA?DDKA??+S""1#4&

!#!AD1(-;'-' """%%"$"";C

""";41(: %";$1

A1#-4$""./"/%--'%"""/'%""/C

-(4""$$--"""'--$/R+H*AC

/S*/ " :"4""""" "/"/"

R+,*G/S1#""%%"/"//!!(

!-$"/"R"&' S(4C

/".1&("*"":".%/-/6"""/%C

$&$.?4!#!@

#7A??DC)#099#Z@0=Z

AML 9=889B!

4"""":%$-"".""/" $1#"'//%$%$C

&$."$/"/(":".*:--&("-"

"%/"///-/%$"$ -&'"*C

"""/'%/"/%-/"!

N/"//"1--&("-"%--/% /%&'"

"$$ %%.4""/$$"*/"$$ """/C

$"&' %$"$ -R/&"./%C

-S1/"/-$&("%"--%"/"R'C

;-;HL/"S1

M1#/"/--(&.$"".O"C

:* "-""." / """ R4$"%S .;'-//"

"""$1KC("(.K4/""."(C

6"$ /"/ /" $ "" R"/ !E4$&$.".S*

'%/$;""-$--%"%$"$ -*$"-"".

"/1$%/"A??M1/%*$$""."'%/$;"

/:" --%"1#4":$C

4"*:&/O--$4/"".O/"/

:""("-K "/ '%$%$"

:--";' KR/$"S"".""$1

G1#($":'%";""."%$"

/"/$":"1"""*:/%$""(C

(""""6$./"/A??DC-"AG*A

/&--*$""%$&$."/C

:"1#4"/"/"/"---"/C

%/-/ '"%$&$.R';-;M/S*/

&--"/ --R';-;++/S1/"

/ /''""/;'-' /((."

"%$&$.'% :"/"//"1

L1I$"'%(."./(//"'%C

$"$-"-/""($"1/((/"

;'-' "(6""."";2/"//":"""

-"$$ "$"" /"/:RC(C

" ( .""S* $"% .":1I//;

$"/""".';V!"(6"".--

%$"4*$--"""'%";

/"'%" $ '%$%$%""1

>1""($"%T:"""/$"U"*"

$*:'/$/"$''""$&/

#7A??DC)#099#Z@0=Z

;'-/%$""".(*4/4$K ':"-%$"

--$"".% --4/4$A??M ""$--"$'C

%"//"1 ;'' RW."S "(6

""."/-/"/O1

D1

AMD 9=889B!

"$$ ""*/(4%$4.:"/%//C

""'%/"1//-("$$ $"C

&$'%% *&("A*A/-'%"""--6"

&'/A?DD/A??D''""1

8=#9

1!!5A F!5$ RA??GS2/"/%"/1;$

!*A+11

1!!5$RA???S2"/%"//"C

-1/$"*-$""$ $".1

AF!RA??HS2)%":" C("(.1/$"*

-$""$ $".1

$R+,,,S2#A??D1/%$$./":".A?DDKA??D

''""$'%1/$"*-$""$ $".

#7A??DC)#099#Z@0=Z

>4

+

4

>

>4

6

6

,

+

4

>

>4

@-A

I@

" A

@;A

@*

A

@

A

@

A

@

:I

;A

@

:I

;A

@

:I

;A

@*

A

@

:I

;A

@

:I

;A

@*

A

@ A

@%A

@$A

@A

@-A

@.A

@#A

@A

@!A

@"

A

@ A

+

5

+4

H+

.$

#%

-"'

""

$'

$$

!'

-

%

!.

$.

-

$

#$

$%

$'

..

#"

.%

!

"-

'

%%

;

1

+

4

H

+

+

"

$#

% '

$

$'

%-

$$

-.

-$

-.

#%

$-

$#

%.

""

#

'

%%

+

4

H

+

+

%

-

%-'

%$

-'

-

!

$-

$

$$

#

-"

#

%

$"

$

'

%

+4

&

-

-%

-'

$

!'

.-

-

#$

$

!$

$#

$

!'

%

$

-"

$-

'

%

;

1

+

4

-

".

"

'

"%

'

"

'

!-

#-

.#

$

$

%

-

$-

..

-

$!

#

#-

'

%

+

4

.

#!

'

%

'

.$

$'

--

%

!"

%

#"

$

%-

%

"'

#-

$

%

.!

$'

%

**

?

+4

-

-

#%

-'

%

$'

#

-%

-"

$-

$.

!%

!'

%!

$%

%

.

-#

$ '

$%

*

*

;

1

+

4

$

"#

.

!'

!%

"'

-

-%

$.

"

$

.

#

#%

%$

"

"

%'

$%

*

*

+

4

%

-

"

%'

.%

"'

.

%#

%-

"

.%

#

#

$

.-

$$

"'

$%

*

;

L"

"

!'

.$

'

--

-$

!

--

"

"-

"!

'

-

$"

.

$$

"

#

'

%

>

;

2

.-

'

%$

'

-

%"

%

$

.-

"$

"%

%

%#

$

$'

%%

F009

AG, 9=889B!

4!#!

R""S

>

>4

@.A

I@

% A

6

+

>

6+

4

>

+

@!A

I@

. A

*

2

6

+

4

I

>

>4

I

>

>4

I

*

!

!

@;

I

;A

@*

A

@

:I

;A

@*

A

@

:I

;A

@*

A

@%

A

@$

A

@

A

@-

A

@.

A

@#

A

@

A

@!

A

@"

%A

@

%A

+

5

+4

H+

!

"

'

.

%

!

"'

""

$ '

-

.!

'

.

"#'

".

..'

"-

.'

"

;

1

+

4

H

+

+

"%

$

!'

-

#

.-

'

%

.#

$ '

-

"

'

%

#'

""

#.'

".

.'

"

+

4

H

+

+

!

$$'

.

.'

!%

-

%

%'

-

%

%'

!

!.'

"

..'

"

-'

"

+4

&

$%

-

-'

$

%

#

".

$-

$$'

$

"

%'

#'

".

..'

"$

$.'

"

;

1

+

4

%

%.

#

-'

%

.-

%"

-

$

'

%

"!

'

-

%#'

"

#.'

"!

..'

"

+

4

$

-

$

'

$!

%

$ '

%'

-

"#'

"$

..'

"-

".'

"

**

?

+4

-

$-

$$'

!

-

!

%.'

#

!

'

.

!.'

"-

..'

"

.'

"

;

1

+

4

**

$#

$'

-

#%

!'

.#

!#

.%

#'

#

#

'

"

"#'

"

..'

"$

.'

"

+

4

**

#%

%%

$%'

"%

"

%%

.'

#

!"

%'

.'

"

-.'

".

--'

"

*

;

L

%"

--

"'

"

-#

#.

"

!$

%

'

!"

$%'

-

-.'

""

!-'

"$

!-'

"

2

*

;

%

.$

#'

%"

.

%'

#

.

'

$#'

"$

"#'

"!

$.'

"

V

7

i

"/

/"/Q

7

i

"

%$

"""

/"/Q

i

$.

""$Q

i

$.

"$

/"/1

#7A??DC)#099#Z@0=Z

>4

+

4

>

>4

6

6

,

+

4

>

>4

@-A

I@

" A

@;A

@*

A

@

A

@

A

@

:I

;A

@

:I

;A

@

:I

;A

@*

A

@

:I

;A

@

:I

;A

@*

A

@ A

@%A

@$A

@A

@-A

@.A

@#A

@A

@!A

@"

A

@ A

""

""

(

%

$-'

""'

.

.'

$

-

-

""'

"#

%%

"

-

"

#'

%

""

"-

(

"

""

-

.-

%.

'

$'

#%

'

"!

#%

"

!#

%

""'

"-

#$

%

#$

.-

$'

%%

""

""

%(

"

"-

'

.%

$'

#

.

##

.#

#

"

$

'

%

""

"-

%(

"

""

%.

!-

.

-'

%

%'

!%

#'

$

.%

%

$.

%%

"

$

-

.'

%%

""

""

$(

"

"-

%.'

$

'

"-

%"

-#

%%

"-

#%

"'

"

-

!

.

#$

$'

%%

""

"-

$(

"

""

$"

.!

.'

$$

'

-

!%

%

$!

%

%$

$#

#$

%"

.#

!$

.'

%%

""

""

(

"

"-

$ '

-$

!'

%-

!#

$#

$

#$

$

%!

.

#%

%'

%%

""

"-

(

"

""

$

.

'

.$

!'

$-

$

%

"

$

!#

%

$-

#

-

!'

%

""

""

-(

"

"-

'

.$

#'

-

!

$#

%

#

-

$

$

$

#.

#-

#'

%

""

"-

-(

"

""

-'

#$

'

--

$

%

-

.'

#.

#$

#'

%

""

""

.(

"

"-

-#'

#$

'

--

"

$#

-"

!

-

"!

.

'

"

-!

$#

"

!.

#'

%

""

"-

.(

"

""

."'

$

"'

.-

%

%

.

.

$-

-

#'

%

""

""

#(

"

"-

.%'

$

-'

.-

$"

$#

.

%

--

%

#'

#

#!

$$

'

%

""

"-

#(

"

""

##

#'

'

#$

"'

.-

#%

$%

#

!

#-

"%

-

!'

%

""

""

(

"

"-

#%'

$

-'

.-

""

#

#"

%#

-

"

.

!

-

'

%%

(

""

"

!'

$

-'

#-

"$

%

!%

#$

.

-

#

$'

%%

&.

$#

%-

""'

""

$'

$$

!'

-

%!

.$

.-

Documents

KÖRKÉP REFORM UTÁN Tanulmányok a nyugdíjrendszerről