Economic Security and the Economics of Life and Health Insurance</ti= tle>  <link rel=3DPresentation-XML href=3D"retirement_files/pres.xml"> <meta name=3DDescription content=3D"4/2/2007: Retirement plans"> <meta http-equiv=3Dexpires content=3D0> <![if !ppt]><script>  </script> <![endif]> </head> <body> <script></script><font face=3DArial size=3D2><b> <p>This presentation contains content that your browser may not be able to = show properly. This presentation was optimized for more recent versions of Micro= soft Internet Explorer.</p> <p>If you would like to proceed anyway, click <a href=3D"retirement_files/frame.htm">here</a>.</p> </b></font><script></script> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\master08.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DRobots content=3DNoIndex> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]><script src=3Dscript.js></script><script>  </script> <![endif]> </head> <body> <div v:shape=3D"_x0000_m1031" class=3DT><span lang=3DEN-US style=3D'mso-far= east-language: ZH-CN'>Click to edit Master title style</span></div> <div v:shape=3D"_x0000_m1032"> <div class=3DB><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Clic= k to edit Master text styles </span></div> <div class=3DB1><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Sec= ond level </span></div> <div class=3DB2><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Thi= rd level </span></div> <div class=3DB3><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Fou= rth level </span></div> <div class=3DB4><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Fif= th level</span></div> </div> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right'><span la= ng=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;mso-ansi-language:EN-US;mso-field-code:meta0'>‹da= te/time›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center'><span l= ang=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;mso-ansi-language:EN-US;mso-field-code:meta15'>‹f= ooter›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <div v:shape=3D"_x0000_s1039" class=3DO><span lang=3DZH-CN style=3D'font-fa= mily:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:42%; color:white;mso-color-index:0;mso-ansi-language:EN-US;mso-field-code:meta16= '><b>‹#›</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;color:white;mso-color-index:0;mso-fareast-language:ZH-C= N; mso-special-format:lastCR'><b> </b></span></div> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" <xml xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation"> <p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/> <o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"1"/> <o:regrouptable v:ext=3D"edit"> <o:entry new=3D"1" old=3D"0"/> <o:entry new=3D"2" old=3D"0"/> </o:regrouptable> </o:shapelayout><p:colorscheme colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF= "/> <v:background id=3D"_x0000_s1025" o:bwmode=3D"white" fillcolor=3D"white [0= ]"/> <p:shaperange id=3D"_x0000_s1052"> <v:group id=3D"_x0000_s1052" style=3D'position:absolute;left:0;top:0;widt= h:600pt; height:540pt' coordsize=3D"4800,4320"> <v:group id=3D"_x0000_s1050" style=3D'position:absolute;width:2016;heigh= t:4320' coordsize=3D"2016,4320" o:userdrawn=3D"t"> <v:rect id=3D"_x0000_s1027" style=3D'position:absolute;width:480;height= :4320; mso-wrap-style:none;v-text-anchor:middle' o:regroupid=3D"2" o:userdraw= n=3D"t" fillcolor=3D"#9c9 [5]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:rect><v:shape id=3D"_x0000_s1048" style=3D'position:absolute;left:2= 88; width:1728;height:735;mso-wrap-style:none;mso-wrap-distance-left:0; mso-wrap-distance-top:0;mso-wrap-distance-right:0; mso-wrap-distance-bottom:0;v-text-anchor:top' coordsize=3D"1728,735" o:userdrawn=3D"t" path=3D"m1728,r,480l380,482r-26,-2l308,489v-18,9,-45= ,24,-62,42c229,549,215,574,206,597v-9,23,-12,46,-14,69l192,735,,735,,480,,,= 1728,xe" fillcolor=3D"#9c9 [5]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:stroke joinstyle=3D"miter"/> <v:shadow color=3D"#669 [2]"/> <v:path arrowok=3D"t"/> </v:shape></v:group><v:group id=3D"_x0000_s1045" style=3D'position:abso= lute; left:144;top:1248;width:4656;height:201' coordorigin=3D"144,1248" coordsize=3D"4656,201"> <v:roundrect id=3D"_x0000_s1036" style=3D'position:absolute;left:384;to= p:1248; width:4416;height:200;mso-wrap-style:none;v-text-anchor:middle' arcsiz= e=3D"0" fillcolor=3D"#036 [6]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:roundrect><v:shapetype id=3D"_x0000_t135" coordsize=3D"21600,21600"= o:spt=3D"135" path=3D"m10800,qx21600,10800,10800,21600l,21600,,xe"> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect" textboxrect=3D"0,= 3163,18437,18437"/> </v:shapetype><v:shape id=3D"_x0000_s1044" type=3D"#_x0000_t135" style= =3D'position:absolute; left:144;top:1248;width:248;height:201;flip:x;mso-wrap-style:none; mso-wrap-distance-left:0;mso-wrap-distance-right:0;v-text-anchor:middl= e' fillcolor=3D"#036 [6]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:shape></v:group></v:group></p:shaperange> <p:shaperange id=3D"_x0000_m1031"> <v:shapetype id=3D"_x0000_m1031" style=3D'position:absolute;left:60pt;top= :60pt; width:624pt;height:90pt;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"2" adj=3D"4680" path=3D"m@0,qx0@0l0@2qy@0,21600l@= 1,21600qx21600@2l21600@0qy@1,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1= ]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:formulas> <v:f eqn=3D"val #0"/> <v:f eqn=3D"sum width 0 #0"/> <v:f eqn=3D"sum height 0 #0"/> <v:f eqn=3D"prod @0 2929 10000"/> <v:f eqn=3D"sum width 0 @3"/> <v:f eqn=3D"sum height 0 @3"/> <v:f eqn=3D"val width"/> <v:f eqn=3D"val height"/> <v:f eqn=3D"prod width 1 2"/> <v:f eqn=3D"prod height 1 2"/> </v:formulas> <v:path gradientshapeok=3D"t" limo=3D"10800,10800" o:connecttype=3D"cust= om" o:connectlocs=3D"@8,0;0,@9;@8,@7;@6,@9" textboxrect=3D"@3,@3,@4,@5"/> <v:handles> <v:h position=3D"#0,topLeft" switch=3D"" xrange=3D"0,10800"/> </v:handles> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"title"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_m1032"> <v:shapetype id=3D"_x0000_m1032" style=3D'position:absolute;left:66pt;top= :186pt; width:605.75pt;height:293.25pt' coordsize=3D"21600,21600" o:master=3D"" = o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" s= troked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"body" position=3D"1"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1037"> <v:shapetype id=3D"_x0000_s1037" style=3D'position:absolute;left:192pt;to= p:492pt; width:167.75pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"dateTime" position=3D"2" size=3D"half"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1038"> <v:shapetype id=3D"_x0000_s1038" style=3D'position:absolute;left:456pt;to= p:492pt; width:228.125pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"footer" position=3D"3" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1039"> <v:shapetype id=3D"_x0000_s1039" style=3D'position:absolute;left:6.625pt;= top:491.5pt; width:46.25pt;height:38.5pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom-center' coordsize=3D"2160= 0,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"slideNumber" position=3D"4" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1053"> <v:shapetype id=3D"_x0000_t75" coordsize=3D"21600,21600" o:spt=3D"75" o:preferrelative=3D"t" path=3D"m@4@5l@4@11@9@11@9@5xe" filled=3D"f" stro= ked=3D"f"> <v:stroke joinstyle=3D"miter"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"= /> <o:lock v:ext=3D"edit" aspectratio=3D"t"/> </v:shapetype><v:shape id=3D"_x0000_s1053" type=3D"#_x0000_t75" href=3D"javascript:parent.GoToSld('slide0002.htm');" style=3D'position:a= bsolute; left:690pt;top:510pt;width:13.5pt;height:13.5pt' o:userdrawn=3D"t"> <v:fill o:detectmouseclick=3D"t"/> <v:imagedata src=3D"master08_image001.gif" o:title=3D"ipp_0005"/> <p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"257,2,Objectiv= es"/> </v:shape></p:shaperange> </xml> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/preview.wmf Content-Transfer-Encoding: base64 Content-Type: image/x-wmf AQAJAAADMgUAAAYACgEAAAAABAAAAAMBCAAFAAAACwIAAAAABQAAAAwC3QXRBwMAAAAeAAcAAAD8 AgAA////AAAABAAAAC0BAAAIAAAA+gIFAAAAAAD///8ABAAAAC0BAQAOAAAAJAMFAP///////9wF 0AfcBdAH////////CAAAAPoCAAAAAAAAAAAAAAQAAAAtAQIABAAAAC0BAAAEAAAAJwH//wMAAAAe AAcAAAD8AgAAmcyZAAAABAAAAC0BAwAEAAAALQEBAA4AAAAkAwUA////////3AXoA9wF6AP///// //8EAAAALQECAAQAAAAtAQAABAAAACcB//8EAAAA8AEDAAMAAAAeAAcAAAD8AgAA////AAAABAAA AC0BAwAEAAAABgEBAAQAAAAtAQEACgEAACQDgwBmAdgAWwHZAFEB2QBGAdsAPAHcADIB3wAoAeIA HgHlABUB6QAMAe0AAwHxAPoA9gDxAPwA6QACAeEACAHaAA4B0wAVAcwAHAHFACQBvwAsAbkANAG0 AD0BrwBFAaoATgGmAFcBogBhAZ8AawGcAHQBmgB/AZgAiQGXAJMBlgCeAZYAqQGWALMBlwC+AZgA yAGaANMBnADdAZ8A5wGiAPABpgD6AaoAAwKvAAwCtAAVArkAHQK/ACUCxQAtAswANQLTADwC2gBD AuEASQLpAFAC8QBVAvoAWwIDAWACDAFkAhUBaQIeAWwCKAFwAjIBcgI8AXUCRgF2AlEBeAJbAXkC ZgF5AjMEeQI9BHkCSAR4AlIEdgJdBHUCZwRyAnEEcAJ6BGwChARpAo0EZAKWBGACnwRbAqcEVQKv BFACtwRJAr8EQwLGBDwCzQQ1AtMELQLaBCUC3wQdAuUEFQLqBAwC7gQDAvME+gH2BPAB+gTmAfwE 3QH/BNMBAAXIAQIFvgEDBbMBAwWpAQMFngECBZMBAAWJAf8EfwH8BHQB+gRrAfYEYQHzBFcB7gRO AeoERQHlBD0B3wQ0AdoELAHTBCQBzQQcAcYEFQG/BA4BtwQIAa8EAgGnBPwAnwT2AJYE8QCNBO0A hATpAHoE5QBwBOIAZwTfAF0E3ABSBNsASATZAD0E2AAzBNgAZgHYAAQAAAAtAQIABAAAAAYBAQAE AAAALQEAAAQAAAAnAf//BAAAAPABAwADAAAAHgAHAAAA/AIAAAAzZgAAAAQAAAAtAQMABAAAAAYB AQAEAAAALQEBABYAAAAkAwkADgctBA4HLQQOB3IEDgdyBBoDcgQaA3IEGgMtBBoDLQQOBy0EBAAA AC0BAgAEAAAABgEBAAQAAAAtAQAABAAAACcB//8DAAAAHgAEAAAALQEDAAQAAAAGAQEABAAAAC0B AQBEAAAAJAMgACgHLQQrBy0ELgcuBDEHLwQzBzAENgcxBDgHMwQ6BzUEPAc3BEAHPARCB0IEQwdG BEQHSQREB0wERQdQBEQHUwREB1cEQwdaBEIHXQRAB2MEPAdpBDoHawQ4B20ENgdvBDMHcAQxB3EE LgdyBCsHcwQoB3MEDAdzBAwHLQQoBy0EBAAAAC0BAgAEAAAABgEBAAQAAAAtAQAABAAAACcB//8c AAAA+wLk/wAAAAAAAJABAAAAAABAAABBcmlhbAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAQA AAAtAQQABAAAAC4BGAAEAAAAAgEBAAUAAAAJAv///wINAAAAMgquBWQDBAAAADIwMDcQAA8ADwAQ AAQAAAAuAQAAHAAAAPsCEAAHAAAAAAC8AgAAAIYBAgIiU3lzdGVtAAAAAAAAGAAAAHBpEwACAAAA 5AQAAAAAAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQAQAAAAAAQAAAQXJpYWwAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8C CQAAADIKrgWiAwEAAAAtAAkABAAAAC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQ AQAAAAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgA BAAAAAIBAQAFAAAACQL///8CCQAAADIKrgWrAwEAAAA0ABAABAAAAC4BAAAEAAAALQEFAAQAAADw AQQAHAAAAPsC5P8AAAAAAACQAQAAAAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8CCQAAADIKrgW7AwEAAAAtAAgABAAA AC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQAQAAAAAAQAAAQXJpYWwAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8CCQAA ADIKrgXDAwEAAAAyABAABAAAAC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQAQAA AAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAA AAIBAQAFAAAACQIAM2YCJwAAADIKrgU/BhUAAABjb3B5cmlnaHQgbWFjbWlubi5vcmcADgAPABAA DQAJAAYAEAAQAAgABwAYAA8ADQAYAAYADwAQAAgADwAJABAABAAAAC4BAAAEAAAALQEFAAQAAADw AQQAHAAAAPsC5P8AAAAAAAC8AgAAAAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8CCQAAADIKsgUlAAEAAAAxABAABAAA AC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsCnP8AAAAAAAC8AgAAAAAAQAAAQXJpYWwAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQIAM2YCHwAA ADIKywGEAhAAAABSZXRpcmVtZW50IHBsYW5zSAA4ACEAHAAnADgAWQA4AD0AIQAcAD0AGwA4AD0A OAAEAAAALgEAAAQAAAAtAQUABAAAAPABBAAcAAAA+wLZ/wAAAAAAAJABAAAAAABAAABBcmlhbAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAQAAAAtAQQABAAAAC4BGAAEAAAAAgEBAAUAAAAJAgAz ZgIeAAAAMgr8Ax0FDwAAAFJpY2hhcmQgTWFjTWlubnMcAAkAFAAVABYADQAVAAsAIAAWABMAIQAI ABYAFgAEAAAALgEAAAQAAAAtAQUABAAAAPABBAAIAAAA+gIAAAEAAAAAM2YCBAAAAC0BBAAFAAAA FAIABB0FBQAAABMCAARMBgQAAAAtAQIABAAAAPABBAADAAAAAAA= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08_image001.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhDwAPAHcAACH/C01TT0ZGSUNFOS4wGAAAAAxtc09QTVNPRkZJQ0U5LjAgJPn1cgAh/wtN U09GRklDRTkuMBgAAAAMY21QUEpDbXAwNzEyAAAAA0gAc7wAIfkEAQAAAAAsAAAAAA8ADwCEwMDA a2s5Y2Mxc3M5a2sxhIxKc3tCe4RCa3M5e4RKjJxShJRSe4xKc4RCnLVjlK1ajKValK1jrc57pcZz nL1rrdZ7td6EAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAABXwgIIrRAynLqAJUS0XQUhwrNd2t uSTGaEsVHGzBMCBEtool+IoVjIDIryKZNHeHgODhsOEcERQPIYBEui1wjHEYEAgKc2RuEhsFgsUi DunrEw0GWgQABXqHBQltAQQCIgmQiZAGA1p4IwaZmQMIg44qCJ0BlpcrIo14hCohADs= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\master09.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DRobots content=3DNoIndex> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]><script src=3Dscript.js></script><script>  </script> <![endif]> </head> <body> <div v:shape=3D"_x0000_s8194" class=3DO style=3D'text-align:center'><span l= ang=3DZH-CN style=3D'font-family:SimSun;mso-ascii-font-family:"Times New Roman";mso-far= east-font-family: SimSun;mso-hansi-font-family:"Times New Roman";layout-flow:vertical;mso-ans= i-language: EN-US;mso-special-format:lastCR'> </span></div> <div v:shape=3D"_x0000_s8195" class=3DO style=3D'text-align:center'><span l= ang=3DZH-CN style=3D'font-family:SimSun;mso-ascii-font-family:"Times New Roman";mso-far= east-font-family: SimSun;mso-hansi-font-family:"Times New Roman";layout-flow:vertical;mso-ans= i-language: EN-US;mso-special-format:lastCR'> </span></div> <div v:shape=3D"_x0000_m8197" class=3DCB><span lang=3DEN-US style=3D'mso-fa= reast-language: ZH-CN'>Click to edit Master </span><span lang=3DEN-US style=3D'mso-fareast-= language: ZH-CN'>subtitle style</span></div> <div v:shape=3D"_x0000_s8206" class=3DO style=3D'text-align:right'><span la= ng=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta0'>‹date/time›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-f= amily: Arial;font-size:42%;color:white;mso-color-index:0;mso-fareast-language:ZH-C= N; mso-special-format:lastCR'> </span></div> <div v:shape=3D"_x0000_s8207" class=3DO style=3D'text-align:right'><span la= ng=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;mso-ansi-language:EN-US;mso-field-code:meta15'>‹f= ooter›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <div v:shape=3D"_x0000_s8209" class=3DO><span lang=3DZH-CN style=3D'font-fa= mily:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:42%; color:white;mso-color-index:0;mso-ansi-language:EN-US;mso-field-code:meta16= '><b>‹#›</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;color:white;mso-color-index:0;mso-fareast-language:ZH-C= N; mso-special-format:lastCR'><b> </b></span></div> <div v:shape=3D"_x0000_m8211" class=3DCT><span lang=3DEN-US style=3D'mso-fa= reast-language: ZH-CN'>Click to edit Master title style</span></div> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" <xml xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation"> <p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/> <o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"8"/> <o:regrouptable v:ext=3D"edit"> <o:entry new=3D"1" old=3D"0"/> <o:entry new=3D"2" old=3D"0"/> </o:regrouptable> </o:shapelayout><p:colorscheme colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF= "/> <v:background id=3D"_x0000_s8193" o:bwmode=3D"white" fillcolor=3D"white [0= ]"/> <p:shaperange id=3D"_x0000_s8213"> <v:group id=3D"_x0000_s8213" style=3D'position:absolute;left:0;top:0;widt= h:462pt; height:540pt' coordsize=3D"3696,4320"> <v:rect id=3D"_x0000_s8194" style=3D'position:absolute;width:2880;height= :4320; mso-wrap-style:none;v-text-anchor:middle' o:regroupid=3D"2" fillcolor= =3D"#9c9 [5]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:rect><v:roundrect id=3D"_x0000_s8195" style=3D'position:absolute;lef= t:432; top:624;width:3264;height:1200;mso-wrap-style:none;v-text-anchor:middle' arcsize=3D".5" o:bwmode=3D"white" o:regroupid=3D"2" fillcolor=3D"white = [0]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:roundrect></v:group></p:shaperange> <p:shaperange id=3D"_x0000_s8210"> <v:group id=3D"_x0000_s8210" style=3D'position:absolute;left:286pt;top:38= 5pt; width:384pt;height:25.125pt' coordorigin=3D"2288,3080" coordsize=3D"3072= ,201" o:regroupid=3D"2"> <v:roundrect id=3D"_x0000_s8204" style=3D'position:absolute;left:2288;to= p:3080; width:2914;height:200;flip:x;mso-wrap-style:none;v-text-anchor:middle' arcsize=3D"0" o:regroupid=3D"1" fillcolor=3D"#036 [6]" stroked=3D"f" st= rokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:roundrect><v:shapetype id=3D"_x0000_t135" coordsize=3D"21600,21600" = o:spt=3D"135" path=3D"m10800,qx21600,10800,10800,21600l,21600,,xe"> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect" textboxrect=3D"0,3= 163,18437,18437"/> </v:shapetype><v:shape id=3D"_x0000_s8205" type=3D"#_x0000_t135" style= =3D'position:absolute; left:5196;top:3080;width:164;height:201;mso-wrap-style:none; mso-wrap-distance-left:0;mso-wrap-distance-right:0;v-text-anchor:middle' o:regroupid=3D"1" fillcolor=3D"#036 [6]" stroked=3D"f" strokecolor=3D"#= 036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:shape></v:group></p:shaperange> <p:shaperange id=3D"_x0000_m8197"> <v:shapetype id=3D"_x0000_m8197" style=3D'position:absolute;left:368pt;to= p:230.5pt; width:316pt;height:143.5pt;v-text-anchor:bottom' coordsize=3D"21600,2160= 0" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"subTitle" position=3D"1"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s8206"> <v:shapetype id=3D"_x0000_s8206" style=3D'position:absolute;left:192pt;to= p:492pt; width:167.75pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"dateTime" position=3D"2" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s8207"> <v:shapetype id=3D"_x0000_s8207" style=3D'position:absolute;left:456pt;to= p:492pt; width:228.125pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"footer" position=3D"3" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s8209"> <v:shapetype id=3D"_x0000_s8209" style=3D'position:absolute;left:6pt;top:= 492pt; width:46.25pt;height:38.5pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"slideNumber" position=3D"4" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_m8211"> <v:shapetype id=3D"_x0000_m8211" style=3D'position:absolute;left:54pt;top= :78pt; width:9in;height:150pt;mso-wrap-distance-left:0;mso-wrap-distance-right:= 0; v-text-anchor:middle' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"2= " adj=3D"10800" path=3D"m@0,qx0@0l0@2qy@0,21600l@1,21600qx21600@2l21600@0qy@1,xe" filled= =3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:formulas> <v:f eqn=3D"val #0"/> <v:f eqn=3D"sum width 0 #0"/> <v:f eqn=3D"sum height 0 #0"/> <v:f eqn=3D"prod @0 2929 10000"/> <v:f eqn=3D"sum width 0 @3"/> <v:f eqn=3D"sum height 0 @3"/> <v:f eqn=3D"val width"/> <v:f eqn=3D"val height"/> <v:f eqn=3D"prod width 1 2"/> <v:f eqn=3D"prod height 1 2"/> </v:formulas> <v:path gradientshapeok=3D"t" limo=3D"10800,10800" o:connecttype=3D"cust= om" o:connectlocs=3D"@8,0;0,@9;@8,@7;@6,@9" textboxrect=3D"@3,@3,@4,@5"/> <v:handles> <v:h position=3D"#0,topLeft" switch=3D"" xrange=3D"0,10800"/> </v:handles> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"centerTitle" size=3D"quarter"/> </v:shapetype></p:shaperange> </xml> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master02.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\master02.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DRobots content=3DNoIndex> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]><script src=3Dscript.js></script><script>  </script> <![endif]><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"113"/> </o:shapelayout> </head> <body> <p:colorscheme colors=3D"#FFFFFF,#000000,#808080,#000000,#BBE0E3,#333399,#009999,#99CC00"= /><v:background id=3D"_x0000_s115713" o:bwmode=3D"white" fillcolor=3D"white [0]"> <v:fill color2=3D"#339 [5]"/> </v:background><v:shapetype id=3D"_x0000_s115714" style=3D'position:absolut= e; left:0;top:0;width:234pt;height:35.875pt' coordsize=3D"21600,21600" o:mast= er=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#= bbe0e3 [4]" stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"header" size=3D"quarter"/></v:shapetype> <div v:shape=3D"_x0000_s115714" class=3DO><span lang=3DZH-CN style=3D'font-= family:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:50%; mso-ansi-language:EN-US;mso-field-code:meta14'>‹header›</span><= span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <v:shapetype id=3D"_x0000_s115715" style=3D'position:absolute;left:305.875p= t;top:0; width:234pt;height:35.875pt' coordsize=3D"21600,21600" o:master=3D"" o:spt= =3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#bbe0e3 [4]" = stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"dateTime" position=3D"1" size=3D"quarter"/></v:shap= etype> <div v:shape=3D"_x0000_s115715" class=3DO style=3D'text-align:right'><span lang=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-= hansi-font-family: Arial;font-size:50%;mso-ansi-language:EN-US;mso-field-code:meta0'>‹da= te/time›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <v:shapetype id=3D"_x0000_s115716" style=3D'position:absolute;left:0;top:68= 1.875pt; width:234pt;height:35.875pt;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" = fillcolor=3D"#bbe0e3 [4]" stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"footer" position=3D"2" size=3D"quarter"/></v:shapet= ype> <div v:shape=3D"_x0000_s115716" class=3DO><span lang=3DZH-CN style=3D'font-= family:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:50%; mso-ansi-language:EN-US;mso-field-code:meta15'>‹footer›</span><= span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <v:shapetype id=3D"_x0000_s115717" style=3D'position:absolute;left:305.875p= t;top:681.875pt; width:234pt;height:35.875pt;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" = fillcolor=3D"#bbe0e3 [4]" stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"slideNumber" position=3D"3" size=3D"quarter"/></v:s= hapetype> <div v:shape=3D"_x0000_s115717" class=3DO style=3D'text-align:right'><span lang=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-= hansi-font-family: Arial;font-size:50%;mso-ansi-language:EN-US;mso-field-code:meta16'>‹#= ›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/pres.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" <xml xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation"> <p:presentation sizeof=3D"screen" notessizey=3D"5743" gridspacingx=3D"4915= 2" gridspacingy=3D"49152"> <p:master id=3D"8" slidesn=3D"1C415C0,B57D7A20" type=3D"main" href=3D"mas= ter08.htm" xmlhref=3D"master08.xml" template=3D"Capsules" layout=3D"title_body" slots=3D"title,body,dateTime,footer,slideNumber"> <p:schemes> <p:colorscheme colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC9= 9FF"/> <p:colorscheme colors=3D"#FFFFFF,#000000,#808000,#000000,#FFCC99,#99CC00,#336600,#FFC= C00"/> <p:colorscheme colors=3D"#6699FF,#FFFFFF,#006699,#FFFFFF,#33CCCC,#006699,#99CC00,#FFF= FCC"/> <p:colorscheme colors=3D"#FFFFFF,#000000,#006600,#9900CC,#33CC33,#FFCC66,#0033CC,#CC0= 066"/> <p:colorscheme colors=3D"#336699,#FFFFFF,#000066,#FFFFEB,#99CCFF,#9999FF,#CCCCFF,#C68= DFF"/> <p:colorscheme colors=3D"#006666,#FFFFFF,#808000,#FFFFFF,#FFCC66,#00ACA8,#CCCC00,#33C= CCC"/> <p:colorscheme colors=3D"#660033,#FFFFFF,#FFFFCC,#FFFFFF,#FF9900,#CC3300,#FFCC00,#FFC= C99"/> <p:colorscheme colors=3D"#000000,#FFFFFF,#FF0000,#FFFFFF,#FFCC00,#CC3300,#FF6600,#FF7= C80"/> </p:schemes> </p:master> <p:master id=3D"9" slidesn=3D"1C415C0,B57D7A20" type=3D"title" href=3D"ma= ster09.htm" xmlhref=3D"master09.xml" layout=3D"title_subtitle" slots=3D"centerTitle,subTitle,dateTime,footer,slideNumber"/> <p:master id=3D"1" slidesn=3D"1C3DAB8,921FEFB0" type=3D"notes" href=3D"ma= ster01.htm" layout=3D"notes" slots=3D"header,dateTime,slideImage,body,footer,slideNu= mber"/> <p:master id=3D"2" slidesn=3D"1C3DAED,1E6B03E0" type=3D"handout" href=3D"= master02.htm" layout=3D"handout" slots=3D"header,dateTime,footer,slideNumber"/> <p:slide id=3D"1" slidesn=3D"1C3D6CC,72E1A9D0" href=3D"slide0001.htm" masterhref=3D"master09.htm" layout=3D"title_subtitle" slots=3D"centerTitle,subTitle"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:headersfooters slidenumber=3D"t" footerstr=3D"copyright macminn.org" formatid=3D"0" nouserdate=3D"t" noheader=3D"t" todaydate=3D"t"/> </p:slide> <p:slide id=3D"2" slidesn=3D"1C3D6CC,A85DFC30" href=3D"slide0002.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"38" slidesn=3D"1C4198F,D1E52690" href=3D"slide0038.htm" layout=3D"column_2_rows" slots=3D"title,body,object,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"47" slidesn=3D"1C53925,778C6530" href=3D"slide0047.htm" layout=3D"2_columns" slots=3D"title,body,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"39" slidesn=3D"1C41990,4DEB7C80" href=3D"slide0039.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"40" slidesn=3D"1C41994,5C2B91F0" href=3D"slide0040.htm" layout=3D"column_2_rows" slots=3D"title,body,object,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"41" slidesn=3D"1C41995,AF1DBE00" href=3D"slide0041.htm" layout=3D"2_columns" slots=3D"title,body,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"42" slidesn=3D"1C41995,AF1DBE00" href=3D"slide0042.htm" layout=3D"title_body" slots=3D"title,body" overridemasteranimations=3D"t= "> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"43" slidesn=3D"1C41995,AF1DBE00" href=3D"slide0043.htm" layout=3D"title_body" slots=3D"title,body" overridemasteranimations=3D"t= "> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"44" slidesn=3D"1C419A7,D3419560" href=3D"slide0044.htm" layout=3D"2_columns" slots=3D"title,body,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"46" slidesn=3D"1C419A7,D3419560" href=3D"slide0046.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"45" slidesn=3D"1C419A8,2F2AF100" href=3D"slide0045.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"52" slidesn=3D"1C7753F,556F5EA0" href=3D"slide0052.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"55AA384CA85A4BAAB84FB027A055A011"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"55AA384CA85A4BAAB84FB02= 7A055A011"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"Longevity risk is the risk of outliving your accumulated wealt= h."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:slide id=3D"49" slidesn=3D"1C7753D,F23F2D70" href=3D"slide0049.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"5CB86AED2D5642249FC8B80DBCA07F27"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"5CB86AED2D5642249FC8B80= DBCA07F27"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"A defined benefit plan covers longevity risk."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:slide id=3D"50" slidesn=3D"1C7753E,3003B540" href=3D"slide0050.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"5BD73F0063AD40F9A4A68DBBA8F3B6DD"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"5BD73F0063AD40F9A4A68DB= BA8F3B6DD"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"Employers are using defined contribution plans more than defin= ed benefit plans."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:slide id=3D"51" slidesn=3D"1C7753E,BD2A0BE0" href=3D"slide0051.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"091F16BC5B414F30AE7047D92FE7FE4B"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"091F16BC5B414F30AE7047D= 92FE7FE4B"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"The PBGC insures both defined benefit and defined contribution= plans."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:viewstate type=3D"slideView" scale=3D"66" restoredleft=3D"156" restore= dtop=3D"834" manualadjustleft=3D"t" manualadjusttop=3D"t" hideoutlineicons=3D"t"/> <p:tag name=3D"USESECONDARYMONITOR" type=3D"string" value=3D"True"/> <p:tag name=3D"BULLETTYPE" type=3D"string" value=3D"3"/> <p:tag name=3D"RESPCOUNTERSTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"INPUTSOURCE" type=3D"string" value=3D"1"/> <p:tag name=3D"BACKUPSESSIONS" type=3D"string" value=3D"True"/> <p:tag name=3D"REVIEWONLY" type=3D"string" value=3D"False"/> <p:tag name=3D"PARTICIPANTSINLEADERBOARD" type=3D"string" value=3D"5"/> <p:tag name=3D"BUBBLESIZEVISIBLE" type=3D"string" value=3D"True"/> <p:tag name=3D"CUSTOMGRIDBACKCOLOR" type=3D"string" value=3D"-2830136"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR3" type=3D"string" value=3D"-268652"/> <p:tag name=3D"DISPLAYDEVICENUMBER" type=3D"string" value=3D"True"/> <p:tag name=3D"AUTOSIZEGRID" type=3D"string" value=3D"True"/> <p:tag name=3D"CHARTCOLORS" type=3D"string" value=3D"0"/> <p:tag name=3D"MULTIRESPDIVISOR" type=3D"string" value=3D"1"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"ADDINALWAYSLOADED" type=3D"string" value=3D"False"/> <p:tag name=3D"TPVERSION" type=3D"string" value=3D"2006"/> <p:tag name=3D"DEFAULTPORT" type=3D"string" value=3D"1001"/> <p:tag name=3D"COUNTDOWNSTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"USEENTERPRISEMANAGER" type=3D"string" value=3D"False"/> <p:tag name=3D"CHARTVALUEFORMAT" type=3D"string" value=3D"0%"/> <p:tag name=3D"STDCHART" type=3D"string" value=3D"1"/> <p:tag name=3D"BUBBLEVALUEFORMAT" type=3D"string" value=3D"0.0"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR1" type=3D"string" value=3D"-657956"/> <p:tag name=3D"DISPLAYNAME" type=3D"string" value=3D"True"/> <p:tag name=3D"GRIDSIZE" type=3D"string" value=3D"{Width=3D800, Height=3D= 600}"/> <p:tag name=3D"RESETCHARTS" type=3D"string" value=3D"True"/> <p:tag name=3D"ALLOWUSERFEEDBACK" type=3D"string" value=3D"True"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"EXPANDSHOWBAR" type=3D"string" value=3D"True"/> <p:tag name=3D"ANSWERNOWTEXT" type=3D"string" value=3D"Answer Now"/> <p:tag name=3D"NUMRESPONSES" type=3D"string" value=3D"1"/> <p:tag name=3D"ROTATIONINTERVAL" type=3D"string" value=3D"2"/> <p:tag name=3D"BUBBLENAMEVISIBLE" type=3D"string" value=3D"True"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR2" type=3D"string" value=3D"-13395457"/> <p:tag name=3D"GRIDOPACITY" type=3D"string" value=3D"90"/> <p:tag name=3D"CHARTLABELS" type=3D"string" value=3D"0"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"CHARTSCALE" type=3D"string" value=3D"True"/> <p:tag name=3D"ANSWERNOWSTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"ALLOWDUPLICATES" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMSINLEADERBOARD" type=3D"string" value=3D"5"/> <p:tag name=3D"CUSTOMCELLFORECOLOR" type=3D"string" value=3D"-16777216"/> <p:tag name=3D"GRIDROTATIONINTERVAL" type=3D"string" value=3D"2"/> <p:tag name=3D"PARTLISTDEFAULT" type=3D"string" value=3D"0"/> <p:tag name=3D"AUTOADJUSTPARTRANGE" type=3D"string" value=3D"True"/> <p:tag name=3D"RESPCOUNTERFORMAT" type=3D"string" value=3D"0"/> <p:tag name=3D"AUTOADVANCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DEFAULTNUMTEAMS" type=3D"string" value=3D"5"/> <p:tag name=3D"GRIDPOSITION" type=3D"string" value=3D"1"/> <p:tag name=3D"REALTIMEBACKUP" type=3D"string" value=3D"False"/> <p:tag name=3D"REQUIREPASSWORD" type=3D"string" value=3D"False"/> <p:tag name=3D"AUTOUPDATEALIASES" type=3D"string" value=3D"True"/> <p:tag name=3D"USESCHEMECOLORS" type=3D"string" value=3D"True"/> <p:tag name=3D"INCLUDEPPT" type=3D"string" value=3D"True"/> <p:tag name=3D"RESPTABLESTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"BUBBLEGROUPING" type=3D"string" value=3D"3"/> <p:tag name=3D"INCLUDENONRESPONDERS" type=3D"string" value=3D"False"/> <p:tag name=3D"COUNTDOWNSECONDS" type=3D"string" value=3D"10"/> <p:tag name=3D"DISPLAYDEVICEID" type=3D"string" value=3D"True"/> <p:tag name=3D"ENABLEPRESENTERVPAD" type=3D"string" value=3D"False"/> <p:tag name=3D"POLLINGCYCLE" type=3D"string" value=3D"2"/> <p:tag name=3D"MAXRESPONDERS" type=3D"string" value=3D"5"/> <p:tag name=3D"BACKUPMAINTENANCE" type=3D"string" value=3D"7"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR4" type=3D"string" value=3D"-8355712"/> <p:tag name=3D"SHOWBARVISIBLE" type=3D"string" value=3D"True"/> <p:tag name=3D"REALTIMEBACKUPPATH" type=3D"string" value=3D"(None)"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"INCLUDESESSION" type=3D"string" value=3D"True"/> <p:font name=3D"Arial" charset=3D"0" type=3D"4"/> <p:font name=3D"Wingdings" charset=3D"2" type=3D"6" family=3D"2"/> <p:font name=3D"Times New Roman" charset=3D"0" type=3D"6" family=3D"18"/> <p:headersfooters slidenumber=3D"t" footerstr=3D"copyright macminn.org" formatid=3D"0" nouserdate=3D"t" noheader=3D"t" todaydate=3D"t"/> <p:headersfooters notes=3D"t" slidenumber=3D"t" formatid=3D"0"/> <p:pptdocumentsettings framecolors=3D"WhiteTextOnBlack" hideslideanimatio= n=3D"t" browsersupport=3D"v4"/> </p:presentation> <o:shapedefaults v:ext=3D"edit" spidmax=3D"272388"> <o:colormru v:ext=3D"edit" colors=3D"#3cc,#09c,#b2b2b2,#ddd,black,#f93"/> <o:colormenu v:ext=3D"edit" fillcolor=3D"none [1]" strokecolor=3D"none"/> </o:shapedefaults></xml> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0001.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0001.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Retirement plans"> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]> <style> .CB {color:#006666;} .CT {color:#003366;} </style> <style media=3Dprint>  </style> <script src=3Dscript.js></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"66"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master09.xml"> <p:shaperange href=3D"master09.xml#_x0000_s8193"/><![if !ppt]><p:shaperange href=3D"master09.xml#_x0000_s8213"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s8213,_x0000_s8194,_x0000_s8195" src=3D"master09_image0= 02.gif" style=3D'position:absolute;top:0%;left:0%;width:64.41%;height:100.5%'><![e= ndif]><p:shaperange href=3D"master09.xml#_x0000_s8210"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s8210,_x0000_s8204,_x0000_s8205" src=3D"master09_image0= 03.gif" style=3D'position:absolute;top:71.25%;left:39.7%;width:53.55%;height:5.0%'= ><![endif]><p:shaperange href=3D"master09.xml#_x0000_s8206"/> <div v:shape=3D"_x0000_s8206" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;color:white;mso-color-index:0;mso-ansi-language:EN-US;mso-field-code:m= eta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-index:0; mso-fareast-language:ZH-CN;mso-special-format:lastCR;display:none'> </= span></div> <p:shaperange href=3D"master09.xml#_x0000_s8207"/> <div v:shape=3D"_x0000_s8207" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master09.xml#_x0000_s8209"/> <div v:shape=3D"_x0000_s8209" class=3DO style=3D'position:absolute;top:95.= 5%; left:1.87%;width:4.49%;height:2.25%'><span lang=3DZH-CN style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-ind= ex: 0;mso-ansi-language:EN-US;mso-field-code:meta16'><b>1</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-index:0; mso-fareast-language:ZH-CN;mso-special-format:lastCR;display:none'><b> = ;</b></span></div> <![endif]><p:shaperange href=3D"master09.xml#_x0000_m8211"/><v:shape id=3D= "_x0000_s67590" type=3D"#_x0000_m8211" style=3D'position:absolute;left:54pt;top:78pt;widt= h:9in; height:150pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"centerTitle"/></v:shape><p:shaperange href=3D"master09.xml#_x0000_m8197"/><v:shape id=3D"_x0000_s67591" type=3D= "#_x0000_m8197" style=3D'position:absolute;left:368pt;top:330pt;width:316pt;height:44pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"subTitle" position=3D"1"/></v:shape> <div v:shape=3D"_x0000_s67590" class=3DCT style=3D'position:absolute;top:2= 4.5%; left:11.42%;width:82.2%;height:7.75%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Retirement plans</span></div> <div v:shape=3D"_x0000_s67591" class=3DCB style=3D'text-align:center;posit= ion:absolute; top:65.75%;left:52.05%;width:41.94%;height:3.25%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 50%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/"/><a href=3D"http://macminn.org/" target=3D"_= blank" onclick=3D"window.event.cancelBubble=3Dtrue;">Richard MacMinn</a></span><s= pan lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:50%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> </p:slide></div> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Comment on longe= vity risk.</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09_image002.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhWAGSAXcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAABX AZABgQAAAJnMmf///wECAwL/jI+py+0Po5y02ouzlqD7D4biSJZmuaXqyrbuC6fnTNd2GOf6zve+ dgsKh52f8YhMKi3EphO1jEqnVNjzigVUt9yud5ENE7/ksvkoTt/O7LZbpY7P3vS6vSHPk+78/lsP COI3SOgVeKhVqLiohBjICBnJ4wgoaXnJQqmHydnJpCnnKTqKBxpHippqepra6rmq5iqLCZs2extZ K4bLq6gb1hvs95slbGxHjHW87JZ8xQxt5vwUXW043WStXYWdvf291D0GTo4mLlSe7nOOru6ewx70 Pv8Sv0aPD2dfk98PtE/Dn8BPAE8MPMihoEGEDEsphNIwIoKHJiRaNEAR4sWG/xn3bIzYccRHkCFx jGRY0uTJgykFrWTZ0sNLmDETzfRXs8hNnDl38qzps19Om0HnDS2K7yhSoz2XvlPqVB3UqOWmUgVn 9eq2rJcEeP0KNqzYsWTLmj2LNq3atWzbun3rVhcmuHTr2r2LN6/evV5BSeILOLDgwYQLC0DEyLDi xYwbO65EyLHkyZQr080zyLLmzZw7s7rTObTo0Yx3gSaNOrXqu8DqrH4NO3ZaZW9k276N+5kb3Lx7 v3ay27fw4aG9mSGOPLnlcWWUO3/euB0Z6NSrD5Y33br27XjveeEOPvxbG1/Emz+Pll8X9Ozbhw3I xb389vCrzL+Pfs4W/PzFL/+k0l+A4FUEoIAGaqfREgcuWF2CSjAI4XMeRRFhhcqJJIWFGg6HoYIb ftibCBmCSKJtInpYYoqwqZSEii6uxuIRL86Ymkst0ohjcR88mGOPnO14o49CUgakjEMeKVmRRiDJ ZHQ6GdlklITJBKWUVgJG5ZJXbsnXkz9wCWZeXvoQZpl1jcmDmWqOR1QPa77JVptpwknnWXLuUGee ZN2pg55+gsVnDn8OGigMgxKq5aF6FvqCon4y6oKjfiYqKZ2UVvrmpZiqqemmZXbqKZighrrlqKRK CWkLp5qZKgurltmqq69yGesKs9Ja5a1R1qqCrlfymoKvVgK7gbC7ElussUj/ojmnskMyi6ezzyKr gbRCZmmqtSRi+6W2OHLbrbcuKpmtuBWSG66526Kbrrob2oiEu+uCW668/cWYq70M4puvvgKeiKK/ BwIcsMD3EsyjwQcjnLDC9004osPyOdiwxPlRXLHF/mGcscbb/WefxwOCXKDICOoXn8kN1peyys6R V57LF6oXs8zCYZedzbxJl7POsg3Rhs+xMXeG0DASXbTRo1FDh9KeMd2005UVc5rUTtLGh9WK2ZKZ 1oF91rXX3YWSmNhsbhKJ2Wo5wona7/lFitS/aFVVU3R/w9Xd0OSt9zJ8923M34AHI/jgvBRu+C2I Jy7L4oy34vjjqEQu+SiU/1f+it2Y93L55rRo7rnioIfe+OikQ2766ZOnrrrlrLeeOVCwu9L57IXU bvsguOfex+683+H773UEL/wfrxfPCPHIs6H88tIc7zwhzUf/xfTUd2H99Vtkrz0V3HcvxffghwP9 +HSIbz4S6KdvxPrsr1P++2e4L/8O9NcPT/z4V6///tj377/tATCA3hsgAcNnwAOST3YKbMP9GiiD BELQHAycYBkeaEEMYDCDBIkJBy8owQ/aL4QizF8FS8gNEqKwHipcYQs26EIHwDCGDJghDRVgwxtO pIU6/McJe0hBDwKxETwcYgdbYsQk5BCIS+xhE3X4xBtGkYZTjGEVXXjFFf9mEYVbLGEXRfjFD4aR g2PMYBkteMYJphGCa2xgGxX4xgPGkYBzDGAd/XfH/eURf3usXx/l98f3BZJ9g0xfIc13yPElEnyL 7F4jtffI60WSepOMXiWdd8nlZRJ5myxeJ4X3yd+FknejzF0pbXfK2aUSdqtsXStV98rTxZJ0swxd LT13y83lEnO7rFwvJffLxwWTccNMXDENd8zBJRNwy+xbM/X2zLtFk27T1Eo1r3JNqmQzKtt0SjeX 8k2khLMo4wxKOX1yzp2k8ybrnEk7X/LOlcTzJPMcST0/cs+N5PMi+7RIPyXyT5L8MImTKCJBEzLQ g5pQiArtQUA5YtCGyjC3ohKtIUUrisOLYnSHCd3oCh6KEo16NAAgRUhJacLQkbrgpANhqUBc+pOU qjQTIvUoTIVS043eNB87TUpOMdpTegSVKR2daQaG+pSfVhSp7mCqVJQqUaemQ6p1K6pRL0BVcmQV K1Bt6Fbx1lWFfnUrYT3oWLVxVmuktRprjUZb91ZWgr6VGXP1W1yTWNdj5DVwdzXiXoXxV8L1dYiB 5dxgmXhYJyYWiouVYmOp+FgrRhaLk9ViTgoAADs= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09_image003.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhHgEUAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAAAd ARMAgAAAAAAzZgJnjI+py+0Po5y02ouz3gf4z4XiSJbmiZYfkLbuC8eyCc72jef66O3+DwzmWMKi 8Yi0EJPMprO4fEqn1Kr1is1qt9yu9wsOi8fksvnsjaLXbJK6DY8r5fR6pGfP6w21vT++8ie4tuJR AAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0002.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0002.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Objectives"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"69"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO style=3D'position:absolute;top:95.= 5%; left:3.74%;width:2.8%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-ind= ex: 0;mso-ansi-language:EN-US;mso-field-code:meta16'><b>2</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-index:0; mso-fareast-language:ZH-CN;mso-special-format:lastCR;display:none'><b> = ;</b></span></div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s70658" type=3D= "#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s70658" class=3DT style=3D'position:absolute;top:18= .75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Objectives<= /span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s7= 0659" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s70659" class=3DB> <div id=3D"_x0000_s70659_0_47" style=3D'position:absolute;top:35.5%;left:1= 0.11%; width:90.26%;height:12.25%;white-space:nowrap'><span style=3D'position:abs= olute; top:0%;left:4.14%;width:95.85%;height:48.97%'><span class=3DBB style=3D'po= sition: absolute;left:-4.32%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"slideNumber" location=3D"293,3,Private pension plans"/><a href=3D"javascript:parent.GoToSld('slide0038.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Describe pension plans and the emerging </a></span></span><span style=3D'position:a= bsolute; top:51.02%;left:4.14%;width:86.92%;height:48.97%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"293,3,Private pension plans"/><a href=3D"javascript:parent.GoToSld('slide0038.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;">issues</a></span><span lang= =3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s70659_47_89" style=3D'position:absolute;top:49.25%;left= :10.11%; width:94.38%;height:6.0%;white-space:nowrap'><span style=3D'position:absol= ute; top:0%;left:3.96%;width:96.03%;height:100.0%'><span class=3DBB style=3D'po= sition: absolute;left:-4.13%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"slideNumber" location=3D"295,5,Plan design"/><a href=3D"javascript:parent.GoToSld('slide0040.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Note the common features of pension plans</a></span><span lang=3DEN-US style=3D'fon= t-family: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fare= ast-language: ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s70659_89_148" style=3D'position:absolute;top:56.75%;lef= t:10.11%; width:97.75%;height:12.25%;white-space:nowrap'><span style=3D'position:abs= olute; top:0%;left:3.83%;width:96.16%;height:48.97%'><span class=3DBB style=3D'po= sition: absolute;left:-3.98%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"slideNumber" location=3D"296,6,Plan finance"/><a href=3D"javascript:parent.GoToSld('slide0041.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Describe the methods used to finance private </a></span></span><span style=3D'posit= ion: absolute;top:48.97%;left:3.83%;width:80.26%;height:48.97%'><span lang=3DEN= -US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"296,6,Plan finance"/><a href=3D"javascript:parent.GoToSld('slide0041.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;">pension funds</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div id=3D"_x0000_s70659_148_197" style=3D'position:absolute;top:70.25%; left:10.11%;width:91.94%;height:12.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.07%;width:95.92%;height:48.97%'><= span class=3DBB style=3D'position:absolute;left:-4.24%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"299,9,Insured pension contracts"/><a href=3D"javascript:parent.GoToSld('slide0044.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Describe the risks associated with pension </a></span></span><span style=3D'positio= n: absolute;top:51.02%;left:4.07%;width:85.33%;height:48.97%'><span lang=3DEN= -US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"299,9,Insured pension contracts"/><a href=3D"javascript:parent.GoToSld('slide0044.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;">plans</a></span><span lang= =3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div style=3D'position:absolute;top:84.5%;left:10.11%;width:82.2%;height:5= .5%'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le= ft:-4.77%'>l</span></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div style=3D'position:absolute;top:92.0%;left:10.11%;width:82.2%;height:5= .5%'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le= ft:-4.77%'>l</span></span><span lang=3DZH-CN style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-ansi-language:EN-US;mso-special-format:las= tCR; display:none'> </span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_0_47" attributeName=3D"style.visibilit= y" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_0_47" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_0_47" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_47_89" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_47_89" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_47_89" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_89_148" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_89_148" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_89_148" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_148_197" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_148_197" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_148_197" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s70659" groupID=3D"1" build=3D"b= yParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd= =3D"false"/> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08_image004.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhvwGSAXcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAAC9 AZABgQAAAAAzZpnMmQECAwL/lI+py+0Po5y0Wgqy3rz7D4biSJbmiabqyrbcBcfyTNf24ub6zvf+ DzTdhsSi8egIKpfMpvNJQkqn1CoEis1qt1yQ9QsOE7vksvnsEqvX7Aj6DY/D2/R6W47P65v2vr+6 Fyg4uPJneDhEqLjIuIH4CHnROEmpF3mJmVS5yVmW+Qkq0DlKChV6GlmquvqD6nrIGivL8lrbN4ub O2LLe6f7C5zROywWbJxLnGx1zByr/CzVLF0KXV00jc1pvW2T7T3JHS7zTa4ofm5Rrh6I3i6xDo/n Pq8Zb39Gn69wz++p/y+qn0AtAP8NPGiqYD6EDJkoXNgwYquH8yRa5EGx4sWN/y0yuuMIUoXHdiFL Chl5zqRKEShTrnzZoaU4mDQ1yAxXs+ZNbjlp7tzWE+ZPa0FfDq1WdOVRaElVLn3W1ORTZVFLIqqK VaKhrFwb/ukK9uCtsGT72SmL9t7ZtGzV1WkLlxyduHSzza2Ll5mvvHyB7e0LeBabwIQFrymMeNXg xIw7LW4MGdzhyJQXPa6Mec/kzJzzbO4M+s3n0KTJjC6NOsvp1Kz5qGkN+8nq2LQxvq6N28fs3LxT 7O4NPMrt4MRP/C6O3NHw5Mw9HG9e/Dn04NKn965uPTf27LW3c4/t/Xvr8OJTky9f+jz60OrXd27v PjP8+JXn049s/37j/PoT8//vX9h/AAYm4IB9FWhgXggmWNeCDMbl4INtRShhWhRWWNaFGIal4YZd dehhViCGWNWIJDZl4olFpahiTyy2qNNyMOIn44z71WijfzjmGOCOPBLo448HBimkgkQW2eAFASzJ ZJNOPglllFJOSWWVVl6JZZZabslll15+CWaYYo5JZplcWmBmmmquyWabbr4JZ5xyzmllBXTeiWee eu7JZ59+gknBn4IOSmihhh6KaAATJMpoo44+CmmkTEogaaWWXopppmNSqmmnnn4KqqSchkpqqaae KmcEqK7Kaquuaqnqq7LOSiuqo9aKa666Pnrrrr7+CqyevQZLbLHGlrnoscr/LsssloE2C2200Nop bbXWAqvktdpu+2oM3H4LbqgvIsnRuOReZO65Wh2pLlvptsvQu/CKxe68ZMlrr1n15vvhvvyK6O+/ JQYsMIoEF7ziwQi7qPDCMRbjsIUNR2zUxBQ7ZfHFVmWsMUj4djzNxyA3I/LIx5RscjAop/zLyiwj w/HL8cYsM70Q15zwzTgzrPPOD4fhc1AuB00NzUTHM/TRjhmttFtMNy3X01B7k/TUkvVsdblSZy1N 1Vybs/XXJ4cttspkl93y2WjDjPXaCHnttmdqx+3M3HQrZvfdRbett1p5970034DDA/fgZhRuuGl/ J3410Iz7LfjjVC8uOdiR/1ceMuWYC4L45rJp7rkloIcuz+ikx9H56UqkrjoQrLeum+mwHy777Ipf brthuOde9+684+3773s7LrxftRefUPDIa3P88q4p7zwlr0dvXPPUBzH99cJBr73lxHevSvbge2H9 +DuIb35M5aefxvrs0+L++yLFLz8K6Nd/v/z5v78/+/2n/z/zBXB8AwRfAbt3QO0l8HoLpF4Do/dA 50VweRNEXgWLd0HhZfB3G+RdB3P3QduFcHYjhF0JW3dC1aXwdCskXQtD90LPxXBzM8RcDSt3Q8nl 8HE7ZFwPE/dDwwVxcEMEXBH7dkS9JfFuS6RbE+P2RLdFcW1TRFsVy3ZFsf9l8Wtb5FoXs/ZFq4Vx amOEWhmbdkalpfFoayRaG4P2Rp/FcWdzxFkda3ZHmeXxZXtkWR9T9keTBXJkgwRZITt2SI0l8mKL pFgjI/ZIh0VyYZNEWCULdkmBZfJfm+RXJ/P1SXuFcl6jhFcp23VKdaXyXKskVyuR9MoixVJIs/xR LXl0yxzl0ka7nFEvYfTLFgVTRcM8UTFJdMwQJdNDy9xQMzH0zApFU0LTfFA1GXTNBGXTQNscUDcB 9M3+hFM/47xPOelzzvik0z3rXE870fPO8sRTPPP8Tj25c8/s5NM6+5xOP6Hzz+YElDkDTU5BkXPQ 6NCvfifhHkPnsNCH7iJkohINQUKJc1HqULSiH8gocDx6nY1yVH0OHentvmdSzok0pcJYKUtByhuY aselKZUpbmzaHZqaFKe04Sl4dDpSn8JGqOMBKkeJyhqkmseoFVUqapyaHqZKFKqkoSp7pPpQq4Km AAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0038.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Private pension plans"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"219"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>3</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s224258" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s224258" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Private pen= sion plans</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 24259" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:264pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s224259"> <div id=3D"_x0000_s224259_0_9" class=3DHB style=3D'position:absolute;top:3= 5.25%; left:10.11%;width:34.83%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.75%;width:89.24%;height:100.0%'>= <span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -12.04%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Cove= rage </span></span></div> <div id=3D"_x0000_s224259_9_15" class=3DHB style=3D'position:absolute;top:= 40.75%; left:10.11%;width:34.83%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.75%;width:89.24%;height:100.0%'>= <span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -12.04%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'><p:o= nmouseclick hyperlinktype=3D"url" href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq3"/>= <a href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq3" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Plans</a></span><span lang=3DEN-US style=3D'font-family:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:83%; mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s224259_15_31" class=3DHB1 style=3D'position:absolute;to= p:46.0%; left:15.16%;width:29.77%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.69%;width:89.93%;height:100.0%'>= <span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-11.88%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq4"/>= <a href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq4" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Defined Benefit</a></span><span lang=3DEN-US style=3D'font-famil= y:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:90%; mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s224259_31_52" class=3DHB1 style=3D'position:absolute;to= p:50.75%; left:15.16%;width:30.71%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.36%;width:89.63%;height:100.0%'>= <span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-11.56%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Defined Contribution </span></span></div> <div id=3D"_x0000_s224259_52_77" class=3DHB style=3D'position:absolute;top= :55.75%; left:10.11%;width:40.44%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.25%;width:90.74%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.2%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'><p:o= nmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/Table 21-1.doc"/><a href=3D"http://macminn.org/life/Table%2021-1.doc" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= International </a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-= hansi-font-family: Arial;font-size:83%;mso-fareast-language:ZH-CN'>comparison </span></sp= an></div> <div id=3D"_x0000_s224259_77_93" class=3DHB style=3D'position:absolute;top= :61.0%; left:10.11%;width:34.83%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.75%;width:89.24%;height:100.0%'>= <span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -12.04%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Emer= ging issues </span></span></div> <div id=3D"_x0000_s224259_93_143" class=3DHB1 style=3D'position:absolute;t= op:66.25%; left:15.16%;width:35.01%;height:12.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.09%;width:90.9%;height:33.33%'><s= pan style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.0%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Life expectancy and the </span></span><span style=3D'position:absolute;top:33.3= 3%; left:9.09%;width:76.47%;height:33.33%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>changing age </span></span><span style=3D'position:absolute;top:66.66%;left:9.09%; width:76.47%;height:33.33%'><span lang=3DEN-US style=3D'mso-fareast-font-f= amily: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>distribution </span></span></div> <div id=3D"_x0000_s224259_143_161" class=3DHB1 style=3D'position:absolute; top:79.0%;left:15.16%;width:29.77%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.69%;width:89.93%;height:100.0%'>= <span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-11.88%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/Box 21-1.doc"/><a href=3D"http://macminn.org/life/Box%2021-1.doc" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Sources of income</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N; mso-special-format:lastCR;display:none'> </span></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 24266" type=3D"#_x0000_m1032" href=3D"http://www.ebri.org/benfaq/retfaq10.htm" target=3D"_blank" style=3D'position:absolute;left:342pt;top:186pt;width:2= 93.625pt; height:178.375pt' o:spt=3D"75" o:preferrelative=3D"t" path=3D"m@4@5l@4@11= @9@11@9@5xe" filled=3D"f" fillcolor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill opacity=3D"1" color2=3D"white" o:opacity2=3D"1" recolor=3D"f" rot= ate=3D"f" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0038_image005.png" o:title=3D"retfaqch10"/> <v:shadow color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"t" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"quarter"/><p:animat= ion number=3D"3" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noB= lack" flag=3D"17408"/></v:shape><![if !vml]><map name=3D"map_s10"><area href=3D"http://www.ebri.org/benfaq/retfaq10.htm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 218, 132"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s224266" src=3D"slide0038_image006.jpg" usemap=3D"#map_= s10" style=3D'position:absolute;top:34.5%;left:47.56%;width:40.82%;height:33.0%= '><![endif]><v:shape id=3D"_x0000_s224267" type=3D"#_x0000_t75" href=3D"http://www.ebri.org/benfaq/retfaq13.htm" target=3D"_blank" style= =3D'position:absolute; left:342pt;top:364.5pt;width:293.625pt;height:175.5pt'> <v:fill o:detectmouseclick=3D"t"/> <v:imagedata src=3D"slide0038_image007.png" o:title=3D"retfaqch13"/> <p:animation number=3D"7" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack" flag=3D"17408"/></v:shape><![if !vml]><map name=3D= "map_s11"><area href=3D"http://www.ebri.org/benfaq/retfaq13.htm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 218, 130"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s224267" src=3D"slide0038_image008.jpg" usemap=3D"#map_= s11" style=3D'position:absolute;top:67.5%;left:47.56%;width:40.82%;height:32.5%= '><![endif]></p:slide></div> <p:animation number=3D"1633908385"/><oa:par id=3D"TimeNode0" dur=3D"indefin= ite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_0_9" attributeName=3D"style.visibilit= y" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_0_9" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_0_9" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"cli= ckEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224266" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode12" dur=3D"2.0" targetElement=3D"_x000= 0_s224266" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode13" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode14" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode15" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode16" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_9_15" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_9_15" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_9_15" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode19" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode20" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_15_31" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode21" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_15_31" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode22" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_15_31" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode23" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode24" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_31_52" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_31_52" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode26" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_31_52" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode27" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode28" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode29" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"cli= ckEffect"> <oa:set id=3D"TimeNode30" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224267" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode31" dur=3D"2.0" targetElement=3D"_x000= 0_s224267" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_52_77" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_52_77" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_52_77" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode38" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode39" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_77_93" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_77_93" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_77_93" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_93_143" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode48" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_93_143" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode49" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_93_143" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode50" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode51" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode52" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode53" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_143_161" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_143_161" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode55" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_143_161" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s224259" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Note that the fi= gure provides the percentage of employers offering the plans and the percentag= es do not add to one because many employers have historically offered both p= lan types.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image005.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAAbMAAAEIBAMAAAAnzgcCAAAAMFBMVEX////Av8Ccm5z7Dg4ODvpj Y2PeZGRmZt7x8fHR0dG8zc3FxcXS0v//4+P/09Pi4uL7FGAtAAAAAWJLR0QAiAUdSAAAAAxjbVBQ SkNtcDA3MTIAAAAHT223pQAAGEFJREFUeNrtnc9r40qewMsCgUwGLOk9pZP4EKm667X9fDAzgdz7 YcgepQKBhQ+iO5DDDLtMN4EwvItiMOPQDHbMmpeQQ8gc3iF9scx4utM+9Bz2sIeBve1tFvYP2EUx iE3oQ/Zbku0oHTuJ0+lO7OdvXltV0re+VR9968dX5R8P7bUnVDzUQBMqjSnaGMoUbRzlM9EchASH JbZ6ZxLeIL1KNCNEM2felQXvD63m2JzIEi2ne8bUBqhx1GaN7+Z45/xKjGZ7OuonhT4X9TPRSqfU r8aRIChlL4GEBOLTZyjhJFAZeZCrIqEMWcTbFA58SvDQCeA4ZYCDUuBLzgY9xxMEj9MFT3ASQgK6 wQlyvLhxv2h8jdQTpsXRulIltp9BdQ8JhPKNrE83zaLpEVIlFuJVKmCrZCuUox7iT01oNrE5M8/Q YtQ0Y5RyqmK+Tskl0zQ4c840OfN+0TjFV/gUKeZblDOI30DEQVxeOc7rpKVZAskWSm2DIAaxaQIg 8fNwP7bzoFY0+ZQBXVXlbNOXbL+WtUuqVShJeVzHeeovWh+r94k2Q0oGr9Y7KqBR7HuoXkWc7jdo yiTbeZ4U8nyTYsTnbYGa/BzFZRO8tq0DGuRVQNPhVmDg4WtZnddpvvRRxwpOGXzKrqn3iYYol+ds 1pmUXesE0Hj7JGZjx/SUMy5f9/O0/s4+gQ6J4zbz0lmlLoZoLM/Q7JMAzVA6KVoXfRXQSGmxbPBz hc9q2OejpeMqImpM7HBq3S46CCkF1EqhGvS0rRRnqD5p1C0UE2uIZBJGCXwLvfhUlWGsyZyYRjNm IZ6SitumFRNLBVSqFiuqlDDfpbkqePZe0a6TPcW7iVpMDw4C/kycr4kG0+NNJCGGh9QdVj0NtMZR 7gwtGiVuOSwEYSJc0oNQcWa80BJmJC5qecikLOG1PtGCGdT0+F5WIE6RCgTCEBWhDkWKGoNs/oGh xQ3iQYQIvoO4EZJGq4qqcfsYAsQTVPbKCALECvKriPgpHp0hOAtoioeVTsE4VURwdeuoQH1F3KUP DY1SVDdjZpU3K6bpCXbdK5odqnC0aL4zTdKAwNLMKylEuBQfM8FRQIN8z+KwZSGfmeAlHWNYBchD Q4MeGDeLNiIKzpOgQ5pKNq9w+Zach1DDNkgpVYDHGWJ6JUHRlWM9QCNKCuJLLSEtIp/TMZ3R458b hdw5muVXCfEU1cSyrniC1UImXtQVTldw1qh3ChSX1AKMMogxShzWldchWoy0VCOhx3AmYcV0LMdU X31oaDDWqHLiq8pZzIaxxkj3BRvQSvuVQr2TL5wwtGqAVgL61/lFhpbAnG3xIlgoZbcKRqm1Y548 MDSBpJCvbZleDCJjzUPZzQakSDMmJsydbGdLLBlcIxuzURMG1Qxt1CpZmAmLTkkUSINjFlqmWBfj hmA+tGnkFjdD/cIVTKORcZQp2jjKFG0cZYo2jjJFG0fpoiW8196Z8Jm2Hph00ToN5YPSue/GfBE0 Ooc3a7hx3635EmiGVsvINIsSuxMhTgRNx4Ld0eaRcKxJEyDVCFptTm68LqYQmkned7PuQhoRtIRz Fr7hPnPfrbpztL5M0R64TNHGUaZo4yhTtHGUKdo4yhRtHGWK9lBEzkwSWnKjHRxc9vLkx9uhJbwt 5yzxpdHcUfVzEU+tP3OlZPtmJqJoNZGkSWc0tJGfx0crABTN3MpLV3LXV5LgtNwKYGnBFan58mrE KJoxr5NgR2smeeOv47iZEb+/474cRVuW2t/mcj/std1cDhr1hL0+yjETUvKnH64uG0UrEJ00aRYJ HXylaJH0kx/waPJoZQTlp+s/YMB5BcmNDVYbSz/NsTpXNp5cYymKZmGc5uT0tWhPo2gr0vVKEZGe 5G7C9APW5ADlB5zL5di9DPLruVzvVuZy64CpXWEjirYtdsT45ty1HfJJsr3LuhbW2u313AYo7+5e 6mvrA224G7ncj0HpS/L2D73U0W5zZe/pOnT1R68y0BOhRLf0042Nl/1kLvdyfeOKlkbRhIuTfzI6 SvvpZDuZ+1F+CrPWo9wPrgwVw8SwsQH55NuVbbjMpur2kZsbNE0nH4H+M3dlwOqUfPKsl3q68W0u vZ57KV2aDBlTN3n0E3hwnc2ewakBM8oV69rbSAOSL3sJF8u5Z+us4QztL7ncCpxdz/0B8utAKW+8 gul5Y/1R7lkAGRWXlYECj3Irl+fJR2zya7KX+XXoa394+uoyzsVbAZbwBqSegg+S2ihoyW+fnZt0 GYAL5aHyb3MrT7prTWAftJ4yr8FU9qP0luWTuRxM049eXayqyaqHAjlpnZWJtLcdWkqGpefXV8Ah 7oVOM0Bg7Gns5iWZ6+Y3RkJbXzlXe5sLvQQL6AqM5V6LoO8wL/Xue+6lG6JtvFpnehf6pMyKd0WD 1IoGxYPc01zvxpxbWmlL1wgbZWE7oWAzd7mPD0dj41divYM1AVot/dRdL3O5geMoaFCv8azwRk7r uqqZcYM7c5F0xU2u99vGvNbvJX8JR/An0qLESCrEuAQBA/8tG5k3RnsbDKMQjdULrQyqa25sbAxE g/veH0MyKAXBwr9CweS3rN7mqwutlddXtpu5DXYzHm2wSDHi/55DLnqJUINsE0LxpStQw4DbPRSN aT+Dg8wsNQOHdGseMq6hhRv90ZXsKsGU+Iy5hVn6pLXt4O4x7wRX2oNwLgCA00jTxNS8XDvUwNAu js/haGx5DKoMPZiTrpOB93pe1ljvfOZe1ndZZ3h1rdm+eYwJ1khaG4AGt54NtkevtNCLV6NJTyNO AIds3KD2QQLOe5sbMBK6d2+EaLmZaWps/sGX0d4G4x9u1bNA8Tq0o93dvX4jdnd3b4kWdu2BaM1h E9IQO9Df3GTQk4coPFpnaEff/ngN2t1Jt2tfEhcCvRGemq+ScGgfQe+XftoIAL8OGov8Bp1PDpuQ bk/oBitHuAZ9DbRrJ787FbkXUjz8vZFRpb/GTSDaei6cKCcPTerFNV00kR2OG8fV3fjYo/Uk6jXN w1tKzZkwtMBr2o58LFNxpB2thytuFG0rv2nJOIuE4xE2nR6uRNG2s7Us29FK1O67VXeO5lab1Xhs UjpkO4o2GZP/kdt2k3tHbWni0JLwwKrJJsGThzZPMiY805lYmzg0SaLUSGJi0slEw0aTTB5akmSI rGUk2Zg4NLZ1FxzdyUPryxRtHGWKNo4yRRtHmaKNo0TRZLUm4s2JRMsm0qQjOxP2TajQa2md1GgK CZvafTfrrtGQYWs1PD+J2z7bKTkb285O4raPi2JeOV6dsGmkMbmT/xRtrGTy0SY40Jpgr03Rxkqm aOMoU7RxlCnaOMoUbRwlijajK3Ok6EwiWlFPbjY1Z8J2tIKDlW9lsJlHaEx2tK5pZQRNwEYlzeHk uOxoPV6+0Y5WOI3oshrrpB7yjtb73vHw8GB16bdvbrCjFaI5lQf4Y1NJ6eA8Pfu9lGwDliR/t7q0 tCwdHgwv+PAn//baQjfRbh+s/gZgvltbAy4my2vacLiHj/bXpeeHTBjC7NLS2loXCvDWQjgXrhyO Idr7VYax1ndUgPUCSwuH3yyD/yC7ljl0FwZ80eahox3OLl2UNawB1pu2JB08bx+6OIT789Io3zp8 CJI8CLofeAlEYh1yeeGw/1UPFxTeSzJTWV36jTteaLOs90Gr+4vR6vNLBAAa8F+68qDRYHitwWuk r8mDFeVgCL4YEzRX+g5a+/xmyslvlpaDnhv9ZYyHgzYbcc5fl10ZXPZieJhOXHO7Sc3exOguZVy2 iC+taVL78fOHhebCahwIa+zjYMnS3gxXN2XaxtSk3eyCBv46nF0LlgaIUu4FbcCX5JMQEYarcU+C kfPeHW6laRIzSQ2TWN0Tway5cCiHy9/ze0E7iMxkC2vJJPgJAsJujBGR7w+vNEMkjGWjST5ZzpKH B6xf/vo+0BZmYWXqyc9we/FaHyvqtd8cXG3HbUu4PWjGTLJF/vv7QINHkWD9xd8FsdPyai8ixEsR 5m+WFq6xk2RfVHcH/lKQu7p8cA9o7z+Nm5ivIHSC0fY40lObLw5uXwd78rmE5glOWfiSaAHZcr/f gcsgfHp/GP4YStQDn7U547qX0GK6klY6n/Eoel2D3FUW7T3v52eXfv2mfdPCI0sUrWPnSU3zbo02 G/bxoQKr8LI2uxwGhG6AekffOL8WzbZ0QkgK3Kfdytbq0u/OM99duswCJ+nafagvgiZgmtY4LYkS zVvtMLGmr51nXnxymQVOX2WnixKMTULphWlEr6ubxet3tORIevb5m0OIh+TomgsTxIvHzENsPQ6U fnvAHk8yX2PPy3WpkmE/S6LdYvJ3V3/3pt1dgA5Wl2HR7T/bL0ce8xnii+ABUlqFuG7pxYL7Nbph UqFNDdBMOjJaG1Z7cEhv1e0zrUlsoQ320SIBRkjIFJ4f3rh1n4eGqaxh9mMyN0V70+U6lL5b/WTN XV57oQETBAfPD5jOe+ZO4GeEa8tdnYU3IzXwM+RIa2oazWg39doChApJxnW+A9iL9p7D+TduoBVx jLv6fbjDJgf9NYD+epJkMeYVaAuR5vwMfU0OtsZY2LfcNRCMtcHPHkk5PB1sYS8tf+W3fgCs/yWv QWg/Pw8byaYMthkY7j9o0sHS8zf9XaXZy/swobw/Ty58M0zpi8pwtIVViBtgZpf7swXbV1l44yZn R4323Ht5v2442s/BAnU+W7y4/FNYN5X7eSdyKNrC48gM+GI1fHAdKxmKlnwcxE1aqPbXpftu6B2i SX9eWjrfokk+v++G3iXawuNfu+d6B/fd0LtEk/485p9DuALtup/VfOhyi8h/XOQXglZzOuLeF//5 9HtB29OlU3nEn09/wBJF29RxrInFSUQr6q/TGLPvr2n33ay7RqvYlTQn3XpH66FJFA2LWNzi1En8 0OAET/5TtHGRKdo4yhRtHGWKNo4yRRtHmaKNo0zRxlF+IWjNarHqTubPp5/qGDcnc0ermGU/NqU+ 5C95jfLZmChavKDjJs5O4rbPiYXTnDQPjCflc/kQSc9F0puRdOVdJHMaSW/tRNJRq++GWLpQxcdh liLpC+27YCmKJnudaoX9fHrci0yXO5F0NTqNRtJC9MJpJJ2IWBpqNWrpQhVbQywlbmRp4OQvRDPO kPRQpQsXRi5wx5Y+RZsgmaKNowxBE1DF6yYd5EU6tdDv1HB0+h38oorTzQnBv0TPzvngEIJUpZtN oMglsJQ4iagJ/WovWLr4Gm1bv00D0DpiJ1tLb2OWjmdi2iY+xoEFXMY7eE6usrTfkNTOYi0VKNmc tpnhgrSABW0Xn8nBjal5TVFONVWWnknFMpyGcKgUl89wRQuUfFFWa6njna4lGSqUw+oEbR+fsHfG EKoLsiiLOLDEabE0l+XSQQF8irewEFplKk1VFoejFVX2P5HdsoIbqtV8v95SAhzCpa1CwcqydEm1 sCZrRqBk1X2ldpwPSpOiROXFTtAIfx+Wy/SpHrZarmE/boZKnEb20mGBUsqyLFkJmpEo+L7S2Qnv pFLMUCwZQWk/YeOsYQcl4q2ajBVZCQrUMFHkORKgfdQydiFznB6OFlMxlu1EYBJp0GhSpEG6xmVs UzICZk40CCbp4HYhy28RZT8VKhUxxSoX3Atu36AGDTGFrNLCSqcVKCkcNuV8GDRwqmEYRAsbVCi1 SKuRPreUJoET+ESBakbBCi/InMVb9SDNydvKphpgggtVW8czqavQtoyMXKyGXSfRkmtyJ1BqlmtY yoedkBePrdc4rYVocWULJ7poQjNVF0NkrnGcPrXj2RANOo+imKFDhPpcU+XC/qV+zB/jlBGixZUK 3uxaKoMleT+4xTzqpD7a26HX8nKxUNL8QAlzzVYPrX4KaJm6dxVaRyVWWFLAM4US8WnQoKZDtqhK AmZeraklVbFDNA7+4j00WsEcDb3WqIv17ggRsjGLs8thI5QEjNu4GSqpLdFPKdkQLWbFLD5sUs3B FRyjaoimNOAvKOAbRQPYCkFh+tE8NlHYOU2VpIhtzg1HC6aa88nPEcqRma0cVQp+NYGpfBK3sCLn SuXIhQtqUSUhoiJEC5S7KueTczA1O2HVAlPo2SlfrO6Xt65NgkzRxlGmaOMovzi0+NHueMmec1O0 mejmyjjIa+/GXhtwEx60XNhXuhrNQ+MlU7Sr0RzHES5sBgyWfojLdgnKDqr0Y2zhBP6Vo7sPn1QQ BLgXrJfRdXJ7tNleQkpk1Hm+rEJSu7KuP3bbFsNVFNdUVKMVMTxTg4IxAwlqJ8zPdzajtQl6Ajuo +yDcLh5XI1XFuibQcZWVqXjx3olboP3pH0z+c+mfg+M/EIkbuuxL6ta7U20nfrJ/6nxaVPj7f8Dr 39d/j9Cv/v43eGRF1WP2zKXHs0fb5X14eETxRA0e2zUtsZOonjm45Ttb3se5U0/Yj+8hV4cn1NMt fT++i6py3a++3t83ds48VhWvJ/YqO3FPcC0foEi1qN8e7eKXQ5cr5qmhFw3itIJne1wgl0z+KrcC r+u5f0Lo33K/R5zm5KmWOkN6jJoEw3OsMsdzGq14JbVGOxb1ZKXu1G2wpwukbtawHjMgrxMfS2pT qXuYGCSNrQJxUD3vE0rrVSSkObGyhbPpu0Mr4qyhc3kTaZxFUpaSqjWGocHr/zE06uhYs2QH0Px9 s9lASpahbS/yDVLTjAzqYIpkeHjP6HGCm4qgo1JDs21FqZoOXHP0UoosGppeqyKMWxytdUTEiZwo ySo17Nuj/df/MvnvpX8Jjv/D71sMjSJFK2CDyClfvdwh/x0xh+X+Bh3SQ7yKKKX5wGv1eVPbhg7J Y0wrJ6VqK42NAuLzlkANTKnIUSJjDIQNahumIppwzUCYpLBmzut1Fdl18Fq6qAtmihfPznBh+zPQ ujLrdM+jnf1qorqPXs/tnJxtnlWPB5hk8seNjb/1LO192K9CRYkPW+X9Dwo6Q4n5s0UWFsTfnS7u oHh1Dn1snBp7npA8PfOSYmLe2Z3bSW45Foo3PqDND9Wds487DaiqGk/U59+9riJph7UQzjSGNPjm aHcnlSHn5dSlUzH1sloROwOLPwS0YXJ5qh34PlR/z3yM0D5TpmhooiP/mZP7fgD7cs9r8/f90Y8R ZfvGaBMhU7RxlCnaOMoUbRxlijaOMkUbR5lsNGExkk+4TnCs9k4ch3k0sx9sRpzLSW9XN7q3m4ik 93uJrq3eZ8NCgw4SnESQZE9Q0V3WeKN77NseFNffCK2YjuQ5HNac7+YFHH5WBdXcMwFHNTWEZHY8 O62inusTu+dQMz3ldzp7lRP4TN7BIorLFRzXKjKayZdEdoWvojju38oZpISfXUO8g06Dz+kK8m3R 6g6Sdz8sZpuedCbyIsJaWk7lsTSzm42JQtaIJ4uZeJbKpJzSkBTPxtObYuc0C8y4lu3smLLZSBuu J8gx0TdkTStWzW1RQ7wt1VKylhUoVWtV9rEsGacNHcX9pozJou/ECvWjxeIHjceoWEWLR1LzJNPR 6iLmRXke7+3WNxdJppPS1LiFjovFdqydmlvMjoS2aXCakTYM7ZTaDd5wCpRQbGgUY4KxQCyeKLIM p3DZtDmM9Q4pFhR5DhOEQaVMMFFtaD5HiNqhlCg85KwC4q1CgRgUC0YBYxuVOKqRHZra9fh6nHIq QQlKTk2/luZJw0cIKlQ6hCh+VcFbGjWITDapAjUYtqA0Wn69JlNqG/mR0JDMN4ysgVVOUxGfRbrc ynZoAxfwtuEKmuZLSsfc1mQ5odm8NKe1ZBkcgDQe/Fs6VgFPtAsFkdeO0kXD6pTkDKaLTYeby+sl FctOXidWFpWEFpawlJeqGh+nRbHTiBMs1/2ix9dEQLO0jF/S5JKPyA4nUpVISq3VlLO1fBrFss1S PWZRCafwaGONxs0sNVLmPm2rPNvIVohlmdmCX1Cyglko0nqnWdBkpZzFMfqRlgwFKyVLK4HXOrKq GITmTbPB0Y7FUatWIgVCUibisnlspADN1AEe0HDRTFK1zNOP5ibdJE5R1gjxOQpoMdogRqbO0WYJ 7gZKmJhik9SJTxUrbwlELZF6AlpT36J8dQQ0oYzKzonjVFBZcIQT5JQTmuOUX6vBZ7wqjlAWBMEp lwX2llhZCP8ED/JwruxU4BL8h8LSjiCUgxMwAUJxdqEMr07wubAyOnHY+2vwB5V2jZ4I7DNkrAyz zk6CqWKKXSsLHpjotoF95qwJ2iN1yEsifICXondz39+5xAf6RlBHsTHZS/Z9N2GKNkWboo23TNHG UaZo4ygNlLzvN5C+lIj/Dx7+ykD09Ha8AAAAAElFTkSuQmCC ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image006.jpg Content-Transfer-Encoding: base64 Content-Type: image/jpeg /9j/4AAQSkZJRgABAQEANQA1AAD//gAcU29mdHdhcmU6IE1pY3Jvc29mdCBPZmZpY2X/2wBDAAgG BgcGBQgHBwcJCQgKDBQNDAsLDBkSEw8UHRofHh0aHBwgJC4nICIsIxwcKDcpLDAxNDQ0Hyc5PTgy PC4zNDL/2wBDAQkJCQwLDBgNDRgyIRwhMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy MjIyMjIyMjIyMjIyMjIyMjL/wAARCACFANsDASIAAhEBAxEB/8QAHAAAAQUBAQEAAAAAAAAAAAAA AAIDBAUGCAEH/8QASBAAAQIEAgQICwgABQMFAAAAAQIDAAQFERIhBhMxkRUWIkFRU2HhBzdSYmNx gZKhotEUMlaElLG00iM1QnWyQ5PwM1RVdMH/xAAYAQEBAQEBAAAAAAAAAAAAAAAAAQIDBP/EAC8R AAICAAMGBQMEAwAAAAAAAAABAhEDEiEEMVFhkbETFCJBcYHR8DJyocGS4fH/3QAEACj/2gAMAwEA AhEDEQA/AN5oJoVorO6A0CamtG6S/MOyDK3HXJNtSlqKBckkZmNDxA0O/CtF/Qt/1hvwd+LfRv8A 25j/AICNNAGd4gaHfhWi/oW/6wcQNDvwrRf0Lf8AWNFBAGd4gaHfhWi/oW/6wcQNDvwrRf0Lf9Y0 UEAZ3iBod+FaL+hb/rDM1oNodLSrr40Soy9WkqwpkWrm3RyY1EEAfP2aPoU4jlaDSCHSCUoNNazs cO22Wd//AAw7JUPQaeUhCNC5BK1ICyFUxsAckm2zblb1xu4z8u7pM1Ltpel5Z5zllaioA/eGEAAg bL5+qAKRFC0HDbKndDaXicb1p1VPbWEi9rE4Rn0i2UINJ0BSLq0NkkjWavOlN7bkbLX/ANJjRBzS JyYstmVaaCXbYFYiTngvf2HZuhvFpKGUNKalVkITjcuLrVc4ssgBs5vpAGfVSNB3JJ+YlNCac+Wk oOHg9oYsSsORAN7QpdI0DRMljibT1KSoIUU01ojEcOQNs/vfCNAlekLKEtsyNPQhNgEhRAtYXAzy zvuh1l7SBTqNfKyiGsQxYFEkDFntPk/+c0AZ9ygaDNsSz/E6mqbfBIw01slNjbMWhaNHtBF1NUgn RCmlxLmrUvgxvADYHbbZnaLpB0hZbQVJl5hanFYgSEhCMWWzabX3xKQuqOySMbbbU0lwY8OaFJvn bO+yAMgmlaCplmHXtC6cnWt6xRbpzSkti5FlGwzyhSaVoFYqVobTgixUlQprZukC5OQ9ey/N0iL+ Ub0iW6UzrjAauj7oSQoWOIKy58hlCp0V9x9SZdtkM3HJXhUDyc8Pt2XG0DmgCgXR9BG3ChehUmCF Yf8AK2s9uezsiXTtFtCqkpxKNDqY1gt/6tOaG32Ro6Yagdf9vAFlJDYGHPki5y5ib5HOJ8AZ3iBo d+FaL+hb/rBxA0O/CtF/Qt/1jRQQBneIGh34Vov6Fv8ArBxA0O/CtF/Qt/1jRQQBneIGh34Vov6F v+sHEDQ78K0X9C3/AFjRQQBneIGh34Vov6Fv+scs+F6nydL8KVZk6fKMSsq3qMDLDYQhN2WybAZC 5JPtjsiOQPDb43q7+X/jtwB0noK46z4LtHnGGdc4Kaxhbva/JHPF5KTc+48pMzIapvAVJWFg3N9l vVYxTaAOtseDPR1x1aUITTmLqUbAcgRfMVGTnNYiWmmnVJF1BCgSBAEHjJKdU9uH1g4ySnVPbh9Y y9x0jfBcdI3wBqOMkp1T24fWDjJKdU9uH1jL3HSN8e3HSN8AafjJKdU9uH1g4ySnVPbh9Yy9x0jf BiTsxC/rgDUcZJTqntw+sHGSU6p7cPrGXuOkb4LjpG+ANRxklOqe3D6wcZJTqntw+sZi46Rvjy46 RvgDUcZJTqntw+sHGSU6p7cPrGXuOkb4MQy5Qz2ZwBqOMkp1T24fWDjJKdU9uH1jL3HSN8Fx0jfA Go4ySnVPbh9YOMkp1T24fWMvcdI3wXHSN8AajjJKdU9uH1g4ySnVPbh9YzFx0jfEWcqMlT2kuzc0 0y2pwNBSlZYjsB6I1GMpOoq2DY8ZJTqntw+sHGSU6p7cPrGTMzLpmG5cvth9xJWhsq5SkjaQOiI7 FWp8x9qLc20UyjmqfUVABCugk+vfFWHNq0n+adxZtOMkp1T24fWDjJKdU9uH1jLLdbbTiW4hIyzK gNpsPjCrgbSN8YoGn4ySnVPbh9YOMkp1T24fWMvcdI3wXHSN8Aa6VrcvNzKGEIcClXsVAWjlPw2+ N6u/l/47cdHUUjhdjMc/7GOcfDb43q7+X/jtwB0toAy2/wCDLR1p1CVtqprF0qFweQI0DcjKS91M yzLZCSm6UAZbbeqM7oEhx3wX6PIac1azTmLLts5Ii7lpOdYdcceny8hSCA2pAsk3yIPqygD5zW26 mmTb4ElZVyZ1qSvXkJSEDaO2+yJxZXr2iG5bUYTrAUcvFzYea3rhzC71qfc74MLvWp9zvjo8T0KN LS9fd3x+PYlFVLNVl1+oomWZKXbxj7E6lAcsnYcSbg3O3bzwusUmaqEqpqSqCZIqSEkhhKs73uDt BytttFlhd61Pud8GF3rU+53xvzDU1OKSrkq9uN8OorSiKmmIVIql333nFLOJTqVBCgehJAFh0Doh hqgsNV96ra99a3Ww0WFEaoAbMreveYscLvWp9zvgwu9an3O+MrGmrp79/wBf+CkV1Qpcw5R5mVp8 2Wpp0komHgFFFzmBlstcCH5WSeR9nXMvoWpDAQ60hpIQtfOu5GL2RKwu9an3O+DC71qfc74PGk4Z dOO5XrzFFMaJUU1YzbdXSWdXqwy7LJVblYr5WHZ6osJpSpUPP/ZGnJZtkrshJLqlj/SE2sQd94k4 XetT7nfBhe61Pud8WWM5tZ0nXJLsKorqe8/VaRKTf2VEg8tQLrLzOIhIJBTzWJ6eaEzGjspMVluq F+bQ82goS2hwBsAixsm2R/8A0CLPC8f+qn3O+DC71qfc74vjyjJyw/SnfR+3P6iuJH+yuMIl0oUh 1toHXF1sKcdAGViLAKv2RDpTtQqFLdcnKY1TprEUtJcTj9SiMt14tMLvWp9zvgwu9an3O+MrFWVp xV8fzTXmhRXTlMm5ibpzzM60yiWVimGgxyZjKxG3IbbbdvZEoyCC3MI1zv8AjElKgEgtdiMsvbeH 8LvWp9zvgwu9an3O+I8WTSWmnJcb/Om4UVVJoKqfiVNzzk85rVuIUtOAJxbQQDZXZfZnEp6iUqZS EvU2VcAcLti2Pvn/AFeuJeF3rU+53wYXetT7nfGpbRiynnzU+WnahS3CH21BomXYYU7cWCxYdsQp enhl8qTS5BCXra8pSMSjncnKx74sMLvWp9zvgwu9an3O+OalJKkykCq6P02stIbm2PuEFK2jgULc 1xzXztDppqG5RTMq6plRXjDiwHSM7kcq+R6N0SsLvWp9zvgwu9an3O+N+NiZVC9FuXt03EpH/9DV SpqK63OtzFOYbpqUp+zOhSSpRG24HMe3ZaFzFRkJGmmfqDX2JoEhQebGIHPovttlE7C71qfc74iV JCFSZbmmUzTKzZTWpxXtnmL57I7+Jhyms8aWl1y+b1fclMu6Clo1WWcaSjCoEpUkDMFJjnTw2+N6 u/l/47cdA6NuButysohlTbKEqDdmrIsBsBvl6jHP3ht8b1d/L/x244ur0KdKaBOljwX6POpbU4U0 1k4E7TyRsi6lKk7NuOIcp8zLgIKkqcAsqxtbsMVPg8UlHg10cUogJFNZJJOQ5AjRh5p0KDbiFkDM JUDaIDA4/MXugxeavdCrQQAnF5q90GLzV7oVBACcXmr3QYvNXuhUEAJxeavdBi81e6FQQAnF5q90 GLzV7oVBACcXmr3QYvNXuhUEAJxeavdBi81e6FQQAnF5q90GLzV7oVBACcXmr3QYvNXuhUEAJxea vdBi81e6FQQAnF5q90GLzV7oVaCAE4vNXugx+avdCoIAnURV6uwMKht2jsMc5eG3xvV38v8Ax246 Oov+bse39jHOPht8b1d/L/x24A6V0Dl2pvwX6PMPoC2l01gKSecYBF6zSpGVdU+zLpQ6UFBUL3IJ vY+2KDQVMwrwW0BMqtCHzTGcCli4BwDaIupJmrNrcM9My7zZQcKUIKSlXr5xaAMfq0D/AE/GDVo8 n4wXWBmWxnbaY9IcG0JHrvAHmrR5Pxg1aPJ+MMLnpZtS0rm5VKmyAsKcAKSdgMQ5qvSctLreS59o CeZhClc9ttrfGMucVvZ2hs2NiNKEG75Fnq0eT8YNWjyfjEMVIEXTKzZH/wBZY/eGU1hxc25Lt02c UpCQq5bwjP1kQzx4lWy4zv07voWWrR5Pxg1aPJ+MVz81VzLrMtS0BzDdOtfTt9Q+sLTMVUIRjpzB VYYsEzsPtETOrrXoy+WnlzXH/KP3J2rR5Pxg1aPJ+MVhqNSTOBpVGcLZRi1iHUqsb7Noh1dSdaSp TlOnAACcm8Wz1EwzoPZcRUtHfBp9mTtWjyfjBq0+T8TFbLT0/UJdt6XkkMNuJBC5lRv7EjM+0iPD SHnppqZmag+442lQwtq1SM+gD6mGe/0ovl1BtYskmvbe/wCNOrLPVp8n9491STsR+8QjTEHa/M/q XPrDErQJWWYS0ouPhN7F15ZyJvawNotyvcZUMHLbm7+P9k516Vl1oS8602pw2QFrtiMGulOvY/7o +sRhRqeFtr+wSuJs3ScGz6w/9hl//aSn/aH0iesrWz0qb6L7sY4VppJDT4fWFFOBgFxVx2CGZh2q OhsyNPQ2NYMZmnLEp57AE2337Iny0o1JoWmWZZZStRUoIFrk88O8vzPjDLJrV9DXi4MJXhwv92v8 Kv7IZbqJ2CQT69YfpDDMtWCt/XzMmhJX/h4GSqybdpHxvFny/M+MHL8z4xcnMwtoaTSiuifcpp2V LyVy7lccZdTZZ1aEosBn69nbD7BmnW9ZKzUrONA2/wARCm1Zc1xz+yLEpUdqWz6xHoChewQL5m0T IrsvmZtKLSr4X9KyrbqEymaeamaPMIbQBZ1k60Kvt2W+EPGrUtKFKcmUNYRch0KQR7DE7l+Z8YYn UKfli0uWbmUL5KkKOVumFSS0ZfEwJSWaFLk/vfctqFq1VWWW3YpUCQoG4IwmOc/Db43q7+X/AI7c dBaOuzIrzDCpENS6cSULSoWsE5Zcwjn3w2+N6u/l/wCO3Gzzur0OlNBJhMp4LtH31hRS3TGVEJFy eQNkXkvVWJp1xlKHUKSgqutFgRe2Rio8Hfi30bv/APHMf8BGlV90+qBD5lUJKTqjLbUypeBDgcGB RTmITwXS73Ms2o9KypX7mLC8EZcIt20do7RjRioRk0lzZBYp9MlXnHWZVhC3LFRCOj9oma5FrY8u iFQRUktxieJPEdzbb5idajy4NajyhCoIpgTrUeUINajyhCoIATrUeUINajyhCoIATrUeUINajyhC oIATrUeUINajyhCoIATrUeUINajyhCoIATrUeUINajyhCoIA/9He61HlCDWo8oQqCAE61HlCDWo8 oQqCAE61HlCDWo8oQqCAJ1EWlVYYAVc5/sY5y8Nvjerv5f8Ajtx0dRf83Y9v7GOcfDb43q7+X/jt wB0poGwia8F+j7Dl8DlMZSbbbYBF1JUWVkHFLYU9iWkpVicJvne/r7YqvB34t9G/9uY/4CNNAGcn 2qJTDhmGJg2AzSVK5j29hiQ3TaU7KKmxLvBtAUSCtVyBz7eyLd1ZQgEAEkhOfaY8Up1KSpWqAG0l RgDNtPaPvTqJRDEzrVqwC4WBfPt7IkT0vRqbYTDD5GEHEgqV2cxi1XPNNlOOYlElSsKcToFz0Dth RmkhJJdl7DadZsiWacZLWiqkpOj1CWVMMMPBCDYhRUknK/Oe2Igf0fLiEfZ5oKWUpF0rtc2tnftE XqKgy4oJRMSqiQSAHeYbYcEyFDJyXIvbJznimSpn5Sj0xKC+w+oLuRgKlc4HMe0QuSp9JqDOtZYe SkEffUpN8r9PbFx/jeS3vP0gu95Le8/SAM2pygpdLSpaZSoC+YWB6r32xMnafSae1rXmHik3+4pS rWF+Y9kWin7IcUpbAS398leSfX0QJmMaW1IcYUlxOJBC74htuOkRaYKiRlKPUSsMMPpwWJxlSecj nPYYjzKqDKPKael5kKTe5AWRlfoPYYvEzqFFsJdlyXQSgBeagNtumBudQ6ApD0uq4uLOc0QFa9I0 hiUbmlMPFt3DhCVKJFxlleGpFmiVJZbYZfSrDi5eNJtl0ntEW651DYWVvS6QhQQoldrKNsvXmIUJ i6lJC2MSTZQx5j1wBRTRoUnMLZelpnEk2JSFqHNzg+cIlGQpAkEzwZdUypKSLKUTmbbL9sWSZtK3 FNpdlytP3khzMeuFa84QrGxh2Xx5QBSSTdFqDuqYlpgKz+/jTbtzME61Rae5q35aZJyzQFqGzsMX H21FlHXS9kAlR1mwA2z9oI9kermktoK1uy6UDaouWEAVbMlSH5AzzbD2pGLIqUDkbHK/ZEdngJ+c RKolpkOLUUi4WACL89/NMXn2tOJKddLXULpGs2jbCjMYQklxgYjhF17Ta9twMAUs6zRKc6Gn2nir CFclSjtNunshyUk6NOyaptlp0NIxXxKUnYO0xamYsgrK5fDkCrHlAZkAJu5LgKAKbubQTa+8jfAF BLuUCZeDTcvMYipKc8YzJsOftiRPS1FpqkImGnSVAqGFSlG17cx7YulrdbQpeBvkgnafpDuRzgCn pLFLmSJuSbcBbVa6lHaRszPbHLPht8b1d/L/AMduOv7W2RyB4bfG9Xfy/wDHbgDpnwd+LfRv/bmP +AjTRitBp6ZlvB9o6lEg7MN8Gy1lNkc6M9vRYb40TNTmnVJCqVMt4iblZTycsr588AT30qUgYRch QNr22GGn0famFsPyaXWliykLIIUO0GK1dZqLbTJNEmFrcQDyFCyVEXwnotsvDjFYmnXUoNHm0Aqw qUSmydme3ZnAqbTtDLmjFEdw4tHpHkqChZtAzHqEOooNLbvq6JKNlQsShCUkjbzeqPEVifwArok0 VZ3wKTbaQNp7AfbA3VKmpKVOUZ1IxKxAOAkDDcW9uUZUIrVI6y2jGksspNr5YsUaRSABS2xZBbHK 2JJuRvJhKaDTUG6aS0DYjJUKVV5tJsKNOKy5im3P29g3wGqTwSFCkPqusiwWL4bXBz3WjRxLHWO9 QfeEGsd6g+8IqHK3UG1ujgGbUlAugpWk49m7b8Iffqs40lwt0eacKUpIAUkYr2uBnzXO4wAp6lST 8rOyrlLZLM9czKRYa4kWJVbabc8eStJkpJmTal6Y0lMkgtyxJClNJIsQlRzAtlthlVZn0uJRwFNn OyiFpsMvXnDrtTnm3lJTSH3EZYFJWkXuAc77LG49kb8SdVbr8XYlI9RSZND7T6aagONJCUHF90AW AhDtEp77mscpTSl5coqzy2ftHqarOmabbNHmA0sIu5iTyCdtx0Dsht+rVRpxSUUR1wD7qkuix+EY KPPUqUmLF6nIWQrHdStqssz0nIbo8mKRJTSiX6Y2snaSr1f1G6CYqc80+UM0p11GQxYwPXCXqrUG lNWo77iFJJUUKF0m5FrH2H2wAp2kybxdLlNbJdw4ziGeH7u6whpGj9ORLNy5paFNtqK0hS78o7Se 3KHk1GdWpQ4MdbSEpIUpQOZVYggdAzyhKqvOAnDRZs8rCOUkX7duyAPVUiSW0GlU1BbGQSV5fexd PTnDaaFT0ocQKWjA4nCpOPIi9/3tuj1dWn22nHlUd8oSkEISoFZNzcW7APjCDW5+5tQZs5gZqSPW YAccolPeWpblKaUpVgTi6BYQpdIk3Jb7OacgN3KgAockkWuOg2Eepqc4psOGlTCeUoFBIxWCbgj1 nKGzWJwFINFm+UL/AHk7ejbAC5akScpLpYYp4Q2MOQc24TcXzzzMKXS5Rxba101tSmwAglQyta37 RYNL1jSV4VIuPuqFiIXAEd0vONLQGbFQI+8IkDZBBABHIHht8b1d/L/x246/jkDw2+N6u/l/47cA dFaBVLUeD7R5vU4sNOYzxW/0DsjRcMeg+fugggA4Y9B8/dBwx6D5+6CCADhj0Hz90HDHoPn7oIIA OGPQfP3QcMeg+fugggA4Y9B8/dBwx6D5+6CCADhj0Hz90HDHoPn7oIIAOGPQfP3QcMeg+fugggA4 Y9B8/dBwx6D5+6CCAP/S+2cMeg+fug4Y9B8/dBBABwx6D5+6Dhj0Hz90EEAHDHoPn7oOGPQfP3QQ QAcMeg+fug4Y9B8/dBBABwx6D5+6Dhj0Hz90EEAHDHoPn7o5O8Mr32jwr1t3DhxajK9/+g3BBAH/ 2Q== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image007.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAAbMAAAEEBAMAAABQDMd5AAAAGFBMVEX////AwMCampopGCWXMmQA AO3b29taWVpxp75CAAAAAWJLR0QAiAUdSAAAAAxjbVBQSkNtcDA3MTIAAAAHT223pQAAE/JJREFU eNrtnV2PqrrXwEtNyi1CIrcICb0d6DnyAc7+Bic7zy1iArdQ8qdf/1mrBRRHHcdx9ojHlf1ia99+ dLWs1VIk6+WTSkAc8qTivNBmKC+0OcoLbY7y30ZjcPtbDZ8hdCltPqa3VpMvtngTPV/DUcQ2XOfH JfTf5PdEswVIYD5XuS0uXYWmT5+RXTb5psVCnLM1BNNiIHVHdumJpG13TzQqVCsSU6dwqLqQtEp1 QzMh6qOGRa3IsvxMtoV4m4R3UGN2Gi0KyLVyFRojHvTB0oGPMVuRMgd9Ax1i+TbXurQF1SnJMidR miNauW3foGEMcpDSaBuzRJ2XOeRhJUNNw++spYGNxGYoTUe0KXbkLkGVxDRMFwJ/S1DIg8Ad0KA7 MlKJLI9EBr2mVAYq05FIitQXNSTIHKZCkVioRwRV1tsAGqTOqeKiMx0eEL8hVWKnEXzE0qAQ0zEt 9BHZSRH4JgLKJMrZZS2UG4k0N1l8ITPoNZpF8H0Fgfxyu69CWy4jgMlEDY2FhsOosUWLoDiCACET GyYgsBV4+SEFw14DUFFTnaJHQ9wE9TUhWFoFWQL9lStQC0UMX0GEJXKjlpDGxjQLoWsAPc/bGvOn RAfugAbSUeFECSgkNLzNQg96KIhSKjqYLkRQZUwkmMIoJIxNGGtWlrcdphADGs1gGgBV8zJI66WQ tQ10BTnMMDsR+nC5Njqs0bKy3VC4QoAGqbF4qLtGVc0gcncntDSvstKHahxEeyPtZtvWEfA5C2jm qhBM1FCdZ6YRmCFz6CEYchtopj2iWWIlAjuDGBiPfrYQco1fLbIcVGyHs2oZpXu0lHgJKQtAy8gi tTPUB0TLbdQdehe0LYzrChvco9V6Lq+jTY8GUopgjxaGDjaM684+QGPtGgrIoMSFKQ0GKXzlCQWK jCRGey28S6zzXQJoDAoxaAvMh2gZomWD2n4RDeerChq83qOl0PwRDb5hB2iZueZUpO0UjUQqIxoN 8dekQCRzz0s1WhauY6KnEdQ47DXQ7n2vHaDdq9egXRsouYhHtOiNhXmPBpePTtCEQYMc0RGaJ3Ba 1wpJqrhqYFZBEhnCKAISmIf9AFnT3BMOom28lA1oAiIHNBh49xlr0CYAkAJQlEHbZVwMvUagd9Ie LesO0AQX07EGX23gLySH0toNTBytnjUc1EEgoVBHR8xNX9+yAQ0qqjWaniEHtDvNkNg00MgIrS0h Kpj833BqwYncoMEQqc00YqPV0qPhUGpTe49WI0UACgnJCZZmGdtrgW3U5gsaWNgcpuvqFVK0G0QD FQDdHKaRHG5yd0AzN//c4jCdFRJCaEi40iGFw9wcLAaGxuwSTQnG48HYhXh3vY0h0Bu/aGhgB9mZ i7ZvCCkLTK4NGygTTY+tjsAiVroEqCGMt/iVtQKrG/QHYtYmsL0D2h2lAgvCzm7LS7PcG7PCNarE Bxn+KBrFqf1WNFTfZAiwwch5HLQA/pE35vbNXdAI2KDBI6EZYz2/OfdhzvIjw/8/voAwV3mhzVHe odGYFAEB0534cL/MrfVPt/B+aFFUZopmDdwiU1vVUeTcUuwjyDu0jSXrXeVwYtchz7uG1j/dxPuh URlUPAe0wJVks7FqvWY6HzmPxltA8ydohIQzkvwsmhWCQvqokEEo801i0H66K64X9zxa6i8TThvJ aCersOZV8DRouFbYgd9YObiw4Rg7/TnQRsU8jH8uNEaeFo280B5NXmgvtIeSC2hUEt4xFYDJFVvK MYs0z4GmojhVNAWnJk0rdGqCmaC5aEBeREPrqndquJqTDRnhXthFNK+tjFNTGcuf1fgYxwwk+vXr 1z8XLX/p8ndo5U83+z5oB162Vkj6uApZgmz3Colo64vTSBvj2khi9WsjrfOwaApEfgKNhsSPWRhQ Byb/MIfgw6LhvJFtr0cbZPKc12Oi/QUwt6DNwBp5KjScCZ8TzcXR1TwnGsD880L7T6AVRb/rrVTg 905NYKn8oZya29B4FZoPSx+dGinBcZMVr7kXzB0t5DQwMT7tbcggBBuyeSQb8jY0L/X7QdfR4+0M tpQ/bdYb4YiWjkGNNobac5Y/c/rdG6umJ3Zqfrq/vtJrbNk/vW0HT6eQSpkPC4fpaYQ9xDSiVwXW X0PjQ4QNEwlO/oXzM5M/P+WEfQnNXx09GPRDOzUrfFo3uyuad3zi5c/t1KCzPLZ3hRPdfdF+ztDS 5nzyjWiFUvkPoWELvxMtel40XgyG1vejuTi6Ju39VjQ/VM73obkTz9+bOMvfjsbK/rnZYbFO79Tc a7Fueuf1fx228LvRitGuVJFZYiX3XGKdtvDPolVqMLSSpXuPhfHV+0XrMVT9etfCb0Qj2z7MMlXd YztD20vvthqMeBpt4puMnsq6PfRU1qa9Q9BHNDnJmLnHdRyjUVWbsJUU8h6bUHrReqy2naDpRkxb eAbt6JrwW9D81fD0/dvRTs2N/lr7Xln+hEKe2Dr0yYA2bPhaX9vwbU+Ng17+7DTik7CPKPpter1T c/s2/eOgeZk4umVbh3bXnNHo4fgzU+XXrJHHQftAXmgPibZ9XjQ/vHhoas5oVKj7OjWPg0bcodcq lfsB48EXd2oeCI24/f88LCc7NbO3Rkgl+7e/SIcenKnZyBudmktof9ipwTV+/UG0xT12aqYG/PWW fyjeZxyT3rZTM6KR98eFbu61Mxf/rgp5nPSEQmb9cWlndGr0mZrmfk7N96B9rJDjg0vSjxNu45ma Rp+p8Wc/jYxS9U5N4UQxTv5q/pP/sXxxp+aB0N4ZkZ91ao4eMnogNE4uyTVo02ofCK1SMn9StOLY y34eNLb+olPzuGhVyp+117g77K8VxI0ZPrDlBp/ZqXlcNJ9X5gNp2X6npr1+p+Zx0Qo17K9lo1PD +See9vkE2iecGn6PaYT3+rjj9omdmnHT4KyYXZTJBsbRVsO44TLdqXEnTs3FnRp3WsdfJ+pYh+d7 LYtuOy50tItyq7+2nvpr06Sndmqu8NdybeITlrXh8KIAfvlFAbg7WI6h4kOFHL/7RoU8dcjLJdR8 WEYr3KmR/U7NhbWR9w8SPOQ0UrSqdYbJv3dqeEeVY593ai4+9fY4aJU8NrQ+dmouVvs4aIR9fqdm Lmj+5y3/uaDd4K/NBc1fL5+117zPP1k3FzTOPu2vzQVtfPbY1i/AwbdIf/QCnNmgZf3+mvRK/doi 8uES61zQ2LC/li/c8WVTlx8/+yza+N0f3qkZl32YuvZMzYldlK9b/t+wU1PIYYYswndODbux184k vaSQy+t7TWd8l/TUiwJ6yz+YvI7vkpc9l7FmLY2/Njx+lqBTs7v4+Nlc0KpxbWSNrzDnTuH4Abu4 ojUXtHfy8YsCZoJWKZWdYZw7mrV0L/2AyJzRPvhtm1mjVRvypGg0+/zjZzNB87Lx8bMcl0VwZYT1 wZmjgXXc9xpYVzw2j5/Flx8/mwnaXnprRBJjjUyWWHF9fX1dtdejfbvlPwhzDmzI4WmfwTzWR1TX F6odj+a6XzOPr6vjavN4kOr9K8KWJz2Vi1sNd3Jq7rGdse82dfZFAaeUJR5Cj7udMYof0HNOzWfG wSNOIyLEnRrZWFQe79RMq10dVAvz68e99tNoTKlA79RUzrvJ/6BadxgHulq9HfXwaKOcOFNzUK3e gBqr9TE0H7QTOzWHaL9///53jwah3/NBIy+0F9oL7YV2I1o87NREnaUmOzXXouFp80dEsxM2OVOj H3D6HFrb3/QeDc1NTr9sajTnp2jxe7TV3xA6gTY26c+ey95L3ry3/HGnZuwK42wMaNrF4AOacThG tG9xaj69U7OXxj65U9MO7V1fUEjjJo5oZy7+j7miDX3nZZMe7d/rxtoZhfzxsUYanEbS9Hin5hnQ YnxLDDdvP+N7p+ZmNHcYB2MLq59C66XIDwJfQFu1E/8HXbv2+2bIm6yRm9H+N0nqDaA6qQvc7R5t nCHniTaEDNrfJqNBc8cbzPK0Js8Y7X+Tu8bUk38utEnG9+sv7rOg+ZD037EOt1+N6dH4MDnNE21S x5ixn4X7jJ9C+/J97Y+gHdRxPdqXrZGLaMVPoiX9To170Tz++4J5PEXTGccW+lO0v9/X8dfpOvZo x3WEV6OZnZrBqYHRarwIHcpg7BqnZhLSrwc7SgohEb5POoSU9lT49XWMGY/qkKG8Hk1b/vqMySjF hVC5noSWk9B2Us42Ph86rmPagEt1XPhd0WOF1F72NI11IXSUdLr3z/JJyLmQ8eY6yoNUl9HM2sik SdM186PQUdJLaORS6OY6rkezMzJXue6WPUt5oc1RXmhzlBca3lrYii2XZGnS52QFEcMtJsf3lSyJ NZymshzcC18OGR2M2K5MCKNX+0ONW8y7NaXqpDqiF12HeVR4q79Z6koJ/mvpCH3HY8s+YnKa62o0 TrjcqrYw76OtnEo5vspphyFaW1lNVcDNWYGGKMlUQ/HHbgjxc0gHEVljMkJ0BRH6DKrV6XQ1V29D HTqiMxmhDi5LhRmZkpbqIK+v6+DK0RHm3F2li+SK6qSfRasypqqgVIsYS7bagBedWgSRboSqqzjc uZ3S19BPWOK7HfddrIi2eVrFib996zP6cafcblNhMGrsjldxU+ofHK8yS/p+xxdBYjJGRaMq3uGL J2jsQfmVCxGYtCmaJLI7RfVjxeF2A9GJ56/UDWhbbuGmTbfQXcF4oKwGLp2r0cJ6l3tUxa32W7eN 9WbzwOcMgxbPN1bzZocZdjfbBTxvEpKaZ+9ds8EQksrUQWvIWBW61yAjlNBQiMhRVxeV43uENzaW k1NZL/zcs/T7NnLcdoE64snhyU8opIpqO6Ch0asg4gmgGYW0altmtupC87aBhqVRmCpu3spb5Yp3 abQO9RW1g12Ycp6Zd4DA5ZJtJTNiFCliKgolKP3GZIQ6VMRli0mZrHIP0NbaXieeG9iABlprSgW0 mgY0uQ2t4IHt9KdKq4AqCZd8QCMh96GT9BWFdvocxt2IBlcYIkwr7IDJhMo00C9bsxqwv8tQstqg 4WN9nPtOaDJaCjuN66tQBYdoVNIDNKZQM+DC80OY69HY2g783M5NewOfNtKux15zpMfU2u57rd4V Afe3poPzxo4xwjfX1883IW3e9DtAoNcCXjnGcwI0K67cgO+c/pr4tFvbYYBorME3F1SllLoOnltv O4gwaL5DpN297czwuKHXoixXhIrOoHmZE2WDQr5RUduijsxZgYS0qSU6iMDQLodojJAGzRaBJ/JW exRWY7UJ5g36XoN0GNGZjDuswxKoZbYQW9FBUk/XIUSt6yC6R1ux0UXuxKGfcjVaSawVOkPmLsNy Nr2vLfGPuefgXQ7/sPG+tjIRfUZzEzpIChlJn9TcvfqkfTodwlvqdl/HdpmbdMyEHJ3UWq5uQZuf 7NHY8hnEOYVWfuqSPKocULzQZiMvtDnKC22O8gGahVsFEJHr0NE67vQK6CRnjr71+c9LBfV0UGJ+ 3Kj39Zwo/Uyll9Ho379/Z+AYmhNtau8DgRXYDoec9TUAdyonNFN7s5TFY8Mhf0guiffr1z8dlohs NBtz4osBfTE4zFZOrMCciWT7Am0FnvVtaP9H/LhI4cpbSYmXEK8iGv1pGeW4dF/iH7tbLRxCu60i Jg7+zfErDPkr8MPxEyuPF/v3aL86Ikuvhjw7cN+Z+VNAVyZgK5syuQP9utGto3XZpyF2vJU73apy 0sPXoTmEl6qpsoJylVeZU6kUrXob10TCFtdCvE3sdXiRd0w1lswcP8tjiLe5xKUNIpWlUszN1Xk0 KHQDeaImqKIGyiEclABcAepwycI2iNZcBqkKClLtkiVrwYUD4x88R3/HuCpDhcs0n0ar/DhyU99O vFrRTuEvGKfLiKVF3S5Tb6V2dbKrodfKyO6iIq1qZccdX6aLLsqh17aNsjuvSnZBWjmX0BpVghve ebGqal5AbWSR4w8d+VBnAg57UYvlxiee3XGoCAuEXivlztpUTQa16uWST6Kp9W5V++hMJ65a41iD CYY2y40E73jLqyBFhcxUs1v6IfilasW6hPgLcCPxbUGBspYeHq3KVuQiWrpUdtmBz8zXmL4jCz3k rEYS6W87Wm/gf+LROgRnmKOHDmOt3rGV33RWx9efV0i/FWJZ+xQqE0I2iAYKGQoBVfJIZLZBkyEB J9CtaV2JuNsMaGFMFG3bKqCBf/KovplGUMuFSA1aJESl0WBE+YDWsAEt7NFIjybXZGcpgWhUXN1r ZvJHr9zPLcugvZGtJGashTVxsNdI2aNBwTCiKfTaym46+EqjoWsvd8ECeiEIzKLJkez05J+Ck55A WabXcgv8cBi/NalQDQa0lEiPRIBWOZWv0aDZO7umgNas6OZaNPTcVsSXPLFltH3z8Gd9Fe84B7Qs jPKM19D+SipAM82AnlMFKiRfd36YLMD5N2i2bFHBsuHFmhOxtH+lwijgYbooNx7hhVSlimCGVMuW pTwGtCoENKhyF7Y04TbWOqBRGSGaCrtr0Yzon+PkDQsK6lgBzJA0bXDZtsGf11gT12pj6qytxqxx R40VYKo8tmCGJHC7KyA2tBQvMLckZ4XDnRJmSFrCHOiyqIFrGuCCcAcf4C65pjK2AokvcveZhAQd daiDFZCKtXIdsJgevL5hDobWjc2ZA9qN8kKbozwx2sHvEuzRtuUzyOoUGvvpVt1F8lNoTycvtDnK C22O8kKbo7zQ5igvtDnKC22O8kKbo7zQ5igvtDnKC22O8kKbo7zQ5igvtDnKC22O8kKbo7zQ5igv tDnKC22O8kKbo7zQ5igvtDnKU6P99MHV7zsR+/+i9JsY3/hlmwAAAABJRU5ErkJggk== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image008.jpg Content-Transfer-Encoding: base64 Content-Type: image/jpeg /9j/4AAQSkZJRgABAQEANQA1AAD//gAcU29mdHdhcmU6IE1pY3Jvc29mdCBPZmZpY2X/2wBDAAgG BgcGBQgHBwcJCQgKDBQNDAsLDBkSEw8UHRofHh0aHBwgJC4nICIsIxwcKDcpLDAxNDQ0Hyc5PTgy PC4zNDL/2wBDAQkJCQwLDBgNDRgyIRwhMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy MjIyMjIyMjIyMjIyMjIyMjL/wAARCACCANsDASIAAhEBAxEB/8QAHAAAAgIDAQEAAAAAAAAAAAAA AAYEBQMHCAEC/8QASBAAAQIDBQQFBQ4GAQQDAAAAAQIDAAQRBQYSITEHExRRIkFSU5IjMjdCYRUk M1RicXKBhJGTorK0FjRDdYKhFyUmscEn0fD/xAAYAQEBAQEBAAAAAAAAAAAAAAAAAQMCBP/EADIR AAIBAgMECAYCAwAAAAAAAAABAgMRBCExEjJBgRM0UWFxkbHBFCIzQnKhgtFi8PH/3QAEACj/2gAM AwEAAhEDEQA/ANq7O2GVbOLuFTSCTZzNSUjsCGXhmO5b8Ihe2deje7f9uZ/QIZoAxcMx3LfhEHDM dy34RHpmGQCS82AK+sOo0P8AvKPS80F4C4gKBAw4hWp0gBUvHfCzLt2iqUmLNW8USwmlqbLSaIKi nIKUCo5HJIJjNaF8br2axNuPTDSlSoSXWm2sSxiUE6UzoVCvKucZbYuhZd4Zt2emVrU65LIZZdbw 1YKFlaXG1UqFAnXTKK1ezez1KtFQnpoLnQohQSirS1LS4pQOGpqpINDl1QLkWCb23bS5u5mZlZZx TjqUJcp0g2SFKy0GXXSnXHrl7rptMMPOWjJobergKk00UEmopVNCQDWmoiMrZ9Zrrc8h+ZmXROsz DTtSkfDOBxShQZEKGXVGJGzmzxLbtU5MFam1occSlCcZU624SQBStW0j5oDIs27y3ZdTJqRPShE4 ooY6PnEKwkHLo9LLOmeUQ5q+90paXceE4w8G3G21BlvEQVrwA6aAggnqpzjEvZ1Zi7TbnuImMYfc ecQoIUlzE9vsJqMgFHqzpHyvZ1IGWbaan5ttbTSW23BhJSUv78KpShOLL5oDIyXgvjZd3bTMm/Zr joRLpmXXW92AhtSynRSgVGoOSQTEmUvXd+ZdZZcU3LPvzDsuy26gArUhZRXKoFSMq0rE127dnzF4 RbUy0mYmBLoYQl1CVJRhUVBSaioVVX+hFK5s7knJ+WmhaU8BLzKppLRKSjGXi7oRlmSOdKQGRcWb blg2yuYbst+Wm3WEhS22wK0NQNfaCK8xFfZF6ZK0Zh5qaspyzg1MKlccyWqKeSMSkDCo5hIJrpEu w7pydgzTUxLvvuLbkxJgOEUKQ4pyuQ1qsxXW9cvjrBn7NknaKtC0ROOPOrwlipTjKKDM0SQAe0c4 DIsGb0XXfmm5Zu0JIuuIC0JIpUFGMGpFM05/NWMYvddMssu+6MphecLaOgakilailQOkk1OWY5xW vbPWJ+1p9c7MrFluraUzJM0AGBjcgk0qCATQA00rGJWy6zlyDMt7oTSVIcxl5KG0rIwpSKEJqkgJ FCM9YDIvbft2yruGRE5LlXGPhlO7bBwDrWrkgZVPVUR5N3luzITczKzM7KomJbDvm8BKklVKCgGZ Na0GdIxW9cmy7yzQetRUw8lEqqWabDhSG8RqpYpmVGg1qMtIiz1wJKflXkOz00ZhyZamuIIQVBxD QarSlDVINa9ZgMiwtO25CSakOEkvdF+0CeEalgjygCcRViJCQkDrr1jnERm91im05azpyWXZ81MM tuobm2Qg4lqUkIPI1T8xqKE1iVMXUlXLOsyWlZmYknrMThlZljCFoGHCoEEFJBGop90RjceSUgBc 9POK3cu2px10LWvcul0KKiNSomvs0pAGY3rusGXXjPyuBp4MK6BrjIJAApU1CTSmtMo9Vei7AeYZ TPSa3phtLjKEgeUCgVJoaUqQCaHlFfZmzuSs2cRNG0Z6YdTNNzRU6pJKloStIqaVOThr8wiqRs6m 5W2ZFuUmwmx2FMuu43KuOKbbUgVTg1IUMwoDLQmAyGOVvVduZdlpdU1KtTUw0h0MrpVIUjeAEjo+ bU650MTLItew7eS6qy35eZDWHeYEebiFRWo6xmIpVbO7OEgqWD7zgoyQlwiii0wWUg0FaEGpp9VI yXIu3adhce9asw26/MhltIQvHhS0jCM8KdeVPrJgBo4ZjuW/CIOGY7lvwiMsECGLhmO5b8IjkTbW lKNrtuJSkJA4fICn9BuOwI5A22+l63fs/wC3bgDpnZ16N7t/25n9AhmhX2erS3szu6taglKbNZJJ 6hgEMEnOy1oMb+UfQ81UpxoNRUQAmKu1YiS4TbzIUSpfSLZCc8NKH1RWlOdDrEmdu9ZT1oOcTbLT byylCkAoC6FIAFTniISKHq6VNYj+491GVuD3UeaUFKWpOMAhVaE0KdQFEfWTnSsSZ2x7tLnnRN2k oOLCUKb3qQKFIy0rQhKKmvUNK5gS5pCZG7UomRnN4gvCjzBCQoKJJphyAr1CKzipv43M/iqifaTM mLsyiZZ8zDBfBDqjmokmpNAM616hFJw7HZHiMATOKm/jcz+KqDipv43M/iqiHw7HZHiMHDsdkeIw BM4qb+NzP4qoOKm/jcz+KqIfDsdkeIwcOx2R4jAEzipv43M/iqg4qb+NzP4qoh8Ox2R4jBw7HZHi MATOKm/jcz+KqDipv43M/iqiHw7HZHiMHDsdkeIwBM4qb+NzP4qoOKm/jcz+KqIfDsdkeIwcOx2R 4jAEzipv43M/iqg4qb+NzP4qoh8Ox2R4jBw7HZHiMATOKm/jcz+KqDipv43M/iqiHw7HZHiMHDsd keIwBM4qb+NzP4qoOKm/jcz+KqIfDsdkeIxW25Py9iWcJsypfq4lsIS5h1rnX6oFScnZF9xU38bm fxVQcVN/G5n8VUUtjzctbFlMzyZcshwqGBS6kUURr9ULl9LUnLJmpdFnvJZSqXU4oYAupBy1rFSv kdwpynPYWo+8VN/G5n8VUfPHTAXgM+/i7O/NfurEGXaZclWFqSMS20qOZ1IBMa+n22xtFFEignWR X2UT1wSuKVPpG89E2b6sVxbtkMLcWpaziqpRqT0jHKG230vW79n/AG7cdW2AAmxJcJ0GKniMcpbb fS9bv2f9u3EMzpC5LiWdk1iOKVhSmyWyVcvJiJtylOKu6jeowqS4pOXXSmf/AOyitui0Htj9jIIU QbKaNErCDkgHUggfXlzi9u0605YrQZcfWhslAD6klaeQOEAaEU9kAUkw9dSbUHFT7xICqKbU4aqx EkigzVmr6ieoZfU6zdTjHG5ybXjSBjBUsIwEJyyFMNA3X5k11zwY7o0JTKTANVABIcBxAnIZ5GgN NDhr1GM88q6iJxwzbDilChWshZRhwprWmWEAoB/xrWkAZrSEl/DUoZVanGOIBC3q4iSVYq4s61rr FNVjm194i5tNUkbtSnDIWhniAAh4HGCCcVcWda11il8hyb+4QB7Vjm194gqxza+8R55Dk39wg8hy b+4QB7Vjm194gqxza+8R55Dk39wg8hyb+4QB7Vjm194jwLlleathX0VJMYJ3ce581k38CvqHZMI+ zlDKJqdBQ2msq16oz6Ri2yNI09qEpdlv2O8/aEjZsoqamVpDSSAcKcRqTQZCPLPtKQtSV4mVWkt4 ijpowGo1yMVF9Nz/AA07hCMW+apQfKEYrjFv3AcxhNeJXqPYIWyuddGuh6Tje36LG2bfkLDSyX2X Hd7ipuEpVSlK1qRziwlpmWmpVmZbwBDqEuJCqAgEVFYT9oG7wSOAJ0c0HzQzWJufcCzqhFeFbrUD siDWQnTSpxmuN/0UdqXlmpK9CLOZYkzKlbKSpSSVUXSudadcNg3BWAS1StNRGu7ew/x4imHBvZbT T1Y2Inh96Mm/O5CDRa0IxjBrihIu/btoTl6lyk1MNrlSX6ILSEgYVUTmBWGe23gxYU+6w4hDyGFq QpNKggaiEe6pQb6kqwlFZrXTzodLwlkXctKgQDwy6UA5RXqWtFRmkuxehT3Jn5icRP8AGzSnsCm8 BdINKg1p90Zr8lo3fbwlFeKb0pXQxAuAW6WkF4fOapUexUTr87r3AbwBGLiW9B7DD7jSSSxdl2ok XMLQurKYi2DicrWlfPVC7tDwGdlsGH+UXXD9KGG5hZ/hWVxBBOJytR8tUL20PBxstuwn+UXXCPlQ W8XD9Z8/c//QdpQs8DLZtfAo5dkQgT+H/kMUw4eNZ000TD9KFgyMtk38CjqHZEIM8U/8hjDTDxrO mmiY6ienC6y/Fm9rAp7iy9KU6VKfSMcpbbfS9bv2f9u3HVtgU9xZfDSnSpT6RjlLbb6Xrd+z/t24 5PMdKXCJGy2wCnUWW1TTsDnlFhdObVO2C08ththWIgobbDYr19Hq/wDesVdyWBM7JrEYKQreWS2m h0NWxrE+5iEt3fQilHA4oOA1riyrqT7IAqF2zdJ9bikSBmfKLaLiEA4lAmoBKvkkg8h7aHPOWpdm WnXd/ILWpGFanS2CMIAzzNaDGkEU6xrTLFN3hsdMw829YsutwKUgklohWeLXkQK150EfU7b9iSlo LC7HacUgpWXMKCvzQdDnUYwAOvpU0gCVaT0obsyipZlUuyHwA0oZpIJqDQnrr1mKTime8/0YuZ6Z YeuvJLlpZMu0XwlLTVClNCoGhTlSo1ip3nyV+EwB8cSz3n+jHvENEVx/6MfW8+SvwmNb30VivUk9 PotM0rUU6R0ipXNKVN1JbKNi8Sz3n+jCbI3gtF2+6pJycUqS37yA3gFAEg06q9UOynOkeivXsmNd WYr/AOSVKor+amOrPzVQR3Rimp37P6HqdmWjITQ3n9FfUeyYSNnbiG5qcxqpWVZ/UYep1z/p81kv 4FfqnsmEfZyrDNTmSjWUa0FfWMVaMtP6M+XqXt83213adSldSXmsqHtCMVxnkN3fWFqoTMuHQ8kx nvqut2XRRXwzWo+UIw3FVhu+5ko++nNBXqEPtKurfy9iu2gOocRI4FVoHOr6MM1iTDSbAs5JXQiV b6j2RC3tBViRI5KGTmopyhmsNyl37NFF/wAq36p7Ig9EKn0KfMSbeWk38QsHo72WNfDGxEzTO9Hl PW5GNeW+a3+Sc/hpbqz9WNjJc8qOivzuyYPgMRuU/A1pdVxKb6qWVUTWaz/yh1t99td3bSSldVGW XQUPKEu6iv8AvYqorMzXVn50O14XP+27TyX/ACy/VPKD1GI+ovBeguXAdQ2m0sSqVU1/4VE6/Dzb l30JSup4lvKh9sQtn6sItPJR6TWgr1KiffpdbvNiiv5pvUfPB7xpU65zRlua+2i6solS6HE5lQ9t ULu0NxLk7LYFVpKL/VDHctdLqSgovzndEnvFQu7RVYp2WyI96L1FPWgt4YfrPn7jzKTLQkZYbz+i jqPZEIE8tK9ogWk1HGs5/UmNgyjnvGW6K/gUeqeyI19PqrtFBof55nUZ6JhEzwusvxZvawCFWLLk GoOL9RjlLbb6Xrd+z/t246tsE1sWXOeeLX6RjlLbb6Xrd+z/ALduOTzHSNx2XJjZTYTLK0odXZbS UqWCQCUDMgEH7iIvLDsxVkWWiUU4HVJUVFYrmSa6EmnzDIRV7OvRvdv+3M/oEM0AJS73sYlpTZks 4jpBLiXgUqAVmfN82ooT2qa1rGaavWxKT62kWSlwJKTVKhjJwg0Ap53SNBXPCvSkZJ+8dpSb6202 Wigx9IhahksgKyTpQAc6qHVHzM3onWJxbUvZRdbSU0CUrxEkAlNQKVJJp9BVeqAMlozqZ27MnMIY S2lT4AS0apFCRkcqg0yyhTtq32bDaYcfln3N8soSEYRmBXrMNtozj09duSfdaSHHH0g4KhORIBAV Q0NK5840teS+EjeCaYs+Wl5ht2UecK1OAUNBhyoecaU6U6l3FXSzfcjSjFTqRjLizY8haDdoWcxO ttOIbeQFpC6VAPPOEC+Swu9GJOY3TOhB9YxdOKV/xM4MBp7mKzqORjVt3Cdy51+WR/6j00sK54ee IvutK3jf+jXCu1bZ7n6G/wBx5KCSsFArqogD/ZjXdmLB2jqUnpAzUxShB9VUTNrJJuo2Cig4xOpH ZVCzs9JFrWTQV+FyH0VRfg2sIsVfVuNuV7nGHlvx/wAfdG2J1Z9z5rya/gV8uyYRtnJwzU50Sfej Wn0jFjfW+gu0W5NVnF8zcushW+CcOqdKGsV+zolM3OgJKverXX8oxhKjUhTVSSylp32dmdUmuiqL w9S+vqom7LowKHlmsz9IRiuKql33Oio++l6fMIL6TrBsF2W3zW/3zVW96nEOkD5tawXFJF33KJJ9 9OdY5CMvtKurfy9iBtBVVEj0VDJzX6oZrDWRd+zegs+9W+XZEK1/nkOpkghaFUDlcKwqmnIw02Ip Qu/ZvQNOFbzqOyIPRCp9CnzEq3z/AN/IND8LLZdfqxsZKzvR5Nfnch/9xrm3jW/qDT+tLZV+jGxk lZdFGj53MQeiGI3Kfga1uoo/xsThVrNZdfnQ7XgUTdy0hgUKyy8zTlCTdQn+NicJrWayqMulDteE rN27T8mQOGXnUcoPUYj6i8F6C7s/VQWn0VHpNafMqJ1+lVu+2MCh76bzP1xB2fkgWnRJPSa6xyVE 6/SlG77dUEDim86j2we8aVOuc0Z7lqIupKDAo9JzMfTVC7tEOKdluiR70Xr9KGK5alfwpKUQT03c 6jtqhd2iEmdlqpKfei+v5UFvDD9Z8/ce5RZ4GW8mv4FHUOyPbGvp812ig0I9/M5H5kxsGUUrgZby Z+BR1jsiNfT5J2igkUPHM5fUmETPC6y/Fm9rBNbFlzSnnZH6RjlLbb6Xrd+z/t246tsE1sWXJFPO y/yMcpbbfS9bv2f9u3HJ5jpnZ16N7t/25n9AhmhZ2deje7f9uZ/QIYlPtJUQXEgjUVgDJGKZW41K POMN7x1KFKQjtKAyH1mDiGe8T98HEM94n74ApHET9sWFJrUylL5dC1hSVNZAmhwmpFRTI841CxsU vM3bUxOqmbN3bi3FAB1dekaj1Y3yZhqho6kGFdE1eRyYS048htBQ3V1LaKBWLpZEmow1/L7Y3o4i pRjKMHlJWfhqWLcZKS1RRLuPbJuSqwxwvEGTLG83pwYqU5Vp9UJtk7F7yyDa0uTNmklxKxhdX1f4 xt5ictRV21KcKBagBw4kgYqKyOEGgqOqsVKJ+9qpp1KkMIZCX92rCk1IHk655Z6DrBzhDE1IUpUU /lk03y0LGbjLbWv9lHfa4NtXnsVMlKmUacTMByrrpoQAR1JPOKi62yq8Fhz0i/MPSC0sY8QbdVU4 gQKVT7Y2haszPCVbVZ7je9orGkpCj5iqUqR61IpJK0L0qn2OLabTLbxveBKUeaRn0q9Wpy1yyivE 1XQWHv8AKnfnoSLcbtcVYS79bLbwXqnJN+UckWQyyUKDzqq1Kq9STFldbZ7bdgPTLkwqUdDrKGwG nDUFJJOo9sOltTlsIcJsotOJ8nhCgNaqxVJOnm19lfqj2JP2+5P4bVQ2iXwqzASBrlmDWuuWlKZ1 iVMRUqU4UpPKN7c3dljJxTS468jWltbHrx2nfGZthp+zkMOuhYSp1WIDCB2Ybru3KtexrKXKP8M4 tby1hTbhoAQKaj2RcWpO3kbmXBI7txqrhSQhNQnLDqczqB9dYsLIm7UclpsWkptt/F5FQAwiqdAA cwD1k5+yLXxNSuoqo91JLwWgUmobC0vfmabs3YleeSeeUuZswhxNBhdXXX6MO9o3HtqbuYuxGuGT MGVQyHFOkIqKV6q9XKLSYtG+ANJdmXUcLdMQSElRR0uvzQa19tAKCLpmbtNV35dalIFpYkbxK0gV GMYsgaA4c9coVsVUq1emm/my4dgcnsKHBe5qewtj15LMcZW/M2evdzCHThdWcgQaZp9kMF9bgXiv HJSrNnvy8qtp1S1Fb6k1FKeqDDDLzl6nnS08pDKFBQDoSjo9IAEg16qmnIc4t7cm7TbbbVZSkL6C 94MIKq06NKnnl9cX4ur0/wAQ7bV76K3loJScoqL0WRrq6uy+8FhT8rMTL0k6GmVoUEOqqSrrzTHl 7tnF7rdtND1n2hLy0puUoWwuZWkKNSTUJTQ6gQ5yE/eg2pLpnUMJld6d8pITTDh6s6gA9edTWJds TluomaWWWFtlxsJxpFAmisVTXQGnLUCOKdaVOe2rX70nr3MTm5u7/wBsf//Rcrs3DtmwuL35lXd+ pBTu3TlSta1HtintXZ1fq1LVe3lqySrLLxcbl1OHojPDojqrzh/u/PW65NuC2EoQxugUKokHFXTL rpUnq0iEq0bylWJtDgaxKqFtNhYTX6VCrSg0oTXMRpCq4XslmrZpPyvo+9HbqSlPpHrqV1jXOtuy rvJkKyxmUpdwuJcOEKJJScx7RCo/sxv1ahWu17Ts2YcDe7aIURhBrXRAjZslPWuLDnHJ5J45JO6Q ylGI5DJIJoRWtCTpSsQJedvOp5sOlASVdJRaQAMs/WrSmfPFlpEjUcYuNln3Z8nwEakoz21qQbRu zeQ2IJeynJRifQhtKXXV1RlQK9U9Q5QsSWzO9ptZi0rTm7OemBModcLa1CoTTTogVoI2PaE9aaLK kjKgqn1YA7hQkoSaZ4qnJNeWcVKbSvPjQFtuhJKRi3LZoMQzV0uWKoHVhpqYqqNQ2LLyz89bdxIT cG3HirDRZMu7K2Yyy8kJcTixAGoFSTHJu230vW79n/btx1/WoqI5A22+l63fs/7duMzk6Z2deje7 f9uZ/QIYWNHPpqhe2deje7f9uZ/QIYNytJVgdoCa0wgwAmbR7z3lu0zZ6ru2SLQU+pYeBl3HcAAF PMIpWp15RKmr4vWe67v5VD4QvAWWK71vopONdcgklRFfm16mrdvd/wDkEebpzPywz16AjSU04KKj Zq+fb/wCy1fGYDbzr9lOYG1FRS2oFSW8QSnLrVU6DTnHktfRU6klmQKKSrr+FxyqiUAEUA1Sa0xc wRDRu3u+/II8DTg0dA/wEZgU5S/Ljm6ads1xx9wEpLRAQcwBnUjU50Jpl9Xjl+nFLLbFkvBTbgQ9 vDpkdANcxQHSmfshtDTgpR0CnyBBu3a1335BAC89eSfbQxMt2aXZfg0TT4b6RTiCiQFVoSKDKmee kYVX4SiVRMrsx9LS8ICi4NejX6qLFOfKGjdu99+QR5unaU3wpywCAF5F8AtRSiz3VEAqV0wCEitS R1aZDrEeTt5p+Rm5lSrOxyTL+6LmaTTDiqD63X1CkMW7d778gj3du99+QQArN36QuSRNmzHksrXu wS4POBAVlrQYhTnyhujDunaU335BHu7e7/8AIIAywl36vJb9gzEgixbOE0h4LLqjLuO4SCmg6JFN Tryhv3b3f/kEG7e7/wDIIHUWk7tXFabvk5Z8xMB6VS+ht5bW6YrvG8NKKXXIJNcjl1a9Qm+b7TLr kzZTpwKUopZNSlFQEj2qzFaaZ8oaN05n5UZ69AR7u3e+/IIHItyt8DOrIZs9YAlHJjCtfSJThpQD 1TiyV10OUfX8WblSWS2zOuKICVyiqJUScqV6h6xBIFRzoGENOjR6n+AgDLiQAHQAOSBACo5fd5LL yxZZSWlpSd46ABXnllorPSgB64zu31aBZS1KLU4pR3qSodAUyI51rlpUZwybp3vtfkCDdO98PAIA pLOvT7ozqGESC0oUrCp7eBSQSlSgMtckkHkcs4r13ym5GTRM2hZpShxveNhNUqVplQ15mnPkIa92 6NHvyCAtOnV6v+AgCjkr1pmrRlJNci6yZmpSpSgaDDiTkOY+7nDA58Gr5jGPdu1rvvyCAtOqSQX9 RTzBAH2z8A39Ef8AiOQ9tvpet37P+3bjr5CcCEpGgFI5B22+l63fs/7duAOmdnXo3u3/AG5n9Ahm hZ2deje7f9uZ/QIZoAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIII IAI5A22+l63fs/7duOv45A22+l63fs/7duAOgLjPuouFd9KXVgCz2Mgo9gRf8S/3zniMEEAHEv8A fOeIwcS/3zniMEEAHEv9854jBxL/AHzniMEEAHEv9854jBxL/fOeIwQQAcS/3zniMHEv9854jBBA BxL/AHzniMHEv9854jBBABxL/fOeIwcS/wB854jBBABxL/fOeIwcS/3zniMEEAf/0tv8S/3zniMH Ev8AfOeIwQQAcS/3zniMHEv9854jBBABxL/fOeIwcS/3zniMEEAHEv8AfOeIwcS/3zniMEEAHEv9 854jBxL/AHzniMEEAHEv9854jHLG19Sl7UrZUpRUTuMya/0G4IIA/9k= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0047.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0047.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Emerging issues"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"250"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>4</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s256006" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s256006" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Emerging is= sues</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 56007" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s256007" class=3DHB> <div id=3D"_x0000_s256007_0_17" style=3D'position:absolute;top:35.5%;left:= 10.11%; width:39.32%;height:5.25%;white-space:nowrap'><span style=3D'position:abso= lute; top:0%;left:9.52%;width:90.47%;height:100.0%'><span class=3DHBB style=3D'position:absolute;left:-10.52%;top:.3em'>l</span><span lang=3DEN-= US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Age distribution </span></span></div> <div id=3D"_x0000_s256007_17_27" style=3D'position:absolute;top:41.75%;lef= t:10.11%; width:39.32%;height:5.25%;white-space:nowrap'><span style=3D'position:abso= lute; top:0%;left:9.52%;width:90.47%;height:100.0%'><span class=3DHBB style=3D'position:absolute;left:-10.52%;top:.3em'>l</span><span lang=3DEN-= US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.unece.org/stats/trend/"/><a href=3D"http://www.unece.org/stats/trend/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Fertility</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div id=3D"_x0000_s256007_27_53" style=3D'position:absolute;top:48.25%;lef= t:10.11%; width:39.32%;height:10.5%;white-space:nowrap'><span style=3D'position:abso= lute; top:0%;left:9.52%;width:90.47%;height:50.0%'><span class=3DHBB style=3D'po= sition: absolute;left:-10.52%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-fa= reast-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"url" href=3D"http://www.unece.org/stats/trend/"/><a href=3D"http://www.unece.org/stats/trend/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Labor force </a></span></span><span style=3D'position:absolute;top:50.0%;left:9.= 52%; width:90.47%;height:50.0%'><span lang=3DEN-US style=3D'mso-fareast-font-fa= mily: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"url" href=3D"http://www.unece.org/stats/trend/"/><a href=3D"http://www.unece.org/stats/trend/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">participation</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;mso-special-format: lastCR;display:none'> </span></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 56005" type=3D"#_x0000_m1032" href=3D"file:///C:\Documents%20and%20Settings\li\Desktop\attachments\fore= ver%20young.msg" target=3D"_blank" style=3D'position:absolute;left:408pt;top:2in;width:106= .25pt; height:293.25pt' o:spt=3D"75" o:preferrelative=3D"t" o:button=3D"f" path= =3D"m@4@5l@4@11@9@11@9@5xe" filled=3D"f" fillcolor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill opacity=3D"1" color2=3D"white [0]" o:opacity2=3D"1" recolor=3D"f"= rotate=3D"f" o:detectmouseclick=3D"t" type=3D"solid"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0047_image009.png" o:title=3D"trouble ahead"/> <v:shadow color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"t" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"half"/><p:animation= number=3D"3" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack" flag=3D= "17408"/><p:onmouseclick hyperlinktype=3D"otherFile"/></v:shape><![if !vml]><map name=3D"map_s5">= <area href=3D"file:///C:\Documents%20and%20Settings\li\Desktop\attachments\forev= er%20young.msg" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Dre= ct coords=3D"0, 0, 79, 217"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s256005" src=3D"slide0047_image010.jpg" usemap=3D"#map_= s5" style=3D'position:absolute;top:26.75%;left:56.74%;width:14.79%;height:54.2= 5%'><![endif]></p:slide></div> <p:animation number=3D"594295871"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256007_0_17" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_0_17" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_0_17" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"cli= ckEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256005" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode12" dur=3D"2.0" targetElement=3D"_x000= 0_s256005" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode13" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode14" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode15" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode16" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256007_17_27" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_17_27" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_17_27" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode19" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode20" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode21" o:presetID=3D"ppt_6" o:presetClass=3D"emphasi= s" o:presetSubType=3D"0x0" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"clic= kEffect"> <oa:animateScale id=3D"TimeNode22" dur=3D"2.0" fill=3D"hold" targetElement=3D"_x0000_s256005" by=3D"150.0,150.0"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode23" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode24" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode25" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode26" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256007_27_53" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode27" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_27_53" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode28" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_27_53" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s256007" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0047_image009.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAASoAAAM3CAMAAAC9M+1xAAAAYFBMVEX///9kZGa2t7gDAwNfkqjO z88wMDC3ydLN3ueFhofU5e0CpNsCVW/g4OGmqasvd4yXusnuMjf09PR90OwDg6rm8PTo6ekztuHy 9/jxX2N7p7j2+v38/PyXl5f3+PjCwsJXf0vLAAAAAWJLR0QAiAUdSAAAAAxjbVBQSkNtcDA3MTIA AAADSABzvAAATyhJREFUeF7tvQuDqjjTtc1BULwH249+mt2vexj+/7/81qoK54AB0VabzB5bIYFw UalUKicv3IIjAS/8/zT8P28LkwTCDZWrhGyoXEl5G6oNlTMB54ibVA1RHfvhr8TZUA1Rfey64eO4 oRopez1Su92GakxLbaic9feGaj6qi4G2FcArBXDvfW2orsiXAjp8fx1vRVUmeqvIt90yKtKRnGRl 4VwGfjRipauOuQOqWN0S9gxXx+3n47Acec4yjH+UgPPNK1S5Cyo/jsM4tkoNrFaDcAxVNJKn6C1R eV4SspjlXkYZKaVMZWDA/4EoIg5FldZClJc5fsdhlOshc0YP40Kvhurj6KarBJUfFmGYn1gWU4/l R8qQlE1IHFFlLKqqnHgUygjiGDJWdcYclou8VgHcf3+ftSxOGwuCCs/nJ1kYlgWekkIhggEiJQgK qjgMToaAf4r0SIy/ZX1GD+c4lLwaqv3eHZWQCShBcZi1UFHeTkSVgYsA0hALqoj/t8/g8AkXebUC 2BjtDlIlDyfyhYfvoOJBIIJ0MYgy8rXONKgAUM/oYcb/NahSOypIVSRaHGU0akkVYssZc/h3oEoh WtBXbbVOfZWKrgrDzMtEqFSaaqmqzpjDEQrgy9hVM/1VUuz04aROS4hL6jb+xSGp8iIUL/nOchrj R47YVOklCx7PVIdN4hGT6yUOwwv6/0zo5LdMUKzShE2RrIjjE/4GcRz5vpf6vh/7Gc7GcemdYKmq GVXgi596RaL/V2fMYUSO/OAlkIxlEqheOv8PzPyGyhn2hmpD5UzAOeImVRsqZwLOETep2lA5E3CO uEnVhsqZgHPETapuRZVJMw9tPA1Fq0disiFUp0Aj0N755Zyzp4s4IlVoFgfwEFSofNP1x+w7oSrh bfglqJSHoKI7IEkiOqUC6ajhmdSTA3Iy9wL4GfAzUzlELDgj4Ndj90TKaJnE05Ch0yd7SReDXapy 7VvBg0dxEufwOvkxPHdJDOkSVCifcWBOhnHCTgmJzn+IlfthUvi4CKIlcM/gT0UKV8KvkS7Gpyt0 7QzZUaH8pBAKPnjunXxIFbxVSBbRo8fkPOCbk4DoFw0qicWIHjrD2AeWsTTWxRadiOb0U3OxZM6O Ck9T4s0DFR4RTwoy+IRvr4UKB/QkYiV+g0pikQ5QUcfFZQ2Y94fn2Zx+D1R8cOAhKugZkarIz9DB 1UKF73qSqNB/YwqgxjKogBCi15OqN0OFGhD/4iCDXEApJZCdIg2holigvsARElNQaHAS2gjFNMxy etWDSGIRB6QqD7NUuYHkiV7n95Mq2lURnvGEL6iufHjIyQcyBJ85KrVEBn/oSdHwKJ1+EiBFoLGS GCSptmCe0WqgihfTA4oKvafvo9avqhGUuDpArbsEiNdrh4UNG5TOBtXYgKoeGRhfLx0WonrpZ16Y +Q2VM7gN1YbKmYBzxE2qNlTOBJwjblK1oXIm4Bxxk6oNlTMB54i/XqrQ5DftWTja0PbSz8Tip/31 qOhCEu8QHEaFuI3wiX9DVr8eFdwidEDC0cR+A/rn8BmnnuleaBXPX4+K4iQzX+hOw3hy+WRPwKAT z44qwdDYXxBEZFJM7LgBVZ7+bIj29w2RPp6qKDPVUxy6uX5yNL6jVDlXoHeK+HW4b0DvQBXqjnMM NgAe/cSwcenM64Tn1FUPRBVD0Ug/C/sIUBTlMw+TStgaWr8eVVSW2jkMk0rHFsjQAY4t2KQKZbtV AJWHSw/S60nV8Xg4YCkgPHD/Q46bUzw9ru8GqFx07suh2u925yOW1QCHy25/kJ+YDHo+7nfn8+6C /+TA+Xi87I/nvR3X70B13h93+G9/Oe747QAc+HPkgT0/+PuCk4fjx5nnLeG4/3aRolfXVWRwOVyO 5zOxEBXky/w5HM5n/ubh834PYBcbKsqcLt41L7xaAYQsnVHQzjvAECaUMBQ9ESBAlN+AeMF5IrUI Fcrsbj+PksR+NVSHHQvYGUVOtBVQiITpV+GF3wIRoCBklgBSl98gVZAf4SAK6nwmJxa5wx7HWRL5 GzAhWDgFtT8IrBLMwgkzJevFpAqMqjIGmYF+31M1ocF42FGvox68nA/7ixw97j+G5Y+15W7/K2pA ER4UMBQtFi/oI37B556/YB7gOz74XSL1AvQajYlfgerWZjQV1XForbuUxRcrgLeSEkVladhsqPrF j6So6rcCeEXmRKWLsttQXSueqqg2VNc4weriYoMSNqmapCW2p4mxoZpCpbansUk3VBOoxPasW88b qimpIqn6/IZqApWsLrihul73wbdcq/StBpxU6WKlt9wMWwEcwdVY6VWEDZUdVbfy20xQ58pvQ+Vc +W2oxlH1Kr8N1RgqafkNeiM2tT7kJaTERdUJG6oBKkvltxVAawEcI7X5q4a4Om3k1umtAPZZNW7P TVdNN5RtZoKm2KSqS67fRt4K4FgbeYLUJlVtaGJQWYdXbQWwK1yjZsKmq3qlUEmNK/1NrTdspkl1 dVVpRvNjiTJsWvBqUydvnTgyalAZmC2pwi5OZvkfmVTzclMnvwf7+c46IAbVVIrWYGw/N0t6ykJu ZgLljKmTrz0fkDLl9AQ6qqpGFWMRs9lTJ196PqAMDZqeT9iaD1ijwmKCmNg2G5XLILZ7xrlJV00Z VENdVaPSoem/aepke8DLqLXQMRaaBfAwtfsXTZ3UAS/Tzehuc9kPdepk4CfQ5r9p6qRD8euiCqqp k5GurPxrpk6OO17akvZLpk5OFS4pftdK3+avIiGd63Cd1dYG5I62o46XyQLoYvm802wIJzthcxiD gJudsKEiAdfit3VDuNkJm1TNKX6/Xapc7YRNqmYoql9ugrqa6TYnjItN9ZKLB4yY4o5m+vujkoVy JgKNTycz/ZVQRdxIIr+2m0TPC3qMT5OsZha/l6gBM6xBxl2orm0kBVRtNqOoqkjzit9LoJKF7XLu DiRbl8k/2dwso0MNe56Zbc++joHI0fHEj/1epQq/jseAB/AV80D2x0L8nbogx3V/QhPjBTwLYZRk stkgN3c5oePNL1Jubpbho+SeZzn2n8eCd9/4Ex/3YeyHhyMOh0S1xzJ4xSE8HpP4wK9HnBaCTj7i DsnnR5VhfzcsjwhMssArlpTE6pKyY5cc4V8cQ/hCfyeY4F98IhxK1dFPjlF8BKJ47/vHQL4KgLnF 7xUKIDtw45QSJXT8IkPHGwIoxWFiRI1nvvZxXKE6xQYVeAFeAZGCoCEYDebuenmlAsjdzeKUK27q ioncckq0FsoiAMqWSxkV/3e8r6UK4qNSRSEiv8KngCGIBltQ/F5BqrwwxR5noJNqOQv9E/cyS9PE R93IDdG8QlTYdxidoKW06IXRPgQlqKgjCt6R6usUHw4nI1Xzi99LoEo5LMDDpy6Gm3DxW+x0FmUx tjXzisLL8AsUv4o4SfZHyJMfHKHOE5EfLIKOPwE+UAwhYz5rwxmul1cqgP3WVjq2HCfVOuGoeWUW sDRLXDaHlha/l5CqDqvEr3fg7TN0H7OwpPi9HirdPdcaXFEtK34viGrc++GIalHtR431/Caoq2fI c0Q1y/PZNtd/H6org2PHW4W/DdVSRfULC+Di4vfrdJXzAAVLOfxdBfCG4vfLpGqxnfAL+wHdByj8 8gJ4U/H7VQXwtuL3q1DdYCf8Nl11k6L6TSbojYqqj6qaD/iaWylONpeHi5zN6QLsF8B6PuCLbqU4 OR9QV/i8KdjmAy7cStFpNt1PbSDI6X7r3FudQsYXu3ArxWeeD0hSt+4eaJsPuBCVsw/uThHHdZUu 3TVrgMI1a72SqjfbSnEFlT5wGJv5gG+2leKVlSaca8K2E6aaD/huWykudhF3KbZR1fMB32orRXrz XOawXZWut58PeLuVXjF8dy/oOpXfb2gur6XSf0GXaWfHgqvaaDrCmxfAtVT620vVapXf++sq61LE i4vhGxfAFSu/N5eqkUWbFwvV+w4akjbynNlGVxm+awFc06AyEN8VlUwgvSoosyK8K6o1Daq3lqp1 Daq3RrWuQfXGqNY2qN4X1eoG1buiOsruo6saVG+KSuypu5B6N2tdbPTbu/ys9tab2VWs+rAS8SzT 0jXye6GSVfhdH31uvHdCpWpqLgHn+G+EKiIpl6UYneGMd5k6D7uwL0uYcrUInTQrIcPaB+2QB97o XD7nW49G/L6jQldkK0qVLEfSmi2ry7bXocRs4vBerP5K4et2ItvGnS0UqLVRyVIInMpvAmf9twJP 3YuUghI1ZQAdzmfo+I9OoBlx3tcE52JbUaoMqiTyOXcds9SBCvPROcINE9bLMOSRBGsl+Gnmc4ny 9o8ojoGSMYPYb5Vil5Ip9jlAcZb3GeXw4+Of6fDxQa12Prfl7jq4O6CKc6wfUcRc+wDlERtykJkK XLU0OWb+syxyoRcs7M4fGZZ4iRgzjzPr6kvfF0rI7iKhs+C32FJ49N01QjZ+clEFd+7sDDFEdwdU iQcthefm56kkLXl2RQU0ABRGEYe9ZaGHUqo/ch9r4SBmFuqy3N1w2I3JiTzoZUhJEFxIoA6IeFXg /mnQ1eTWbwOaFW6AhJBK+cRI1ZMZYmpQ+WWcY0Uc3yc/rCmR6I8AZQ+owC+X9SXa4fs8Wp4+RKRa oAioJR9t2aiLGxSWUHOQQgG3V3lbUapYnPyC0gNIIASB0RGT+mlQlSyOumQJSyDkSH6w9CmqbjXq ecdKoM547rMWwEpbq5LamXJZK5/reqfCBt1G9a8VwKSC+/g4u+jNfhy7XcXVyyAQKHFAlcdYB8hL wwQrSzUAqLRCmFsnnCWgLMQR+QH9D72OmAF+NRXl9948wO4wyOiXWFK7+mV/XydkjdExKvbn857s LOQ+1kOFVYBYqGCFUjHjf8LgwmWRyBCtU54XxZVxVTMRq+pHlOEIY1ancGJfCdRlKPx/FdS+yb/j 4gHXgTbsKpND5O2yJqq51wp0dSV7OF5MgWjjqKOqJXX+20q7GqoOTMMNstZ6K+4PutZ666fRlQa/ Kk7/WAQKiwqpkupatPdBVXNbU627ox7G/D5AOdfhXGlYi4ZC2lwtqb72ujOqNduAC1GRkrXusRY8 rOhllFS77Mmt3xzVecy0/Ni3Jkq1XoIBdbGcfSAqLBqGqlubZ6aRNiIoK+mq2mKCUH3saDZp2F/O I+ZeBcra7H4gKl/tvySDdaOfY2ENVN+1QgKlo1PhNaBGOd402+964pYga8WNlexOaKTJ5zxUs+YD 1trJfZKe6PK1ZvW537Yfk1BgJhc0tPE/XU09z1wbm12qHOcD5vmhruD2jmnSPNVa75KOh+jWCX9X 0rfmA/ol/CA3oHIqRJ5XOwnGCpLlOsbJuZssqA/UVchi4qeQp8B8ziyATqgqDTX91N1LVaCGzcBO vMeigj8A7Xx4U/Rznq66jqrypnzMaSM4gnqoXcWFpbnwLd0D+rkuqqqxYjfBR+7lDOqhqGT5cjQb xAupnyNhgbFwqByVjdPkuhR639oqHrHbexd4bAF0yL0aFFwc1zkcaxPqH5uVPXqdXJswu/2gDWNN 8uqovmqfEyzyWSpK+2GcQT20ADpLibtUfTdNvN0M26BuE8N94CZRzPsrS9V37ZxzbLmYl/UXvgb1 3M3qYn1hVHttvFyumEN95SyubSl5dt/CqPC/LCrTepmjnmDJG0XOvmJ3fWBiviiqozbz5lR43/uG 03mmQAmsl0T1pdp85/7Af+tih03t3ZN1JO8lUR0J6sO5N/ZvU+7O88tdjeslUXm7fz5cn7nhdNk7 w30jE/Tr7KaU25wWFrvmRq8pVU6gWuVuqXp6fV3lQKqtn24rdy+uq66w+m7p8ZU4vaqxMEXqL/qu jDk+r1l4VVTfSle1Ma3M6Z2k6rslTbtb7YI3Mha6j/LVpgRMMxwrV0tdK8KLF8B832gmcavcCdPL tgEl48f9pdbf0tu5P9xsZU4K2WtKlQ5FrQMorWcTvJm/qiZ1Od9bll69YSNL1+wPs/y9czT4G9WA x6N778HNiKoLvKauWu3x51xoQ+VMa0O1oXIm4Bxxk6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZV GypnAs4RWxNym1WZWuszWb/OOL/I23ZtLGjejOMum4VhktrRMOP8qZnpY03fPl+vvhAUFYFjEVST nI7J9Pl9UmOzpt+PD06feJvXUKXN9JyguUGzKMeM80kz0tmavn2+QnE81U99TE41NX/6/N6vY1rT 79tzjk6+o4Pp16NK4tJxJaBfjwqTRZLxiW3t8ngNVd5cpizqhI3MzjhfNLrKmr59vl5ECAWoCiiA VfCnz6MAVsGavlUAr0xsu45q1nzA5fPxfjolQOj0Nqeq+ab5gBMz+l7i1BqonCi/RyTMm1lJV70H j4mnWK8GfHtUWMtmJbvq/VE5P+E1Y8H5Qu8fcUPl/I43VOugKtmsTWEo4k/Tqswxg9zLk8Z21zgw 67Mi6cySVo3Za49KcqSobPeCbgZN2f5snuBKeomI7CB9N1M4nHFpjm568zjN/W9FVYZ48gTrWWBJ Qr/EumdNnXqKg4CLM7YXrMqC8gQDJU6StuEb+wEWkOvVxlwkI8HifZEsJ8o0QZ1S0zdXSbAS5LX0 +qRYFDHuZ4qH8Vb695fHae7vTGpklunJ1x3TMZ3eGGhNq1KWHqTV1p30jKUKubBDe/kZTMRPZAmD to0HQlgYE5+MzSsxjaZsf/KUf+LVeumxsh0XSazT148aDjOF3A/Sa14s6a8yG9NVXKQRLJAr/4Sy 0rQqsX4xRIXrg3YX5YEnQ9aobbXSfb8Ms357lCn1phXqPMx0ddvWp7kKbmFpz6Kst9PrM2KV136m Mi6K2E8vj2NJf5XU6NxlWc8ygvR6WMQyPjU3PMUZlp+VDdXb6xexyWlWE61vmoYoxv32KCJFHVQp 1oGUlHZUw/Ysl40YoIq5amsvU1xjaXh/PE6xOqoUq2DJ62XJrhrgUjL1BbZX3cUqouaBm9cTptA7 /bea4ZpYlraWqhSxNGUhUqWfxuGqq7d2m/5IbZOKLORywO1M4c74Z3EdcFncllRflyeNMVUAqS5E clDm61albqVuymd9F2QUtVpXVxGS5qrXHsUaUXgqs9o2Na9J2ddVKri99KmU2yZ9nYU47WWK651B rIf3x+NY0l8lNoIq4mq7ack3GJQBlsOq65EsLFGD8bPtO5RFQQc1YMFqrlcDZWWBAtTUQGHEGqld 9zU1IO7UurM+CxRgSc5VDSoHM7+UGrCbKVVUvfvr46xXA3ooBgWWKaLtFPnSv1K3KnORtFzO1eGk q6liGePWwayQ7oZuezSFBsFBmCAak15ErNQqKdufgiXxYVF002PRad66Tq+oTpKdXqYgrTzaTW8e p5u+/Sij3zdr3QkTI22oNlTOBJwjblK1oXIm4Bxxk6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZV GypnAs4RN6naUDkTcI64SdWtqLivkdmVE3499XR3fHnON3ifiCN7mWKDrVLH/eXotdJuqFmLHb8P ofpJ7KjYr5mZIZKQqg2ViopNWORYGRfcuw2yhZ/od8dubuwoR5cX+gZ06052dXM3TtkA5iRf0X2B kQp+hkPwt6Mr/sQd4PDLRy9zleolZW4KVViiG0u3l0QPcI7vYYFukQz9S9jNTnq5scOibAbIjTkj 9uhxW0H0gaJPK+XGnTG2V0yZEgCTJtXboVJ5kk/TxYafGJ6B3mHdZJGo0ANtdunUjj2MnkEXjJ+z W0l2CSRhdsZA5OpUb4RKdkggiwqV9inzH0oZuqcaVCVQ6cacRreh7y4uTvwBhhWqPDxRqirA74QK Xb6i1itUgY580QEfCG2p0g076u5yFEn0tErRlWEEkgzx9Z/jcPpnZDkyxJ+7cbZQYYsXbNKJvUqp jPDVbN3JAshfujGnoQBOGP/BbZq1X15QYbwW6gfd8PNVw4i1LiYoajB0AbPfGH28MB/kp27LYbbu pK6SEWVVfH5FXzH1e84PbNOJNNwsF0ebVC9J69aGzcTOZy/JYyLTt6IqZu5s/sL8bkX1wo8+N+sb KmdiG6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZVd0QlDbyxkA22bRwekbTRdSuf45rXCZmMe9bP 5WG+VNEf0w+YI6RheNIWHRHrOW7jF4PLdVGAmwyTBTBnpA4c0k3n9aLL1YnmoyotqOBQ1zA8aYuO iMn4BuPVxZZKFfw8Cdw+bVS6ufn4LZ0YLkWVoN8hiNmzE8dFEbKzgn0VnCiBDgq+0pK+9EDgydzB 5MRPnqXPSz0S8H1VR/DDCwL0XcjF/AjuLszHiGXfWu3xcA24OWYsQbayAnKZlacT3wumBtwDVXSy Bn3NIiacFJWmGWfbnOCOSkSq4CDFBJKY3Q7cwTjADIcYk088+NkxtwJ+PfhL5Sy8oZLvAjRxhGDl Xxnn+M6L0V+YYJ/tjPNhsnSgZapNxOtN1/WL0sRsKfQNwQUbkFeYcP5GINNAbwpWqbqOKg4wCwez akN4PEFQXxg+ASaMkCmg4fxGTtXxpbDhTddn6XOWFNqRASiBQcWZdXJK/9cuD8xJG4RJVHEenzCR hyv76EsgNnSt/Qwq9jtgXg8fukAhaqHKeSrPY6hziQR4PGtQ6dk+KihclSp5uAYVLo3Oizzm2+iG SVSYWMiJVKxQGlQ/oqs4gkGEWfNRPR2gFZi7pF0S6B9EJyAjQWWhnGHxNGhrRJCznNEsFyACXgVT t2yozJxdS2UxWZJOIdBjMuAjpGoyI5h55gcp+ily9jRwgnmMbgh2JWfojOB3UTT4XyLl6DXFEU73 RleFnuWkXgLHpdhnwcn0klTlgBdjxY7/0SftM/W8olOi7zZkWaaukgLuRwX6uRcaHxWN+TVgVnIC n6f/40P6ISIpIui44FQ1HsjkACOxO4JH/Ii/9Kx0SrR+yGF0fCAqkONiVOT8P+cb0K3JZwQAKpAm Q5UjA3gy1BRFwWvdEuajWnq3W+vqpfddLd3jUAWzjKPVHnC9Cz0O1Xp5/qErbaicwc9HlY61Oodt Q/sikun1tV6jmzRwAG0ejVR3N2RyPqqR9q+xsTrvqNVibR0fvQDimBQ0H5YHNJZlBJ0tDA87Z/IH UNE0HAsjDzgPW8IxcDeismTSiur4aQ26L5kIBdfgYJMfTT3NFNd/EI8BF2JBywW/sXaHHE/RiOan pGEUKYA4cdIjYqjDlMUF4jAu0I7h4eYONk7R3ho0KlYXCDgYp7p3oPdZkMnOra2oPv9nDccGFbwr MH/x26wBrc4B+BWwRlEBzwFg4Z8c5Los4l2QNDDI9YXhRIbWDVuyQgstHtNQwjdEqe9glaju9nL1 PnMaN0ZrgIt86L15VdyZI8ZmZ3IVVBhAi38lfBwYDqvEOH4qwTJEdJug/QKNUTVVtBnMBGjIqliK cxRZxw8lVP+rjlZ3WIAKbi54YrSZJPfGteg2m5vJ7q0XFkCMai9TtuXQaGAL2OQi4SIkMVq5pzgq KS963KBCGrqOFJU0uqdQ1XeYXQBFvIGqubdca34mHVBZX2R1EK4Cvic22SDSwMSmLWRbFBS+ie8T I5LxTUqAFkBKD9Ng6Rw4GiQBxmtjOSagrYqeKYAGYHWHycxYT4ryDJt7650XZPJmVHDoUiGjpMFh XBq1ruMZoZpPwIRbwD0An16c4i+lj45fpoGql4h0PcTwcrJcMKpUAXIBKZAoO/Ud5qOSUfcywhf3 YzHUO1eDLmdk8rqump+76RQiiM8ermZyvl214JFHOrgWXOmOSa5m8iGoJntZ7/j0sy59NZMPQTUr y3eObKbuLbjL70FlWjpY6XFh+HWoFnKSOvX9ZkTCWIf1JnPxsNQfem/YNPVD2iH4ZpqqMHVmui/e ERVsONpp7JDXRqYwY8GjdVU1VWe7xN4SFaBoA9Cg0v5lopL/pakazR5o87aoqj59hdRFJU3VXFsN 7uEtUaEAauOTva5DVNJURaNwQ4UROWgfSwOQCp4DTcgMB6pCyFYg2qAzm1vvKFXuZWpWzA2VM64N 1YbKmYBzxE2qNlTOBJwjblK1oXImYImI3ib28PTCJlUWVIXPZVk2VG7iZtk11ypVafB7g84mqMY2 t7laUZXcU+aXhlzodHe+UGDPp6u+642A7/1lYqd4HXzfDc+H6qvaCf7uf3UQlC3oMmYbqvoVjKOy lb8nLIDPIFW28rehspW/L2sXxaar3OysGTUg9pWMoij9ym+cK309Y1cK4PF83h8P58v+cNzj43A5 n4/7Mz4O5zN/IFzwHXH2OIt/42FcV1lz6SpVndmUaCKBW5arDbJyuIIKfC57kNodz7v9DjBA5nIG lt0enzuMpsX/O8Q5Xi7A+tOo2tN1MY8rjaL8K/93JWRXUEF+zgSxO+4O+Ib/z/gufw4HftsD3R4S R1SXSYPjTlL1X/4FIhAn+7RmPRqItKGU/ncDtmlUfHpQolxdjmByIBfIEcAxsOwJuj1KI1AB38ML YPvZFRu4BRPcgK10WHdiyPQKqt2ObLRwiTjtjvsd8AgVAAI6hQgFhi8/jKr9eP+i6AEbwNixzZ/Z dqUA7o4sYxAfFD6occoYyx6pHaDNBZ1ApOaaVFWHOxVApxKV5xnKXw/bXFjTqERQWMbkg8odAoXq joTwoepqB0WPvzj/E7rKCVU7UsZSqpI2D9Y0KsrSAcKCv5cdtPfujMK2wydFCKVwjwKKuhFydsHP 6WbkT0rVgOd/FawZ1aNzwwYlEULE/5tv/GGONn/GgN0J1d//fc4WLCb418CKnGE5o7rZ83AnVH/+ 978/E/6dCYxzYb06qr8ylWuZYM2UrGdAhRE0w1mqrg2bvxCrxYI1C9YzoLIubeSKyvOOtwiW92+q 9up1nfUEDmPMmXL1ggZYvcQSPgSW/ZzD0URNB+5J/cRB9reQ6VNODuMstQcVrEs+cvrq4Vxbiqd0 6gojc23tM3BvOhrZMszmK7exGAqWewEk5L8yVfePzsxdElKVrGiiPf0EugprAem+Dp0wD1Wtsf4u 4SRprsJ6AlSYz7kCKs/TOeDLBesarCdAhSHINxgLLSn6Ervhc7lgTcN6AlQy2fXmAigXUME6LC6E 3IpDNbzFU/8MqKxPNldX6UVUsP7cIFhYwGsE1puhWkOwxmC9HSrv+3bBssN6P1SVYC1sQhttYCmG 74iqEqxlvplKcxpYzdjLt0TleYebmtCGVu0qNVXGzS471wvcybU3Yhjc5pupLtqB9aZShWddRbC8 Fqz3RVU1oWdK80BKa1jfruXn5ngzs7zMBO0+6G1Ov/paFSz06j0m/AAqI1i3NKGVl4EVPIbUD/Uu H29uQiss073zGMEalSqzTHNPSaxRAFtN6Bt8MyZj/8rgh4cI1igqLv59wxybq4bm7b4ZhfV9kIY0 xyHcN4wXQKw/ZwnOE0f+2Z3L6ekk5U4M0v2Nk06AqRDBmhqSNDFaacYpW07pFsLeA65D/IcTRwrZ YcAviqnpJEUhGuv/kslYLhNSCsF082VcbtWPw0GbWDgf2wH3g6uu0s0YPs5XyuHN3mQUQBa7w141 1l2L4OizYFF8y9pNrqi8w073P7lMWyPGN3NVs400lHC4stZFsMp72g1TT3JbN8SXgbWbruZUsJb7 ZipURxGskwwLuk+YQnVrP+D3RSXrYz8uFOgsvGl4Qy1VwCOCdT+7YRQVOsBde5cnQOzNfkT7qSJ2 UxO61Vw2ghXdSbDGTdB6u7U2CWddVSc6mO12LhOwjGDNbGTpLbqehXsK1szszUeFh6mU1sS9lgtW F5URrLu0dB6ACrAqpTXeF2iGN8yvCgf+qrsJ1kNQwfqpldaoYlvomxmgOupw0vUF60GoAGh/TWkZ wZrZsWrzgt5HsB6HCs7ia0pLBWtej70N1X0E65GoGqW1G8GhVeGsoSAjvvU7CNZjUUFpnY1ZerYr La0KZ/ixRrshVtdYj0bVUlr2trS2Ct0bOuM9Nms7/X4AVaO07G1pHRXpmrGpzi0RrNWa0K45MsVl iQlqK2mTbWnjIJ1qODbnJvsBTRN6nebzD6GC0ppqS6tgOdmjV7pMV/TN/BgqKq3xtrS7PXoF1Yq+ mQlUuWV51bUKoClA421pZ3v0ekf8WnbDBCrbvqcro5pqSzvaow4TRyKBFd3qTR7XBxYf6MiiTDet X1UkpsHzkXR7LYrk/0RjTfdluHUdSJ/OyS3uvFiydgS2xh7WQc6dW7O6rIxZ+o8fdTvEzmKPXiZ7 ydw6p7TnS4ktDmOdWxy37ojKrVafjFW1pXuuZQd79Mupm6b2Ji8vhaNdpty3z7INxOq6qvGWmrZ0 D9ZVe/S6Wler6vYm9JhaxyLk2KhwcT/gEkGrzNKuH/6aPeqK6vZuiim76qFSJX5yY5Z2/fDT9ugM VDcK1hSqB+qqSgorG74Da9IenYEKgnVLE/onrXVrKbXBmrJH56E6HJb7Zp4OVdM6bEuWurFsDsG5 qFSwTtNrmljb10+Iygpr1D86G5URrPmwnhJVC1aTvxH/6AJUpgnNkTNz3DNPiqrxO+zqHNrt0QWo wEcdWadgTqf986KqnTQNLJs9ugwVFik07Rv3/sJnRjWEZbFHF6Ki+W6GRLpq+OdGNYQ1sEcXo+IK TQaW20CjZ0c1gNV3Y92Aijp9htJ6flSedzYjS9Ws6tmjN6JqYF1VWq+ACr1hHVgde/RmVNDwbkrr NVD1YLXt0dtRtTT8ZJ/hOKqTb1lI937+qqtum45kNfboGqiotCoNP25pjaJKsCflkNUPoupKVm2P roXqWNvwY0prqgC6jjAeW5Tp6qpLMyPkufErf+zzNL9IJ8VxzUWZAqwAJZ071sWbRhdlYkdE6eYF HVnq6z4LdJluVl5cvA0fq94mMT0VzguMyYwt7ET8uG6Iq5qqNUhBnfAcDK/26J/P/fLOhUHKSmlh MdpemBgXkD3r7ki1E94s6Gd4pbIc6gphxCyd0lU3TBz5e543THGGVIkTvureUXvUBMrXKrzsbekp VDdMRzrssFDwTJttFq4a1tf+UwavrcvL1pYefRzsYR0un2WKJZURLvuZw4Xn0KqHaGFjh+NhwOuQ 3lYch23p8TcfBZaMu9pVh7OwgmjdsSBWPRZU8tjv4dCXr8/PG3l1ldbMQuKKCq3ahtbMe8wQrRYs qRV3l/NnT75u41XBolk68zHcUeGBv7GauYbJiVsz0Ayjfp93ZiSNMbgIbHf509Vfn/ul8tVqS98T FauqitblcCe19UXr53zZffSIfXz83zq8ag1fOi9sLm90llSpDNxZbWkbUKzFPSSsD+z/ZJBWUz8u ky9t78zbGGUBKqotrRBREGcKsUPZbDeXFRgEuQesy4vm1wHNT13N3zFAaVmGm03lbxGqu6oti2dB 5sijCu4C68kXGkRg9vmJjZKcsB33Mzd3WoqKaquxH9ZUW6NOGAUGJVbre3zp82oMV8W2n8A2s0Tc gOpOauvaYGwLsDFedfuog60upQ9FBbW1r9TWtdUqHNSURHFy7YkS60sYZayr9Ds1gPxol9KZm9Ld JlXybLCENKzT7HFCZcY42oFpAQW2K9z+uL49jbcCqpUL4gxULWDcNhBv66NvXExh+xFUazZ7ZqOq rYPac4edAqEWrmIbRZVh3Oxyz4KDrK7U7FmOqm1R1diwNxe1qY3bx9hDoQ/iBn+VA6qVmj0OE0cW u5OxE97lcqmwjaLCk1h2XrbqquUTR4rCr1rUlwJh3qSNB8VmxpBR37dlT+3SLB56rO4xcaS2H5KC GyrOmnLygLXQzDisosDCa8MgFkQe3n+SmymnjdrChpD7L6cpk1URd5s4sqgMYtNcbqaLMqjGzahW sfTXrGUsWO5ZN3s0V+d97mgcr6PWK+cEGtttOpV2mEZl3SJ+JbvK/nrYYOvmDV7zq8BuQaWy1hOe bh7qX5fLeUyqfKxLOHQ7rGOCjteP3zkqnSGwiXUX5qKah4ebWEPQhOjoWyup8gfPdG9UekMAq3V9 1QrCRsBWL4gLKsUzUbZaLweaSeiYzuWW8XVVwLu0HoNK7/nXCmyfd104I6iMHnfCI3TseNpm6hOj agHrl8l9A6yFanHZcvOHPj0qI9U5dk+2APvGwry1ZoZ09KL0tF4lPYapo6+4ivYqqJQYuxr6wK7R GVM9M0Hdtx/QrSE4P9bXEFhbfBxVz69ApXC/2nZFjceo89kcHBK8VgEcSuA3DMhlqscBTjfKq6Ny 863PxmJLsKFyxrih2lA5E3COuEnVhsqZgHPEcalKw7X2Mp1vZM5I4eJZcKYxGXEU1Sn2H+YwnkFm EPWePTZdN/OEHztxRfXQiSOrzhO5/WLaVeqM6lHTkayzl9acjjS9hfzEdCRnVLeUn5vTPoGumiFV Nz/uLRfYUDnTewZUfmixFh7pW3ej9QyorDndULm9QMTaUG2oHAz6rbnsAEmjbKg2VM4EnCNuUrWh cibgHHGTqg2VMwHniC8vVd/Oj9qKOGMiYJNq1hBVd2vdsrv1dTN3WSLXVQXbpPxFiYYzHqaeybVh s+yp5+VF87nsqVdFxYkjw2ldGyqLIPm+57p+lS31zNmrKiCLEi1ZZshflGgse9jwIBuuTe84G6L0 rVMHrmwavyzRkr0x/EWJbM/EgkdMjqgsc2wWzZZZlmhJqkWzeaw3oqTNQHW9bnvvGFiTMH/sNhov yxN9y8mGyun13WYsON3ivSO52lXvTcHp6TZUTpgYaUO1oXIm4BxxRKpyzhwsYh+2K5qOmBuXxNU4 Nv2tn93QJMJqrYjPbb7MDEQcgG0XDFuhiIM2tZ7QezR30qOWO7UTSSZbd0JyJBq9k7l6hvFTrUR6 D0ui9gPaUQXcyAy75LHRKAYGd8wzrNTgsCxc206EFL5X1qMEozgrY0yeznCdTsAhLFaqJ/QezZ1M 9OGdeonQuG3ulEpLd/RO1dU5OblJpE9jSdTJq70NmHCxVUpE6OERSSat7Ff9rZ+dkLYSUQnmXjNK 8ORjOr78DrvOjQyyFpoTeo/mThrdcqd2opQi1boT7mx+W+9kri5ryTbZ03tYsncdlaKoULHsNK2i EsKa47yUqG5oEnleigv4vhQGhCz2sXABV5serjjtAw9PRHqP5k4a3Xonr0qEKFxuuLmTB7YTdzJX j1OIQZNI72HPXvOII7qKT80CGHqRn2GCuN4iKINMf+unBZUmQj5Q9gs+gyQiqpM9Lz700RAVE2nW rXeqE5V8C+07eenknfQ5MCYPX5rs6T1uQIVXZ1QLeGb04GCkpfg11UExcFOIHJtERvxZGHw/h2xn Yc4VMfqyCPHAQTmh96jv1Irev1MrkYdXIEHvxOzhIqN3kqvnYRmFUt80ifA0tkRtYRiRKrMwtM4L hwbxg9YqKdrqHra9W4mg1CVASTFoLnCw7zHLBKme0Hs0d6qj9+/UTlQvc2PupKhG7yRXzxOsUSwZ axLhHpZEbVIjJmjg41IQZTAJ/IS6MKwWQNbf+tkNrUTCBlURCwpDGkslLcWwE8oQkcwJvUdzJ41u uVM7kR8neJ/NnRLcCfcYu1N9dQhqk8jcY5jIAVWKlVy8LFAhlYVksqCquvS3ZUHkdiJdfEYvoF+l EtDPVsi4Zkx1Qu/R3EmjD+/UToSbcvWI5k65ZnTsTtXVuZ9Bk8jcY5DIAVXvgbafJLC1AZ3lYEO1 oXIm4Bxxk6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZVGypnAs4RN6naUDkTcI64SdWtqODVa69f kcEH5BvnU/XX3AIOvsiy1EWVgesDZ4fD45rMS6dFxi4M92CulyONeNBWCyNShd6atsOSWbajoj99 ApWla6qf9auoEp9vyjno9dBZlNLZPvEWna9oIo6hKqXnkR7FHH0ucVFGEb8HHv/iEDMPLyK6OqOo pOjwtJd5+hYlgp7myYjezNqN6mUZzjCiOB/5aPLLQ58eIlJ4+ZPXwCvKMyyTi84DHs4ZL+I3dk5J OnGr4nLVNaJcUGn/iW/2bkUk0tZsIGWW5bjwcOndaXjjUuUXZeyjlyCM/VOIhWqRbXR6xyf8DeME PaLwYie5HyYFOlBy/Ai4W6p0pjBNddrHA/MczpjCmIUs3ohB57agwhos0nFTyj/0NyfseuQ1yixE 97ifwzXPTmh0l+OL9vuRFPJRskMdneF6jdj3BVUccHRzzFIo/RI4bbKBTDOfZYCo02j6Z8dQmR4E Zp29LXgDCb4yNf9G0s/HviHppUE/S8EeHBY3k1N52Xoa4hnF7EKtAjoXTULG5j/tCiz8LEzQCw1O 6EqR+5bgy5U0EMk/MZ7cjx+m3OLijFLoNQI8vWbAL/kygY/Cjkv5J8mGJpa+3eFuwVfIjaEqpN82 xkurehL9UjuvINU4hBvjdetdgYqRtNNec4qf9WnIECK2dLNExL8U12eCLMQXdLPk8ekUB9KdibNy Xy4RD1S8MO7Ibhaua4PREbH0iiWMQIyQPhwKDFXJBb6zC5nx0W0Vo3JgNupc4eZzNCCLyrDns3pW 3kbLhPzfQ5WgN868IKJCB08XVXPaLDINEOa1VaggDkaqzAn026OwUUAgHnLfE2SDzwxUuEyFqqos 0AmoHcWQdHlFPVTmCLLGERMsB61M20bGTsrVFKr4lIem/z+AdkV20qwQqQLDHGMMoB0oH0Clo2ba UlWfjjAMJough5HXk9CqUIW4BnQhuukLrQ44YYMygsub+0YBxIGlKs105AT6oFHZoL+QCVA3Qmf5 fgDZkmtApwcibj7eZO5xvIjofeqlktmoc4U6QysA9zCCSiyDFAodpRxfIa15EfEPdDvsCClNUNZ4 iAR55KgBDsOh1aCFlLqtPg2hP+WiiFVBcMgD/wVxkqRQuHgNOg7kVHgRLqOGFK+BCr+ICohDLsOw eG1cDAxi2ZIAGgLlNUsKvCa9hl5SzjB5tR1NwA1vmQ3NFfMJ1X7d5utwXGStVwPM3N+Ixmzr9rlp J+Pb1lDqJGhVKotvvAzV7NrD5G+mInV7KlgPvbFUvXRGBt2uNh5rEapbb7pyerWeJoLYrzeHd0B1 MwS3CzihylrjV3S9PmnL/LLghKrd6NUadmjrBtT1a2jPp30BTqjMGDN5iBFUOdpY7TG7T/vAyzNm R6VGShJJEzdhgwABB2XMsTRIMAiT1g9aIloiYd9I4+2Nw9gAR5rMaN9jxCEMcR1FCIsZFjCbIjCd 2WbGz4i2nXCMMXDwrcvfWBswo69C26kQJdFVBCEtLhnTjlYOWiymBU1WeZL5Aez79xUru1Tl4YlS pahKRVW37tWFAX+J70cdLyfiirvmTYMdFSDpP6CAn0jUOh1kFKb6C03vNir6mLzkmjn4uhztqEo6 KtnQBwo6ONXDIX7G0I/g9kPxhEKXmTNeapoVnFCgTtD3DCNqPU/hrk7xQU+0uK6pjkSF070t/QIc rMvz1UIXlVP8PUGtMmw2uUsj+PmAO5mgz5ftn8jRhsqZ+oZqQ+VMwDniJlUbKmcCzhE3qdpQORNw jrhJ1f1RsSOT/0tgH2Tb267+ZPRKwilfH1/Z74erP9aLsViq2D1eD7sBqq47hqjY843O6dqDNbPf +8rbRg99Plg/xFlClkRcjIoduvhfWsxZicEMzaCzPBWpEki5DCTjmDNMQmeXPiVBxoTdGKpudBkt h1dSj2+T8XNo6+MeEOgVe5bsqHYfE0H3dzeoOIQJA9JijEmrBp3BLw/XO0dicDURGUjGMWcctKZj yPDRm+3dx/ZnKmhklVHMHw9zDlGrx7dhiJmOn4sj+rkte70vfUd2VB//TIRDG5UZ0dMadGZcgPIc ZiCZPhn+6Riy6W5zXv1/U6FClWF+t4704gVb49vE8W+Or9gzsgIqcSCLrpLRXsb1Lg8EYaL0VWPO zBgyjEW88madUGFxAy5DhItRwqqRSPX4OdzYL9Djtlqwo5pcaFoXlOZwOLxQM6TOoDKjHpseVVlU hEMQVaqM7pchU1Ohuzld75cmxDXxUlRjtVHV4+dw40DGLa0VFqv1FPUbMqpOZZUqGXQG73ueYgSb jOWFtvB9jPkyY87QHcYxZBiSdvvLLmKu4wLBgq+2jaoePycj2NAxsFpYjIpWE4DAtKJRZcakyWgv HcHGVUTY74oCgdG8HCAGhStjyNBxNncYpu1xcRUZD8ch9pQyM76tHj9Ho09W8lkrLEe1Vg7ueR0s /LVeeGdUiT9/xPUE2XdGJWboeuGtUa2HSevZNTXfunmbvBqXGFqx1eKQ88WoyjCudmZErVfnegUz wCHXiMKFq17EsyDD+bWzFO3T2h/SHgvp9swLY10df73wuuPJlksVDc/IK7COXpIXmNoFuybJUth8 aRQt2hSilcl8Kmg8QYXpSrTSYLOdODuMZlt0bSXUxQjtqC67iaCeBZlOhMzC9+KXKSYMcpCfz/Ee mBIX3KgAT1PBoPIxg5TDCaVNUIYYxQRzF7NK0NyxrCu/GFCTcAEqrYGhq5hRmZ+hc5a8nBMWW1Pd lmfPBRV0lZZ7zkfU2T0nShocZPdRmAtQ1VLFObs6p0v/6OTFZlLSclQBqrexYAZwmQKIGyZ4Q4pK ZrQhG806ssuzMEx5k67iezWoIg6AFP/LGqgcnrBCpbMwjVSxHWPZrMfhcg5RbkAVBZzIaVAlBRzC nAz7KFTix8HdMdASI+XM9DrINVxUq07uvqarHBinurZrwdljGLKWFFmZ5HB5FF6KJv2azVR7ZuB7 0bnlMlKOQ+KoLsVrLxPB1w+LpWr9rDz7FTdUzm9oQ7WhcibgHHGTqg2VMwHniJtU9VCVspAM2rUD hBuqLhIsB4TVECJ8DmbAbKi6qCBN6KwDp+FCBxuqLirMK5Y5V/X6PNcaNgEXyfp1QZf9CNGfOwNV lv7G8B8b4AWn1c5A5VyBdiN+fS1M+DzJFBJchu2p7Zq9VXTV1+F82cmYrMvMfdefh5HJCWbOsptg 9Rrw+7C/XD6649ZeHdZJBs+oddUNV6XqcDkfDuojbsLhMEDUDPPbP52orJOhq6guFQOMDt1dEHpS JKc/Pi6XAwY+7jXye8JyR2UbHVohql/bt5L90PGi7xWuoqLCHoyiJaL9warCK1j9Mvv62K6iqh7x +0AFhXA+XDEJvnYiWbvXtxxmqvUl0vClYrh7dcvhvqhMuTsorLcqhc4F0E26zrtKoWtl+E5ytS6q M0aF1JXfmVXhG7FaF9VfDqCpWVGw3ojVuqi8rzdmtTIqZVVrcxqkH25a7vljrY1KWdUmFU2s3fNT cMrh6qjel9X6qN6W1R1QdVl90xh9C1fDPVC9Kau7oPKObd3+LnJ1H1TeocOKTZzX92DdCZWy+msq 4eNbNJ3vhUpYXd6K1d1QKauqtfwOcnU/VFoGz0awxCfz2u6rO6JSVru9wnp9VvdEpTZDBevlWd0V lWcEayfWurB6Ybv9zqhqWDSrRLe/Lqu7o/L+7rUYAtZrs7o/Kq+CdflSVmcn79DzRXoEKsBi/wTM rK8j/QxP7evDlhcYCoMF0wfv6jGoPO9bYZ2lN/WZWWEl+YwD94asHoWqhrW3svre75+jGwxbESBg 4vhwTxA7qruMBc0jLYVk9ZG3Bpvu5dA/H5fDz45A5VhQ7kQj26oMl+qwo7phhPHHx9TIZK0MCaaK JZ3QTZhMfecxzxxhzI1WqmXWetpq7QJ45NpvWFTw8/NwtDT5jOUAKUJf6vFcj0b6qAhSk+1/cAyN DpjFWhtcMvDOwzt6y+QR2mf7lka/f/zTxURUzTAulMUfMhYwEhTqyg+wsMW9UX3+sSwp+KcjJl+6 4IXqJxGnKnwdzzo26+e8EFihE7oKn9W2Tw2wtQugXPl4PHx+ohQ21D4rJ5+cV5fDroXpvGdXq7gC D0bJ/5BY6cbi3E3l3lLVu/4XoQmxjuKqGjtaJe5lPRCyMob8N1vWP1UER1/RXaSqz0vE609HsIzK MpgkAduKFVDq/R8Sqx9F5XkqWF05yduYJH/UYYbn1xP6IB4hVaDwrYI1bZF/N0XQo3p/MrF6EKpK sDp2wwAF1b3xZ1GsjOZ6FmIPQZWeovS/vypYk+Yl29QmAodmPUezsHpVD0EVcT2qINqLxuraDSYf /6XlKfrX4wDJix76Birz9UnE6iGoqpW7gtOFotVv8GRRoDGytsXwdGL1EFReHpUtXB3ByitOjBCJ xaBFkGL1VI6tx6DCk//bZgI74V8eQ7EzIUhTKaVZYzHQDv3BhvOg2D8MFe/cwVU2nMqU4DIphnRq marvycTqoagGuIRNs9CwqP9TbTEcnqt583BUxPVfqgqKav7Qbu9kwgplUAveczVvfgQVMXztpTak qdWi9a8qL2MxPJdY/Rgq0tKmIWl91tZmrqxUXT2VWP0kKjstFaxCiuBTtZp/GJXQqlyAlWyJ2QB7 FOGZWs0/j4rWZo/Wf6L0aUBQrJ6lefMUqNq0/oiSotkgi0JYmjeYSP4jw/+eBVVDSxX8Hqzojxm0 mnUS+U8MPXoiVABDR41xaVG5sxqkWDXNGzMn+kdah8+FyjvAchCp8v6luqLwtJo3Mt4BXnf5eLgz 68lQ/QUqI0O03AuzeAoPmbUu/vk4ezIV5eEK68lQeU0JFNXOsX5ih5p1Lv4xM6NlPRU1Ux8Wng1V UwKx4jZZHT02b0wfPQb+mSBjcB+75sWzoWIJrDrB/pMmzhfFSsK5rZ5krOTHI/1Zz4aKXYZ1tw7N 9svuS6n07QNVWA/sg346VO0S6Elz8AI91Sze0FJND1ZYT4eK+5jWoiIWA7x/I+VMFNbDrIbnQ4US qI0bhv/UMXqKOPhwGGTA8se6zRzuKYj9H4e7PT4fqi+IVcsz+u8kLFVYqzZzZGMQbNI6GI39fKg6 JZCCdLioZFmGPJmGz5pWA7ct8jAazXWAYxr8YIAV+qd9+xI9zgZWNMxWmYghEZS355gesizMsGHK jBHGZfKDoUAJ7Ny+QL+EgXVKkqKXtaLQNmH/+PwnYNcRxoLqvseug7Ef1liw3qjVuDHnOezjokor kD7DbhCrYRVzNAqTBNseYi8j1yH+P4uqUwdqVshqX1WH5aA6FCN1De2elSV2eeLmXcPd4J5QrXvf KIE9F8tf9s8fvLo67A9q/RaH3zptQpS+FzEWIEPDEugZVhjmMFId6tp+65pY3cL1jFLVcvA1ma1Y YYsLA6u36auusHnHPounRNVy8LVYceC2tnB0IIj2U7TCetrdqqufEpWtBOrA9mr445dUh/0dqFfT 7i+EquNeqPPdWZtO+gr7VaFq91XbOQ2155SqQeNGM9xlRSNr8PpFu9/H4fekqNoOvhYOWeOiaktz IMhw00QWwvtMpHhSVPYSqBOZ6vWLqK/66kpXvrhLPfikqEZKYI+VTV1pJ+s91NWzorI0brQgilyZ MvmfVV1Jt8Ud1NWzouo5+Fr6is3Bs/ltV1ccPnMHdfWsqEZLoDadK1aPVFdPi2q0BBpWph4cV1er d3s9LSqLe6EuheK+UlYT6mrt8R9Pi4qNGw6oZfjsS4ismqKa+3HW1fOiqocf63yvzvh2mYpjZu8+ TF09LyqWwE740944RybVq7DZ1RVbg+uqq+dFpa2+I8LBNr5d2oNSEdrVlfQQrqqunhxVpcmb2QD/ +zTWpaxsIWtpPkhdvQgqClizMIjSEr+oVIQcBTLsqV+7Mfg6qICkNb5dnOhVRchRIMP9/GR+wIrq 6qVQUZQO1dwJQqgqQhbB4cokK6urV0NFYapoYcK4VIRwI6AWHLr5ZBXE9RqDr4iqmfP1+W0qQg5H 7vXgEOqq6uo1UVFtqc31eRDl/k1DdNhDL+pqLT/fq6KC1jKw/rAM7vYoghbNLupqpXF9r4uqpbTI ikNlhpp9zdkAL40Ki4qZ+hCs7B5Rb73+rhdHVSstFSuLZof1tVIH/cujqmCJWNmKIIwLGX7l2h7U cZSPX0CuasPd9y+7wv73h6wu1QYLnRvKyA+3gch5nMTBA5clvC8Yy9W/qLL+cLpla8e9Vjx3hZWc uMwlhjnef7HLh1PSG+riWCyCrW1O2nmZobAwxhhLqLqOBf3RYbPzx7siRfFBuYJxJRZpMRhDW/ii sPREoaF/I+2pPmFF0BnDZn90MPbCUdVnsGItKBZpYRmbLUPVirIsA4DlDuWn3p1En58wZn0Oqh8q Rrfdlr2sNK5kMVuL80VnTtTL2dodNDnLHhcRT+++MO9tT3tbaigssdnFNWNzVMmwviacLbfT+SI/ vDT9bRjcUn+KWHniS7ax0rG1XDn5ctlb97ovMBEJtPwf3PDA7VFvjnUgq6P6km0jPL4OVkBO930D a71rbaIIXj57+6k6kbga6d1QSVfXH8PKtS1zlZJEeDtUsuYA5qnWi5K7cXCI9X6o2H1zAavOWEgH ElejvB8q9qAGfwwrmz1wlclIhDdEJYMYOFe8PWZtKZ9WundEJZqda8usy+odUalmr1it1r/8lqhU s4NVM91rK4AjBDAPDpq9YrXSwOy3lCodnkZn3xc3UbA2ceaL2ZuiYsd8JKw6U5jm83nzGpCPR81O Z5+yqqfl3MLqTaVKl+pTVmuZ7e+KypNFtoXV3/a0nBvE6m1RNaz+yLZV52Oe31YVvi+qNivdSFXC BWG/37cHdjtK2hujUlYcWvTH7NDbAKu3FnLE9J7+qtbDk1UgrLCtLMWpxWo4PfUatXeWKizI0MhV BQIq64AC2CybeY1Qff69UQkrlavOlnvOeNoR3xyVspLBH5+fmIOyiJFJ9O6otAzqBlYaZPvezwV9 XG+PyrCSjWBqXPgyvf2eTfreH5WXNbtVXRpc8z1+vwAVJCRrtkfjyL4L9u+db7n/DlSg1dnv6xSU d7CrkhnXtA2yr0t9nkxVP5NJvclMlKepC7eTYgOrujDqajLTabvXvSpVvnWAsz1ziWVKUB2TC96O h8mk3mQmgsl3MEia6YZfKgHDtKlvmVQhcX8fKnns3CyZOUAVxRFGGFvDTFQ90ejdqSca3Rd6Q9Ke VN1wpb5oD1CB03C8npK7jqqjq/JuKSqxiG0rFF3Z9ddK6q12pV7+vd4DjIwCnUIV+L8xUCtbxxZP ocrS3xg4U3w2qqm66r3PxZEXDcYWO+qq9yYzeLpbasBfhsorl9tVvw3V+PNeNRY2VBWBDZWzLGyo 1kGV+7DGU1ijMM7Gm5F6ryxJMJEnK/g5DKU0cvQawysVbP6PJcVQDWui+rbjSSX/lvtpbk7SBmh/ TlMbkao8hnGRx4Efs0rARN6JSlRvEJ9OSBIn/Y0CSmy1gN0DImwPo9cYXilOAlh+w6Qm59hUZvT2 aXiCC2YkqeZ/eD8/jjDnL4lLbAHR/rwiX3ZUacz5qCfkMTZ730w0I1WoyCljS5Nb5jTh5GOfBc7a xAX1GsMrIUJcDpOai+Tcp2js9rAYITaDu2pSzb/lfhkfCnnqfS5CBZ8XpSos8Zz+icVmwuA3UlVg ZliCp+5vK8RjSA0bWK9huxJm4dmSqrjSJzJ2+xDyar0rU2r+rUnjgHzLuP15hdSoZ4GoPD+EoEJc 4+I6qjIMS+7UYUXF55lAhWJkTcrMAzGyMoIqD9M0HE2q+bckzTCFjQ9Y4tGaz1tQ4elSmXRZS8T4 1dI4y+JIUPWckvydyiy7MalK8UD6vEN/Zob5sWN78KjsxxQdW1K+HeR/iCqLod/WRUVFIMqAema8 GSn8pPwkNq1hnh+lWK8xvBJzPqZwIkAOR2/PfXnifExXSf7T4f1URQAhdVXrc5muSlEzgFAE/YPd rDCV91oNiNomgAAM66LI9yMvLVEVjdaAYcQ6drQGVE1n9+NqopGkmn9LjYu53qvVgF7gE33qFzAT fOn0GG9G6svIEzGOxLpqB0zRL3A5cZfqNQZXSsRyGyatLkMhGLl9hovb7qpJJf/DpAXuh7qiELuq /TktVpu1fk2b1+c3VBsqZwLOETep2lA5E3COuEnVhsqZgHPETao2VM4EnCM+iVSlVt9p9RTTZ52f 9caIVlRYbqc7bsNyk0D8ZhKiECMI6yhyEP5FczJF+5GN+27AknZoZDbduGxooPmDDx/t435sOcsI bO51TpZhzKW5RsPUgK+55KyokNfJt8yblA0qL5VfJiiqpOLAZt9wNBviN1EISBuH/Ib9afv7s1W9 mHQ3djNWJpbRZC0GI33qcylJfDsq9bxAsnwvhR+UvlAIQQIPA49GPK2oggIuAzi/6SgJ4K/M/FhE CJLBA3EWhTEapxQWeCoYGZvPghy8wPA4+OYmfpLQjyESAyx+hEhwe5/gP2FSOQZPjR/GBQ6lsZ95 fiGOaUHlw0nEfDEVXCLAgyh8gBNSRHJmcgykIzgrKnjiMjwHXUxEgmdLTlmUFHCgw1tGNBWqEo8c 4GCUiCuKnTHyIqVTAmCxLT2dRkwfZ4xcJkHGwb1xdIqLAiPDmAKXLHFtKYBwM+BCOTxRcAuIBxTf Sk8KNP6BaZzBaR4zAR10SQyfBtwfACyXjulsiNH9g2szZ5Jj9pDcHEbUeuIjT6SkH/L8dLKlfqUa VKrwWQHFGwy5F72iolyhWwziiJcvT5yUEjlVNRjDDejnOKnX90vIhxZA3LgG1KBKfHbqmIh6QUEF xiJ0vJBcmnmCKENEKXVMManMZgAcqwHR4YQC06Bir4moELzujPqCQwNbqBKvYPFB74pBlYT4oaLJ J8MD5cpVfbs4DempbgKRgBAoKvOEIksVqggXUjh+ia+VtFXqDbpBcstLQzgT2bRcRlvyy3AL8xl8 WlFtqDIuTssPuiZZHFjufYgBjuB/CozIBRQCyowUwDz2I5YFxJOXiCNgwbKE2pRIobEkcokLEgbk TxSX3IQ/cXV6Snk59htCQHB9ANJr6HVjv+DdfJRYI1VaaUJH8kJy6VAj+icusYsvCf+MDZmaxcwu VbLYMfOcIRfSu5uLppcDKlX4BSYZVoWUCDl0dYTjqZ7EEfxjYh7FV1oTJjJR8nfGL7wJLy0JmFRt KJgYICD35AUjXJ9919DpekVzA17SJJEL4YqxXIDpJau4KP5god3bw5OYoLYHqaypeQ9pVeCTI9td r//EqGbMLWg97bJULrisqDhIwJjrEN3G6JODUN/VSZwZinZaeCcomjrLok5oH0kdOniSSgqy4Xjx rilqLUTSSihLox3kgaVMWo670JiMM2atV+Y3djZuRFoOou6qTuLMcOdjVE9UxzVgjWzqxeHweXN1 VHdZr5hkHBjShN6dYG+qWcUqhUaCGVcijTIc8nvHbyY1Yq1LLVzmSZ6iig+hNCAn7L6Saj4+4eQJ 3VFF6JfoIMrZScTI+MbXy6pPajWkidKEUnXS55Bqi9GzFCehbyNWZSkuy8ctoHuZJs15N35nooJD XaIkQ06yCH/NEcxQ4tVgg0SwyMRsR7uS2RObFdfNWselJrk1TEhVjAZDFpc5/uE58PSRoPLR0+97 BepfDASCEZmjN5PVs3RB8xmRKBZjG496iml4FjAKBRX7FBk9CwM5IaZTgOtmfhJB4kwa9HXyRqn0 wcLSDnBP5CQLTzSceKQGT8s2RotKjVkJ6MEUA6x1PLza+nfgOIVK3o+0VMIkCdF2Me1ZNNlgiVfW M6ziykBUQzxBL+lJmsuwpySRMYJwGSgxEx02tUGVFW2jXtKIHRpyCIQkhXUU5mzStC/GU2z+pRG8 FGr3l+x6ZcEUVM1xNItWCGOoqqc3qKKScm7M6TyEbMiAKjoCUOhwSn9JkZH+byEsj9ZCxbNVdD6Y tOgga41R37QAoOWN+YsYRRmh+ThEheIpEpaUKLPFKUeHPsQfN4E4Ulma4ytw4qsbLuzPdhgH2cmz MoPBCQdAA8MPpABKA67EGJk4wgObAsiCh2SIgNEnLG9oDQsnlDe8fF3GHP9r9BBDmziYAAKBS+G6 7K4nE01DqaKuDjMZeAf4ImkqVTyCOg56wEuZpRSDKmCuR1qTQJPi3XEoXet40XfrLIFnt6sKDpZE VjHaIBVlfaLSTnKaxDgSUc/DKi5xhOch3xJZx1XCMJDKTFQ0UhQBXrjY0FI+Jbo0ZjEElBKZ+bhu BqXMa2gaXNUTDZ5m0FhQ68gCjhU8p0egAQA3Em8YXB6sdLSUYUACroGrto/Li7o1/JAJqorZIcD9 0os7PHL1MjD1Vgg/hMq5TXaC66z7mMMjK2BwuYQVVZSiJoeCwSikOkChtN5Nq/D3LUdJAZ0sZaGp elAfTYYigm9Ti6gJhQz56QUW1B8K9howj/MSdkzl02be4HJr6cbqDPSQ1R2E4Y40o6p9c1CGONx3 NLAGkSqhXdigy4flNA7as36dy/EadG2otMNGLAH6O8RJIpUSPRuZtK/wCz9yWo6wuMXngVMqQ9Dk qOZwRA0IelAw1hoLG8CBLBejV0bUPC/MVKgLo0QkMBbPCS6g2FD4pDWXwwcjjiHzXli9wO2Dehqj vBvJXQPI+DXGdRVyKm4xOHaNIzdDizUp8LuyTGGUi30NtvCCqldPnGzSGGIjRpNHaAHBD4g3IBeD t44XlpiSCi0kU9TZZ2EsNrUj5W64jTjqjNdTbwFnItLl8N09iNUkKlTRbGyIxYLugQhPrr5f090A j2/lORcjWywAVPWmZ4u+eE2Op1RrSX5BWGnBo7njnzRVXZBEEKUTwpjc0spT4axRyS2kkaVWw9jC CCsL2TQqMabRmYB3rj5veMApbaU+nkgXo7SM7LpnQU7gKZGcT25afPyF5hkv42O0a90QNI8lVyoS aS9LAeTd6JGGLUouMqNdb8F+LkYpngcVu46YP35wlyUf/VRiOnOaiA9NYcTAGNn8Yxw3UgAlOeLq afllUEFM8qxqM1cFEKPf2Z+ntj1vwLvha+DLAHS8rBxNBHZbZCK8FPQflyq8P5gE+ITGQh6hj6Sr hL2isNChiNGIpRZBFExegqpGK4w40WdgPHkcyh5IcsynMKf5q4jwQ/o0/UwPc08+CdBiNNSlQGLb HWh13k06TmPZUxJdlLncQswrDBk/od21ckkbudwPmaDTDze9ystjwAzv8oSoMAFijSbb6kSfENXq z7jSBTdUziA3VBsqZwLOETep2lA5E3COuEnVhsqZgHNESNUWHAn8/67HnlqPFjv6AAAAAElFTkSu QmCC ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0047_image010.jpg Content-Transfer-Encoding: base64 Content-Type: image/jpeg /9j/4AAQSkZJRgABAQEANQA1AAD//gAcU29mdHdhcmU6IE1pY3Jvc29mdCBPZmZpY2X/2wBDAAgG BgcGBQgHBwcJCQgKDBQNDAsLDBkSEw8UHRofHh0aHBwgJC4nICIsIxwcKDcpLDAxNDQ0Hyc5PTgy PC4zNDL/2wBDAQkJCQwLDBgNDRgyIRwhMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy MjIyMjIyMjIyMjIyMjIyMjL/wAARCADaAFADASIAAhEBAxEB/8QAGwAAAgMBAQEAAAAAAAAAAAAA BQYAAwQBAgf/xABNEAABAwIDAwUKBw0JAQEAAAABAgMEABEFEiEGEzEHFEFR0RUiI1RhcYGSk6EW MkJTVZGiFyQzN1JWcnWUsbPB0iU0Q2Jjc3Th8IPx/8QAGAEAAwEBAAAAAAAAAAAAAAAAAAECAwT/ xAAoEQACAgEDAQcFAAAAAAAAAAAAAQIRIQMSMVETMkFhkdHwIkKhscH/3QAEACj/2gAMAwEAAhED EQA/AN3JHsrg0vY52biWzcKa6Gg42ZMRKi53t9CoHjTQ7E2IYaOfYCOHgLlAwlsi+t7Kt5DRnk0D iuSvAQ0oJcMFOQq4A62o2hvHQtOd6EUaZgEqufN5+FTFUqNdbU7SW6q4/CoTeZbEGCqQnYGOVh3d BruSgKJsVfk8LDj16VZHw7YaVMjxWdhYwW84EZncIQhKRdQuSU/5ffTblx8j8Jh4OnyV+mrWkYwl Kg67DWchCSEKHfW0J14X6KoyB3wB2O/NXBf2Br+mp8AdjvzVwX9ga/po+yHAygPFJdt3xQLAnyV7 oAXfgDsd+auC/sDX9NT4A7Hfmrgv7A1/TTFUoAXfgDsd+auC/sDX9NIe3Oy2GwoOOiHsrhbURrDX 1ofbwxsFCgws5gsC4IUE2r66SBxNqX9ulJVyebTZVA/2VK4H/SVTTomSvxMXJgArkv2eB4GEkH30 z8zY/IPrHtpY5MDbkv2eNibQk6D00zc5Piz/AKo7aRR3mbH5B9Y9tTmbH5B9Y9tTnJ8Wf9UdtTnJ 8Wf9UdtAE5mx+QfWPbQSQnLIcSlSwAogDOrto3zk+LP+qO2gMl4mS74F74x+SO2rgRMzhMq+rwI8 ildtdBcaStch6yEi9wtQt76977/Re9UdtZEumY4lwtOmOg3QMo78jpOvAdH19VaGNsOYbGTNw4Lk IUklzMkZzmAHC/l1oVtbhMPDuT/alUVooK8JlZu+Jv4JXXRmDLDUIKUy9bPb4vXQba3EFTdgNqkG HIYyYTJ1dTYK8ErhWL5OiPBOS/8AFjs7/wANFNtKPJgL8l+zwuReEnUdHGmfcL8Ze+z2Uhl9UyjI EZZihsv6ZQ4SE8db28lTcL8Ze+z2VNwvxl77PZQBg32OZgBFhlIAuouqFzbXS3XpQeUvFDNesxFC M6reENz1dFM+4X4y99nspbxArZkLSh1xbq1kITpqes6cB01cOTPUdIxhcyQtUV9DSL2KyyomyOq5 6Tw816IABIAAAAFgB0VnYiFlBvIcUtRzLVp3x+qrd0r59z3dlaGSDuGf3MfpGhe3f4vNpf1VK/hK rZCjvLggNylpVnvcgH0dFBdq4MiHyf7Ul/EHpQVhMmwcAGXwSuqsXydEeDxybFY5KcBLZSFiCnKV cAdeNFkycVUshT+HhJQQClKyQrWxt9VDeS/8WOzv/DRRGfFRJnOCT3QlN6BMdq7bSdOkgjN6SaEr CToxSNpJEc7lD8KU+lVlJjoccI06QkGxJ66uY2imOsKHc5YdGpcfBYaSOslVyfQDRCOzLbZSxEix oDA4C2YjzJTYe81cMMbWoKlOuSlDUB096D+iLCnhEfUwO1i+LvOhDQw5xu1y8N4EDqtcd96KElGJ JkuuOz4O+UTmWGFq9AuoWHkp7tYWFL8knnTv6Rqoy6EzhjLA29xJPCbAc/SYWn9yjU53iSeKcOX+ i44n96TRS566lz11dme01YZibbGFb2cW2CHCkhCiseTWw6qy7ZyWZfJrtG+wsLbVhMrKodPglUYw 9KVwgFpChmOhF6F7cpCeTvaUJAA7lStB/tKrGXJ0R4Rg5NFhvkrwBZIATBSSSL240UGOMqDlsQjj ICTdlWguB7iaFcmy93yVYCvIV2gpOUDjxoyMYbzWVhcwadDF6RRYcQUBHVzpnLIPgjula8Bbyamu IxEqekNJmMKXGF3k7pXegDWvQxZkqKBClnInNowbDQG3n14VxOLslduYTQVEC5jEX89AGc44yhpt xWIMZHAClW5XrY2P11SlKZklKW57JceTvEjcq1F+PGj+6bPFtP1V0NoBuEJBAtcDopp0JpPkWwlp UR2UMRa3LRste5V3pPDpr2plIcYbOIMhcgZmk7o3UDwPGmENoCcoQnL1W0ruRNwcouOGnCjcxbUC YLjhUqNHlMrU06N6C2QQnUEee4rNt3+LzaX9VSv4SqPhKQSQACeNhxoBt3+LzaX9VSv4SqRQO5NV hrkqwBZUEhMFJzKFwONG04mHGnSidGUpCc192oAajU6nSg/JicvJfs8bE2hJ4C5pmMlChYtPEdRa PZTVUS1K8cALuy/uN4cWw26lBKFBKst73N/QRXO7jwTm7rYWQT+Qofz1o7vmfF3PYnsrm9YJuY7l +F9yeykUCl4q82AlWJQM40XdCrg+QVfhU1+ZIWOfRJDaEjOltJCkq7K375q99w57E9lVDE4aSbZw emzR7KAsxy50tuattGIwG0AgBtyMtSh5yFge6s68VkCXKZTikIFLxQhLjSgpPQB5demindaJ+U57 NXZWB51Dzq1DEpSEq4JSzw8xtemyVS8TUnaDClWAnNE8OPVQjbDEYk7k+2oEV9DpRhUrNl1t4JfZ ROCW0KdvIkykHglbPxPNYVg21cbVsBtQhDSkZcIkkkptxaXp7qRRn5Mc33L9nsts3Mk2vwo3Ojzn QlxLUR/ID4JYIKvMroP/ALSgfJll+5bs/mVlTzJNze1uNF5sdqQEKjYw9FdRwKXcyVeRSTxH1Hy0 4umTJWjkRLcoqDQS26j47SlLQtHnF/fwrUmPOaVmaebKeltwqUD6TqPfQORIS0UnFG13QLInQHlL yeUp+Mn7QrTFxSMEp389L7BNky2XyU36lgHvD7vNVuF5iZrU24n6+/ygkJkgKCHw0ws6ALvlPmVw NBjv7n8F76NKMFxBCpWZKhwLxII+ulxQabN2n8yBpuy7+40olTPQiEG4S3xvxVXpthxokoDQJ8qq 4hyMsXD6geouEEV6vH+fPtTV2Z0FML5zd3LuejrrDtsZPwD2pDyW90MIkZCkm5O6Xe/urThiot3M 0kp4f4xH86x7Zbj4C7VFqQXFdx5GZOfNYbpdj6dfqrOXJtDgr5MSRyX7PEC55kmwvxpgkYgYuXfs 5Eq+WVd6PObWHppf5MQTyX7PAHKeZJ16qZt0740r1U9lSUcRJdcQFtsJWk8Cl0EGh8vCUyXjIbjr iyjxfjuhKlfpC1ljyKBq5WDt7zeNSXWHCblTOVF/OLWPpFRUfFkKO7xBlxPQHGgk/WOyqXkyXnlA cLx3AbqMETIYOqYx1A6wj5J8iSR5BQlG1mGqVlcc5uon4r5yfvFNu8xJH4RpS/Ky4g+5QFAXFSHg QqO4sdThb/7raMk+8jmlBx7jx0asjclqaAtgtuHoW0+kn3VaFS0A5mN4kcClQCuyhTuAx31ZlYXD So/KBCT9lNVfBkf4bymP9uQ7206h1+epO7U6J+q/g2YRJcWXcjFyLXBWARx6Kx7bKWdhdqc0cI/s eQc975jul6ej+dc2awmRBXJKsVkvBQSAlw5gm1+F713bVC07CbUlUjeDuRIARp3vgl6+n+VYTrdg 6tNtxyj/0PqHJlb7luz+ZOYcyTcWvfjTD97ZrcwVa3Hc0t8nAbPJPgYdWUN8wGZYNsosbm9FW4GF IzZcQcOZNzeTfQkEH3UAELRfEj7CuDmxveAoa/M8ardZgSYiIfPCEtEC6HgFcLAE+mqRhuHOuNpb mOXbXnCESOnS9x6L0AaiI1jaCo//ABoPzEnXmCx5N2KITYeHYi+HHJykqCbANPhItrr76kZnDYkw LROKncmXKt++mnR6KadCcbBxgqFrQFnX5sV3mJ8RX7IVuOHYfzkyTNcClLK/w4te99KsjtYe21JZ bmlW+BUsl4EpBHEdXGnvZOxFEBhtlaw7AXYgWO6BrBtmpk7DbVJbjrbUMHkXUU2BG6XYDza/XRNj CIRStDUuQsFJSQJF8oP7uFYds2ExuTTaJlBUUowmUAVG5/BKpN2UlSMfJslS+SnAkIShSlQAAHB3 pOvHyUQXgstTTiRGwkKXpoyQLG+b0m9D+TZsO8lOAtlCVhUFIKVHQ8dDRSNgbDEpp1OFQGyhQIWh xRUnyjvaEkJtrgkfCQlLBVHwvMleZe7a0Unpt1EGt7WG4YlzeNRYwWCe+QkXuePCgZwaQseEwaGo m97SFDr/AJWoqcBw18Bx6IkOKAzALNgbW6/RSKLxg2GJzWw+MMwIPghrfjXe4+G3/uEf2YrU2hDL SG0aJQAkC99BQ13CmnHVrMGGoqJN1KNz59KarxJk5fai1eC4U6pOaDHUWzcDINCdf+69qwjD1oKF Q2SkgAjILEC1h7h9VDJuFLdlqcGGxn0kJSCZCk2GUA6cOi1bcLwxqJ4fm6WHyFJKUuqWLX469Ogp FGuNBiQ782jNM345EgXoPt3+LzaX9VSv4SqYLjrpc24eac5P9qEIcQpScKlZkhQJHglcaAMnJgAr kv2eBAIMJNwfTRmRgbb76nETJTAVbwbWQJHmuk2oNyYC/Jfs8LkfeSdR6aaNwvxl77PZTToTVgaR swwGFLaemOSU6oUqSoWPk+T9YIrxhkxrnCYU9tlS1khl8tBGcjihafkuDq4EajpsZcjPKbUlua8h ZGisqTb0EUAxXBJD6U86U5PQrRS2EpadRbgQR8a3/wCVcaapsyncXcV8/Yxc0jeLteoKnNI3i7Xq ClJasVaKmkbSSXXWgClnmbaVkf5iod8bdQ40XwWY9NS6xImLW+1ZaVpQlIdbV8VVraHQpI6Ck1Lj WSo6iboLc0jeLteoKnNI3i7XqCpuF+MvfZ7Km4X4y99nsqTQnNI3i7XqCl7bSFGjbBbVPMsIQ47h couKSNVHdK40w7hfjL32eylvbOI4xsLtY6uW86lzCpRDazojwS+FAFfJhf7l+z1rX5km1/TTPeV8 2z657KWOTA25L9njYm0JPD00z86T8097M0AS8r5tn1z2VLyvm2fXPZU50n5p72Zqc6T8097M0AUy ozkxhTT7EdaSCNVEkeUaaGl57D5UhtrEAXEuMhTMluO8UKXY2VqBcXKQqw16vKz86T8097M1idjR 1urebE1h1ZzKU1mFza17cOgdFaRlimZTg73JAuIJsBJdwtoPRsoWuCt8qNj8tpZ69dCbE9RozCnL nxkyI6WigkghSlJUkg2III0IPRQV9vEsNfTJiIVKZC8y290ULAPxiBwN+kC3Xa9WiaEyl4phTL0h p2wmRUoIUSBotIOmYDQj5QA6RRKIozrFV5ewdvK+bZ9c9lLu2i5qthtqw+00lgYVK3SkKJJ8EvjR iHjkLEArmvOF5LZrx1pt9YFBts5yJGw21jCW3UqawqVdSk2SfBL4HprOqNU08or5L9OTDZ3/AIaa aw80b2cRobfG6aUeTa/3KcBsUpPMU2K+AOvGjcKHMS/eYqCts3OVtqxv0UDCZeaFruI1Nh3w41C8 0LXcRqbDvumsEtkrUzzJUJACrubxANx5LVVMjyHXQcPcw9LeUEhxsKN9ddKACm+aBA3iNTYa8TU3 zQIG8RqbDXiaHOsqIjFpcEZTZ8lIOY6Xt1dNe5DN3GFx+ZJj3u4VpBJH+U8OF6AN2+auBvEXPDvu NL0+LKg4qnEcLWhwO6PR8w77rI/9/OichhRlsc3MJLPFxK0AqULjhUeiuGcwWOZpjgHeIU3davNV RlRMoqSomGYmZrSi83uFhWUJVcX0v00O24cQ5yebT5FJVlwuUDY3sd0rStUqDiSpCjFVBQz8lK2r kf8Atax7bMts8ne04QhKc2Fy1Kyi1yWlXNJjSaWQdyetqe5I8EbQkKUqAkBJFwauTDeHfc2Uhabl JEHVCgBb5Wo1/fXzfYzFMQZ2MwltudJQhMdICUvKAA816O92MT+kZft1dtIY2twytZUqJZaSVJcO Hm4Nrgjvug1S3CUgZFwHE2SLlEEakW1+N08LCljuxif0jL9urtqd2MT+kZft1dtADYmG8palphJC gouK+8Sm51PSrUmvIgFyQSiIjdLCSCYKtTYcBm0GnopV7sYn9Iy/bq7andjE/pGX7dXbQA5R4C5L iGVMJZsLqvD7wnpsom9bYmAmLKQ8FR7JVmslmx+u/m+qkDuxif0jL9urtqd2MT+kZft1dtAH1ql/ bv8AF5tL+qpX8JVIvdjE/pGX7dXbQvaXFcRc2UxhC58pSFQXwpKnlEEbtWh1oA//2Q== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0039.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0039.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan design preliminaries"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"220"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>5</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s225282" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s225282" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan design preliminaries</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 25283" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s225283"> <div id=3D"_x0000_s225283_0_26" class=3DB style=3D'mso-line-spacing:"80 20= 0"; position:absolute;top:34.75%;left:10.11%;width:82.2%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:57%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:57%;mso-fareast-language:ZH-C= N'>The impact of legislation </span></span></div> <div id=3D"_x0000_s225283_26_41" class=3DB1 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:38.25%;left:15.16%;width:77.34%;height:3.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:58%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:58%;mso-fareast-language:ZH-CN'>Income tax law </span></span= ></div> <div id=3D"_x0000_s225283_41_89" class=3DB2 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:41.25%;left:20.22%;width:72.28%;height:2.75%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Tax law is favorable to qualified pension plans </span></span></div> <div id=3D"_x0000_s225283_89_131" class=3DB3 style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:44.0%;left:25.09%;width:67.22%;height:2.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Employer contributions are tax deductible </span></span></div> <div id=3D"_x0000_s225283_131_221" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:46.25%;left:25.09%;width:67.79%;height:2.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.86%;width:96.13%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.02%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Investment earnings of qualified plans are exempt from income tax until benefits are paid </span></span= ></div> <div id=3D"_x0000_s225283_221_295" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:48.5%;left:25.09%;width:67.22%;height:2.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Employer contributions are not taxable until received as benefit payments </span></span></div> <div id=3D"_x0000_s225283_295_328" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:50.75%;left:20.22%;width:72.28%;height:2.75%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Requirements of a </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:60%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/Box 21-3.doc"/><a href=3D"http://macminn.org/life/Box%2021-3.doc" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= qualified plan</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-= font-family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N; display:none'> </span></span></div> <div id=3D"_x0000_s225283_328_376" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:53.25%;left:15.16%;width:77.34%;height:3.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:58%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:58%;mso-fareast-language:ZH-CN'>Employee retirement income secur= ity act (</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:58%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.dol.gov/dol/topic/health-plans/e= risa.htm"/><a href=3D"http://www.dol.gov/dol/topic/health-plans/erisa.htm" target=3D"_bl= ank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= ERISA</a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:58%;mso-fareast-language:ZH-CN'>) </span></span></div> <div id=3D"_x0000_s225283_376_418" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:56.5%;left:20.22%;width:72.28%;height:2.75%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Limitations on contributions and benefits </span></span></div> <div id=3D"_x0000_s225283_418_556" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:59.0%;left:25.09%;width:79.96%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.27%;width:96.72%; height:56.25%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.38%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Letting A denote the average compensation in the last three years of employment and K be $130,000, the = </span></span><span style=3D'position:absolute;top:43.75%;left:3.27%;width:81.03%;height:56.25= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>benefit must not exceed min{K, A}. </span></span></div> <div id=3D"_x0000_s225283_556_668" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:63.0%;left:25.09%;width:75.65%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.46%;width:96.78%; height:56.25%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.58%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Letting k =3D $30,000 and S the compensation, the annual contribution to the account may not exceed </span= ></span><span style=3D'position:absolute;top:43.75%;left:3.46%;width:85.64%;height:56.25= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>min{k, .25 S} </span></span>= </div> <div id=3D"_x0000_s225283_668_692" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:67.0%;left:20.22%;width:72.28%;height:2.75%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Prohibited transactions </span></span></div> <div id=3D"_x0000_s225283_692_757" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:69.75%;left:25.09%;width:67.22%;height:2.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Plan assets must be legally separated from those of the employer </span></span></div> <div id=3D"_x0000_s225283_757_800" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:72.0%;left:25.09%;width:67.22%;height:2.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Plan may be held in trust or by = an insurer </span></span></div> <div id=3D"_x0000_s225283_800_825" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:74.25%;left:20.22%;width:72.28%;height:2.75%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Fiduciary responsibility </span></span></div> <div id=3D"_x0000_s225283_825_849" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:76.75%;left:25.09%;width:67.22%;height:2.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Prudent person standard </sp= an></span></div> <div class=3DB style=3D'mso-line-spacing:"80 20 0";position:absolute;top:7= 9.5%; left:10.11%;width:82.2%;height:3.25%'><span style=3D'position:absolute; top:0%;left:4.55%;width:95.44%;height:100.0%'><span style=3D'font-size:57%; visibility:hidden'><span style=3D'mso-special-format:bullet;position:absol= ute; left:-4.77%;font-family:Wingdings;font-size:75%'>l</span></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:57%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_0_26" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_0_26" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_0_26" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_26_41" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_26_41" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_26_41" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode14" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode15" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_41_89" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode16" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_41_89" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_41_89" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode18" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode19" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_89_131" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode20" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_89_131" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode21" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_89_131" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_131_221" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_131_221" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_131_221" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode26" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode27" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_221_295" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode28" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_221_295" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode29" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_221_295" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode30" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode31" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_295_328" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_295_328" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_295_328" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode36" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode37" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode38" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode39" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_328_376" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode40" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_328_376" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode41" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_328_376" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode42" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode43" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode44" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode45" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_376_418" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode46" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_376_418" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode47" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_376_418" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode48" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode49" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode50" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode51" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_418_556" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode52" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_418_556" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode53" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_418_556" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode54" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode55" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode56" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode57" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_556_668" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode58" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_556_668" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode59" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_556_668" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode60" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode61" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode62" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode63" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_668_692" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode64" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_668_692" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode65" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_668_692" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode66" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode67" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_692_757" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode68" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_692_757" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode69" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_692_757" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode70" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode71" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_757_800" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode72" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_757_800" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode73" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_757_800" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode74" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode75" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode76" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode77" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_800_825" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode78" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_800_825" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode79" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_800_825" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode80" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode81" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode82" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode83" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_825_849" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode84" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_825_849" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode85" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_825_849" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s225283" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Note that ERISA = pertains to participation, vesting and funding and so influences all aspects of plan design for defined benefit plans.<span style=3D'mso-spacerun:yes'> </span>How about defined contribution plans?</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0040.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <link rel=3DOLE-Object-Data href=3Doledata.mso>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0040.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan design"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"222"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>6</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s227330" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s227330" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan design= </span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 27331" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s227331"> <div id=3D"_x0000_s227331_0_9" class=3DHB style=3D'position:absolute;top:3= 5.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Cove= rage </span></span></div> <div id=3D"_x0000_s227331_9_24" class=3DHB style=3D'position:absolute;top:= 40.75%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Reti= rement age </span></span></div> <div id=3D"_x0000_s227331_24_41" class=3DHB style=3D'position:absolute;top= :46.0%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Bene= fit formulas </span></span></div> <div id=3D"_x0000_s227331_41_57" class=3DHB1 style=3D'position:absolute;to= p:51.25%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Defined benefit </span></span></div> <div id=3D"_x0000_s227331_57_78" class=3DHB1 style=3D'position:absolute;to= p:56.0%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Defined contribution </span></span></div> <div id=3D"_x0000_s227331_78_95" class=3DHB style=3D'position:absolute;top= :61.0%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Maxi= mum benefits </span></span></div> <div id=3D"_x0000_s227331_95_117" class=3DHB style=3D'position:absolute;to= p:66.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Supp= lemental benefits </span></span></div> <div id=3D"_x0000_s227331_117_140" class=3DHB style=3D'position:absolute;t= op:71.5%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Empl= oyee contributions </span></span></div> <div id=3D"_x0000_s227331_140_148" class=3DHB style=3D'position:absolute;t= op:77.0%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Vest= ing </span></span></div> <div id=3D"_x0000_s227331_148_172" class=3DHB style=3D'position:absolute;t= op:82.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Meth= ods of distribution</span></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 27333" type=3D"#_x0000_m1032" style=3D'position:absolute;left:336pt;top:3in;widt= h:326.75pt; height:234.25pt' o:spt=3D"75" o:bwpure=3D"blackTextAndLines" o:bwnormal= =3D"blackTextAndLines" o:preferrelative=3D"t" path=3D"m@4@5l@4@11@9@11@9@5xe" filled=3D"f" fillc= olor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill color2=3D"white" o:detectmouseclick=3D"f"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0040_image011.emz" o:title=3D""/> <v:shadow on=3D"f" color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"f" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"quarter"/><p:animat= ion number=3D"9" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noB= lack"/></v:shape><o:OLEObject Type=3D"Embed" ProgID=3D"MSGraph.Chart.8" ShapeID=3D"_x0000_s227333" DrawAspect=3D"Content" ObjectID=3D"423"> <p:oleclientdata subtype=3D"graph" menuname=3D"Chart" clipboardname=3D"Microsoft Graph Chart" followcolorscheme=3D"fullScheme"= /></o:OLEObject> <![if !vml]><img border=3D0 v:shapes=3D"_x0000_s227333" src=3D"slide0040_image012.gif" style=3D'position:absolute;top:40.0%;left:4= 6.62%; width:45.31%;height:43.5%'><![endif]><v:shapetype id=3D"_x0000_t202" coordsize=3D"21600,21600" o:spt=3D"202" path=3D"m,l,21600r21600,l21600,xe= "> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> </v:shapetype><v:shape id=3D"_x0000_s227332" type=3D"#_x0000_t202" style= =3D'position:absolute; left:390pt;top:204pt;width:222pt;height:201.875pt' filled=3D"f" fillcolor= =3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]"/> <v:shadow color=3D"#669 [2]"/> <v:textbox style=3D'mso-fit-shape-to-text:t'/> <p:animation number=3D"3" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/></v:shape> <div id=3D"_x0000_s227332_AllText" v:shape=3D"_x0000_s227332" class=3DO style=3D'position:absolute;top:38.75%;left:55.24%;width:34.08%;height:36.0= %; white-space:nowrap'> <div style=3D'mso-line-spacing:"100 50 0";mso-char-wrap:0;mso-kinsoku-over= flow: 0'><span style=3D'position:absolute;top:0%;left:0%;width:100.0%;height:11.= 11%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Coverage provisions may </span><= /span><span style=3D'position:absolute;top:11.11%;left:0%;width:92.3%;height:11.11%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>vary based on length of </span><= /span><span style=3D'position:absolute;top:22.22%;left:0%;width:88.46%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>service, minimum age, </span></s= pan><span style=3D'position:absolute;top:33.33%;left:0%;width:96.15%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>etc.<span style=3D'mso-spacerun:yes'> </span>The IRC 401(a)(26) </span></span>= <span style=3D'position:absolute;top:44.44%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>requires that defined </span></s= pan><span style=3D'position:absolute;top:55.55%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>benefit plans cover </span></spa= n><span style=3D'position:absolute;top:66.66%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>min{50, .4 n} where n </span></s= pan><span style=3D'position:absolute;top:77.77%;left:0%;width:88.46%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>denotes the number of </span></s= pan><span style=3D'position:absolute;top:88.88%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>employees.</span></span></div> </div> </p:slide></div> <p:animation number=3D"-1424429804"/><oa:par id=3D"TimeNode0" dur=3D"indefi= nite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_0_9" attributeName=3D"style.visibilit= y" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_0_9" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_0_9" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode12" dur=3D"2.0" targetElement=3D"_x000= 0_s227332" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode13" o:presetID=3D"ppt_8" o:presetClass=3D"entrance" o:presetSubType=3D"0x10" begin=3D"0.0" fill= =3D"hold" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode14" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332_AllText" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode15" dur=3D"2.0" targetElement=3D"_x0000_s227332_AllText" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode16" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode17" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode18" o:presetID=3D"ppt_8" o:presetClass=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:animateFilter id=3D"TimeNode19" dur=3D"2.0" targetElement=3D"_x000= 0_s227332" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode20" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332" attributeName=3D"style.visibility" to=3D"hidden"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode21" o:presetID=3D"ppt_8" o:presetClas= s=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"wit= hEffect"> <oa:animateFilter id=3D"TimeNode22" dur=3D"2.0" targetElement=3D"_x0000_s227332_AllText" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode23" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332_AllText" attributeName=3D"style.visib= ility" to=3D"hidden"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode24" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode25" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode26" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode27" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_9_24" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode28" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_9_24" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode29" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_9_24" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode30" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode31" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_24_41" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_24_41" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_24_41" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode36" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode37" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_41_57" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode38" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_41_57" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode39" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_41_57" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_57_78" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_57_78" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_57_78" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227333" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode48" dur=3D"2.0" targetElement=3D"_x000= 0_s227333" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode49" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode50" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode51" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode52" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_78_95" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode53" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_78_95" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_78_95" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode55" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode56" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode57" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode58" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_95_117" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode59" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_95_117" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode60" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_95_117" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode61" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode62" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode63" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode64" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_117_140" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode65" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_117_140" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode66" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_117_140" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode67" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode68" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode69" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode70" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_140_148" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode71" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_140_148" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode72" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_140_148" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode73" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode74" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode75" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode76" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_148_172" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode77" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_148_172" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode78" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_148_172" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s227331" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/><oa:buildChart targetElement=3D"_x0000_s227333" groupID=3D"0" build=3D"allAtOnce"/><oa:buildParagraph targetElement=3D"_x0000_s227332" groupID=3D"0" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:b= uildParagraph targetElement=3D"_x0000_s227332" groupID=3D"1" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Note that the fi= gure provides the percentage of employers offering the plans and the percentag= es do not add to one because many employers have historically offered both p= lan types.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Coverage provisi= ons may vary based on length of service, minimum age, etc.<span style=3D'mso-spacerun:yes'> </span>The IRC 401(a)(26) requires that defined benefit plans cover min{50, .4 n} where n denotes the number of employees.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension plans mu= st define a normal retirement age that is the youngest age yielding full benefits, e.= g., min{65, t<sub>0 </sub>+ 5} where t<sub>0</sub> is the initial employment date.<span style=3D'mso-spacerun:yes'> </span>Note that retirement = age must be set in defined benefit plans to allow the necessary accumulation = of dollars in the funds to cover retirement.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Maximum benefits= </font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>No qualified pla= n may use more than $160,000 plus COLA in determining benefits or contributions.</f= ont><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0040_image011.emz Content-Transfer-Encoding: base64 Content-Type: image/x-emz H4sIAAAAAAACC9Vaf2jVVRQ/9+6lc0wbD9d8T7Pl/LGayZY6ZwM3MyeJT4bzxcDnWLbWXogTZzEk 7EEjMAwqFjQeEkSQQv8I0f6R/BGCfygahH8kSZmw2B+29ZdQus75fs/dzrvv+/3uu7U1+8LZ/XHO 93POueee+7337ikAOIi0FCmOdKMA4CsN48+DNwEGdwGUb080ASj4fRXATQXwGOQ+mQhAO77biLwR iwd3IpA5UwAIAGuRypEQrkqh8DKslyCpkgu38FVoZyLZFFIzy65ojEAxwy3H90x9pag/3Th/vF7d qB3ciGtdQ6QRxnmEXcn+Jlp27IHCbS9r0FCI/pUoUwIsgYl3YlwfGxuDxVxfiBTlOg3Z00iFSCsm ZMe8+orYZ/MYGalD6h6vr++EPVgcVhQJgFskKJ5zE3FbsRWOQBpedWI73cfEohz+HnvKiRqsgV8f vHvyXhQqv4TqZaNRaL4XdWQprh1vO27AfIHRPBKFCix7KQpIfyFz96mNNbuwX7EM4RT2ZR3Zn09D 9UfvZZ2RJZ9X/hl1SMPMPdu2LDj+226khUUnaI5l/ogC6ezAsv1UpJr6jS+reOyVqGPcM379XrGX sp4xxrgu5zib5yfMpe/1/wc7wnQTsc9rmihuv4lbJpMBOZ5a1FFXZonAN7roHb9ce4VyHKmN1gns 6ENKa3ddasNaN/b26ZTu0WlNbaML+ZlKgSN9kT5KfJq/3ZCL34bcbuSQHmob+W6WJ3tSLE8yJNun iVKObU+y7n6UieAA/4Dj9h2WqykfxLiZHCH75Ngt5TWkje2KiljVMq+bx8a0jU3y3RqdK19hyVdY 8vdVrvywypWntpQ/b8mfteTPWvLvW/K9lnyvJZ+w5Bss+QZLfrElP8+Sn2fJ37LG8xrkyl+zYvGF Jd9vyffbsbPk91ny+yz5aku+wpKvEHk1X6xTIOph8l3mi5x3U10HJI7X95Se6eS4zG2T6345Ndu5 /F+Md84+gPZAPuPdxOvHovG9zYvNZgkxa0tBwNpSwHsjo99ex+OdnXnruLGLeDFRnyyug7y/uyLi MYi1QdiPfc1IKU3tNcJXx9yrV3NsiFg2e31L6B2jtw9pP+sfn09Y68PeQYeoPvHNiIhvRkSMibFn 9cBAnj3GBuLFRF3aYHzfD8Z31+9PkYwtTZwfhePx3N7sFWNlxXiy70eliLfxx8yLRGcixx85J6Rv JBcTdePbMNJd2uuJ8R3G2jCMYt9dpJQe9ojrwNUB37gW+MSV3pHzaZT1586nURh2KO3Mp7Bx7Rno 8Y0r8WKiLm0wvo+C8d31+wqSsSVsXCmCahZz1yuudh4b37pQ6SUsj6mJ8e1Sad2lrmPfJaSUpvZM 52st6rvO+o3eWtRTi3q7HKL67OZrrfD9OhjfXb93IBlbwudrblznMl+zqHQnll+L8c3ieGZVK/bt RErprJr5fKV4trL+3PnUClmH0s58ms187RK+t4Lx3fX7GJKxJXy+aidej0K+xvGFYlRcJfZNcdwz xXVMVelipJSm9kzn6xDqjClXv9E7hHEcUjFFuknn0CznK9lgfI8p47vr931VrIwt4fM1N65zma8J VLCO9q5ifBM4pgldj33rkFI6oWc+Xyme9aw/dz7VQ8KhtDOfZjNf48L3ejC+u35XIRlbvOLqZ5fc v8t5Pt2zuDwjeZ3LzTnOfs/wk9z2O6cnue13Lk9y2+8cnuS237k7yW2/c3aS237n6iS3/c7RSW77 nZuT3PY7Jye57XcuTnJbnk/3YkH0AlILjt1uLI9rNy53625vJTI86ttl3RmO8dPsYN/eWsp47WzH UsZssjANryAAc6+DuQ5qsCTcIi4l/h3l4i/0wCdeGPznA/DPMP6PKh//TEj89QH4hxk/64F/OCT+ hgD8TYx/wAN/U0j8jQH4D8HFf8YD/yGEw68NwL/M+COQj385JP6mAPyTjD/ogX8yJH5dAH4L4x/3 wG8Jib8Ze2x8k7Nxxt8O+Tkbh8lz1uSW35rbo/PXXMmn9hHBL1G5fGpL/kWLf9HiG31SP/HJ3w6k D5HewfYv4P4/TvpseJFJxrQGR7QOR7aUfS8V40o6tigX52OVr8PwwujYHKBjhHG26XwdI1PSUZen w+vebSp3bWHuM/3+ZzIXOulu0O9Orcq6+7zBd59zeRds38M+SraYvV0kYG8XmeR8Zp+Tgs5Gk8Xt c2yUohHfYrlW+f9fSu4nn+D6Es6300gX8P0iZF5BPzda3yriPYcdjwfk20Enb1+HTtxhHcKyA8rh AJaHuO8o/i3j/Cvmtdq0yzzaUq5Y2Awz/H8KbZ0j5nJu/ltbpnp34HW2Cjrr6YCzXph5eoTn6Ylp ztNenqdvIPMldOQTj3n6gXJ/R+A3T1N58zR4Xsp5Z9vTz/bQd/AztOechz3fKPcdP3voW/cadKMt R51fXhyAt7CWdnqMDWWsd5Gwr8yyt2wWcyRi3TnMZY5M1Ra/b2KYs3xBwG80FvD+y+AG/hYH7Zn2 73jw3UoxDhKH7io2cH7Sb52ebQRYOe53poF/OpORdXNHVcLvaPH7pkV89wHMp/o/sHtmSuglAAA= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0040_image012.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlh8wCuAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAgACADp AJ0AgwAAAAAzZhpmZiaZmTPMzE1mTXOZc4CAgJnMmQECAwECAwECAwECAwECAwECAwECAwT/EMg5 A7046827/2AojmRpnlhgaWrrvnAsz3Rt33h+o3xvWqsUIOgrGo8/pHI5zKyIzKj0snNOr8mKqoLt MgOGsHhs2Fq96A60KVmn3yIVeR4ouNnwfFu41/s9OAV2LH+FXH2GiW0IjI2OjHWCd3eKXkGUlW8B j5wIkYNnmXCXooabnY6fk6Wjh6wpNkWnqJCCoHyvlq65bXNkLT6ztKqEvF2kTlXHvmORmCHCqMSh xlPIFCoD2tvcAwECz0dgzGHTPNGd5lTVKGZauDHd8t4C4Dr3+LZ2+DK0jaoz2GVBBuUJERz1wB3z 50lfuA/oOKnDJrDEk0MFmxwkwLGjR47f/+o9DMbw0612DBtKKlYxDqIh7tpcrPCxJoGQCrFETOWQ ZElbq1q6xOMK2MsANj/iHNlj57+eTVNO3CUUEKKZRbEl9bh0oT+TTDk4fbqSWlVApGJe1boVZMKw KL9CPScVKMuzRq4NaetWpNdhc+PKLYsLr6xdSPl21fnTbtTGJykazouY7823f6UFPjG2FuF1kw8f tbz4SmewPgdHphqac2XFmBmrXm2x7mfJrc+9blvaGmTaJDqrBA43d6iNsP3KBuyYLuSgxmFRWXPp Bem3/LL/zh7D9j4Z0fkQBB0zMe/YprenZk48PHmM64CwPa88/eziTrxDd8/mIHWseyWXk/997AE3 gnBTveQeVgy6gxx9A/p233qa3cZadAwqqJd5W/UmxWmb/aDfXfw5CBM883WInoQF4pfCiGbxB8KG 19XHYoUW1vYciTJCtJuKNn6o3mOq7dejj6MJ6GJwQzpXJI9HivVjUh5GAWJzgrFnZJRSJgnhkhvM 0GSWOG7JJUsPAhlhMPN4MyZnMBZ2ZphT2lRlO226OSGRWkKJoX9qVedCjfZwB0OeerZoqAv6BdQj gBrKlCKVK7Zjw5si7hgjhpHGRxSHlAbJmWKY6vjkpsZB+p+XaoI5aU1X5sikpnKGB2BBJtKkpCyk 7ulkn6jmdutxr8Ja6ai8lTrrqbXamhb/sbrSh8OMvbZIYTpY4jYnnaxSOg45ZYwEKqzKHhgnaNty +ylp3zKjgoFUVIsjvNCcq226KEbboQ3Zhikvtv2aCmyz+K6lL5W0qvGvRCEKXKafBdO48CMJOjEx TwEvOzC6BaObJsLMKpysr2QC3F7H+bZBWsJiXUyWrOayfOGf08FjncuefXcDzsPpvGij4Mm06NBE w2BwRicebKfMLPCMGp8PQ5tqhlbIpzS5Ibc8srXQiMk0Hq6KYoag0q3rdMYpnI12CnkimLFeXWJj 9YwzQzS23EdrIfHWUQOiNsxUIOq2rAQZfS9R0NRtFWJUI2023yaL+ze9QtNgb1YBdmTQ/9hAbNG5 g4KG/g5MnFdOOhcmqgV2sUp9nTbkDK99NVeXH63U6hfljvoe1zyr0ei6fzrU4x26Hi/sFDf8evFf E3R7WsAEr1H0mE/vud53D5t4t0tn7S/yGAM+u+a1r545SLhLNvfc5qdfVEba08091htrzTzXIt9f P+YxmH669JvzH+nIBr3g5Up+xAPZ/poGvpdR7nzd857BUjW8j0Wwb/lT4LweMq7WNU9xVQnL3vQX OWo1MGcP7CDtPqig0IiwTvTDoP00aLIU8mw40AlbJjo3HcfBYGVFysHkhHjCnNEAhEK524UMwroV LtBiRXxaBi8ow+oJq0HU+d34yCdBKP+SMHbiU1kRcYgmZ7VQdAmkIhglF0XlHe+LaywjzRCHuBHS MI4QGWIex1gxuLmwcR5rIhefuLw7Jk92YoTjIU9Gx8nwkHdZnJ8HCflGQ4bPhnx8GxJb8kJJOrGK DFSkAzl4wz5usiKdTGMMS7hHUaKQlJkk3CkFkkoLrhKPfmsjIiF4S1wGklPbU+UkQelFS46ylcZ8 WQ5tVUFBgsR4zowVJl1pRDkuDm+p/EIzt/jMLhZSjYucZjKrKTU1EMycH9pmIqlZsW/28pKwpCYZ odW/AUqKei4YnT3Tqbo6Yk8FQNQSEdnpEByUEiiO6g/F3Ge19fWnfV9QFdLKE1BiunP/mDWM5zjn ma9oODSfALSnH5GgRN55ypYY9eUMwQlPZLI0fMscwkJ914eP4kaHYhkWGlH6SVbmkqC7VOEgn0iQ he6TelrsD+f6KQ5A3tSZN4EmN6Wp0ZcqU471TCIWywPDlC6SjUANIy+9+lVrCitpEIWoUIfq0ym+ 85g/3agpW+hIdY6VrFd16VtfqVe85jVlZw0mT9mq0u+FVZxWJSdg2yGEZ7BPN4KFaqzAOk4prnSv iv1lUyBGV8ZGlptR9WYlE2tZw8pVk53Vp1H6h8/V/lNvArwmkoTZ08KGsrJujGb5RgofmpbUpibN EG/PWc61dpOSuiWZaRPLUc1Sw7fC/91dcNcyXI5dc7DHtehoMVva2zJ3ro3srXST5tv0RTe18cGV zQb1Nx0M0aCx9NkLQAg6LOLOKCKt7wTV4FSMYDe0yJ1quZLbxeqGEFL+ZJ9xAaxdAm+wr7W1bVr/ eBRA3aqibb2sX3tWVcw296ZFC3HRzujcBU/WhIft8IY/PMsQ5u2poD0xhAkbThVHuKzBuiLqIklb GsMUxbgN6kFlibISY1jCF70xXN26YvAWeb8mluo6SZtbAbPwyVA+Mo7jSmUhx9dMHbNjlx94Vx8v WcNK/qt1iyxm7u6yzNnN6IzjnOEWH6nNG27ndvNc5Sl72MlPxnOaWexdN3tZnoBekP96PXYzXcqX Bu/d2ZcTWqIX+1eyUoYzg+XM5T+jVkYIxpWCtfzjOW8ajIj1NJFB3SmhdXXQenYwp5k8aEKHN7AH KS6p1YxmM/O1003+dKUnnOX2AnnMqQ72qkEdOh9iWrSyRrWNfZ3Zw6FM0NSOtZXx12s6SxinLnx1 tt9sXKqaenCMxDK2vV1qYMO6z5pGN5gjJm5283q5hhZruXeLZStGGdrbfrC7qW1rcNfVk+MWa7wH HHBiGtww6z71lmmdcH0POd0l4vH72Oto9zr60TK4+BEfVWHx/FfGA7f3rymu8mrbmZPUhcWojX1u hvtZ2Rhnpj9hi/CWa/vm7z70aZf/vaBW+3vXLi80n4X+XWEXfecwBnrQybxv5Sq91ok2Y00B++8A S93n8K56gftd7I4fO9/JxrrT2Vxvibeb5W4/M75xPm98RRzlcDd3yuN+b/Sm6+6ZFrvA885vsgMe 4F/nO4drfmV1tx3v3VZ8d4vZdKKzveeSJ7ce9y5vzjJ7vS1AOg4HGmSQh3zSQduWqmBygNa3vusV CoDrZ0971wseYLKvve4PcHtsqWD3D6+GRHUP+3T8fvfEP1vukU/73ktk+c0PvvArLOLqW//6sbi2 0Y/RijRInx0I1gTZucTU8Zv//OhPv/rXz/72BwNvkor/++UPOsrIH63ldz9axKtFXR0qsaEP1RQz MYABqH8uMR4GtFkEmIC6QYAPFX4GKFur5YCb5Wr/43eCpV9oFYHDI10AOH+IUYCQRRUfyIGfBYAQ GBxbx4AV6IAlaIKzhX/VYX8yqE8VuIH1Z34RAAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0041.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0041.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan finance"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"223"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>7</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s228354" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s228354" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan financ= e</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 28355" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s228355"> <div id=3D"_x0000_s228355_0_18" class=3DHB style=3D'position:absolute;top:= 35.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Fund= ing procedure </span></span></div> <div id=3D"_x0000_s228355_18_37" class=3DHB1 style=3D'position:absolute;to= p:40.5%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Benefit allocation </span></span></div> <div id=3D"_x0000_s228355_37_53" class=3DHB1 style=3D'position:absolute;to= p:45.5%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Cost allocation </span></span></div> <div id=3D"_x0000_s228355_53_74" class=3DHB1 style=3D'position:absolute;to= p:50.25%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Funding requirements </span></span></div> <div id=3D"_x0000_s228355_74_161" class=3DHB2 style=3D'position:absolute;t= op:55.0%; left:20.22%;width:34.45%;height:14.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:7.06%;width:82.06%;height:24.56%'><= span style=3D'font-size:89%'><span class=3DHB2B style=3D'position:absolute;left= :-8.6%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-CN'>ERISA imposes funding </span></span><span style=3D'position:absolute;top:24.56%; left:7.06%;width:78.26%;height:24.56%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>requirements that are </span></span><span style=3D'position:absolute;top:49.12%;left:7.= 06%; width:92.39%;height:24.56%'><span lang=3DEN-US style=3D'mso-fareast-font-f= amily: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>generally limited to defined </span></span><span style=3D'position:absolute;top:75.4= 3%; left:7.06%;width:78.26%;height:24.56%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>benefit plans </span></span></div> <div id=3D"_x0000_s228355_161_206" class=3DHB2 style=3D'position:absolute; top:70.0%;left:20.22%;width:34.64%;height:7.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:7.02%;width:92.97%;height:50.0%'><s= pan style=3D'font-size:89%'><span class=3DHB2B style=3D'position:absolute;left= :-7.55%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-CN'>Pens= ion Benefit Guarantee </span></span><span style=3D'position:absolute;top:50.0%; left:7.02%;width:77.83%;height:50.0%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>Corporation (</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-han= si-font-family: Arial;font-size:89%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.pbgc.gov/"/><a href=3D"http://www.pbgc.gov/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">PBGC</a></span><span lang=3D= EN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 89%;mso-fareast-language:ZH-CN'>) </span></span></div> <div id=3D"_x0000_s228355_206_222" class=3DHB3 style=3D'position:absolute; top:77.5%;left:25.09%;width:24.34%;height:3.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.76%;width:90.0%;height:100.0%'><= span style=3D'font-size:88%'><span class=3DHB3B style=3D'position:absolute;left= :-11.96%; top:.22em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fo= nt-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.pbgc.gov/media/news-archive/2002/pr03-09.html"/><a href=3D"http://www.pbgc.gov/media/news-archive/2002/pr03-09.html" target= =3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Bethlehem Steel</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N; display:none'> </span></span></div> <div id=3D"_x0000_s228355_222_238" class=3DHB3 style=3D'position:absolute; top:81.25%;left:25.09%;width:24.34%;height:3.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.76%;width:90.0%;height:100.0%'><= span style=3D'font-size:88%'><span class=3DHB3B style=3D'position:absolute;left= :-11.96%; top:.22em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fo= nt-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.pbgc.gov/workers-retirees/find-your-pension-plan/PlanP= age/plan_19912600.html"/><a href=3D"http://www.pbgc.gov/workers-retirees/find-your-pension-plan/PlanPa= ge/plan_19912600.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>United Airlines</a></span><span lang=3DEN-US style=3D'font-famil= y:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:88%; mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s228355_238_242" class=3DHB3 style=3D'position:absolute; top:85.0%;left:25.09%;width:24.34%;height:3.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.76%;width:90.0%;height:100.0%'><= span style=3D'font-size:88%'><span class=3DHB3B style=3D'position:absolute;left= :-11.96%; top:.22em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fo= nt-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://richardmacminn.com/life/IBM to Freeze Pension Program in 0= 8.htm"/><a href=3D"http://richardmacminn.com/life/IBM%20to%20Freeze%20Pension%20Progr= am%20in%2008.htm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>IBM</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso= -fareast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N; mso-special-format:lastCR;display:none'> </span></span></div> </div> <v:shapetype id=3D"_x0000_t202" coordsize=3D"21600,21600" o:spt=3D"202" pa= th=3D"m,l,21600r21600,l21600,xe"> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> </v:shapetype><v:shape id=3D"_x0000_s228356" type=3D"#_x0000_t202" style= =3D'position:absolute; left:384pt;top:219.125pt;width:294pt;height:320.875pt' filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]"/> <v:shadow color=3D"#669 [2]"/> <v:textbox style=3D'mso-fit-shape-to-text:t'/> <p:animation number=3D"4" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/></v:shape> <div id=3D"_x0000_s228356_AllText" v:shape=3D"_x0000_s228356" class=3DO style=3D'position:absolute;top:41.5%;left:54.3%;width:46.44%;height:58.0%; white-space:nowrap'> <div style=3D'mso-line-spacing:"100 30 0"'><span style=3D'position:absolut= e; top:0%;left:0%;width:95.96%;height:6.89%'><span lang=3DEN-US style=3D'mso-= fareast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>Two funding methods for benefits </span></span= ><span style=3D'position:absolute;top:6.89%;left:0%;width:83.87%;height:6.89%'><s= pan lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>are the unit credit and the </span></span><span style=3D'position:absolute;top:13.79%; left:0%;width:85.08%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span></span></span><span style=3D'posi= tion: absolute;top:20.68%;left:0%;width:83.87%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>Both of these methods= are </span></span><span style=3D'position:absolute;top:27.58%;left:0%;width:99= .59%; height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical;mso-fareast= -language: ZH-CN'>individual calculation methods with </span></span><span style=3D'position:absolute;top:34.48%;left:0%;width:83.87%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the </span><= /span><span style=3D'position:absolute;top:41.37%;left:0%;width:92.74%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>projected u= nit credit method, the </span></span><span style=3D'position:absolute;top:48.2= 7%; left:0%;width:99.19%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>current year’s service and the past </sp= an></span><span style=3D'position:absolute;top:55.17%;left:0%;width:100.0%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>service liability is the present value </span></span><span style=3D'position:absol= ute; top:62.06%;left:0%;width:83.87%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>of the participants projected </span></span><span style=3D'position:absolute;top:68.96%;left:0= %; width:91.53%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-fa= mily: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>retirement benefit attributable to </span></sp= an><span style=3D'position:absolute;top:75.86%;left:0%;width:83.87%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>service ear= ned prior to the </span></span><span style=3D'position:absolute;top:82.75%; left:0%;width:83.87%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>calculation date. </span></span></div> <div style=3D'mso-line-spacing:"100 50 0";mso-char-wrap:0;mso-kinsoku-over= flow: 0;position:absolute;top:93.96%;left:0%;width:83.87%;height:6.03%'><span lang=3DZH-CN style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-ansi-language:EN-US;mso-spec= ial-format: lastCR;display:none'> </span></div> </div> <v:shape id=3D"_x0000_s228359" type=3D"#_x0000_t202" style=3D'position:abs= olute; left:366pt;top:197.5pt;width:354pt;height:342.5pt' filled=3D"f" fillcolor= =3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]"/> <v:shadow color=3D"#669 [2]"/> <v:textbox style=3D'mso-fit-shape-to-text:t'/> <p:animation number=3D"7" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/></v:shape> <div id=3D"_x0000_s228359_AllText" v:shape=3D"_x0000_s228359" class=3DO style=3D'position:absolute;top:37.5%;left:51.87%;width:56.55%;height:62.0%; white-space:nowrap'> <div style=3D'mso-line-spacing:"100 30 0"'><span style=3D'position:absolut= e; top:0%;left:0%;width:98.67%;height:6.45%'><span lang=3DEN-US style=3D'mso-= fareast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>In this method the total benefits to be paid <= /span></span><span style=3D'position:absolute;top:6.45%;left:0%;width:89.4%;height:6.45%'><sp= an lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>to an emplo= yee are estimated and the </span></span><span style=3D'position:absolute;top:1= 2.9%; left:0%;width:89.07%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>amount required to pay the benefits is </span>= </span><span style=3D'position:absolute;top:19.35%;left:0%;width:84.1%;height:6.45%'><s= pan lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>accumulated through level amounts </span></span><span style=3D'position:absolute;top:2= 5.8%; left:0%;width:89.73%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>contributed over the remaining year of </span>= </span><span style=3D'position:absolute;top:32.25%;left:0%;width:95.69%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>service.<sp= an style=3D'mso-spacerun:yes'> </span>The calculation is similar to tha= t </span></span><span style=3D'position:absolute;top:38.7%;left:0%;width:83.77%;height:6.45%'><s= pan lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>for a level premium.<span style=3D'mso-spacerun:yes'> </span>If the rate of </sp= an></span><span style=3D'position:absolute;top:45.16%;left:0%;width:95.69%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>compensatio= n or benefits increases then </span></span><span style=3D'position:absolute; top:51.61%;left:0%;width:97.68%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>an adjustment in the amount of insurance </span></span><span style=3D'position:absolute;top:58.= 06%; left:0%;width:98.67%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>is made and the funding of the increase in </s= pan></span><span style=3D'position:absolute;top:64.51%;left:0%;width:91.72%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>benefits is accomplished by a separate </span></span><span style=3D'position:absolute; top:70.96%;left:0%;width:100.0%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>and additional level premium payable from </span></span><span style=3D'position:absolute;top:77= .41%; left:0%;width:89.4%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast-= font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>the date of increase and based on the </span><= /span><span style=3D'position:absolute;top:83.87%;left:0%;width:83.77%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>employee= 217;s age at that time. </span></span></div> <div style=3D'mso-line-spacing:"100 50 0";mso-char-wrap:0;mso-kinsoku-over= flow: 0;position:absolute;top:94.35%;left:0%;width:83.77%;height:5.64%'><span lang=3DZH-CN style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-ansi-language:EN-US;mso-spec= ial-format: lastCR;display:none'> </span></div> </div> </p:slide></div> <p:animation number=3D"73191654"/><oa:par id=3D"TimeNode0" dur=3D"indefinit= e" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_0_18" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_0_18" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_0_18" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_18_37" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_18_37" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_18_37" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode18" dur=3D"2.0" targetElement=3D"_x000= 0_s228356" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode19" o:presetID=3D"ppt_8" o:presetClass=3D"entrance" o:presetSubType=3D"0x10" begin=3D"0.0" fill= =3D"hold" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode20" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356_AllText" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode21" dur=3D"2.0" targetElement=3D"_x0000_s228356_AllText" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode22" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode23" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode24" o:presetID=3D"ppt_8" o:presetClass=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:animateFilter id=3D"TimeNode25" dur=3D"2.0" targetElement=3D"_x000= 0_s228356" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode26" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356" attributeName=3D"style.visibility" to=3D"hidden"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode27" o:presetID=3D"ppt_8" o:presetClas= s=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"wit= hEffect"> <oa:animateFilter id=3D"TimeNode28" dur=3D"2.0" targetElement=3D"_x0000_s228356_AllText" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode29" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356_AllText" attributeName=3D"style.visib= ility" to=3D"hidden"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode30" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode31" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_37_53" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_37_53" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_37_53" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode36" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode37" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode38" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode39" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode40" dur=3D"2.0" targetElement=3D"_x000= 0_s228359" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode41" o:presetID=3D"ppt_8" o:presetClass=3D"entrance" o:presetSubType=3D"0x10" begin=3D"0.0" fill= =3D"hold" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode42" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359_AllText" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode43" dur=3D"2.0" targetElement=3D"_x0000_s228359_AllText" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_8" o:presetClass=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:animateFilter id=3D"TimeNode47" dur=3D"2.0" targetElement=3D"_x000= 0_s228359" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode48" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359" attributeName=3D"style.visibility" to=3D"hidden"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode49" o:presetID=3D"ppt_8" o:presetClas= s=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"wit= hEffect"> <oa:animateFilter id=3D"TimeNode50" dur=3D"2.0" targetElement=3D"_x0000_s228359_AllText" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode51" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359_AllText" attributeName=3D"style.visib= ility" to=3D"hidden"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode52" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode53" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode54" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode55" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_53_74" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode56" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_53_74" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode57" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_53_74" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode58" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode59" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode60" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode61" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_74_161" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode62" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_74_161" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode63" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_74_161" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode64" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode65" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode66" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clic= kEffect"> <oa:set id=3D"TimeNode67" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_161_206" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode68" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_161_206" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode69" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_161_206" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode70" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"with= Effect"> <oa:set id=3D"TimeNode71" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_206_222" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode72" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_206_222" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode73" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_206_222" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode74" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"with= Effect"> <oa:set id=3D"TimeNode75" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_222_238" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode76" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_222_238" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode77" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_222_238" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode78" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"with= Effect"> <oa:set id=3D"TimeNode79" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_238_242" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode80" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_238_242" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode81" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_238_242" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s228355" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/><oa:buildParagraph targetElement=3D"_x0000_s2283= 56" groupID=3D"0" build=3D"asAWhole" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:buildParagraph targetElement=3D"_x0000_s228356" groupID=3D"1" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:b= uildParagraph targetElement=3D"_x0000_s228359" groupID=3D"0" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:b= uildParagraph targetElement=3D"_x0000_s228359" groupID=3D"1" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Benefit alloc= ation</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Two funding meth= ods for benefits are the unit credit and the projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span>Both of these methods are indivi= dual calculation methods with past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the projected unit credit met= hod, the current year’s service and the past service liability is the present value of the participants projected retirement benefit attributab= le to service earned prior to the calculation date.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Cost allocati= on</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>In this method t= he total benefits to be paid to an employee are estimated and the amount required = to pay the benefits is accumulated through level amounts contributed over the remaining year of service.<span style=3D'mso-spacerun:yes'> </span>= The calculation is similar to that for a level premium.<span style=3D'mso-spacerun:yes'> </span>If the rate of compensation or benefits increases then an adjustment in the amount of insurance is made = and the funding of the increase in benefits is accomplished by a separate and additional level premium payable from the date of increase and based on t= he employee’s age at that time.</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0042.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0042.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan finance"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"228"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>8</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s233478" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s233478" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan financ= e</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 33479" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s233479"> <div id=3D"_x0000_s233479_0_14" class=3DB style=3D'position:absolute;top:3= 5.5%; left:10.11%;width:82.2%;height:6.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span class=3DBB style=3D'position:absolute;left:-4.77%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>Pension costs </span></span></div> <div id=3D"_x0000_s233479_14_57" class=3DB1 style=3D'position:absolute;top= :42.75%; left:15.16%;width:77.34%;height:5.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB1B style=3D'position:absolut= e; left:-4.29%;top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso= -fareast-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>The following factors affect pension costs </span></span></div> <div id=3D"_x0000_s233479_57_67" class=3DB2 style=3D'position:absolute;top= :48.75%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Mortality </span></span></div> <div id=3D"_x0000_s233479_67_76" class=3DB2 style=3D'position:absolute;top= :54.25%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Interest </span></span></div> <div id=3D"_x0000_s233479_76_98" class=3DB2 style=3D'position:absolute;top= :59.5%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Expense of operations </span></span></div> <div id=3D"_x0000_s233479_98_107" class=3DB2 style=3D'position:absolute;to= p:64.75%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Turnover </span></span></div> <div id=3D"_x0000_s233479_107_118" class=3DB2 style=3D'position:absolute;t= op:70.25%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Disability </span></span></div> <div id=3D"_x0000_s233479_118_136" class=3DB2 style=3D'position:absolute;t= op:75.5%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Age of retirement </span></span></div> <div id=3D"_x0000_s233479_136_160" class=3DB2 style=3D'position:absolute;t= op:80.75%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Changes in compensation</span></span></div> </div> </p:slide></div> <p:animation number=3D"-1072961217"/><oa:par id=3D"TimeNode0" dur=3D"indefi= nite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_0_14" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_0_14" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_0_14" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_14_57" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_14_57" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_14_57" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_57_67" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_57_67" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_57_67" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_67_76" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_67_76" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_67_76" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_76_98" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_76_98" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_76_98" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_98_107" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_98_107" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_98_107" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode38" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode39" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_107_118" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_107_118" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_107_118" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_118_136" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode48" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_118_136" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode49" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_118_136" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode50" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode51" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode52" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode53" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_136_160" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_136_160" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode55" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_136_160" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s233479" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"true"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Two funding meth= ods for benefits are the unit credit and the projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span>Both of these methods are indivi= dual calculation methods with past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the projected unit credit met= hod, the current year’s service and the past service liability is the present value of the participants projected retirement benefit attributab= le to service earned prior to the calculation date.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension costs</f= ont><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>The following fa= ctors affect pension costs</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>1.</font><font f= ace=3DArial size=3D3>Mortality</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>2.</font><font f= ace=3DArial size=3D3>Interest</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>3.</font><font f= ace=3DArial size=3D3>Expense of operations</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>4.</font><font f= ace=3DArial size=3D3>Turnover</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>5.</font><font f= ace=3DArial size=3D3>Disability</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>6.</font><font f= ace=3DArial size=3D3>Age of retirement</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>7.</font><font f= ace=3DArial size=3D3>Changes in compensation</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension funding = vehicles</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0043.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0043.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan finance"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"230"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>9</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s235522" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s235522" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan financ= e</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 35523" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s235523"> <div id=3D"_x0000_s235523_0_25" class=3DB style=3D'mso-line-spacing:"80 20= 0"; position:absolute;top:34.75%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Pension finance vehicles </span></span></div> <div id=3D"_x0000_s235523_25_39" class=3DB1 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:39.0%;left:15.16%;width:77.34%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Fully insured </span></span>= </div> <div id=3D"_x0000_s235523_39_90" class=3DB2 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:43.0%;left:20.22%;width:72.28%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>These rely on insurance contracts to fund the plan </span></span></div> <div id=3D"_x0000_s235523_90_102" class=3DB1 style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:46.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Non-insured </span></span></= div> <div id=3D"_x0000_s235523_102_166" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:50.5%;left:20.22%;width:75.65%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.21%;width:96.78%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.32%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>These are self administered and require the creation of a trust </span></spa= n></div> <div id=3D"_x0000_s235523_166_205" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:54.25%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>The employer is self insuring the fund </span></span></div> <div id=3D"_x0000_s235523_205_236" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:57.75%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>The employee faces credit risk </span></span></div> <div id=3D"_x0000_s235523_236_279" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:61.25%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>The PBGC insures the defined benefit plans </span></span></div> <div id=3D"_x0000_s235523_279_292" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:65.0%;left:15.16%;width:77.34%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Split funded </span></span><= /div> <div id=3D"_x0000_s235523_292_332" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:68.75%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>This plan relies partially on insurance </span></span></div> <div id=3D"_x0000_s235523_332_374" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:72.5%;left:20.22%;width:72.28%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>A maturity funding contract is an example </span></span></div> <div id=3D"_x0000_s235523_374_420" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:76.0%;left:25.09%;width:67.22%;height:3.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:78%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:78%;mso-fareast-language:ZH-CN'>A bank holds and invests the act= ive life fund </span></span></div> <div id=3D"_x0000_s235523_420_499" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:79.0%;left:25.09%;width:79.4%;height:5.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:3.3%;width:96.69%; height:59.09%'><span style=3D'font-size:78%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.41%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:78%;mso-fareast-language:ZH-CN'>Funds are moved to insurer to provide guaranteed annuities as employees </span></span><span style=3D'position:absolute;top:45.45%;left:3.3%;width:81.6%;height:59.09%'= ><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:78%;mso-fareast-language:ZH-CN'>retire</span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_0_25" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_0_25" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_0_25" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_25_39" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_25_39" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_25_39" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode14" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode15" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_39_90" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode16" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_39_90" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_39_90" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode18" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode19" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode20" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode21" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_90_102" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode22" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_90_102" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode23" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_90_102" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode24" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode25" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_102_166" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode26" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_102_166" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode27" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_102_166" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_166_205" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_166_205" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_166_205" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_205_236" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_205_236" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_205_236" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode36" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode37" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_236_279" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode38" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_236_279" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode39" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_236_279" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode40" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode41" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode42" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode43" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_279_292" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode44" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_279_292" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode45" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_279_292" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_292_332" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode48" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_292_332" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode49" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_292_332" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode50" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode51" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_332_374" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode52" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_332_374" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode53" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_332_374" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode54" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode55" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_374_420" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode56" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_374_420" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode57" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_374_420" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode58" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode59" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_420_499" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode60" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_420_499" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode61" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_420_499" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s235523" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"true"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Two funding meth= ods for benefits are the unit credit and the projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span>Both of these methods are indivi= dual calculation methods with past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the projected unit credit met= hod, the current year’s service and the past service liability is the present value of the participants projected retirement benefit attributab= le to service earned prior to the calculation date.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension costs</f= ont><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>The following fa= ctors affect pension costs</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>1.</font><font f= ace=3DArial size=3D3>Mortality</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>2.</font><font f= ace=3DArial size=3D3>Interest</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>3.</font><font f= ace=3DArial size=3D3>Expense of operations</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>4.</font><font f= ace=3DArial size=3D3>Turnover</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>5.</font><font f= ace=3DArial size=3D3>Disability</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>6.</font><font f= ace=3DArial size=3D3>Age of retirement</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>7.</font><font f= ace=3DArial size=3D3>Changes in compensation</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension funding = vehicles</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0044.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0044.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Pension contract risks"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"232"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>10</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s237570" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s237570" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Pension contract risks</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 37571" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s237571"> <div id=3D"_x0000_s237571_0_36" class=3DHB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:34.75%;left:10.11%;width:41.01%;height:8.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:9.13%;width:90.86%; height:56.25%'><span style=3D'font-size:83%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-10.05%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-C= N'>What are the risks for the </span></span><span style=3D'position:absolute;top:4= 3.75%; left:9.13%;width:86.75%;height:56.25%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-C= N'>insurer? </span></span></div> <div id=3D"_x0000_s237571_36_114" class=3DHB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:42.75%;left:15.16%;width:40.07%;height:10.25%; white-space:nowrap'><span style=3D'position:absolute;top:0%;left:7.94%; width:92.52%;height:39.02%'><span style=3D'font-size:90%'><span style=3D'mso-special-format:bullet;position:absolute;left:-8.58%;top:.3em; font-size:75%'>–</span></span><span lang=3DEN-US style=3D'mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>More individuals may live to </span></span><span style=3D'position:absolute; top:29.26%;left:7.94%;width:78.03%;height:39.02%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 90%;mso-fareast-language:ZH-CN'>retire than the mortality </span></span><s= pan style=3D'position:absolute;top:60.97%;left:7.94%;width:78.03%;height:39.02= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>tables used anticipate </spa= n></span></div> <div id=3D"_x0000_s237571_114_189" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:53.0%;left:15.16%;width:37.45%;height:10.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:8.5%;width:92.0%; height:39.02%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-9.23%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>Those who retire may </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtosho= w=3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&= amp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT"/><a href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtoshow= =3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&a= mp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>live </a></span></span><span style=3D'position:absolute;top:31.7= %; left:8.5%;width:86.5%;height:39.02%'><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtosho= w=3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&= amp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT"/><a href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtoshow= =3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&a= mp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">longer</a>= </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'> than the mortality </span></spa= n><span style=3D'position:absolute;top:63.41%;left:8.5%;width:83.5%;height:39.02%'= ><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>tables used anticipate </spa= n></span></div> <div id=3D"_x0000_s237571_189_269" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:63.5%;left:15.16%;width:38.57%;height:10.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:8.25%;width:92.23%; height:39.02%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-8.94%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>The </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 90%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/2001 CSO Mortality Table.xls"/><a href=3D"http://macminn.org/life/2001%20CSO%20Mortality%20Table.xls" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>rate of interest</a></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><span style=3D'mso-spacerun:yes'> </span>earned </span></span><span style=3D'position:absolute;top:29.26%;left:8.25%;width:81.55%;height:39.02= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>on investments may fall </span><= /span><span style=3D'position:absolute;top:60.97%;left:8.25%;width:91.74%;height:39.02= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>below the anticipated level = </span></span></div> <div id=3D"_x0000_s237571_269_319" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:73.75%;left:15.16%;width:36.32%;height:7.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:8.76%;width:91.23%; height:55.17%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-9.6%;top:.3em;font-size:75%'>–</span>= </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>There may be defaults in </span>= </span><span style=3D'position:absolute;top:44.82%;left:8.76%;width:86.08%;height:55.17= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>the investment portfolio </s= pan></span></div> <div id=3D"_x0000_s237571_319_364" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:81.0%;left:15.16%;width:34.45%;height:7.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%; height:55.17%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-10.17%;top:.3em;font-size:75%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>Plan expenses may be </span></sp= an><span style=3D'position:absolute;top:44.82%;left:9.23%;width:90.76%;height:55.17= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>higher than anticipated </sp= an></span></div> <div class=3DHB style=3D'mso-line-spacing:"80 20 0";position:absolute;top:= 88.5%; left:10.11%;width:39.32%;height:4.0%'><span style=3D'mso-special-format:no= bullet; display:none;font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-= US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;font-size:83%;mso-fareast-language:ZH-CN;mso-special-format:lastCR; display:none'> </span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 37577" type=3D"#_x0000_m1032" href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtosho= w=3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&= amp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" style=3D'position:absolute;left:372pt;top:222pt;width:2= 96.875pt; height:222pt' o:spt=3D"75" o:preferrelative=3D"t" path=3D"m@4@5l@4@11@9@1= 1@9@5xe" filled=3D"f" fillcolor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill color2=3D"white" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0044_image013.png" o:title=3D"life expectancy in= years"/> <v:shadow color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"t" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"half"/></v:shape><!= [if !vml]><map name=3D"map_s9"><area href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtoshow= =3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&a= mp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Dre= ct coords=3D"0, 0, 221, 165"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s237577" src=3D"slide0044_image014.gif" usemap=3D"#map_= s9" style=3D'position:absolute;top:41.0%;left:51.68%;width:41.19%;height:41.0%= '><![endif]></p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_0_36" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_0_36" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_0_36" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_36_114" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_36_114" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_36_114" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_114_189" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_114_189" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_114_189" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_189_269" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_189_269" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_189_269" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_269_319" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_269_319" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_269_319" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_319_364" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_319_364" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_319_364" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s237571" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>At the live long= er link go to the Vaupel article in Science Magazine</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>http://www.scien= cemag.org/cgi/content/full/296/5570/1029?maxtoshow=3D&HITS=3D10&hit= s=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&searchid=3D1&FIRST= INDEX=3D0&resourcetype=3DHWCIT</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Discuss the long= evity, interest rate, credit and expense risks.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0044_image013.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAAbgAAAFJCAMAAADe2sg9AAADAFBMVEWxZ5qtrKzp6emEhISJiIhG RUVsa2vU6Mz4+Pg5ODi016Z9fHzS0tJzc3OEu26oqKiOc3/AwMCxsLDaq8be3t7qus5ypl3vytrl 5eXx8fH01+L9/f329vbPkLTu7u7Gxsa6ubm+vb2p0ZmOjY1jYmLX1tbJyMienp7Z2dnEeqWlpKTh 4eHOpLKrhrbH4bzeeouioaFdXFyZmZm1tbXVYXPNzc10WFnmlqeSkZGX1faaOkRTUlKAgIDM6/uY tZbqqrj35OvIiZWWlpbp8+WbyYmn2/d5SmVVbUtYOElmiZjQz893yPFvbW337j7hhpiwydb56/CO wXl9dD2vr6+qqqpvXTw8UFuPXGZggFLQ0NDdb4GhcX27lprj1eeKRVqqOz6Pj49huNP0+fL78fWs qqque1NyaIXJo0L89fi64faPydnr6+ve7tjSvdjv5/BNTEyqqane8/7Ly8uEgoOysrLml8aUk5O3 trZDYnPT09O3o7ybmpqXlpf9+fqquaSXzKxmRlGClJ6ZipWjs5+7vKjx+f13dnbw9+2klaVoZ2fN 4MRLW0T6/PlIW2ZYV1eusLDv3uaGoHtBQED28viEiIfHuc7p3+z6+vr6/v+2nqbUu8fOztWFi4mV mpmgRE/h5eq/0Lj8/PxhU1qnp6ecm5yvr7Hfz+CSlpVkaWbT0dOXkJXT09Snq6j3+/Z6eXmmp6m6 uryQh4ykpKTExMSsq6vEycOrrK7x9PbY0tPz8/P27/THx8etqq7P0NH8+vzMzM21tbnBubyzs7O3 urnl5OSHh4fU1NWjpKWJjIu0t7eLkI7q3ODixNXj4+Ows7LEsrjb29u4uLi0s7N7jHbq6up4ipPk 8ODo6OioiZW7u7uNrr+cmJ2XoZSQcpbT1NPR08+VlJSGhYWmpqbS0tGnWnM2QDnQx85CS1BkS2rl 7PCMiDvTS53cbrCqq63FwsPCwcGeqZiLi4unnKdyX2Jwb2+pqqiBaHBmbWHR0dE9PDzR0tOMiIhu hmS93LB7xMX///+HteYJAAABAHRSTlP///////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////8AU/cHJQAA AAFiS0dE/6UH8sUAAAAMY21QUEpDbXAwNzEyAAAAA0gAc7wAAD/qSURBVHhe7b0PfGLXfSdqBGJg rjCBQR4xlwGu+DvCGQMyGRxdZ6by2E6wMh0vei/WOGmp/dLYYRIpSIZS8Gt294UJU6/iqBvfJG/T tVZKum2eaRfY9tF5G7VaYF8SKwWqNeG12ZXYbHb3Pb9laXld6WWnZ88FJHE1FwQIEJL45eOJLvf8 +Z3f95xzz/md3+93HgI9OpYSeIiG6wSOZICbpTCLj2WTTgfTNMChrJBUqQuPJBLE6ZDBsWwlDXAS BQCI1agwa8kWEemhoSE7/G+P0n2URzv1UUpNS81qX6dmJQvfpfS+avZlpaQdktbMuo+lfVmpHFJZ 6qPWSm3NEPVxX9p1u5RaL6We1j7Y6aZKo3l1OrwcTipVEDirmc/XI1l+BdlilU98Xr7yUc8OVj56 EEpaH5PyiHhqpN2XlZqWz/bWyLqPwwnYhj0aKegrH52zFJZYeI20QTYlKyXt0tLsJtNJERSl4NY+ 4HTA6azCCVcaAOYIBC4Mx91imDKbuHOUx3FH5SMxS3kpZVAejRnKI0Na+Wjn18rKt1Pebg7VyBoP UdLGyB64RxuUT0AiSXkpG6U8KqifCxblMSSkZs07OJ2adsN03zhnXMdTsS0iJYkIww1AZGmxkiFR nMKeU1b5KLFS2jZEBSMzRcnKp0hfSikI7Msqo4AMmKLKkvZlNWGUauZ0lK5FXXRFLZS0AgoYhEtC aVyMsl6LU7osOqmgiKmtGPLpRtyAj+cGIR7PSlZNAifW1+JIkavBYjRYi/9gtOmsCAW4fcU4qAOb +pbI11otZ6izCzWrBK+RdSUw11asqF2eDjiAojARWgKLBI6jJn+oRliixksppVPuT+igjiLq69pZ U9SZk5pVR50bqS8XM5RRtI8nLXUA7sPcVX0utGCWWllbjCntiKPUQQLXo4MlgEo79n0jmekBdzAk 9aQgBH31JGtdmh5wLZElmsM6rKzoAdcK4NA/kLWimEbK6AHXiLSqpEUzgs7tA8o89IA7PHCLspqL 7sNXQFdCD7hDy5WTFBy6jMYL6AFHkVk817gI96nXKgvg2AEhFkuBuPUrlzqAq7WXbbyZ3Z0jZWyc vxq6CbcC2EdTBeBq/V7hYODC1viD/eXCIEmvkK3cYlVuPHW7KqHVAfXx27pjAXkjlJTLNEJM7ko+ mOlfZgRxMMACdmvO7MhAjX2L6WDgZnw0B+Gvvf/aa6+9XwQuNmYBixyAcoBUJSE2chwiDcSqCIhZ ++wgqu34cutQAhL4PQ2QV6MvmI3G/TmMxm99y/ONT37iRRI4sRWLm821NHvNMXwwcAy6qfLaawCc h/8BkOBlPMDBBHZNH47bVPO8FBs3+fBAxJZhhDAeQj0HaY7JzuVKahqrK3SvWvo3H7t1FQwhuowL S4iURwIc7YT32nnw/jWSaY1RbBA7AqDPKMDtKo4m7uJx3FPrrAFnJihXi3Rt4Lkx2TaUOtMQcJxv b9GXfm0QXDj/OnwnWsUkUSnYqqXVbojB3cR1jDha4M6/f/5csRCfsrCQG8CBdEOi521KsiKXDTh8 elzlzGSxUTzrb31na66ldeXiROpKVkpEfJt6XLuT9fxjj19toJjmkjYLHPra+zfJGi2Ibm0mP8Dm TLJMJqlPll2ZYwFfNjJrssmDQuVU2tD6BVVzLW15LvEfUM+TSxVcGASDV4uiaS81Cxy4UPzCAf0q 7HlGKY6zRnW82TyRwTN8kOHlY1a+Q+4YQRQxdXsbcHSli777QN2vD3ZisBWrbRq4MtPFRSPcyZC7 AEIK/+CQh7ARCfx/8o14EbR+73l0WFXUHHnwKPzlwVu3rpJftk7QYYHrBI/dWAfn/6VYyxRZvHrj Qi1DgdY2owdcU/KUJvfPk4NXQXFb2ynqAdeMpMXZf0HNdu3G4+ebKaj5PIcFjsPf26II5BQ+sA7a PDUvgGZyRr5tomRD4UKyc5NkqWpa4NBVDdx9CfTFLVgVY6GnnyjmJ+3VotBqEdWug6AHiN0SsEgk oAFWWqcxNyOUY5Bn7feLtvm7NPjYy53nmhY4PWuJF5n0jfBI5OiBe/XpV58uAhcjMkzcy5n14gPW bJyX9a0JJpbZqkRAM+/pfHOaqDFHHT0HlyD5Q4pF5ys3blWdJVfW0BngLhko6iDaWATEvcad7d8Q /f79YA6qjThOHjp9LE3YQSBFAkenq3z1aRSF/0Hg8jq/WMzAmEMMZCarxRJ+zBoAy3rIHfN4jDhG rj5J7aaSUNaTgzeuVs8vnIlPR4Nb7kxEGuJjOkFhHQhzJoSjFkSiGbXDK6ZYWDfEB92IIxSmtB/3 ocBJnk6FJy2mlf3qj6dfRdEnyclSolD74UQZnmDFNCN8bSGvzDG8YFKTlwK+syFOjiqx0ChrgFZk IbVpJ/09tewXfvtRy70q+VVAlDcurW7osiEN5knynSqouB1dWsqnV4WZcM45wlx+cE9Rrxhop0qd ebzgnCCAjVS5TmoEGPZAzyCnyq+TwDGH2DoHIstzBAx+1jPH8SdnbCAYTLkkPOitdQyoIeBMclYq VMbp3so3H1UL1I6qsKsAqjBLZr1aE/C40lOKZRBLA5dJrJGlkskMZ8k4wWzehpYOOFROgIKFLQIF 0nWCQf0S70BRXpxw+IvaAm8A1RTwtVBOy84b+YJVIMAiOA+vZb/fPYg2NFWKv1/h7HANHtwcQEuT YDYj8er5ap0jpWHAEedaDm8IJvX8jITvnVE3LyLaESdUOCdBCB/fIJf6B5ugQwUXANKiagv+WVZx LR6XU4FGFifr1rU9pAZvDR54SiwWgz4OEKnRCCcSEcvgsbLU4RCjDu2QFLWn1xdr+bzU7hP0+zgp 6VARWS9mPRi4g7rdiXm/9vt7n4xr6IUOnAFUF91hN+AnBpQ6GrI2t2s68srVo9i7VfLYA64OxEpJ OHvj7fzjV45gz03htAXAhWt5GNYtlu5PiO4c5KBXHx88cnabBU6t1+94625uAbcJBZw+E/xWu7cW QSS60nobi6OWlO7/3+Fg8cqNorXN0VKTwJmY0TRSRi6vZQRmvYQCwfMRDYJkF3k44uy0zrWVUqQ7 +tX94c5e+SbawKKE41Ytcsj1dYSyAKX4QJbfNGjt3CRws1DfJtWU0MkPqNLxMTtTB5Ckw67GI/40 qOll3Uoht6Ese/7BXhdfLe9uXr9xo4EqpbGckBFfRqUAi4sBCtfqEEXCDjxxaIkKSMSkHM4GLFos AZrGwjg1CRwOFZgREjhTH1C4J/Nhw7qRAOZJjyLMivAi4DgHk+pDHoBm6Ntl3F557Eojx6VJGLmA j3nDk5lRjWdrVJhR2yYtSaHcg2GZ6ArcfWdmJlX4OlClnGqa7lKrizQJXCiv0inIqZLpiU6o8HRi bAjPpXmjBrsjYJ8Qo4rGuk8DnbjlSR8YXlK/VVhJVtfSbNDFEAp/9P0ffePFP139CuVt9QerDFhh CBVr0jjHx5JRtZWBjQvl9lQmjBkNOZ183A3siGDEBM8I5Bl8Sd9Yy5oEDshm8eInLurzLwM+j4WH 8rzCKDrus+XVGglqPT6rE1dJz7BHUjYmqCSZPi8IwR9yP3vxGzkZ5VXNB2wAaBGdSe9QyDDWap/a yVLnreq00JRjKVb1kk2owdd6ttQhGYgjDlZYLWrIrKoO4Oh1lbsNJfWkECaJovjFhX8dqAdqrGu1 O3V2f9gNMb6vSnX5bOTKYw3zYmHldX05uUKtFYtMfI0e04lVGbM6tC6zs1zQLk5jTkDPLrs5uHTP nmpI43wwcJOaUD0louqGOkzDImhbhuBkjjJwckJl5YgL5XIycpjJBD/96Z9SUx4w+OCIq0EJYyNG 0w8WVAdwztTxmfeagDeoqfGZsmY8OPzifeUrcy9++MvfX63z61ZKBr9xEREg1tNrwP5g1+ccsp8f DByjVtygYvihxeO8aQPZmscYWqz8CbzSjLJkIA/sc6O8xdGj8I+jPR0Q/WdIpKrLGvD5Ail+xbB3 IFIg4Ze6mIpIVlp0CKkyGm99c5oYcXuaY5rM2tVSQ26S1tqN0xYEzhoyyo7EsZEWuC9/+Jd/+Ze/ DFsSsW8gdnEgqoUjvy9Bts7FxYEYl4CoCEj8UU0qAUGVqKDnI9GXTwMdRJsQk+6OojW2bhHahh01 1Zqyvvv94rYGvXGlOS6nWEBqxbTGzdYfTtYxVdK5WX0Z4lYEDoAsNC3iIRs+ycqsl7RRWUVwLREj gjFWVttv1SuNhbTI51GApH95w75hMzsXAywbvmjcVIxFl/WBRm2smpNgc7ni/6o43qC2pB6PgFcG r+xPZg9og0ks0dcGJ8HDAzfCAigvBHi5gmwIgd9DIUuE2BU6ZVzrHyrYjV6wOZrXpPHQZHDROZRK ZAwRvwkU3D5CPK8NqN3de7SA/ovR0k7h5To+bzcHbzx240GPD5FQzoGOjdDatNXUGuAQMZhljMVi m3DPJ5wFrA2vRZln5dd4UniGYOP7mSxmaNUEnGljQKGM8KJgNgctiQpRGc7u3hFHfLc4i7554WCZ n7/y+GODnT2haxK4P3kR0p8UW6RnAtQHbTAxXoLjgp8EKwIiBna0sG7nR/xDHhdgWW1znGR6RgbM cX9Ea7CzdSAg4kWjYw4hIehaU7BoaTlyobq5awnQm4MXwJUrDZwYHNwP6knRJHBokYoVYJMA1YuB XqQLFKzwp3swkLNaAUI+H4Z6ZzImwHBIWWw9kdMCoVRTCCqSGjvQSxw8XGEP8gLdOlXGQ0UN0NXH aw64C1duPX6ljiFZDxSNpWkSONpKigdPuxQhtwg7S7bdN/CP8m+Som1Y6yf/xtpfLbXjD4tsXr31 Zo3yBm89fmOw1lhDpek0LIfSyMQQXGDDQql78pIfKJWIWluQKsBVZDmVVl6O0WJXG3ysxln3Kzdq owbza32upD2ypgVRMRAXd61Sr1UvFKmJKPDCsMYcHUDFffD/UG+U7OgkmGlOhPSAGpICOI9VJ1rg hjZiOZDQ6LPkoDkFwD1w+OxwlXrum9W3AefffP1gAwY3orNbClmZxamP2pzkV8GlB+iGOqdnyRRM Z3omH8qxEC3DltlwZSf7ktBP7Z5iWc0eAiIjYmI1POKcOSlbNBNMqMghXQdw+ysgIFX8VpfSoZSI mrQczrs1k1/VUlCpbV/4BBNGTm4vVz8zhU76Vw6GDYA4LzeVM0asXg3LYTaTRpnkCV02FxpROMxR zJS16V1utdxqCynmxYkMTDHE1uRlMN6BwMjj1zyhox1xy4w0b8hrNBbNdmvrKjm8AbC4b0xz8InC BLKnkRBSAy9gdFEmgIANhWX2UfQYU9k2Y1YsPuJhUtSx4uU/IH++Wc3A/PXzV27dqG9BYtqEECxL wpOh0ZWQZhl+77SBNDyEdoWSLNYQpmeqPXMimdWB5WNGp4TFh8s6M8aHdzPEERkrLNPV6PK0wPHZ toJds8Rgkx5WkzYGY/JBRfPNEuuRMT8HnZUCFSaGaxO7FAxB5VZUp1XOgHQGzg0DGTvwuoBFAF+m c9DgxmHKyuDnWiyD8A1hQ0AqvVf04xJyQ0Dsn18UYzAGPEegBZyIdmWlE8CJPSzv3A5Z9UblmDEl FKZefNH1ox/t/k7+sTrqEs4Jv/HiJz7x4z+T73tHSVh+UIM0bKrOQohE8pA0g4nG4YdzisFIi3Uh uUod0YnkArlFGhU5MgNqaU6C34MtTyajWi2wM0KZuD1X42iTDjgJ1DQiQfh9i5GDFUbPc2/tP2wE 6MWHihtOqU0xDmKSLZ7CJsIBnkeLzpDAg8A4VgqfPTNhLog1OXVAESCYhdiEhMHLKyEyanaebdGx Y2zdiJIF3UsASAX0wKHhRXlm3ihnllVQp31MT0cctSSIElHskK9/gTudJ59+53dsu78qFD/4wQ+8 v4cEXvz5zz/g/Na3zD+oeFX1T/JyGsqYSdf8aESzjZz00AHHQSx2n54XX/PDDkPv2AjevXihGBJK ml+fiNrsPrU9livomL7EOPnrvYkIyG/YGVaTVudX6QVurcgvDYwCr5q9DnA4c2aMgKGAZ8AuxUYe pFyJnEjI0IARQSFhTU8acwhw80RsDka9pqfe4bfYiADgpGHzCdIl6kuz+6fdGbz8uPd/0kj0Z4/e guqRvj77Ay+r/QC7sEmj3zEgSOw5iOr0mh2Fkbh0xwQqS0ngjmBLk613X0s7VWqdrAy6lVcUXV1p FyfoRRS9SHrQSmNgZVYhGpthZFXOcasmS+ZRGWD1PhYjbJIzU2ytXpBTJCfEuANkBTwCwANGAF2x VvOBBNDiTj6Qy0MatRAbsSLRCS3O0Osnx0HE794AGLNerCjp7lGDCBxUhtiW2j1f0m0XpMDCeiDL tRu3Hrt6oR5VMyWrJSYVqe0bVkJg1IUwnbd0Ji5lDsGJcWRDqjXK7KsRD1zCchQb0D5iaFm6pk44 ONohZ/F2nFrU5D7u0Uvnzl28BEe+FEdBYDqSD4mtEUu/OjMPZWAfY63cc2s2xBktSz1kcGjkMZPW oAvIgMaEJ0V+OOIwBggrRmw6BX9DA1KkxzI/49j2SvzhgnQ5r5pY48dEeSDfb/1xUGtK7zGyvAZo 9xIZjmZsW7GVUFBXTzcHz4Pzj/6wgQJ3kwrJe3qyjjDGX9Y7rLFJX9Gq1h2D/9zDHK5QsJDIhLOI GoiRvI4AuVU0JHRpJNZRlfUAS59mQ0K9WSQIXMS6COw21I7wJsGiIi0yw990gVkE2SCMPBah5rE2 spjWzXPqR+DyNBdNBwIeuFiF10A5RoGZZwaZHJiagg1RT3FwHUdjj/mszkU5DxfbU8B9YL+jlWYI n2vIxsBVSp0UTnC5ymnuQqD8w1d+9P1/af3/fvzbH37xK6MZ14++AqmRcuHMIiPP4zQgvqEQZh0a tjVfBC4NDTdd1iHA31jlqVLmrNcCcnE+dN1OBIGUzchyRpJgq+aVRGRHp70UqVIedezjyOQ03xXy p/K6qOJt5Qea7mNUzNHYV2offLl8Q0Y9ZZufnJPL5RZ8q7Oskq3Qf84J/uyTn/jtn34Sug7Xb5NX kRIaCxGeSSdcRi/LxzFnLrSaKZ+nZzT65NDSTMaTC6jVJvlkGiT4WeY6QJdW53wWc3ZUbdU/sBzc 18iWAdfMTNKmPBiM6Nc4OQzcbUMoZZ0bLakWYQd77Mbgtbq0B9VrS0O1lV0CIlIJ3Cat7/RHO4QF Bkcn7OSKxE7qp6QRGBsZoH1iFKYt/1azDScROAf11r86MUT6p0eVsU3/6rdghlfO34CuVB0/q6mT VTLZoYEje2SXmcCWz5sakAJMinD9vmx4wcBa/uG1q+RpduNryMYqPGTq5oBDL0O6fxvWLSnEweLy 8fEUqCYuIXfBuzbfzycir9x4/NbVzp5mN4Nhc8C9NPzUnTu378MKI9NslFR56aBCmhNZ4wBo6CkB 9rgUwJmbqMcEuhmuW55HwDXozIaxSXKW7ERg3sM3oEngzsIZ8s5l8qOqUHhBjIMxNTYUYedxUBjh IHLEig8FHMC2dXgG21YCSuxpWNQL/Wy7dIzcXx0XOjRwebtPZBZBfYNZxsMIngjXh2JTmAkZGNFI /d16vk2io83BnWSJBGNjihjPpmx53O+EHc0BXUlDvw5jmsAw9roMqXsvkrSkBJOK4F8DIhBtyJmg DuBoTNBfOvvO4uJT5FQJVV6mWcUWGxoNBXEt0OflQq9AXRjHtyIb1q41BCLlFQ9ZysBh3HmFH/Mh 5HlZa8lqFU3b+ZahKcARWQURC9IHUiYtspjYQiNbugEv6aMKtmbAlDkfAPJ61ZRFHg8GbtIWfmDg vDF89uzZ4eJUCVVevGkpsiXdVMGjudCCSO+XBIQRpgBsTByktmmtlBosTZtX4EKr1ZrSL3CVgYXp fmcKPrWSZMBtDuYxY9S4kZKxllwePRmEbRXL25cVMqF3Vmi2kmNugAEGnEHEEWqo4xwMXBgbenC5 /8ZLL730DrkTiEANadqIDsUQAQhHgdhJWLLwGNDLEIIwHIZdTCq+dVkkEkX13O0Qm62NsVTwqZWU SAOCpbArnHEYhG1Ut5VfBsw+MJpRGeN6a1JO8JcNAVI+ELi4WeNY1jQUH+pg4Bi0B9b7ESH3/XtE Gi5EzPCUvovJjalJVejW9Ha/PjlmG2s+HlqNRi5rgM9qn7F4cjr1iFfkt4OUI+1MyV1heSRo1oyq LXY4acWXRz1a0VirgaPzHagDkJD+kNqiOuo4TJIhlQgqt/kLY/Pz20LjNKnHbz3p1gDcGTlcdnuk r0+XzBBAJ8cSESyk0hEilUii1cMPW1yYAyopMDW0G65jxDUJXOul0PoSQxouN+6c540pN46olzW0 kqwUwOGBkzzYUY5ICA0DK5znTk8vRyaUMDJLndQ1TTs0cCn/BG//cmijoYVtnSJrQzLDto+5yd30 G3J1FP76yxeuXnmsPuuuOoo7bJImgXvrrd/6/FufgpVLA32coGY9AqIEtPKCtl6AEzLx4sASIoBd l2t6Jjhsu+rJz9/uX0oU5secte9tev3aNXD+SpGunm8kPE09PDSdpkngOO+++7XP/RasVVyQQzNq jYaYVqnlal4ekWhw5pguyWM6xQYcP6pPRz3yWILnAWMZFlbDPuLlC4NXb9x6/Co4P3jt5SZmyYha Rns1MJoonsyhUzKZJA3X45zyFFXcd62nQZ9UxwF9NU+TmwTut77zwQ9+5/NkNWqf0ie6xxTMZ+bU 7JxdkTEDwjDFTKT9AoN0kdW9Si8196//d8SwEDTS2UfAeXHw9ZfhOcFjN65caH6UqZGVwAA6tIgS KEHYCXiqugg3xX1QESbpg0uDSCA0ydBKpFL7LDRHhW/DpNItxQDCkCIM5mquMpsEDv3UBz/41vdg LYk44ORmIwEks8xMzwfDk2oPAAGZLxweMbEJjrnrgFtUl3acmYWPfvqTYIiX3D8kXr82eOWxW4/f uvL669debtiuizrU1YgDcetdI3LHuloznnPFsJmMMMRnDDBWrfp1EJmVmsLq3Ewwx04lTatmlYJc wZPA5aw+lbwJ4AgyD1H6QNHanHz+a9/53Nfegm+1BTsnxwTO+QjPR0D3Uqsob0+PTeXtqEar5HDy XfeR45QmgdzCP/n0xz/zDUGlkoBcftwEN25duTp44WYTE+OD8zMETjPuBV7FlDS37GaApJfN93lR cVgvUDDcm1uIKyPFEC2xxVqUW/Q8tYDsVHNWsIqNTuXDNWVHO+IsLKOGiMc2glWdPj71ecnn/5hc nIBUfkOhBQ4GWJJD1ZxRvxgyexR2k21cGPEQhKvrTuQI88pQhBPmsj/x8Y9//NN/IyUIjkQcgQvG Gzdu/MIvXHwz8sObi/B6IAkMWn5YkoBQQLWk9654+SOjck885zBnmQzhKoZh3tAcz6JLQ0UvGDUy MrJNiUvDDwisWhUKlfZqry4rcRVqyo4WOIUKsNU8NYcNjdnBQSovonI2JP8uxswh4zF2JaH4GM9m 4BpiE//D//13/tr3Nx/60If+Bvk/A3/9ob/24TGbk/UP/9E/+ockxWKsQ9LmDOjTZwVA5BERer7O YteN+CwJjYgYmeSYdHoBCgi49AaJCEMoDhGiRDATd8iX4C+OcQtwc0DtGFu0wAXNOZ/ajwIF6TvA mNr1Gu5KJBpkivDi95L/498liMVPfubTtx5//NaNR9+UcAjYRjj2WktkB4Zrxt0ZbyAZLNpV1qK6 jwTp3axmw7xkYRE4vbAOPhtBkMPcu3QQr519T3h+bvgPv/Yx5s9/bvviFz/xgdmfK2ys2GY7iMkH uo0Br8VNXqMBpPC2WB2oveBoRBJl4EQSi2t3yotAS1umeUICQ2DAosK59fX1GovDtaL7Y5Ei+3Ye 1COD/W7PjbDZwrS/yP61j0VFn/3FX/zbf2xf0+l0rTzJoZaVhq4RAsvaqCiTGsJcNstqUkWGpWgN lYCTLwgXuLGdhdRiTJ9jqzRMl58c2VW+cd8re7WH/T72zhk5S6SiMCadpazNxGTgoSOlr7/6pSef +wcfw1H0C889/eQTX283M4TIGLinmRnVL5uB2axPTrZ6xPlxT3+qf/c8qM/MMgGOJl8EhN4EHf3k p4vISREUzHhhLGgpSkTSdl/Grk0MQcdLeGLCgbdcAalJBDjiRByFf2k74u5WAwz0iSeee+Lr/9dn eeknf+U5u/TVJ/7Tur2NJAaycCTD16zm1FrNUN5j3dLW3lQ30o+KIw41pHC2tJ9eNUwP3Dc+8/FP kw4sEbYminL0yxKo8krlM/5lU1YzrdPY9HoU8WVYIl4KySTms3g4zbMGmnO+aaQ5NdN+6YkvPPnc E19Cn/gH//pf/+BjGv3f/ZhmWdM+8iSBJJeRSQfEmRChzfASgowdarJaRKWp0rbAXeIZ6AulBe7P PkPugkjViSrv97tXZuWGjNAUSIxDMxOzLaLU2ZWiWWkEGVKLzR4VGwx5ZzZA/IiBe/I59EtPP/eF Jz87+0coeBVOlX/UIiFWL2ZxZ0mZHGdUfjbKawYO9L0uhjlo3Ba8BFyfniFx0qpDq0yV3/n0xz/+ mUdJlyotIDJ4BEEyHqY4oDXHAX8W6AwMhlfkJey4Ks/fDKpwYIexN6DrZ9sFVbuCV5+AwMEJEi6+ AETuS21nx80SGGH0R1gPXFGWAtWU7IQtxXWbRIEJQzoOQYg18BX8xVG/oqk0VU74qreBfqr84ac/ 8yiZR8Rz210K4DVICj4wocoLcgZVYp0dj27Y8xw7okfEZpuDB9Jmta9vpkYtLZAhcaBv1sivPffk 1+FFkx2zPgvlI0y1zBiaUom1UHWi8arUGoduWZ+WmzRCuMPDpYnslG5Jo53wyKLBYF+g9gFTpZBK I07YH1TLquzUq/jHvfnNUjEmBQ59uRIyIDCBjNSiGdUvjayLbHktql6UCOxGRShryYGIGmCskfrZ agbH0I59a7XMG9xk+wcZpXK1T6DQb3DGzY51gTFkFc94fAzEk9ZZNXO4PLERR5KjQxjTYd/CpSlt 0K921R+QtATcLPTp4y7Qj9MDHRtboo5tBql9ebADgNNsk64BHaVcHsViTonZm4tnPCqXne9Bcnz9 WmLVEwohoXs6JpRdcvaeCmNxXMEMHioFoqqLSsCpcplMpsolDwcCV1c9HUgUwhnVSTjH4hpGGf9T mBGukaqlryZDQKfPCNP3VtVrk0KVLJ3AEIEsOaUTuvpCjmQKrktG4eweT6yuiuSESo2F3fTHrrSy KwE3xOL5eEr6Xf2xAS63oXLT0MDv/u7Wd7X3fNzf1/761kApQZwuYat/2yK3V5XT0dYqvD56Z/34 4DxF/lL/7FUCLtDfPzampP+4HxvgMGH1Yf1bf/Eff+9rnyse2ZNEF2SwHXMCPNJEJTC+o4QEhFgz FaONk1cAH347VwRu0TCqz3PY9BPsQcc67WhwU2VuyeizvXP5n//bvzTM/uQnxSP7IsmrbH2aqrdG JrcZ2F0pHkiSSv8VRCCIQOeuCNCZMEAc8trm0ogrzDvHNAs0bjnwHUMdqX8At7rlrSjvvet3A//1 gz/51Z+UjGSKwHVoQ7DFgvcO5Jja4r0DsryYE0cyc1mTW5bJqayjgsO0rrw4CYQC/TH68TuTZ3Sd 4UjdLb5z5vbty9eD//EnkJR/byTLL9IMbi790VaCZ6jwwgipVeAwLpPuVI6C0IFpEs65jWSooCfC MHTlIWjnWGcVBoihL4ZhaVwfcwiGWpv1/vD1559/5Df/5Nd/8le/7v3O1+ABFUl9/FD5r3b+Xx90 sEaiglQmMWAQw0gZOTMZ9GhtZmorg2X5ueBK+cbL5lpcAm5ugctiBehnxGOzOKERwP3rww8//PAj j/zlXwmz3/4yaQdaolRdHkjNSZSSS8VIRnR2oJbAKwyGYLy1NREIyftc8bROHcrJDlT11OCgfDqQ 18dUC/styUvZji9wdy5fvz58HeL2PETv7Z9VHH4kOn4zzG5sGihRu60F354ycBt8puWkAfdHb3/k Ix/5+4+8MDx8/+zZM3daMH5aVETZ7vFwpZV1lVDhxSVtxWjoOI6422fv3//sr/4SJOUjjwyffe/u 3cNJqQtzl4AjkrO8akbHxxG4y3dfeuKJD5AXNxngLDl8//LlN7pQ9odiqQQcMmGtupc/fsC9cf/6 9c++ir4Icfvwn0Pgnn/4+vDx3orSQFwCLjnPHUMc9Mv+Ywfce+RK8le+UALuq9efukP+71C9uxsz 79hVuuHJzjztscexAu723TNnzg5fH7589m+f/MmHP/zbv/SXZMCxk0gl4LRLhv4x3Mel8/s/RsC9 cxtut5+/Tv7z/PVf+djY/7omqt8W4JihWwLOx2WqxUBSDkuKypJyQVqMJTPkfuMYAXfm+vDZYbgW uQ7D57z97Dz9vvSYAVSN3RJwccpQWwx7NGOYPKDXk/31uAD30m/8BjnSIHDDzz8M9Vz/rXhPyYml Ko6N0Q2OJlM6LWB06AjksCJ+8omn//bs9eHhh6F+8vojz/7XDh0AHJbtZvPTA8fBoyDAQ3DyTDyc hBbxLTN5b5bPA/NBg3L06c9CnTJc+5+9/sLYyR5vO0HYUItcLsf2dJ4CaEgH4+DzyDNlfoHJJC/n 6HJ6+lXSIeA3rl+/fv9OWjl9or9vJBSlEUdGbuf2767AFn0hGFkNrllI4I7JN+7rTz/5hc+euT88 fHvRPj924nErAYfOIyKdaO/Sq6gShujdDDAD5Ax5TIADd/72OTjchs8A8fTCMfksH2YSK404MyKF zpi75XBI9ypUHSr+clyAA1/60hvvQJWk1mA4BbiVp8o8daqk9IRjA1yJ64GFMdJO4MRTacTdYzDC YeExN88rYmXqr2KsdtKQJIHTunWWra2p+AlQMusWqpj1njTcilMlzsa3Ie2tKo/dVPnGU5Beghd8 jRW9n08DkcClo+kEJNGxPQF/gzQuGR4G2oWx7tcUtKhXVVF5VZTe/YuTOxC2s9fP3BeNzZ+W8VZP +PquB+7M8PMQuPtnPrIwcWrG2w5wWK66wVjXAwc1y2cvX7/8kRcCp2IfUJ4My9463LGRajaiXQ/c fTjaLg8PP/tIi74ex6OYEnASeWx+gUcf9qbrj3Xunx2+O/zwIw+TF4+cHtpZnGA8qDwx0E2YYete zKeulAs0vrv71Ue+evLsgWpKuwScsZ87rUmEuHSOVpM2YQssptsIObRUGH7hkRNrXFJFcmXgbDm4 IOPQhtmAt0B3N6F3/v72f3mqu3lsPXcl4CLLK/bZKpcmdPni5I3Ld9/+zRdOHW7l0wEbNySdZjcQ Eqr1PajZEt+5/vZv/vmZk+cbcJA8ygepGwBEt6u4Enf13Tq3zz78wgvQq+Ogdp6492W7yjFGhjVN v3/t7qny7iMv/ODM8O3TClyavc3tr+JL3t3A/c/PfhWA+6d1qoQLSjdWLZRi1wK34oLhE5796vX7 0GH4THdOhZGcbIo8npbAr5A92lILptJUKRhbWDh253GjHqDn/rfbb7x052y3LirdSHR0VYJK3DE3 R5bSwui5LetgpcWJckwf1POPmelCxizn+v/Lwx/5yPMP/9vvDpSDPbU6rtMhyoMhoQbyQMJIRTJB HqbHrJO2ZU3L7JhKI44HIzlUo66dKh3bXNYcQw9j8450LLBaI1HaYBC2AQWIWOeIpMcIzCNCvSIR OlRQmkqISsAx+p0VIw7FrMKkDnVli64gXQtckBtr2cTTpoLcPLX+Hpbc1PhkmgxDo9AKcq2qqQTc bH+lzcmiPq+Yzi0Fgmxyg9B9wGmLesnMdjFCb1eTOCV0A/FkSJebtEtFibg4Xfednge1qwQcSt4A FK34xsWDUqUE4OSFEd2nqwySIc0yXPIaktNLJeBMbKVSadg7+Bcj0gQbXtFC3vAw6RQKra1bDbVA 1CMZd4LP9ZvcA11NcHHCmVIXw+KQpuFie9mBSGyBI4RTfkCLVuNNUAk4tmFeWeDtWXlZcSBSosCm IYHT5ARYVzkt6XHnNJdtVuS7nMJAVRCy1ChAE2YpkKXURISc5Odm+TAI+Sb8Cz4aZRsweqa98aAQ pe2AIZVlofBa+DIRBTWQsLc4E+RdSIyu8xCcTAePyTy5pQBSfk4iY/CcGZlQrs+boYwZthwEbhb+ ZzNqlUEvpr5nyzYc1qs04vB+c39gLyRUNADL0RYmRqpe/NfE2G5dFoaB+89bV1o7S4L7OM6cVZKE V+vYskJ9fgCuKsWa/JwUiJgAWO3p1IZlzAwwY6Dhc+AScFKzY3Z7eXe8okX8I6UVUPetKs0vfBVG 5+pWbUllR7AgYmzUpfN4Z6Ub1vByXosJQMKamF4HIp9dytDGM4ocnhfoHaz6w5+XyyeBQyNBmSRi qZK564Bb/g9nb8NoJl2qnqQM4L4slhLrhAzLkku1NuDI2UVwwZLJjOqAWD8nF6WS8Nod01pOlks1 bFlIAidagIZC29vc43Gss8H9HRKz28cBuDZOw0XfAWRaiQRwuvuwu2+qVHD/6lHy9O1MDzgoBRGm i6xU6R7dNVXauLJvXnoUoGgPOBIvrD/Zt+Dtfm8dwsbFOBfRS//L5ctnT2qQrjqn1/I+LrAIQtt0 kby6aVWJvmnm8sHFC+grl6TvvFNnA09qsjJweISY2m7kxsajkMe7P/3ovwJvPnTx4sWHBo+i/q6q s7SPy2z3T3Nnu9yV+POX3rwEwOuvkPR6VwnxKJgp+w6ovLPhKtcLdMvihPPjC+i580cho66ss2zJ HOQxsGpXbXbHyYDkAw+9++65h/64K6V4BEyVgMsvjLG8Y/S+HZPmVBc4fXB4X3z0HKRrRyCjrqyy bMksTG5Kq1yKFE7CcGxHTSib6zhqHrqr/tKIm1DGAp7+KteQtcwwqfmWozi3ZVY2zXPRVTlLwKn8 8OY/aF9KR12wODn/gX/fw20fNuVVpV2Tn6rSoY4euJuXfvqzrurt3cBMCbj42PbCQqpLRxznxQuD vQ33fnDKlswGh9bYpSov8d+cQ9FLvW0A7VTph1ZB0ukqi5Oj9Y+T+n8J6rjggUCPKBIoTZWe6eUw z0DvPXC037iof/qb5yFd6OFGlUAJONYCPAGfpvfXOVLgdPNj9KrvU49j6RunjXAiRC5Na2p0lMDp nnmmZTbbJwzqsrcOTwr0CxW4VSi5jhC46D+5dGn3CugTJvjDNqcEHKY0TPSP72q2ojbjMseyafYe 7RUtUeUzNz9/8bAtPKH5S8BJ9Fwue891wBgGGyJ+hlO8uf3IRlx0/qMXUfTcuRMq+UM2qwRcgGsb 6R/biXOyaJZbVShLP1PUUh4VcOn5/ocukfQKyYVr5ZANPZrsEXtpGoNnnehi1Usxm+GttDjhQ4js +M4+jmBnTQXHqMziJzXyR3RFS3xMGYXGXCj6vaIN07i8mdYddR7RJrZB9v7oCPSIEphayU5ZV+mY tTp2998EE3pYLcNaWHr4z9FcihTvn6foA5Y98UO4Yx9JVuhmNZWHdyq6OXF5YcOkFsoyTk3LRl3Z lXihP6bg7S5ONMYVXibgCvm3yKnyKI51YDhzqs3ZMt6I+3VXpIU+4G7o9CEMR1zLs0M2q1CzmRTe a9WoKx+kaoSx6MLuVleswENAO8ssnl0exTdOtABv96GQEWtViztZztQsZ2A1tZ41KggzH/qAi3It O54qjTglomEKFuj3ukcA3Fb/xH69qf5YArfGyoal2nFPzrzs0IYy1qi7ZYrfEnCybej2sUHfFzsP 3L/pn38gnDnn6M0nmhmqKKnJ2PmvmQKq5tkxzxtZllcRTaeBe+Vn0/u+by1t8EkprAxcjeZ0GDj0 0hf/acuWXicFJZp2dB1wg4OX3j3B8m5Z03amStuopYr1ZGdH3M8uoS/31JN1wFsCTr7AjeF4FyxO TM8MvnntYk89eTByZZsTpoc1sEAfzKSTI06w8CJprtwzDaoXOMMyY1a1Fy6Dkq2DwJm4/7QLrN0P Flo3pCi7WUH3/e18FY/UapfutJx94Tart56sV6okcBICqJedVQyZAUNdPJZrP81xfZ2pqP1N6UAN JHCxicL41tTACr2D3Eye0ZH5K7lg7o23+hEngWOQl0nDuZI+LBHDUsXjsf5K6klp4f6zepL10pQl UPzGTbEVAgzLHWVMZsvCFy99r4dK/RIggcPkDKdef6TBtHPciUvnehvv+nEr3q3DLDAXFhb6x6pM lS07iajOlqA/9s1B9GLPw7t+5EjgCA4hkUiGHEc2VY5ycelD125eeKhoF9SjeiSwp2TG+unv9G3/ BhyD+4DzRYOuN+thuZeGlMAecMntIwIuzCUjCPeoMQnsAZdbOBrgXNuKxljupd4ZcVv6YDA4ghwN cDPcD/UOA5roi+SIM5Y24NNHsaoMc//ZpUu94CWNI0cCJ02IirSnKUw74LSpI+Pjt9k8L8z9q3OD L1/s6SgbRo7WdEHGm5tYH/Vli7G527eqvAmyXP13Ln2v59jRMGyVq8qKzBsOqVrrHwK+JAlcu451 rl368cIyOAc9vC9efLkJ1k93FroRR8ziPk2cjQKnBwonnFtfX2/D+QB68dqlv7cj/N5c2Wg3pAVu wrKIKHiLwEwCx2cjCEJe+dFievdR9FpPO9m0UOmAQxVSkNcU1oGP9G1iTJHOTk1XUDXjJWhb8lDP Eq9ZwdIuTlxsJ086ys4HyC15m75xv/fRbwwODn6qWb5PfT56g1jH3DoAaldxY9eeVSWL+7+detkf SgBHZMls5mYOxXYv85EARzh7uB226x0JcIoebofFreJYp1pRrf/GeRd+dGi+T30BRzDiwtxvnHqx H14AnQcuzH2mZ891DIFzcn988d2exuTQyHV6xLG4qUdvohd7GpPDItdZ4CS87T9996F3B8/99OZh GT/t+esArkUBal55GUgCCyZwnvSA693YcdiOdzBw4cmploSquHhJwuRaDstvL39ZAgcDN6nJtcKL ZvDRc8/093BrWcc7GDiGthWVXbsEY9D/WStK6pVRlEAdwLXEd+DixXfffbRnFNS6Xtcp4L75DLxG bLAN57GtE8XxKqlDwHF4/dXu7jle8uoabjsDHMe/MNA1TT4ZjHQEOHthundtX4v7SyeAW1f2967r aDFunVhViufHdK1mu1de+0ec2DBGDa/cE3orJNB24OyGsZbs4FvR2JNUBi1wOo0mSJD/HN7pw67s zZNt6S+0wC3NrlqJGfgP6TJwKJsTuC7pfd86B5xmMhsBxsnJoqvHYSyZ7b11SVtQq6artHmX2CLE E/SToyWMDQ0N0TurHsSUdKy3LjlIRs2+p3X6sAOA68l/lmCxkzY+n9/U+kJrMDSVr9m2nKp8dMBx 8glpIevT2dnkvRSMRJMCGeifh+D3qD0SoF2cmBAkiaoRPHmY++NCz/z0h+3huVdqtW8cKF51tliy WGhyVRnafujCpZ6I2yaBdm3A4wvPXEDP9aKqHTfgtP0fhVZ4gw/1rPDahVx7RpxobP6bPSu8dmFW LLctwIUWJujjgrW1Kaer8HYAJ9pm9/YB7e5GbQBONVbYf21fu1txCstvPXBb/fNtCGdzCqGp3eSW A+da4PW+bx3oZq0GTsbFW2Gw3oGWH/Mq6gCuEV1lqnddR4c6xMHATdqEdX+zRrnMDvF96qs5GLiw VVWvm5V6YfbUC7RTAjgYOEYNx0b07mVIT5WZlffGW6dgO6zm5KXhu3fv3r9cYneLW2juoLxzrT1B NdUx4mq4Wd25D0VxpwRcrh/p4da5ntEkcG/chvQeKAL3VBE42YKvc1z3ampWyfze8JkzZ86+9NIu cGGuref81sn+1OSIu02Osst33rl+9uzZYfh3iLtZ79Kzk607wXUdDjhwGw6823fAEtfcw62zveSQ wJWY/QtuvrNc92o75DeuJEAGd4MiyTfuQzp7uyfddkqg1ograYtprbxKq8rScoTBJe1mK+jO2Tt3 7pwh1y09apsE6O0qN81eTiI/zqjDrhLV7MettEl4r7wtbxvnp7xgWuD0GU6E4GERP+m5fYBd5fKD 1/b1gOtAp6IFzqnna4eUKFAESeBq2v9bi7idh1cIDA7u3HB6Z/ipp56625sq2wofLXCZkHtCzyOA 0wvrnkGcTnO1IFxOLp9k77X3z58ffP/1MqeLRdXze23l+9QXTuutAz9tCha8FIlFrjrCQZksNEQv KEZ5nrz2PgDnehcvdrI30QFH5FfVfrfNGGKTh9/Vp0piozTeIJ07/73XdgZcJ9k/vXXRTpXa2VkH iChmixNk9cVJfm9dcvO11wZPrxCPouVNak5IVs3c8B7H7/8/vbv7Oopfo8C9AffWd94gWbRxsQpO b17oKNu9yhoF7v79y5fvDy8CSYyCW0+QnZZAw8C9BMAbEDgm19VpVnv1VUqgYeDuAPDOWcK23cPt aDtSw8C9A/kdDvTmyaOFrXErr7PwG3f5ES55z3SPjlICjY649+7effuF3yTDaPToSCXQKHCQ2c3e 9+1IIStVXgdwcQqbHB5X2AV8n3oW6gBOHYFKZ/Q98sz7HSD2L/TCK3dDrzkYuJk8A3rrPDUMFyVn b/cZ+ltyf0Q3NP1483AwcAzLImziU3fhP++9rexvxFvueIumu7mvA7jiECvamb/3bA+3boGzbuDg iIsgz/5ut/B96vmoGzj4jfvzF94+9fLqGgHUC9wbZ95+9tm3oYa5R90hgTqA27kV5y9adOdmdzT8 uHNRB3D/7ri38UTyXwdwqj9+C3we/dz3TmT7j22j6gAuznn3U9/53FvHtoknk/E6gHOjb/36B7/2 FrkNp6dIrVhCizWDpEiqlwpjC9fMKq7lkUfUDG9E6vCqEqdWrai4VlZJ3QFhDt+ZqgAnw0BCo4fX RpAXRix+6oO/+rm3qnPsVdfgY6jCFOzBZOEqlrbFlLWzsmpdITKVq8ESMV4r2lgoVSOrRFErQEGy g+p3euBEY0GgDyaKkWkY8e997Wf/R62p0hyq0dRotlbvyta66Kp21tlad9KZKi3Q9jNA2GoBJ7DW Am6zVtZUzU56+FFWWQItcBGmXgjMRuMamZKR4LwFrJLKxYmOujHYoIw4gtrt+iYpDGNUHfVkX+Vb MXXo7suqpspskzLi9mUdoI64FLV/OClTWpp6C+i+EZekzMgEi5JVa6I0rpMjbvKhBzsCGsTcYaBZ YrBJgJaDlt/F8iKdaI+E+ooHkQgPVz4OTKgqH++ZK3Pq8OXKlzrzvcpHmaIyrWhfVoWMUisvVyPr 6gg1baryUYsMVD4mPZS0WSMlrW+r8lHFc1c+BjcoWTXjFP4p71r94KQBTlLwBtgm2L839RC4TABB EHx2dpa5Szi+9zf8i/o4i1ekZDJna6Vl1ky7PyulXCbSSDUUJvZx2FhrKLXWzEqRUcsfYjTAAXF6 1bjuvycy9K6Abu2HqZWl0QEHF3QqMBXL11qatZKHXllNSIAeuCYK6mXprAR6wHVW3i2rrQZwBEYA savoHyeFq+IEw0XRR3DgWrj0Os6AKRMMeeVrLTQOS1uF6+Uk6rCskmV78a11CCxiYViAhZGrUKEs kvWmoEMlqmYkIyDNsFaGw1fDbYCslP5eGoiFjMptgQhu7rSMUTHgyGH+RUG40gd6He43h6zWNOBk GHDjoQ5X7j8TVusa+UIHUFkY2kOJGK7KvbaIfF2sjINN5gj4WrDLsXiUAUUhC5ObmcWMneS9A/H7 qwOnZo8RaGDJwYZc5afRPp9ab64QvtrPA8XXcRNiGk9Kfeq8Yve1JDitAXb2PStbQiZRrSIr+N4X k+ArN0Dan8vhqFDh8A3kJtRM525eB2+MA/LZFbZbyLPknXZ2zsrcVdukFQs5oEEceZg+tG0C+aC6 eK9kkaTLYyng8K/MKBZxjZqd9rIcvj3jwqSyACQIFmLbPWbTBBZHHLNk4IESRdkyl1KcN6v9fVae iZ3RKR3eitZq/eRrBaxsaDlv4i3p/EUOiiQp8B1+gQNfQeD+W8hNAF4QY7c/Enx14BwKA0EoE2BW CAQ+P1g2A4mhQkPlyCOg+NrFmovY++DryN5rCUOpAQklsBukMAlzzicAjr2wUQQDWQYYDwBWrjAE +EwkBdPuDleyXgkOHfDGl9XAjqdgOEV8t970yHwIsFfIsnU4y8FBAED4O9K383ku4LXB9FqfWKJL w6pHycARJcoEAkDLAsAnx0OAxR8RAJN/d3edg+nYFkMa4OF8HGDmIAtwKuJvaozwtQMGLsazG1Ig V8DXuxwn2JBXs9EBBBMgHZtI6GC8CvZeL63o6y39s8ZUqYPCHFeyDBwRc4oNWQaEv1JTIILCJV9H 2PgyS8fMgsXK13kjWETwCRbwwiRSpQro/BUzac4D4sr0kNKslIAcG+aTju31UVgvga9IJ3AC6HyT UEZgs0IOPAzMGqWTYxyPasa0RgIMkdohvhAIC1KLQcDWOL32MSmQ7c0CQO4DfYGh9LwrNGae1+Ju sGbYnQ0JwNEU4rDBZlZeDOwx2FoU37tohkO+3oKRwm02Arj98nxwj2N4z55MiRV0QKUUs6bwtVXI E77bmVoKVmVhNYBTKQmJMjfE4/OCsvkEPgIHWOUnw42D4uusPwxCChK4ytcxEhqdQynywyR6qIPR sSuAk3sAcPFwJQOKTjDBdlCAU0E0VwqI3wMw/zLQxCBwFV+jAgakeCDg1wcSsZk4HASKiilNPwcI pw/hCQxSFPEqIXAVqM7Bsesq4Ia5AH8d18fcQLcHHEgEAtKoAQKXh8D1sWaDFOCKr3UQEYUThJWr gKmv4Fji8asBGwLHnoyp/FgYzgL4TNsA2ym4FnAGYn0MBUHfqtUzLZjJA7Gh8qMLgUuTr3FcDrQK Rh6kK19vGkFqAs4vKUMxySjAxivakvQA3RIgYvaAFs7BrBFgUu7pBFUGDjrKAQjmQuAwFMCZCKmo dwIDML53EgnNWHl5Hbyegre6VzDUsarlYCivg1XblgsWMFOh9xX6QMQFCHYOfkNdinAKjvXdb2eU Bz+GHIMITqS2HJgcFyJAjOz1NO0EfC2BP/DkS07IaRYBlh2OJQEGZGADAylkKhw2GEWw3ylXjhQ4 JWeRh2j8UAlrVwKJzxugTAAQOIJ8rbWw9QUZ4RtnVx4EQOD6/OMKXsRHJtlia/yVmmk44qRsI24E oYJmIp1QGv0VqmkIHFDgxoAE57GY/EjAiVcuiiBwYf+yfwtKRu8AxoC38gomCJx7Xs9OgQC+4Y+k Jpb9FeplCBwnsMHyEraCHk4Vfg177wxBrlRsssRBnrcgCRk0BovUv1wgFX5lshnI15qAlyct4Cym a93vmdg5RXD352OzMhEsjlxW+kRgFrHBWb7dVGPERdwo7KJh0nZZAv+MzsgpZ3IR+KL0eosPp7Lo JOWDLIJHC3aGUFpOMjVDUaTb4Vtp2AVV7SE+LCBRXErvUGQA1psKi4FKkMlYQCS8WqmSV8Evjzpc jFMVlQJOMlw5C0ThaUNiUgYZToUhZLLJSsPrPpipL5wiAFrcJrhnKrwg+nKZDAa/t5OwNMsMuVmZ hJuSXUoUXxNkZRYsk1HB17CSEklD8BcRMM0UFYTaCCCSpNF+u6m3AW+3hNtUfg+4Ngm23cX2gGu3 hNtUfg+4Ngm23cX2gGu3hNtU/kkFDsUyAOhqR0ltk0g7U+xJBQ44uRkQWEh3RopHUMuJBW5owR/d NgIx3G2jIMnzWUDYml85Agm3qcoTCxyY5CrnJYTfYOs3q/vNSL+OzTWcoMADJxc4jpLLACKuWV1Y SDBCNu5UwdB+RVSbhhdNsScXOGCFh5purp8XQARjbN72wAQ8ATw5dIKBY0Dg7Ny81Kxgj0Ws3C0/ PDI4OXSCgcsYoFHDzPy8ISOY9+EGU+xEXd10goE7OaOLriU94I4pvv8dRFGXQFvwKxUAAAAASUVO RK5CYIJ= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0044_image014.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlh3gClAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAIAAADb AKQAhwAAAAAAAAAAMwAAZgAAmQAAzAAA/wAzAAAzMwAzZgAzmQAzzAAz/wBmAABmMwBmZgBmmQBm zABm/wCZAACZMwCZZgCZmQCZzACZ/wDMAADMMwDMZgDMmQDMzADM/wD/AAD/MwD/ZgD/mQD/zAD/ /zMAADMAMzMAZjMAmTMAzDMA/zMzADMzMzMzZjMzmTMzzDMz/zNmADNmMzNmZjNmmTNmzDNm/zOZ ADOZMzOZZjOZmTOZzDOZ/zPMADPMMzPMZjPMmTPMzDPM/zP/ADP/MzP/ZjP/mTP/zDP//2YAAGYA M2YAZmYAmWYAzGYA/2YzAGYzM2YzZmYzmWYzzGYz/2ZmAGZmM2ZmZmZmmWZmzGZm/2aZAGaZM2aZ ZmaZmWaZzGaZ/2bMAGbMM2bMZmbMmWbMzGbM/2b/AGb/M2b/Zmb/mWb/zGb//5kAAJkAM5kAZpkA mZkAzJkA/5kzAJkzM5kzZpkzmZkzzJkz/5lmAJlmM5lmZplmmZlmzJlm/5mZAJmZM5mZZpmZmZmZ zJmZ/5nMAJnMM5nMZpnMmZnMzJnM/5n/AJn/M5n/Zpn/mZn/zJn//8wAAMwAM8wAZswAmcwAzMwA /8wzAMwzM8wzZswzmcwzzMwz/8xmAMxmM8xmZsxmmcxmzMxm/8yZAMyZM8yZZsyZmcyZzMyZ/8zM AMzMM8zMZszMmczMzMzM/8z/AMz/M8z/Zsz/mcz/zMz///8AAP8AM/8AZv8Amf8AzP8A//8zAP8z M/8zZv8zmf8zzP8z//9mAP9mM/9mZv9mmf9mzP9m//+ZAP+ZM/+ZZv+Zmf+ZzP+Z///MAP/MM//M Zv/Mmf/MzP/M////AP//M///Zv//mf//zP///wECAwECAwECAwECAwECAwECAwECAwECAwECAwEC AwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwEC AwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwj/AAEIHEiwoMGDCBMqXMiwocOHECNKnEgx YqtWgjBiq8ixo8ePIEOKlCioZEmBF1OqzKjyIsuWMGPKjPly5UybN2/WTLkzp0+aQH8KHXozIcZW AAQNxKa0IFKDTxVeNNiU4EmnB6MO1GoUatWtX1FSDCuQLEaoXEdGvNI1Y1mBGxmmRTg3a8O6VPES 1LuUr9i7d02pHWyXsOHDiBli85u4sePHkO8yjpyUsuXLhBdjVkg2odvNoEMDmKxZdFa90U4N7LzX 9OOMsM+Ojt30KGyUSm/Pto2U6eTLcQ0uAxBtY0mZpo5OdY246dXnzqOXlZ7UualoyS/6fg1SdVne sXeH/2du+PdphalXwzXfkfVB9wKH78YYG+lx2+Tzj064zLv+riAF9x9zAhJ0CnYDJqjgYMsVJB95 7slW4EJTLWfhgq7NJY1g+bFGn0lJ4UXLiCjxxJJJ9GFY0WcVpWXKg1KxNNpZV6XU2EVXuLQbQolg o8iMtPGWHFsqTqTckS8lydORNiWypEsqhbiSUsptdyOV8EFVIlLLyVhkZA0KlN5DTyW5WEwhuVfa l2yeJ5ApE/6XpVVttikgjHUCiJBuIQbJYp6HCcjeXms+FCdlVGoGZZ9HAepRmFs91cop/pHEJUw7 ljjjoHR+9Jlb4GnEqaNWyUYjjafUpipurM7GKku+tf9ypltMbdToig/96RCkpDqkJJf3TZWkKYI5 SVSUM7Zq6laR3vjbqL0qu6qrtwliyrSmYjttrXWa8olgH0r6XZmSlouScbz2utwy0YAULLQkgUQH JnvsVR+j1YJ3LXjRYiUmRIKZIk1WoMIb0ZzqJeQthzIeVx2KLr3bKH3pAiprfBC1uwyebPKFDS1o cVUhQXF5SWO/cL3ZLkPLXLcrRYcafCHKj81l4coMKZOrrMheyuSm+21q40IRwgrRU3HK1hpJHJJs WrpTwblQyxKdBaUgTCUVq6hHZhfroZ16ZVJuFQct5ZPTPRlxdeKliC+USoN2HGyCXHFFRqak+mEi KAr/ckpyfoY6XlQ26mr2zMm2iF/iB52CDYfgOUy34PvmdlLfkdMNksF/3q2rZgdyWOh6Bo2O9bRC U0kjNmeO3hHYaElTWuFP3W0b3arXNp1Yt1Ncmbvkfid8iMK7bffYuxM7KQCJJLI729BDt3tLWI/L pNXalU3VZoRLxRDCFmkrrbSt2H33jsuI7+r62baa9Y6z14b0VIq67lmuNCsGEgueC9JuNMsYWP7I JBVssGI+ADhTQWBHs7vZLYFNG+DmZgEACt5uNnMT1gDXdLyr3GhCF/MX48YSkThhYxaK6pPWaEO8 /Ommg+1jn/piSEMl2VA5jIIW+FqIEAr+pUFcWh/N/wrXP3MlzkJGRKKmjpi27JwEJrkbGmK0J8Gq AYAFdfMgZmY3P7MlyGZVHIj56sbAg7isTTukkDQuVZ9T3auBx2sIggIoMOLAy359gUtTShMcPL4H fwmRxikEiDv8TM5goonKFfbgsIP8bxnYAKBa6nOmY/HOcBZJoO6MEr+30caPRdLMIklRCqw9RXmh iwbPFsPHlLQye+uBZQKvZqJfPalW9kHWitxSFUSW8UsluZspAqGHPWRHbT05llBa9RnEhbBLv1Ed VXL0Oy9BxIQH+aVrNnKFQQxicTUcnwzFGcPtmAqRRKsONVejG0wO5IDjGo0qpWg1RaHzMSNKhBda Qf+LRNDCFUKzEZoGiimCuhKKUjxM3eKGloSUohqlwA2SBBeuNIJGET7q5yAE4QrnjfOj4QQpts7l M4Vo01cWNQgrnjHLiJGNkhcB3OIwNAgSwVM0n9JMM8nFM/lNJDe2E8n7hrpHn4Zmh3fzKHOuB7et cYmVpvypOvWSUjQKxXbKzKoygQYkILppRZ6Tyj0HlCX7uDM0IHuf1i62kZMeTIsIYV0YF0LBWQiC D3w4BTSH96ngtbCvfPUrYKvjyrMdaSRAHesAZ4EIRHDhOIM0YitJN0vKTraymL1s/C7FrKaKBKhw LchZ59qKxnahsaxQLGRA6ZEs6oWK+ZtFK1xRhzr/QOEQiJDtXDsS1t1G5BCJcMUn6LCH3LLCh749 WFIcqFo7IYIVjUVEIq5wreRyJDdeXEx4qvqlViSisbjFbReUat3B6Iah+csnbhu7zvK2p5F8TZgE aYGN76b2fO69LmGdIq7kJmIWB8RvfnGFIs409z/tHfCKcGiUA29TIAlWsOIkLJDnyjbCFFZuaMuL CFk8F8MZhojlBPweB4MmtYgIBCJC/BHmNliCz+3CNVjc2v66txVdMLF1LVfdG8+iC7qlMYHhW+L8 IeK0yBVyi3pLFx1HRilXAHCS1TUr1orkge7NYmOTyeWgUM/LOPkyQsdMWKYEqznL/RNvUBYXIg0w /1uiQnOB7XUqUk0lRz1ryZaGhqmAlivPgOaznv2sKa3I9S9LcxeT95Mi9LKpJFHgA3WkF71JW/p5 lM70pSstUSVlp5pwu+ecf+hkyASi1JuB1buAtqTRNsQkJK5ilI8bxvdJKIlGxdWiiwwovyFaycBz dLPqVD5VqtKtwP4ekVEWDbesUYDJbu1oQKyuVggy2oh9GHxc3aE9VArbn921CFV0CjeDe5J1y59e zz3J5f6uV9Z6HLuzHcw94IXbOLX3vAkz068OqMf7Ni+WV6NLBd0V2gFP07TDsuYldugKqSHkgCVE pcZY7k9jIxtZO5NMrXr84yBP1XiaI+5lyYnjqP9eqqwwh2pB1CtPG06ggpHtLlI1O+FyBpFnUp4r aeAM54bJInxgC5mSjAnoQY/5Ak2jdKTX/Hh8CaHcnJ6YjFOV6Xz4OdXN228tHVUQPtf61vm9oCsI 8Ntjr7nQE+TytDdnbGDkIaL8x3O372VRRFdLqiB+ILvPHbtcfYy8l+L3dtNl5DRvzyDRXniFU+gt kRl440NT93dPfsCxvrzhIcQHhGt+899D9d18XvnP+1stqWkK400PHMJEQ5XcZT0gj0qpxMt+9t9T aOxvrxYHN533KPs98KV9+JSZd/fD99XOG6Za4Sef362w9xPx/WrkP78jyrE+VbR/fc4kxMo/zbr/ 2Lv/WdxfN+urJz+YWst99buG+u7HVWMyH3/QEw1a1K6/ZfIeZAAwUv9t0gp1RXAAiGYf0QrXICsr hhT0V4DZpnwJUVfXIFsUBH8OmBivxUHuMWUXyHW/hhAzFjZOAX4dmHtNFkQPcT7XVhAJyIElGC/Z RDGW4xdEciCtMH4vCH3nxRdaNEg5SB5x4UNhwTE/SHwUsWIJJGlFWHXmV0EV2H5LeIDZ1AWBEIUY AoVWuCdHsxgJiA1KmIUG+GpIEYLOB4Y1wyWzoGJmSFalV4QWRYJraITfsxjS4HkcYXtx9TIDok1t OBYasSmOY4JyoYePJxmAIReMMRmKqCKy0RTS/yAje5UsjYQ2QHJET+RXkVghO8VVoVYi0nREmBiK nHhYO4JEnAU9mZhEqrhESgSKrGhEBGMfq0Ek6eZutliLuEiLulgWu3iLvZiLvBiMviiMwDiMxliM yPiLykiMy3iMzZiMzCiMcegoZWJ5CRNE6BUVtqaFQcMVm6RJXqcVdfGNouVwZlFUrZJo29gs59SH B3M11nIrBBcsfEItGUde9mhW3igszAcWxAMiX/EcSyJaoFISglE9YpFBEEMnvqNzuDE3EIkhvHE+ DFVIT0QQ5yN0l2MvDwMAniMywdSIZpEjt2FuNLJQ9Zg21lIwzHIi4Ch1+xFMwfgV5dNpHrkgJmXS J2bhUh8iWhW1bBGDEdeiRa2mOaVidbriUshjFbSxlAT3ISOnkgDJItU1lRbIHJ0xF2SRNNw4iL0n Yl7RUPzlddszjWZ5luw2amgJGrazUA6EhWv5ajnSPw4Ul5RBH29Zi0oWEAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0046.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0046.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Insured pension contracts"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"234"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>11</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s239618" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s239618" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Insured pen= sion contracts</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 39619" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s239619" class=3DB> <div id=3D"_x0000_s239619_0_33" style=3D'mso-line-spacing:"90 20 0";positi= on:absolute; top:35.0%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.nylim.com/gp/0,2058,1000_1018240,00.html"/><a href=3D"http://www.nylim.com/gp/0,2058,1000_1018240,00.html" target=3D"_bl= ank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Single premium annuity contracts</a></span><span lang=3DEN-US style=3D'font-famil= y:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fareast-lan= guage: ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s239619_33_56" style=3D'mso-line-spacing:"90 20 0";posit= ion: absolute;top:41.75%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap= '><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Level premium annuity </span></span></div> <div id=3D"_x0000_s239619_56_88" style=3D'mso-line-spacing:"90 20 0";posit= ion: absolute;top:48.75%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap= '><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Single premium deferred annuity </span></span></div> <div id=3D"_x0000_s239619_88_121" style=3D'mso-line-spacing:"90 20 0";posi= tion: absolute;top:55.5%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap'= ><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.g= lossary&f=3DD"/><a href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.gl= ossary&f=3DD" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Deposit administration contracts</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s239619_121_170" style=3D'mso-line-spacing:"90 20 0";pos= ition: absolute;top:62.25%;left:10.11%;width:92.69%;height:11.5%;white-space:nowr= ap'><span style=3D'position:absolute;top:0%;left:4.04%;width:95.75%;height:52.17%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.21%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.g= lossary&f=3DI"/><a href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.gl= ossary&f=3DI" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Immediate participation guarantee contract </a></span></span><sp= an style=3D'position:absolute;top:50.0%;left:4.04%;width:84.64%;height:52.17%= '><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.g= lossary&f=3DI"/><a href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.gl= ossary&f=3DI" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">(IPG)</a><= /span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div id=3D"_x0000_s239619_170_202" style=3D'mso-line-spacing:"90 20 0";pos= ition: absolute;top:74.75%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap= '><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Special investment arrangements </span></span></div> <div id=3D"_x0000_s239619_202_239" style=3D'mso-line-spacing:"90 20 0";pos= ition: absolute;top:81.75%;left:10.11%;width:83.14%;height:6.0%;white-space:nowra= p'><span style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s= pan style=3D'mso-special-format:bullet;position:absolute;left:-4.71%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/20050= 224113409_117kb_NYLGICProfile.pdf"/><a href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/200502= 24113409_117kb_NYLGICProfile.pdf" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Guaranteed investment contract</a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/20040= 325152718_115kb_NYLGICProfile.pdf"/><a href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/200403= 25152718_115kb_NYLGICProfile.pdf" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'><span style=3D'mso-spacerun:yes'> </span></a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>(</span><span lang=3DEN-US style=3D'mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"url" href=3D"http://www.nylim.com/gp/0,2058,1000_1018239= ,00.html"/><a href=3D"http://www.nylim.com/gp/0,2058,1000_1018239,00.html" target=3D"_bl= ank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= GIC</a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>)</span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_0_33" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_0_33" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_0_33" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_33_56" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_33_56" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_33_56" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_56_88" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_56_88" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_56_88" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_88_121" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_88_121" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_88_121" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_121_170" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_121_170" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_121_170" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_170_202" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_170_202" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_170_202" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode38" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode39" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_202_239" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_202_239" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_202_239" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s239619" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Single premiu= m annuity</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>The employer det= ermines the benefit that will be payable to each of its employees and makes a single payment to an insurance company to guarantee that the benefits will be pa= id as they become due.<span style=3D'mso-spacerun:yes'> </span>This ar= rangement is used for a group of employees who have retired.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Single Premiu= m Annuity</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>This is an annui= ty, which is purchased with a single, one time payment / premium. May also be known as= an immediate or a deferred annuity.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Single-Premiu= m Deferred Annuity (SPDA)</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>This is an annui= ty, which is purchased with a single, one time payment / premium. May also be known as= an immediate or a deferred annuity.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Level premium= annuity</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>In this arrangem= ent the employer estimates the pension that will be payable when each employee reaches retirement age and the insurance company is asked to quote a level premium that is guaranteed to provide the estimated pension.<span style=3D'mso-spacerun:yes'> </span>The insurance company guarantees= to pay the indicated amount of benefit if the indicated premium is paid each year until the employee retires.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Single premiu= m deferred annuities</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>Under group defe= rred annuity contracts employer contributions are used to purchase single premium defe= rred annuities for employees based on the amount of annuity benefits accrued by the participant each year.<span style=3D'mso-spacerun:yes'> </span>= The employee’s pension is separated into pieces that are associated with years of employment.<span style=3D'mso-spacerun:yes'> </span>If the employee is entitled to an annual pension of 2% of salary then the employ= er then purchases a single premium unit of deferred annuity which becomes payable when the employee reaches normal retirement age.<span style=3D'mso-spacerun:yes'> </span>The employee’s pension is = the sum of the units purchased.<span style=3D'mso-spacerun:yes'> </span= >Once the annuity is purchased, the insurance company assumes all the risks and provides all the services.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Deposit admin= istration contracts</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>One of the probl= ems with single premium deferred annuities is employee turnover.<span style=3D'mso-spacerun:yes'> </span>The deposit administration contr= act separates employees into those who have retired and those who are still active.<span style=3D'mso-spacerun:yes'> </span>The insurance compa= ny assumes all risks for the retired group.<span style=3D'mso-spacerun:yes'>= </span>The insurance company provides no direct guarantees for the other group except that pensions will be provided to the extent that funds are available; the insurer administers the fund while the employer estimates = the amount of money that should be set aside each year to make reasonably cer= tain that sufficient funds will be available to purchase annuities for employe= es as they retire.<span style=3D'mso-spacerun:yes'> </span>These monies constitute the fund administer by the insurer.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Special inves= tment arrangements</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Separate acco= unts</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>These are often = used for variable annuity benefits.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Guaranteed in= vestment contracts</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>In this contract= the insurer accepts a specific amount of money and agrees to return that principal at= a fixed date, i.e., 1-15 years, and to pay quarterly interest payments at a fixed rate.<span style=3D'mso-spacerun:yes'> </span>The bullet GIC = is well suited to defined benefit plans because it fits the timing of the quarter= ly contributions to the plan.<span style=3D'mso-spacerun:yes'> </span>= The window GIC is designed for the defined contribution plan.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>http://www.eridl= c.com/resources/index.cfm?fuseaction=3Dresource.glossary&f=3DI</font><b= r> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Immediate Par= ticipation Guarantee Contract (IPG)</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>A group insuranc= e contract under which the employer's unallocated account is credited with its share= of actual investment income for the year. There is generally no guarantee of principal or a minimum rate of interest. Annuity payments are charged dir= ectly against the account as they are paid.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Deposit Admin= istration Contract</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>A method of fund= ing a pension plan in which the sponsor of the plan places the insurance compan= y's assets in a general account. Upon the resignation of a participant, the insurer retrieves enough funds from the general account to pay the plan participant an annuity. This contract typically protects the sponsor of t= he plan against loss and guarantees minimum returns. May be compared with IMMEDIATE PARTICIPATION GUARANTEE (IPG) CONTRACT</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Guaranteed In= vestment Contract</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>A deposit arrang= ement entered into with an insurance company, which guarantees both the princip= al and interest repayments. It is a type of annuity contract, not a marketab= le security. The amount deposited can be a single sum or a stream of monies deposited over a specified and limited period of time. Similarly, the dep= osit plus the guaranteed interest paid thereon can be repaid in a single sum or installments. Expenses related to the contract arrangement can be charged against the guaranteed interest payments or paid separately by the contra= ct holder.</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0045.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0045.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Other plans"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"233"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>12</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s238594" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s238594" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Other plans= </span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 38595" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s238595"> <div id=3D"_x0000_s238595_0_20" class=3DB style=3D'mso-line-spacing:"80 20= 0"; position:absolute;top:34.75%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Profit </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hans= i-font-family: Arial;font-size:71%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.equitable.com/retirement/emp_bus_profitsharing.html"/>= <a href=3D"http://www.equitable.com/retirement/emp_bus_profitsharing.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>sharing</a></span><span lang=3DEN-US style=3D'mso-fareast-font-f= amily: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'><span style=3D'mso-spacerun:yes'> </span>plan </span></span></div> <div id=3D"_x0000_s238595_20_37" class=3DB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:39.0%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Stock </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hans= i-font-family: Arial;font-size:71%;mso-fareast-language:ZH-CN'>bonus</span><span lang=3DE= N-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 71%;mso-fareast-language:ZH-CN'> plan </span></span></div> <div id=3D"_x0000_s238595_37_74" class=3DB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:43.5%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Employee stock ownership plan (</span><span lang=3DEN-US style=3D'mso-fareast-font-= family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.ebrworld.com/newsletter/archive/fall2000/stockbonuspla= ns.html"/><a href=3D"http://www.ebrworld.com/newsletter/archive/fall2000/stockbonusplan= s.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>ESOP</a></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-CN'>)= 3;</span></span></div> <div id=3D"_x0000_s238595_74_96" class=3DB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:48.0%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Employee savings plan </span></span></div> <div id=3D"_x0000_s238595_96_109" class=3DB style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:52.5%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Thrift plans </span></span></div> <div id=3D"_x0000_s238595_109_121" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:56.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Thrift plan </span></span></= div> <div id=3D"_x0000_s238595_121_128" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:60.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://www.equitable.com/retirement/emp_bus_401k.html"/><a href=3D"http://www.equitable.com/retirement/emp_bus_401k.html" target=3D"_= blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= 401(k)</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-fareast-language:ZH-CN; display:none'> </span></span></div> <div id=3D"_x0000_s238595_128_168" class=3DB style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:65.0%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Simplified employee pension plans (</span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.equitable.com/retirement/emp_bus_simplified.html"/><a href=3D"http://www.equitable.com/retirement/emp_bus_simplified.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>SEP</a></span><span lang=3DEN-US style=3D'mso-fareast-font-famil= y:SimSun; mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-CN'>)= 3;</span></span></div> <div id=3D"_x0000_s238595_168_196" class=3DB style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:69.25%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Tax-shelter annuities (TSA) </span></span></div> <div id=3D"_x0000_s238595_196_203" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:73.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://www.equitable.com/retirement/emp_edu.html"/><a href=3D"http://www.equitable.com/retirement/emp_edu.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= 403(b)</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-fareast-language:ZH-CN; display:none'> </span></span></div> <div id=3D"_x0000_s238595_203_231" class=3DB style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:77.75%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Self-employed pension plans </span></span></div> <div id=3D"_x0000_s238595_231_267" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:82.25%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Individual retirement account (<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://lincoln.lfg.com/f_main.htm?/retire/understand_options/ira.= htm"/><a href=3D"http://lincoln.lfg.com/f_main.htm?/retire/understand_options/ira.h= tm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>IRA</a></span><span lang=3DEN-US style=3D'mso-fareast-font-famil= y:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-fareast-language:ZH-CN'>)</s= pan></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_0_20" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_0_20" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_0_20" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_20_37" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_20_37" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_20_37" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_37_74" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_37_74" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_37_74" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_74_96" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_74_96" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_74_96" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_96_109" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_96_109" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_96_109" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_109_121" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_109_121" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_109_121" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode36" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode37" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_121_128" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode38" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_121_128" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode39" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_121_128" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode40" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode41" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode42" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode43" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_128_168" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode44" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_128_168" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode45" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_128_168" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode46" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode47" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode48" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode49" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_168_196" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode50" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_168_196" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode51" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_168_196" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode52" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode53" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_196_203" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_196_203" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode55" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_196_203" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode56" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode57" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode58" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode59" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_203_231" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode60" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_203_231" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode61" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_203_231" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode62" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode63" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_231_267" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode64" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_231_267" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode65" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_231_267" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s238595" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Profit-sharin= g plans</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is a type o= f defined contribution plan in which the employer contributes a portion of the firm’s profits.<span style=3D'mso-spacerun:yes'> </span>It was designed to motivate employees to improve productivity.<span style=3D'mso-spacerun:yes'> </span>They can also avoid the cash flow problems that a qualified defined benefit pension plan creates.<span style=3D'mso-spacerun:yes'> </span>The plan may be combined with a = money purchase pension plan.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Stock bonus p= lan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This plan is sim= ilar to the profit sharing except the bonus is paid in stock.<span style=3D'mso-spacerun:yes'> </span>These plans give the employees an ownership stake in the corporation and may be used by closely held corporations to make a market in the stock.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Employee Stoc= k Ownership Plan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is a defined contribution plan.<span style=3D'mso-spacerun:yes'> </span>It is a = stock bonus plan with the added feature that the plan can be used as a means of raising funds on a fax favored basis.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Employee Savi= ngs Plan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is a supple= ment to other existing plans such as a profit sharing plan.<span style=3D'mso-spacerun:yes'> </span>It does permit withdrawals and so provides liquidity for the employee.<span style=3D'mso-spacerun:yes'>&nbs= p; </span>The thrift and 401(k) plans are both employee savings plans.</font= ><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Thrift Plan</= b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>The thrift plan = is a contributory profit sharing plan designed to encourage employees to save = from after tax income.<span style=3D'mso-spacerun:yes'> </span>The inves= tment earnings are tax free until distribution.<span style=3D'mso-spacerun:yes'> </span>These plans may include partial matching by employers, e.g., 50 cents on the dollar.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>401(k) Plan</= b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>the 401(k) is an= employee savings plan that allows contributions to be made on a pretax basis and allows partial employer matching, e.g., 25 cents on the dollar.<span style=3D'mso-spacerun:yes'> </span>See the web for the changing max= imum salary deductions.<span style=3D'mso-spacerun:yes'> </span>Some emp= loyers allow individuals to make investment choices for their 401(k) money.</fon= t><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Simplified Em= ployee Pension Plan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is an expan= ded version of the employer sponsored IRA.<span style=3D'mso-spacerun:yes'> </span>The deduction limits are higher than the IRA.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0052.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <link rel=3DOLE-Object-Data href=3Doledata.mso>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0052.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Longevity risk is the risk of outliving your accumulat= ed wealth."> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"265"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>13</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"TPQuestion" o:spid=3D"= _x0000_s271362" type=3D"#_x0000_m1031" style=3D'position:absolute;left:54pt;top:60pt;widt= h:624pt; height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"TPQuestion" class=3DT><span style=3D'position:absolute;top= :13.25%; left:9.36%;width:92.69%;height:6.75%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>Longevity risk is the risk of outliving </span></span><span style=3D'position:absolu= te; top:19.5%;left:9.36%;width:83.33%;height:6.75%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 89%;mso-fareast-language:ZH-CN'>your accumulated wealth.</span></span></di= v> <v:shape id=3D"TPChart" o:spid=3D"_x0000_s271364" type=3D"#_x0000_t75" sty= le=3D'position:absolute; left:355pt;top:186pt;width:5in;height:349pt;visibility:visible' o:bwpure= =3D"highContrast" o:bwnormal=3D"blackTextAndLines"> <v:imagedata src=3D"slide0052_image015.emz" o:title=3D""/> <p:animation number=3D"2" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/><p:tag name=3D"CHARTTYPE" type=3D"string" value= =3D"0"/></v:shape><o:OLEObject Type=3D"Embed" ProgID=3D"MSGraph.Chart.8" ShapeID=3D"TPChart" DrawAspect= =3D"Content" ObjectID=3D"731"> <p:oleclientdata subtype=3D"graph" menuname=3D"Chart" clipboardname=3D"Microsoft Graph Chart" followcolorscheme=3D"fullScheme"= /></o:OLEObject> <![if !vml]><img border=3D0 v:shapes=3D"TPChart" src=3D"slide0052_image016= .gif" style=3D'position:absolute;top:34.5%;left:49.25%;width:50.0%;height:64.75%= '><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"TPAnswers" o:spid=3D"_= x0000_s271363" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:198pt;wid= th:324pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <v:textbox style=3D'mso-fit-shape-to-text:f'/> <p:placeholder type=3D"body" position=3D"1"/><p:tag name=3D"OLDNUMANSWERS" type=3D"string" value=3D"2"/><p:tag name=3D"TEXTLENGTH" type=3D"string" = value=3D"11"/><p:tag name=3D"FONTSIZE" type=3D"string" value=3D"28"/><p:tag name=3D"BULLETTYP= E" type=3D"string" value=3D"ppBulletArabicPeriod"/><p:tag name=3D"ANSWERTEX= T" type=3D"string" value=3D"True False"/></v:shape> <div v:shape=3D"TPAnswers"> <div class=3DB1 style=3D'mso-margin-left-alt:576'></div> <div class=3DB2 style=3D'mso-margin-left-alt:816'></div> <div class=3DB3 style=3D'mso-margin-left-alt:1080'></div> <div class=3DB4 style=3D'mso-margin-left-alt:1368'></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:37.7= 5%; left:10.11%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>1.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>True </span></span></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:45.2= 5%; left:10.11%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>2.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>False</span></span></div> </div> </p:slide></div> <p:animation number=3D"1179746128"/><oa:par id=3D"TimeNode0" dur=3D"indefin= ite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_1" o:presetClass=3D"entrance" o:presetSubType=3D"0x0" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"TPChart" attributeName=3D"style.visibility" to=3D"vi= sible"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildChart targetElement=3D"TPChart" groupID=3D"0" build=3D"allAtOnce"/> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0052_image015.emz Content-Transfer-Encoding: base64 Content-Type: image/x-emz H4sIAAAAAAACC+Vab2xW5RU/9+0f2vKvvJLY61hpO5A7FPfGgSSTxNrFt1YQaCVO1y3ZDJAskwwh a5vYDyVZJCu1savIaFgX00EFoVFCKAkk1UaQkNIPzmUL84PJksVNPgyzZS7RdOf33HPe99zre1sq 6CS7yek9557nnt/z55znnOe+9YjoaaZ1TNVMFzyiT5j0Wl5D9M1lRDUPPZol8ujFgOgq6xdT9Ooo IbqjmOgfzJ+K6bqOFlHNWIrYAN3NxCaJzd3l1Xu0hPlKplTlG38G7I+E0PYHTJulbV19Mc0Te9X1 5Tl+GdtQPlOfcraKQ9QHauvn5HTF9ZTjs9KHNNOjjzW2UNl3mzweWxnTC51EVZRv6ws/NTXlxgx+ vrwLPsVUy1TGVJdvO1XoWYWMVS9tYzEsdo7/9nZq4dtODyvAc4yG5jqXyrF1D9Iu+gn92K3p5708 6ddKY1vXpYY+mVrqZo9W4E/w6zS9d4wyZwbSdPVAmra2uVfdGhS5N0/Trk8vZRYyhza4v3gwTWue LMkUN5+mKn6GMY5uKsmAR3vIPzxBTkabUvTncNpR1wg/l7kpRDSNrlBbHe9etgte+79c5t4zPK97 1634XH0HS/n+l+A7WOMtN+A7c5hKxFYVt6kW36k2vjPv+zP7DtrEfQd+WZFANI2uUNuZfCeVsCZf 1PNC+49tW3Cf4b2lOhYP7/OglqRuHdvFQu+x7apU6FxVuf2HAbq6yK5LkeEZq6vK2FcsvJO03z+O XCM5s9cLc+aYF/rsOuZ28NP9Xq93wRvzICsW67sC0wc7FjtGa38N0w6K2l/HT3fQdgIOZG2PdtuZ 9nthv0rcs14Pbfd7oF7XN9ufO/m+xMxVLvVzn5YX6qtZD5phLuwc6JzYebdz8UWP+WuSe9eJXZW1 v0l6yOeN7MXaQz4/jb0Lor8Z+/oc85wMP1MMWRsl5j2sgV+o3pBasErm9y028Fu+f+wl+2yhWLG5 p8jULeNeSLncU3lzcs87tbU/fWLbtfarW6+1l7v6qttDfw79IU1/zHzUPl/a+PSat6juo3bwf6mr +A/mA/cXWq+1o97Ader3afpOfUkmbEP0AdtAXoK+c/3jZypGKfP1Wq9n8u9p53MYNXjsPauevtb+ T37/b5ynOtafpp0f3E5/Yh1soU8f87Oad9O09J25mTNPnXa29cLzE0+Fz1978nY2xs8y/2r/cNfc zApZV+DA3uZ3w3uh3FMkORjz+TOmizzfg3z/t9SQv1r2ywdBzzD/V4mbDbH5nJLrCZe7t/AK/Zy2 yV6LHFgq9/KYrwUF9tn/hU9fb774KsZjUt/v8cJ43Mb0qZzD/l/jrtTE3aqEuLtyE+JulYm7KxJ3 V2aIu53IT14Yd1vlTG3j7l4WPvTCGJo+7rJudXZz5BWbeCuRPt3qsZeV+mNB7izesBkIHn22jmv7 Tdtn6jjFgM43/Ey1W5sXznsH31+R/a/DO+K1ea8wbWB+o5NXmH7j6jzcGelDsekDdL7hFWs3228S zFcFCzi7vVeZmgh4kBWrRLD2nNgTwSoxWND5hs/VQ2z/YcE8LljA2eEdZ3qYgAdZsUoFa++pvRGs UoMFnW94xdrO9hsF84TWXoyz3TvB1EjAg6xYcwTr+XPPR7DmGCzofMMrVqsX+gowRwQLOK3eCFOW gAdZscoEq/+t/ghWmcGCzje8YrUIVqvBAk6Loyy1OhrJYZUL1sGJgxGscoNlzxZop1hNgtVisIDT xGNp4jEBD7K2b5A5bzJzjrYNvKYNvLZ4B7Idb1CgP0ljv198tcH4Kmzf7x1lWk/AgDybtVvLdtaL 7aNiE/bWcnyt5TiDXciz8b3VbGej2D4iNmFvtTfE1EywC9nEaeS8EZj4DUx8BaYPgRljYOZTz0xl 05yZymJ7pN0XbZ7+nuz/GM+QF+5H8IN5Zj/S+FV/V//QddFxW1tZ2duaSW1tdPsM4h9xiXhpdb6V dT6DdcU6YN4wf3p+6ZD5vc/ImHfVa7/vM3KzfGNdLPMQ7usPbb6R7xzT5YkbzWep5HxW8NsD/NDW Y4tlXjbEzvRJtdkW+R6GuYKdZ/jeQNH6QHVF09QHW9xZOeP6nha64zrm9suap5nyftw/Cq8xxffv LhuL8f2+uq0tcb+Hzjf8TDXCZfn9YZLpd7LHTLK3X2bpMmsm2dMhx/Pb0mefTcxv0PmGV6wJCuMK mLqfAWeCpQnWAA9yPG/X7NmTmLeh8w2vWJcwv4I5LFjAucTSJdYAD3K8Hql77rnEegQ63/CKdVH8 F5haZwHnIksXWQM8yPE66xs9PYl1FnS+4RXrPIV5BpiaZ4BznqXzrAEe5HhduayvL7GuhM43vGKN U5gngal5EjjjLI2zBniQ4zXCnS+9lFgjQOcbXrHGBGvcYAFnzFETjTvK13T6fXrFoUMRrAqDBZ1v eMU6S2H9CEytH4FzlqWzrAHemMGaK1jByy9HsOYaLOh8wyvWKIW1DDC1lgHOKEujrAEe5BWxb1Mr jxyJYM0zeuh8wyvWScEaNVjAOemokUYd5evH+YJ11/HjEaz5Bgs63/CKNSL5Cpha0wFnhKUR1gDv pMFaIFh3v/56BGuBwYLON7xiDQvWiMECzrCjLI04yteqCwXrntHRCNZCgwWdb3jFGhKsYYMFnCFH WRp2lMfS3zq/de5cBKvSYEHnG16xBgVryGABZ9BRloYc5bEW6W/Ab74ZwVpksKDzDa9YA4I1aLCA M8BrNMBrBbxBg6VfDe59++0IVtpgQecbXrEOiB8OGD8EzgFHjTTgKO8bt2lpOTERwbot4WyBdorV L1gHDBZw+jmm+jm2gAdZ2/dJ7Peb2EfbPo73Po57vAPZjjco0J+ksffKPtZn9jHY7qVjTI8QMCDP Zu2QJR4R28fEJuz18N7bw3sw7EKeje/tkzzSY/II7O3j3LGPcwjsQp5N7HRLHtxn8iDsdXOe7eZ8 C7uQZxP73VIzdJuaIbR3mGkTwS7kQmegsoTzTWnCeag49m3JnikDk18Cs/8HZn8OzP4ZmDEGZg4D s0aB8YHA+JuevdLTnL3Sszh7dcr84QwzKfFfZeo8rYu0jtC8q3lK93XdB3Xf0DhT/1b/0fWx2Fmp MZtJsZtdvYc6DPUR6hbUE+Mu9za5vDjqckij29+HZT/EPjXgYrrRxSriCf4Pf4V/hf6wKXd2m6To 2U37oHr07bDRQ940w9nuxs5zFK+bb+o5JZ1wTkFM6TnlFzK2SZr9ea5bfjdDVoif51R3K5zn0jfp PGf3HdvXoECc4lw33W+waxLGO5sxXs/36aT/U/iqYZbL3Og7tTOcwz/3/6HF3sU6r5Y9Gf+Xt7Ke z0W5cXQ9gD8h5XmN9Up5J2X+F28B5f+XsFL4/wJsHkBslCgAAC== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0052_image016.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhDAEEAXcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALCMAEgDa AN4AhQAAAAseNwwbMAshPQctWAcuWwYvXgonSwgrVQkoTgkqUgsjQgolRwAzZgMxYwUwYCecnCaW liSRkSOMjCKGhiCBgS+8vC63tyyxsSusrCqmpiihoTPMzDLHxzDBwXylfICAgI28jYe0h4GtgZnM mZPEkwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwEC AwECAwECAwECAwECAwECAwECAwECAwECAwb/QIBwSCwaj0hkY8kkBghLQkAYKCwLU+GgYUh6v+Bw ktkcPqNZQPWa3nbF8Lh8/t2SG0OBg+wQAB4NAQEND0OAaXSJinZkeXtMfUKHg4WSgYqYmZpCBw0I RwgNBEIGngBLQqgACQ0Jm69hnZ9GoaMApbOqqqyusL6/SKGAXANDpVmDXZOEaszAz0PCSwbFpJfN b8uFlNDdv1Z31aqpeGsNWABW1d7fdw3ieEOq5ujq7PeZVgdCoW/jp/GKdFKAr90+AP3IEflHZGDB h5p0BQRoRI8DNeDQQdwkceFERxfpIdpIUogVPwpvXUtmBMqCP4G4lYxzUl68Y1S4HHEJU5Cz/5kl odiqxU8nACizhiwQlZIhUC9Ciw41itTIUlsdn5IM8GhJJAB6+KAc4uCrNq1huIoVEhbSWLJmY/5E +9CcFCdQRI0MdRAjG7pg7CI6o5dWg74iAStezLix48eQI0ueTLmy5cuYM2vezNldGc50PIO+586C 6QsXMKjG4PkjaM8kSsiWHaK109FxmHDg0KGDBw+mLaBejSFDBg3IN2yA0CgzGRLQo0OfTTuEdesi sosY8Rl3mCW9d/P2Dfx06tXGkWtQDgFChAgSukdeMlu6feolrl/Xvn3EiA+ueaeEB+Ht1ttvwQ2H 3nHJLecefBJMQMFtizUQAnX2SYeffthp5//ffwAK+EUDFhDYgXgHlifceaql12B770kQIQUVBAjY EtZhmOF01HEYAn8ffhCiiGOUWOB4CJpHnIvrORjjjBXU+FgDIuRY346x9cghkP4JaSORpxh5ooHk JchicQw2CSOEEkb5pVZUWikbllnO5iOXIL4pIokmolimkguqx96DMrYppWNxXnjljhtu6WGXQ4Jp BJ9HpmjmkmkO+qShegKVqI6Maqkfnl5KegSlYyKpooItZuokmzQe2tini2bY6KiP5mnqpGL6meSK mAr6aqGxdjoTrXNieet+uZa660K9kvkrq2gKuyaxbk5ZpaLJhmqno9kFGemzYfYp7apnMqn/KazZ IrotqLaKymy4kBqLG6q+ohvsi4RCKStjyJZA57Id0qsrualEq+qlgfK7abHayimwsvIW3N/BCON7 LsOtWtsvpxFzO7G31eFqsLMZK2wpoB07zO6/Fb5b630V/9jsuM9qvDDL1bqMLcyKBTxwzaTivKvO KwPbsJofQ+yuxEN/a/LFKJOL9J9Kt8z0w+3OKnO38Uo9L9VGm3r1tOm6eq2/9pIkNMViWyxu26+p jDW16g7Ldsjw0hy3zSeXLenZ+i697s90Q/Q2yfmBS3bimxHOcc9bvwx5QYuHXfLYcyOcsLk7Z035 4Xs/LXLUm8tdr+flVnp32h5zDfSNX4+s/3njU3fuueQ85702yKb3rSHRN1/unN1o71s54nzPPPzf RRuPGe+i+9501wDXjjrunK++O/KFa0068F5DDXfqgD/OOvV4q3397HRl7jf60a8P/uTWyy49O/I/ T3/x9gNd0toXO8s1D2zz457qMGa1+/XOffo7oO0SeCcAfk+Ar1Pe+JxWvtOdT4Hp013KMJg8w+mN fNkzH+MqGLj9WYZ9sPNZ6ToovOgQLITeG6HrSii+E3IwhR5coeNE2EAShm90PsRezFR4Oxaq74I7 PGL+DBg859mQeC0MYBTxB0Eq0tCKPIKeBXWYqgHGcHkzBGINw/i/LEKxjBk04e9+uMQgNv9xiDks 4hYfWEDmVRGB/gNh/d6YLy72MY11XGOd2vhEMhaSjzJEYSLBuEhBjlGPcOQhEueoxKBp74NOJGLO HFi9Lvrxi4C8ohjd6MiNQRKNkvQkEymIRwaO0oiGjCQdZWlHWuYuj7fcYykPGUvazTKQoQTm0UhJ QF120pi9RGYtqxbMTErRlIjkpSJvOMhWhq6ZsNwlNLeJxUZi8pHDdCb80NI/VTJSlMvE5Ss3+Mz4 fVKIv7RlPIUJTnquE073vGM+qblPa+YynPVkZ0B92T19mo2ZZ/SnC7vRTjZakpXndGU6EfrPp1S0 ksl06OAgqsEkdtRTC5XmQAUHJhiWlJP/Jz1WSt15UXNWE539NOlEofFRbl7yphrNKUx3+oyelhOe D5XnRiUqwe2FlKBJ5WdEddpUUE6TpURyqRzfR1RgGHWVNi0oTqc61Kris6FQHalShcpVswoUrVjd E0m3GsE/TlClcO3qfObaw7La1alX1StktNrXtv7VqisV7JT4uknDovKuNH1qXAVE2MbW9bGATawW DTpPqh72rAtMa0sZO8VTqpGSPsUoUL9JVseeNpUWlaxiEUVabBbTnseMbGA3O9aXunaSsAXpbgkZ 1NZe9rWQje1wvWlG3x4XuMkVrmaJy1rnehG5mc0rb4trXdNCN7uhnax3KlvabI4TtUdV/2ZUObtU z2IWsdqlbnPpet3vwje8s51VbYkpTtxGU7fTZW4cC/tcbaIXrEhVq1S7a17/khPB6lUwe9la4PMG N7VhXW9v6etdA184vSId7VqNW18PRxfDCRbxgjncYIXmVrkBzmh1WXxbF/8XxvEVsCbLW2OAvli6 OZbxfAlcYgufGMSizep+1ZnfiMwUx/jd7oyJ3GEjgxeHIVbyiBncY48+GchRlu+ALVtkBx/4nRFW 8YRJXGUzfxjCWZbrlmncXxs/GM1xpuySOdrkTHwVz0mW84qp3GIf3xjMWA60nudM6C6j9McoTrOW B03mNtv5zDVN8aTXzOU6G/rOmZa0oP85TeeEfhrTspXykCtdaC9DGsnivdeemfrZt4ZZx9fkr6ld fehI53m8s3Yvdu+b6FiPhry29TSvQZ1qMe842bt+dK9h3eegBduv7wVtsat9o2v/1sRX7qaQx8xj ZUub2csd97N1HdOS/DnUv5Y1o1ntaJm+Gs6KBva8yx1te08b38au276h3W63fdnX+ZY3pfld8I28 u9m4Piits23rbaua3ATndiIenu7VrprhGg/Nwal98XUz2a0MvbW6c33yWqfc4s5mOZ9RjleVexzj 7A75HDge45ubfOYurznMI95ZbA9b2+L2ucwnfvSKJ12s3C11wxU3coDr3KPerrCbj2z/9ZIvXdj2 RfpPoT5lepvb3+juOdk/nnGaAzjISpc42MFN7KdrOOqNPru7qw7ogHcm62W+9Jv7fnVPAd7Spx48 vBN+7MO3+tyo7vjacd5yir/c7hLecN77vfd7E97rcjd62J0+9ruXHeRuh/LQVx76b1u57qXPPN7N znmDe37xfo+c4+vd+X9/Puat17rguf57ordX9HQXu2on/3Omj/7ysVez5mk/9YfwHO7M/zryX6/8 DMv+9G0P+tttnv3gBz7xxMd94X9hG8/svljtj7/85x9/vquf/hQ6VgNAwP/++///yJZz/zeABFiA BniACHh9+IWAAHgjDAiA7+cmDziB/xQ4gQq4bRUIAvmHORmogRFYIx0YgiF4gdEzgp4ygh+4fyK4 ghZof7Ilgut3CjCYgixYgwnogoG1goWngig4cAJog0A4gCRYPCwYcktQhDQYhErIf0PYQjXIbTyo g0m4hEHYhI9jgxvoZ0AYgExGhUpohXNThUVVhVPohU+Ig4n1hez3hREYhWb4hLf3gmr4Cm6IhT4Y SUzwhl/oe+pHhRN1hH7YAAtnSoCoh0vIBIr3VHW4hZiwiF+4BLOXN3dgiIb4HKSXHWSgh1moBJTY f/jnGZ0Yiv73ie4gihooB45oiqq4iqzohW2Tiq0Yi7I4ixRoLLBIi7iYi7r4JoWoi/+++Iu7yInA OIzEOIsMcYvFmIzK6IrysIzO+IyVKIPQOI3UWIWkeI3YmI3auI3c2I3e+I3ywTriOI7kWI7meI7o mI7quI7s2I7u+I7wyDpQQBDxSATzWI9DkAAHgAAK8BL4qI/86I/1SAAPwAAKwAD4eBQFeZD4qABc 4QD0GI8EIAVlEZHxiAAOMBLviAALAAV9EY+9QABf8Y4OKZIJwJDxWAACgAAGIAAoCY8YGQADUABJ 0Y4IwAAnWRQ1CZMOMAAaqY4IMAoIUAkJaQUIiZFvsY5DmZEI8Qb1qAAHIJL7gJDuGACfEJMAQJUw OQAHcAAMQAC9gI9IWY8IMAsFYAAmFomPWrmRQjkAArAOCZmQGEkAaxmXdomVdpmX/DCSehmXdckZ QQAAOw== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0049.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <link rel=3DOLE-Object-Data href=3Doledata.mso>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0049.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: A defined benefit plan covers longevity risk."> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"259"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>14</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"TPQuestion" o:spid=3D"= _x0000_s265218" type=3D"#_x0000_m1031" style=3D'position:absolute;left:54pt;top:54pt;widt= h:624pt; height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"TPQuestion" class=3DT><span style=3D'position:absolute;top= :12.0%; left:9.36%;width:99.25%;height:6.75%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>A defined benefit plan covers longevity </span></span><span style=3D'positio= n: absolute;top:18.5%;left:9.36%;width:83.33%;height:6.75%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 89%;mso-fareast-language:ZH-CN'>risk.</span></span></div> <v:shape id=3D"TPChart" o:spid=3D"_x0000_s265220" type=3D"#_x0000_t75" sty= le=3D'position:absolute; left:355pt;top:186pt;width:5in;height:349pt;visibility:visible' o:bwpure= =3D"highContrast" o:bwnormal=3D"blackTextAndLines"> <v:imagedata src=3D"slide0049_image017.emz" o:title=3D""/> <p:animation number=3D"2" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/><p:tag name=3D"CHARTTYPE" type=3D"string" value= =3D"0"/></v:shape><o:OLEObject Type=3D"Embed" ProgID=3D"MSGraph.Chart.8" ShapeID=3D"TPChart" DrawAspect= =3D"Content" ObjectID=3D"728"> <p:oleclientdata subtype=3D"graph" menuname=3D"Chart" clipboardname=3D"Microsoft Graph Chart" followcolorscheme=3D"fullScheme"= /></o:OLEObject> <![if !vml]><img border=3D0 v:shapes=3D"TPChart" src=3D"slide0049_image018= .gif" style=3D'position:absolute;top:34.5%;left:49.25%;width:50.0%;height:64.75%= '><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"TPAnswers" o:spid=3D"_= x0000_s265219" type=3D"#_x0000_m1032" style=3D'position:absolute;left:60pt;top:192pt;wid= th:324pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <v:textbox style=3D'mso-fit-shape-to-text:f'/> <p:placeholder type=3D"body" position=3D"1"/><p:tag name=3D"OLDNUMANSWERS" type=3D"string" value=3D"2"/><p:tag name=3D"TEXTLENGTH" type=3D"string" = value=3D"11"/><p:tag name=3D"FONTSIZE" type=3D"string" value=3D"28"/><p:tag name=3D"BULLETTYP= E" type=3D"string" value=3D"ppBulletArabicPeriod"/><p:tag name=3D"ANSWERTEX= T" type=3D"string" value=3D"True False"/></v:shape> <div v:shape=3D"TPAnswers"> <div class=3DB1 style=3D'mso-margin-left-alt:576'></div> <div class=3DB2 style=3D'mso-margin-left-alt:816'></div> <div class=3DB3 style=3D'mso-margin-left-alt:1080'></div> <div class=3DB4 style=3D'mso-margin-left-alt:1368'></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:36.5= %; left:9.36%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>1.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>True </span></span></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:44.0= %; left:9.36%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>2.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>False</span></s

MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_NextPart_01C77526.F67888D0" This document is a Web archive file. If you are seeing this message, this means your browser or editor doesn't support Web archive files. For more information on the Web archive format, go to http://officeupdate.microsoft.com/office/webarchive.htm ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" Economic Security and the Economics of Life and Health Insurance</ti= tle>  <link rel=3DPresentation-XML href=3D"retirement_files/pres.xml"> <meta name=3DDescription content=3D"4/2/2007: Retirement plans"> <meta http-equiv=3Dexpires content=3D0> <![if !ppt]><script>  </script> <![endif]> </head> <body> <script></script><font face=3DArial size=3D2><b> <p>This presentation contains content that your browser may not be able to = show properly. This presentation was optimized for more recent versions of Micro= soft Internet Explorer.</p> <p>If you would like to proceed anyway, click <a href=3D"retirement_files/frame.htm">here</a>.</p> </b></font><script></script> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\master08.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DRobots content=3DNoIndex> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]><script src=3Dscript.js></script><script>  </script> <![endif]> </head> <body> <div v:shape=3D"_x0000_m1031" class=3DT><span lang=3DEN-US style=3D'mso-far= east-language: ZH-CN'>Click to edit Master title style</span></div> <div v:shape=3D"_x0000_m1032"> <div class=3DB><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Clic= k to edit Master text styles </span></div> <div class=3DB1><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Sec= ond level </span></div> <div class=3DB2><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Thi= rd level </span></div> <div class=3DB3><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Fou= rth level </span></div> <div class=3DB4><span lang=3DEN-US style=3D'mso-fareast-language:ZH-CN'>Fif= th level</span></div> </div> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right'><span la= ng=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;mso-ansi-language:EN-US;mso-field-code:meta0'>‹da= te/time›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center'><span l= ang=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;mso-ansi-language:EN-US;mso-field-code:meta15'>‹f= ooter›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <div v:shape=3D"_x0000_s1039" class=3DO><span lang=3DZH-CN style=3D'font-fa= mily:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:42%; color:white;mso-color-index:0;mso-ansi-language:EN-US;mso-field-code:meta16= '><b>‹#›</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;color:white;mso-color-index:0;mso-fareast-language:ZH-C= N; mso-special-format:lastCR'><b> </b></span></div> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" <xml xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation"> <p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/> <o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"1"/> <o:regrouptable v:ext=3D"edit"> <o:entry new=3D"1" old=3D"0"/> <o:entry new=3D"2" old=3D"0"/> </o:regrouptable> </o:shapelayout><p:colorscheme colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF= "/> <v:background id=3D"_x0000_s1025" o:bwmode=3D"white" fillcolor=3D"white [0= ]"/> <p:shaperange id=3D"_x0000_s1052"> <v:group id=3D"_x0000_s1052" style=3D'position:absolute;left:0;top:0;widt= h:600pt; height:540pt' coordsize=3D"4800,4320"> <v:group id=3D"_x0000_s1050" style=3D'position:absolute;width:2016;heigh= t:4320' coordsize=3D"2016,4320" o:userdrawn=3D"t"> <v:rect id=3D"_x0000_s1027" style=3D'position:absolute;width:480;height= :4320; mso-wrap-style:none;v-text-anchor:middle' o:regroupid=3D"2" o:userdraw= n=3D"t" fillcolor=3D"#9c9 [5]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:rect><v:shape id=3D"_x0000_s1048" style=3D'position:absolute;left:2= 88; width:1728;height:735;mso-wrap-style:none;mso-wrap-distance-left:0; mso-wrap-distance-top:0;mso-wrap-distance-right:0; mso-wrap-distance-bottom:0;v-text-anchor:top' coordsize=3D"1728,735" o:userdrawn=3D"t" path=3D"m1728,r,480l380,482r-26,-2l308,489v-18,9,-45= ,24,-62,42c229,549,215,574,206,597v-9,23,-12,46,-14,69l192,735,,735,,480,,,= 1728,xe" fillcolor=3D"#9c9 [5]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:stroke joinstyle=3D"miter"/> <v:shadow color=3D"#669 [2]"/> <v:path arrowok=3D"t"/> </v:shape></v:group><v:group id=3D"_x0000_s1045" style=3D'position:abso= lute; left:144;top:1248;width:4656;height:201' coordorigin=3D"144,1248" coordsize=3D"4656,201"> <v:roundrect id=3D"_x0000_s1036" style=3D'position:absolute;left:384;to= p:1248; width:4416;height:200;mso-wrap-style:none;v-text-anchor:middle' arcsiz= e=3D"0" fillcolor=3D"#036 [6]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:roundrect><v:shapetype id=3D"_x0000_t135" coordsize=3D"21600,21600"= o:spt=3D"135" path=3D"m10800,qx21600,10800,10800,21600l,21600,,xe"> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect" textboxrect=3D"0,= 3163,18437,18437"/> </v:shapetype><v:shape id=3D"_x0000_s1044" type=3D"#_x0000_t135" style= =3D'position:absolute; left:144;top:1248;width:248;height:201;flip:x;mso-wrap-style:none; mso-wrap-distance-left:0;mso-wrap-distance-right:0;v-text-anchor:middl= e' fillcolor=3D"#036 [6]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:shape></v:group></v:group></p:shaperange> <p:shaperange id=3D"_x0000_m1031"> <v:shapetype id=3D"_x0000_m1031" style=3D'position:absolute;left:60pt;top= :60pt; width:624pt;height:90pt;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"2" adj=3D"4680" path=3D"m@0,qx0@0l0@2qy@0,21600l@= 1,21600qx21600@2l21600@0qy@1,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1= ]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:formulas> <v:f eqn=3D"val #0"/> <v:f eqn=3D"sum width 0 #0"/> <v:f eqn=3D"sum height 0 #0"/> <v:f eqn=3D"prod @0 2929 10000"/> <v:f eqn=3D"sum width 0 @3"/> <v:f eqn=3D"sum height 0 @3"/> <v:f eqn=3D"val width"/> <v:f eqn=3D"val height"/> <v:f eqn=3D"prod width 1 2"/> <v:f eqn=3D"prod height 1 2"/> </v:formulas> <v:path gradientshapeok=3D"t" limo=3D"10800,10800" o:connecttype=3D"cust= om" o:connectlocs=3D"@8,0;0,@9;@8,@7;@6,@9" textboxrect=3D"@3,@3,@4,@5"/> <v:handles> <v:h position=3D"#0,topLeft" switch=3D"" xrange=3D"0,10800"/> </v:handles> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"title"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_m1032"> <v:shapetype id=3D"_x0000_m1032" style=3D'position:absolute;left:66pt;top= :186pt; width:605.75pt;height:293.25pt' coordsize=3D"21600,21600" o:master=3D"" = o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" s= troked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"body" position=3D"1"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1037"> <v:shapetype id=3D"_x0000_s1037" style=3D'position:absolute;left:192pt;to= p:492pt; width:167.75pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"dateTime" position=3D"2" size=3D"half"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1038"> <v:shapetype id=3D"_x0000_s1038" style=3D'position:absolute;left:456pt;to= p:492pt; width:228.125pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"footer" position=3D"3" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1039"> <v:shapetype id=3D"_x0000_s1039" style=3D'position:absolute;left:6.625pt;= top:491.5pt; width:46.25pt;height:38.5pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom-center' coordsize=3D"2160= 0,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"slideNumber" position=3D"4" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s1053"> <v:shapetype id=3D"_x0000_t75" coordsize=3D"21600,21600" o:spt=3D"75" o:preferrelative=3D"t" path=3D"m@4@5l@4@11@9@11@9@5xe" filled=3D"f" stro= ked=3D"f"> <v:stroke joinstyle=3D"miter"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"= /> <o:lock v:ext=3D"edit" aspectratio=3D"t"/> </v:shapetype><v:shape id=3D"_x0000_s1053" type=3D"#_x0000_t75" href=3D"javascript:parent.GoToSld('slide0002.htm');" style=3D'position:a= bsolute; left:690pt;top:510pt;width:13.5pt;height:13.5pt' o:userdrawn=3D"t"> <v:fill o:detectmouseclick=3D"t"/> <v:imagedata src=3D"master08_image001.gif" o:title=3D"ipp_0005"/> <p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"257,2,Objectiv= es"/> </v:shape></p:shaperange> </xml> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/preview.wmf Content-Transfer-Encoding: base64 Content-Type: image/x-wmf AQAJAAADMgUAAAYACgEAAAAABAAAAAMBCAAFAAAACwIAAAAABQAAAAwC3QXRBwMAAAAeAAcAAAD8 AgAA////AAAABAAAAC0BAAAIAAAA+gIFAAAAAAD///8ABAAAAC0BAQAOAAAAJAMFAP///////9wF 0AfcBdAH////////CAAAAPoCAAAAAAAAAAAAAAQAAAAtAQIABAAAAC0BAAAEAAAAJwH//wMAAAAe AAcAAAD8AgAAmcyZAAAABAAAAC0BAwAEAAAALQEBAA4AAAAkAwUA////////3AXoA9wF6AP///// //8EAAAALQECAAQAAAAtAQAABAAAACcB//8EAAAA8AEDAAMAAAAeAAcAAAD8AgAA////AAAABAAA AC0BAwAEAAAABgEBAAQAAAAtAQEACgEAACQDgwBmAdgAWwHZAFEB2QBGAdsAPAHcADIB3wAoAeIA HgHlABUB6QAMAe0AAwHxAPoA9gDxAPwA6QACAeEACAHaAA4B0wAVAcwAHAHFACQBvwAsAbkANAG0 AD0BrwBFAaoATgGmAFcBogBhAZ8AawGcAHQBmgB/AZgAiQGXAJMBlgCeAZYAqQGWALMBlwC+AZgA yAGaANMBnADdAZ8A5wGiAPABpgD6AaoAAwKvAAwCtAAVArkAHQK/ACUCxQAtAswANQLTADwC2gBD AuEASQLpAFAC8QBVAvoAWwIDAWACDAFkAhUBaQIeAWwCKAFwAjIBcgI8AXUCRgF2AlEBeAJbAXkC ZgF5AjMEeQI9BHkCSAR4AlIEdgJdBHUCZwRyAnEEcAJ6BGwChARpAo0EZAKWBGACnwRbAqcEVQKv BFACtwRJAr8EQwLGBDwCzQQ1AtMELQLaBCUC3wQdAuUEFQLqBAwC7gQDAvME+gH2BPAB+gTmAfwE 3QH/BNMBAAXIAQIFvgEDBbMBAwWpAQMFngECBZMBAAWJAf8EfwH8BHQB+gRrAfYEYQHzBFcB7gRO AeoERQHlBD0B3wQ0AdoELAHTBCQBzQQcAcYEFQG/BA4BtwQIAa8EAgGnBPwAnwT2AJYE8QCNBO0A hATpAHoE5QBwBOIAZwTfAF0E3ABSBNsASATZAD0E2AAzBNgAZgHYAAQAAAAtAQIABAAAAAYBAQAE AAAALQEAAAQAAAAnAf//BAAAAPABAwADAAAAHgAHAAAA/AIAAAAzZgAAAAQAAAAtAQMABAAAAAYB AQAEAAAALQEBABYAAAAkAwkADgctBA4HLQQOB3IEDgdyBBoDcgQaA3IEGgMtBBoDLQQOBy0EBAAA AC0BAgAEAAAABgEBAAQAAAAtAQAABAAAACcB//8DAAAAHgAEAAAALQEDAAQAAAAGAQEABAAAAC0B AQBEAAAAJAMgACgHLQQrBy0ELgcuBDEHLwQzBzAENgcxBDgHMwQ6BzUEPAc3BEAHPARCB0IEQwdG BEQHSQREB0wERQdQBEQHUwREB1cEQwdaBEIHXQRAB2MEPAdpBDoHawQ4B20ENgdvBDMHcAQxB3EE LgdyBCsHcwQoB3MEDAdzBAwHLQQoBy0EBAAAAC0BAgAEAAAABgEBAAQAAAAtAQAABAAAACcB//8c AAAA+wLk/wAAAAAAAJABAAAAAABAAABBcmlhbAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAQA AAAtAQQABAAAAC4BGAAEAAAAAgEBAAUAAAAJAv///wINAAAAMgquBWQDBAAAADIwMDcQAA8ADwAQ AAQAAAAuAQAAHAAAAPsCEAAHAAAAAAC8AgAAAIYBAgIiU3lzdGVtAAAAAAAAGAAAAHBpEwACAAAA 5AQAAAAAAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQAQAAAAAAQAAAQXJpYWwAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8C CQAAADIKrgWiAwEAAAAtAAkABAAAAC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQ AQAAAAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgA BAAAAAIBAQAFAAAACQL///8CCQAAADIKrgWrAwEAAAA0ABAABAAAAC4BAAAEAAAALQEFAAQAAADw AQQAHAAAAPsC5P8AAAAAAACQAQAAAAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8CCQAAADIKrgW7AwEAAAAtAAgABAAA AC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQAQAAAAAAQAAAQXJpYWwAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8CCQAA ADIKrgXDAwEAAAAyABAABAAAAC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsC5P8AAAAAAACQAQAA AAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAA AAIBAQAFAAAACQIAM2YCJwAAADIKrgU/BhUAAABjb3B5cmlnaHQgbWFjbWlubi5vcmcADgAPABAA DQAJAAYAEAAQAAgABwAYAA8ADQAYAAYADwAQAAgADwAJABAABAAAAC4BAAAEAAAALQEFAAQAAADw AQQAHAAAAPsC5P8AAAAAAAC8AgAAAAAAQAAAQXJpYWwAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQL///8CCQAAADIKsgUlAAEAAAAxABAABAAA AC4BAAAEAAAALQEFAAQAAADwAQQAHAAAAPsCnP8AAAAAAAC8AgAAAAAAQAAAQXJpYWwAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAALQEEAAQAAAAuARgABAAAAAIBAQAFAAAACQIAM2YCHwAA ADIKywGEAhAAAABSZXRpcmVtZW50IHBsYW5zSAA4ACEAHAAnADgAWQA4AD0AIQAcAD0AGwA4AD0A OAAEAAAALgEAAAQAAAAtAQUABAAAAPABBAAcAAAA+wLZ/wAAAAAAAJABAAAAAABAAABBcmlhbAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAQAAAAtAQQABAAAAC4BGAAEAAAAAgEBAAUAAAAJAgAz ZgIeAAAAMgr8Ax0FDwAAAFJpY2hhcmQgTWFjTWlubnMcAAkAFAAVABYADQAVAAsAIAAWABMAIQAI ABYAFgAEAAAALgEAAAQAAAAtAQUABAAAAPABBAAIAAAA+gIAAAEAAAAAM2YCBAAAAC0BBAAFAAAA FAIABB0FBQAAABMCAARMBgQAAAAtAQIABAAAAPABBAADAAAAAAA= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08_image001.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhDwAPAHcAACH/C01TT0ZGSUNFOS4wGAAAAAxtc09QTVNPRkZJQ0U5LjAgJPn1cgAh/wtN U09GRklDRTkuMBgAAAAMY21QUEpDbXAwNzEyAAAAA0gAc7wAIfkEAQAAAAAsAAAAAA8ADwCEwMDA a2s5Y2Mxc3M5a2sxhIxKc3tCe4RCa3M5e4RKjJxShJRSe4xKc4RCnLVjlK1ajKValK1jrc57pcZz nL1rrdZ7td6EAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAABXwgIIrRAynLqAJUS0XQUhwrNd2t uSTGaEsVHGzBMCBEtool+IoVjIDIryKZNHeHgODhsOEcERQPIYBEui1wjHEYEAgKc2RuEhsFgsUi DunrEw0GWgQABXqHBQltAQQCIgmQiZAGA1p4IwaZmQMIg44qCJ0BlpcrIo14hCohADs= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\master09.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DRobots content=3DNoIndex> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]><script src=3Dscript.js></script><script>  </script> <![endif]> </head> <body> <div v:shape=3D"_x0000_s8194" class=3DO style=3D'text-align:center'><span l= ang=3DZH-CN style=3D'font-family:SimSun;mso-ascii-font-family:"Times New Roman";mso-far= east-font-family: SimSun;mso-hansi-font-family:"Times New Roman";layout-flow:vertical;mso-ans= i-language: EN-US;mso-special-format:lastCR'> </span></div> <div v:shape=3D"_x0000_s8195" class=3DO style=3D'text-align:center'><span l= ang=3DZH-CN style=3D'font-family:SimSun;mso-ascii-font-family:"Times New Roman";mso-far= east-font-family: SimSun;mso-hansi-font-family:"Times New Roman";layout-flow:vertical;mso-ans= i-language: EN-US;mso-special-format:lastCR'> </span></div> <div v:shape=3D"_x0000_m8197" class=3DCB><span lang=3DEN-US style=3D'mso-fa= reast-language: ZH-CN'>Click to edit Master </span><span lang=3DEN-US style=3D'mso-fareast-= language: ZH-CN'>subtitle style</span></div> <div v:shape=3D"_x0000_s8206" class=3DO style=3D'text-align:right'><span la= ng=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta0'>‹date/time›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-f= amily: Arial;font-size:42%;color:white;mso-color-index:0;mso-fareast-language:ZH-C= N; mso-special-format:lastCR'> </span></div> <div v:shape=3D"_x0000_s8207" class=3DO style=3D'text-align:right'><span la= ng=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-hansi-font-fa= mily: Arial;font-size:42%;mso-ansi-language:EN-US;mso-field-code:meta15'>‹f= ooter›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <div v:shape=3D"_x0000_s8209" class=3DO><span lang=3DZH-CN style=3D'font-fa= mily:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:42%; color:white;mso-color-index:0;mso-ansi-language:EN-US;mso-field-code:meta16= '><b>‹#›</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:42%;color:white;mso-color-index:0;mso-fareast-language:ZH-C= N; mso-special-format:lastCR'><b> </b></span></div> <div v:shape=3D"_x0000_m8211" class=3DCT><span lang=3DEN-US style=3D'mso-fa= reast-language: ZH-CN'>Click to edit Master title style</span></div> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" <xml xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation"> <p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/> <o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"8"/> <o:regrouptable v:ext=3D"edit"> <o:entry new=3D"1" old=3D"0"/> <o:entry new=3D"2" old=3D"0"/> </o:regrouptable> </o:shapelayout><p:colorscheme colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF= "/> <v:background id=3D"_x0000_s8193" o:bwmode=3D"white" fillcolor=3D"white [0= ]"/> <p:shaperange id=3D"_x0000_s8213"> <v:group id=3D"_x0000_s8213" style=3D'position:absolute;left:0;top:0;widt= h:462pt; height:540pt' coordsize=3D"3696,4320"> <v:rect id=3D"_x0000_s8194" style=3D'position:absolute;width:2880;height= :4320; mso-wrap-style:none;v-text-anchor:middle' o:regroupid=3D"2" fillcolor= =3D"#9c9 [5]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:rect><v:roundrect id=3D"_x0000_s8195" style=3D'position:absolute;lef= t:432; top:624;width:3264;height:1200;mso-wrap-style:none;v-text-anchor:middle' arcsize=3D".5" o:bwmode=3D"white" o:regroupid=3D"2" fillcolor=3D"white = [0]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:roundrect></v:group></p:shaperange> <p:shaperange id=3D"_x0000_s8210"> <v:group id=3D"_x0000_s8210" style=3D'position:absolute;left:286pt;top:38= 5pt; width:384pt;height:25.125pt' coordorigin=3D"2288,3080" coordsize=3D"3072= ,201" o:regroupid=3D"2"> <v:roundrect id=3D"_x0000_s8204" style=3D'position:absolute;left:2288;to= p:3080; width:2914;height:200;flip:x;mso-wrap-style:none;v-text-anchor:middle' arcsize=3D"0" o:regroupid=3D"1" fillcolor=3D"#036 [6]" stroked=3D"f" st= rokecolor=3D"#036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:roundrect><v:shapetype id=3D"_x0000_t135" coordsize=3D"21600,21600" = o:spt=3D"135" path=3D"m10800,qx21600,10800,10800,21600l,21600,,xe"> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect" textboxrect=3D"0,3= 163,18437,18437"/> </v:shapetype><v:shape id=3D"_x0000_s8205" type=3D"#_x0000_t135" style= =3D'position:absolute; left:5196;top:3080;width:164;height:201;mso-wrap-style:none; mso-wrap-distance-left:0;mso-wrap-distance-right:0;v-text-anchor:middle' o:regroupid=3D"1" fillcolor=3D"#036 [6]" stroked=3D"f" strokecolor=3D"#= 036 [1]"> <v:shadow color=3D"#669 [2]"/> </v:shape></v:group></p:shaperange> <p:shaperange id=3D"_x0000_m8197"> <v:shapetype id=3D"_x0000_m8197" style=3D'position:absolute;left:368pt;to= p:230.5pt; width:316pt;height:143.5pt;v-text-anchor:bottom' coordsize=3D"21600,2160= 0" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"subTitle" position=3D"1"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s8206"> <v:shapetype id=3D"_x0000_s8206" style=3D'position:absolute;left:192pt;to= p:492pt; width:167.75pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"dateTime" position=3D"2" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s8207"> <v:shapetype id=3D"_x0000_s8207" style=3D'position:absolute;left:456pt;to= p:492pt; width:228.125pt;height:37.375pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"footer" position=3D"3" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_s8209"> <v:shapetype id=3D"_x0000_s8209" style=3D'position:absolute;left:6pt;top:= 492pt; width:46.25pt;height:38.5pt;mso-wrap-distance-left:0; mso-wrap-distance-right:0;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"slideNumber" position=3D"4" size=3D"quarter"/> </v:shapetype></p:shaperange> <p:shaperange id=3D"_x0000_m8211"> <v:shapetype id=3D"_x0000_m8211" style=3D'position:absolute;left:54pt;top= :78pt; width:9in;height:150pt;mso-wrap-distance-left:0;mso-wrap-distance-right:= 0; v-text-anchor:middle' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"2= " adj=3D"10800" path=3D"m@0,qx0@0l0@2qy@0,21600l@1,21600qx21600@2l21600@0qy@1,xe" filled= =3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke o:forcedash=3D"t"/> <v:shadow color=3D"#669 [2]"/> <v:formulas> <v:f eqn=3D"val #0"/> <v:f eqn=3D"sum width 0 #0"/> <v:f eqn=3D"sum height 0 #0"/> <v:f eqn=3D"prod @0 2929 10000"/> <v:f eqn=3D"sum width 0 @3"/> <v:f eqn=3D"sum height 0 @3"/> <v:f eqn=3D"val width"/> <v:f eqn=3D"val height"/> <v:f eqn=3D"prod width 1 2"/> <v:f eqn=3D"prod height 1 2"/> </v:formulas> <v:path gradientshapeok=3D"t" limo=3D"10800,10800" o:connecttype=3D"cust= om" o:connectlocs=3D"@8,0;0,@9;@8,@7;@6,@9" textboxrect=3D"@3,@3,@4,@5"/> <v:handles> <v:h position=3D"#0,topLeft" switch=3D"" xrange=3D"0,10800"/> </v:handles> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"centerTitle" size=3D"quarter"/> </v:shapetype></p:shaperange> </xml> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master02.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\master02.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DRobots content=3DNoIndex> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]><script src=3Dscript.js></script><script>  </script> <![endif]><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"113"/> </o:shapelayout> </head> <body> <p:colorscheme colors=3D"#FFFFFF,#000000,#808080,#000000,#BBE0E3,#333399,#009999,#99CC00"= /><v:background id=3D"_x0000_s115713" o:bwmode=3D"white" fillcolor=3D"white [0]"> <v:fill color2=3D"#339 [5]"/> </v:background><v:shapetype id=3D"_x0000_s115714" style=3D'position:absolut= e; left:0;top:0;width:234pt;height:35.875pt' coordsize=3D"21600,21600" o:mast= er=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#= bbe0e3 [4]" stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"header" size=3D"quarter"/></v:shapetype> <div v:shape=3D"_x0000_s115714" class=3DO><span lang=3DZH-CN style=3D'font-= family:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:50%; mso-ansi-language:EN-US;mso-field-code:meta14'>‹header›</span><= span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <v:shapetype id=3D"_x0000_s115715" style=3D'position:absolute;left:305.875p= t;top:0; width:234pt;height:35.875pt' coordsize=3D"21600,21600" o:master=3D"" o:spt= =3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" fillcolor=3D"#bbe0e3 [4]" = stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"dateTime" position=3D"1" size=3D"quarter"/></v:shap= etype> <div v:shape=3D"_x0000_s115715" class=3DO style=3D'text-align:right'><span lang=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-= hansi-font-family: Arial;font-size:50%;mso-ansi-language:EN-US;mso-field-code:meta0'>‹da= te/time›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <v:shapetype id=3D"_x0000_s115716" style=3D'position:absolute;left:0;top:68= 1.875pt; width:234pt;height:35.875pt;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" = fillcolor=3D"#bbe0e3 [4]" stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"footer" position=3D"2" size=3D"quarter"/></v:shapet= ype> <div v:shape=3D"_x0000_s115716" class=3DO><span lang=3DZH-CN style=3D'font-= family:Arial; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:50%; mso-ansi-language:EN-US;mso-field-code:meta15'>‹footer›</span><= span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> <v:shapetype id=3D"_x0000_s115717" style=3D'position:absolute;left:305.875p= t;top:681.875pt; width:234pt;height:35.875pt;v-text-anchor:bottom' coordsize=3D"21600,21600" o:master=3D"" o:spt=3D"1" path=3D"m,l,21600r21600,l21600,xe" filled=3D"f" = fillcolor=3D"#bbe0e3 [4]" stroked=3D"f" strokecolor=3D"black [1]"> <v:fill color2=3D"white [0]" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"t"/> <v:shadow color=3D"gray [2]"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" grouping=3D"t"/> <p:placeholder type=3D"slideNumber" position=3D"3" size=3D"quarter"/></v:s= hapetype> <div v:shape=3D"_x0000_s115717" class=3DO style=3D'text-align:right'><span lang=3DZH-CN style=3D'font-family:Arial;mso-fareast-font-family:SimSun;mso-= hansi-font-family: Arial;font-size:50%;mso-ansi-language:EN-US;mso-field-code:meta16'>‹#= ›</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:50%;mso-fareast-language:ZH-CN;mso-special-format:lastCR'>&= #13;</span></div> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/pres.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" <xml xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation"> <p:presentation sizeof=3D"screen" notessizey=3D"5743" gridspacingx=3D"4915= 2" gridspacingy=3D"49152"> <p:master id=3D"8" slidesn=3D"1C415C0,B57D7A20" type=3D"main" href=3D"mas= ter08.htm" xmlhref=3D"master08.xml" template=3D"Capsules" layout=3D"title_body" slots=3D"title,body,dateTime,footer,slideNumber"> <p:schemes> <p:colorscheme colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC9= 9FF"/> <p:colorscheme colors=3D"#FFFFFF,#000000,#808000,#000000,#FFCC99,#99CC00,#336600,#FFC= C00"/> <p:colorscheme colors=3D"#6699FF,#FFFFFF,#006699,#FFFFFF,#33CCCC,#006699,#99CC00,#FFF= FCC"/> <p:colorscheme colors=3D"#FFFFFF,#000000,#006600,#9900CC,#33CC33,#FFCC66,#0033CC,#CC0= 066"/> <p:colorscheme colors=3D"#336699,#FFFFFF,#000066,#FFFFEB,#99CCFF,#9999FF,#CCCCFF,#C68= DFF"/> <p:colorscheme colors=3D"#006666,#FFFFFF,#808000,#FFFFFF,#FFCC66,#00ACA8,#CCCC00,#33C= CCC"/> <p:colorscheme colors=3D"#660033,#FFFFFF,#FFFFCC,#FFFFFF,#FF9900,#CC3300,#FFCC00,#FFC= C99"/> <p:colorscheme colors=3D"#000000,#FFFFFF,#FF0000,#FFFFFF,#FFCC00,#CC3300,#FF6600,#FF7= C80"/> </p:schemes> </p:master> <p:master id=3D"9" slidesn=3D"1C415C0,B57D7A20" type=3D"title" href=3D"ma= ster09.htm" xmlhref=3D"master09.xml" layout=3D"title_subtitle" slots=3D"centerTitle,subTitle,dateTime,footer,slideNumber"/> <p:master id=3D"1" slidesn=3D"1C3DAB8,921FEFB0" type=3D"notes" href=3D"ma= ster01.htm" layout=3D"notes" slots=3D"header,dateTime,slideImage,body,footer,slideNu= mber"/> <p:master id=3D"2" slidesn=3D"1C3DAED,1E6B03E0" type=3D"handout" href=3D"= master02.htm" layout=3D"handout" slots=3D"header,dateTime,footer,slideNumber"/> <p:slide id=3D"1" slidesn=3D"1C3D6CC,72E1A9D0" href=3D"slide0001.htm" masterhref=3D"master09.htm" layout=3D"title_subtitle" slots=3D"centerTitle,subTitle"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:headersfooters slidenumber=3D"t" footerstr=3D"copyright macminn.org" formatid=3D"0" nouserdate=3D"t" noheader=3D"t" todaydate=3D"t"/> </p:slide> <p:slide id=3D"2" slidesn=3D"1C3D6CC,A85DFC30" href=3D"slide0002.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"38" slidesn=3D"1C4198F,D1E52690" href=3D"slide0038.htm" layout=3D"column_2_rows" slots=3D"title,body,object,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"47" slidesn=3D"1C53925,778C6530" href=3D"slide0047.htm" layout=3D"2_columns" slots=3D"title,body,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"39" slidesn=3D"1C41990,4DEB7C80" href=3D"slide0039.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"40" slidesn=3D"1C41994,5C2B91F0" href=3D"slide0040.htm" layout=3D"column_2_rows" slots=3D"title,body,object,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"41" slidesn=3D"1C41995,AF1DBE00" href=3D"slide0041.htm" layout=3D"2_columns" slots=3D"title,body,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"42" slidesn=3D"1C41995,AF1DBE00" href=3D"slide0042.htm" layout=3D"title_body" slots=3D"title,body" overridemasteranimations=3D"t= "> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"43" slidesn=3D"1C41995,AF1DBE00" href=3D"slide0043.htm" layout=3D"title_body" slots=3D"title,body" overridemasteranimations=3D"t= "> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"44" slidesn=3D"1C419A7,D3419560" href=3D"slide0044.htm" layout=3D"2_columns" slots=3D"title,body,object"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"46" slidesn=3D"1C419A7,D3419560" href=3D"slide0046.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"45" slidesn=3D"1C419A8,2F2AF100" href=3D"slide0045.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"NOPREFERENCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> </p:slide> <p:slide id=3D"52" slidesn=3D"1C7753F,556F5EA0" href=3D"slide0052.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"55AA384CA85A4BAAB84FB027A055A011"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"55AA384CA85A4BAAB84FB02= 7A055A011"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"Longevity risk is the risk of outliving your accumulated wealt= h."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:slide id=3D"49" slidesn=3D"1C7753D,F23F2D70" href=3D"slide0049.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"5CB86AED2D5642249FC8B80DBCA07F27"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"5CB86AED2D5642249FC8B80= DBCA07F27"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"A defined benefit plan covers longevity risk."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:slide id=3D"50" slidesn=3D"1C7753E,3003B540" href=3D"slide0050.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"5BD73F0063AD40F9A4A68DBBA8F3B6DD"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"5BD73F0063AD40F9A4A68DB= BA8F3B6DD"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"Employers are using defined contribution plans more than defin= ed benefit plans."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:slide id=3D"51" slidesn=3D"1C7753E,BD2A0BE0" href=3D"slide0051.htm" layout=3D"title_body" slots=3D"title,body"> <p:tag name=3D"SLIDEGUID" type=3D"string" value=3D"091F16BC5B414F30AE7047D92FE7FE4B"/> <p:tag name=3D"SLIDEID" type=3D"string" value=3D"091F16BC5B414F30AE7047D= 92FE7FE4B"/> <p:tag name=3D"SLIDEORDER" type=3D"string" value=3D"1"/> <p:tag name=3D"SLIDETYPE" type=3D"string" value=3D"Q"/> <p:tag name=3D"DEMOGRAPHIC" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMASSIGN" type=3D"string" value=3D"False"/> <p:tag name=3D"SPEEDSCORING" type=3D"string" value=3D"False"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"QUESTIONALIAS" type=3D"string" value=3D"The PBGC insures both defined benefit and defined contribution= plans."/> <p:tag name=3D"ANSWERSALIAS" type=3D"string" value=3D"True|smicln|False"= /> </p:slide> <p:viewstate type=3D"slideView" scale=3D"66" restoredleft=3D"156" restore= dtop=3D"834" manualadjustleft=3D"t" manualadjusttop=3D"t" hideoutlineicons=3D"t"/> <p:tag name=3D"USESECONDARYMONITOR" type=3D"string" value=3D"True"/> <p:tag name=3D"BULLETTYPE" type=3D"string" value=3D"3"/> <p:tag name=3D"RESPCOUNTERSTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"INPUTSOURCE" type=3D"string" value=3D"1"/> <p:tag name=3D"BACKUPSESSIONS" type=3D"string" value=3D"True"/> <p:tag name=3D"REVIEWONLY" type=3D"string" value=3D"False"/> <p:tag name=3D"PARTICIPANTSINLEADERBOARD" type=3D"string" value=3D"5"/> <p:tag name=3D"BUBBLESIZEVISIBLE" type=3D"string" value=3D"True"/> <p:tag name=3D"CUSTOMGRIDBACKCOLOR" type=3D"string" value=3D"-2830136"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR3" type=3D"string" value=3D"-268652"/> <p:tag name=3D"DISPLAYDEVICENUMBER" type=3D"string" value=3D"True"/> <p:tag name=3D"AUTOSIZEGRID" type=3D"string" value=3D"True"/> <p:tag name=3D"CHARTCOLORS" type=3D"string" value=3D"0"/> <p:tag name=3D"MULTIRESPDIVISOR" type=3D"string" value=3D"1"/> <p:tag name=3D"CORRECTPOINTVALUE" type=3D"string" value=3D"100"/> <p:tag name=3D"ADDINALWAYSLOADED" type=3D"string" value=3D"False"/> <p:tag name=3D"TPVERSION" type=3D"string" value=3D"2006"/> <p:tag name=3D"DEFAULTPORT" type=3D"string" value=3D"1001"/> <p:tag name=3D"COUNTDOWNSTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"USEENTERPRISEMANAGER" type=3D"string" value=3D"False"/> <p:tag name=3D"CHARTVALUEFORMAT" type=3D"string" value=3D"0%"/> <p:tag name=3D"STDCHART" type=3D"string" value=3D"1"/> <p:tag name=3D"BUBBLEVALUEFORMAT" type=3D"string" value=3D"0.0"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR1" type=3D"string" value=3D"-657956"/> <p:tag name=3D"DISPLAYNAME" type=3D"string" value=3D"True"/> <p:tag name=3D"GRIDSIZE" type=3D"string" value=3D"{Width=3D800, Height=3D= 600}"/> <p:tag name=3D"RESETCHARTS" type=3D"string" value=3D"True"/> <p:tag name=3D"ALLOWUSERFEEDBACK" type=3D"string" value=3D"True"/> <p:tag name=3D"ZEROBASED" type=3D"string" value=3D"False"/> <p:tag name=3D"EXPANDSHOWBAR" type=3D"string" value=3D"True"/> <p:tag name=3D"ANSWERNOWTEXT" type=3D"string" value=3D"Answer Now"/> <p:tag name=3D"NUMRESPONSES" type=3D"string" value=3D"1"/> <p:tag name=3D"ROTATIONINTERVAL" type=3D"string" value=3D"2"/> <p:tag name=3D"BUBBLENAMEVISIBLE" type=3D"string" value=3D"True"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR2" type=3D"string" value=3D"-13395457"/> <p:tag name=3D"GRIDOPACITY" type=3D"string" value=3D"90"/> <p:tag name=3D"CHARTLABELS" type=3D"string" value=3D"0"/> <p:tag name=3D"INCORRECTPOINTVALUE" type=3D"string" value=3D"0"/> <p:tag name=3D"CHARTSCALE" type=3D"string" value=3D"True"/> <p:tag name=3D"ANSWERNOWSTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"ALLOWDUPLICATES" type=3D"string" value=3D"False"/> <p:tag name=3D"TEAMSINLEADERBOARD" type=3D"string" value=3D"5"/> <p:tag name=3D"CUSTOMCELLFORECOLOR" type=3D"string" value=3D"-16777216"/> <p:tag name=3D"GRIDROTATIONINTERVAL" type=3D"string" value=3D"2"/> <p:tag name=3D"PARTLISTDEFAULT" type=3D"string" value=3D"0"/> <p:tag name=3D"AUTOADJUSTPARTRANGE" type=3D"string" value=3D"True"/> <p:tag name=3D"RESPCOUNTERFORMAT" type=3D"string" value=3D"0"/> <p:tag name=3D"AUTOADVANCE" type=3D"string" value=3D"False"/> <p:tag name=3D"DEFAULTNUMTEAMS" type=3D"string" value=3D"5"/> <p:tag name=3D"GRIDPOSITION" type=3D"string" value=3D"1"/> <p:tag name=3D"REALTIMEBACKUP" type=3D"string" value=3D"False"/> <p:tag name=3D"REQUIREPASSWORD" type=3D"string" value=3D"False"/> <p:tag name=3D"AUTOUPDATEALIASES" type=3D"string" value=3D"True"/> <p:tag name=3D"USESCHEMECOLORS" type=3D"string" value=3D"True"/> <p:tag name=3D"INCLUDEPPT" type=3D"string" value=3D"True"/> <p:tag name=3D"RESPTABLESTYLE" type=3D"string" value=3D"-1"/> <p:tag name=3D"BUBBLEGROUPING" type=3D"string" value=3D"3"/> <p:tag name=3D"INCLUDENONRESPONDERS" type=3D"string" value=3D"False"/> <p:tag name=3D"COUNTDOWNSECONDS" type=3D"string" value=3D"10"/> <p:tag name=3D"DISPLAYDEVICEID" type=3D"string" value=3D"True"/> <p:tag name=3D"ENABLEPRESENTERVPAD" type=3D"string" value=3D"False"/> <p:tag name=3D"POLLINGCYCLE" type=3D"string" value=3D"2"/> <p:tag name=3D"MAXRESPONDERS" type=3D"string" value=3D"5"/> <p:tag name=3D"BACKUPMAINTENANCE" type=3D"string" value=3D"7"/> <p:tag name=3D"CUSTOMCELLBACKCOLOR4" type=3D"string" value=3D"-8355712"/> <p:tag name=3D"SHOWBARVISIBLE" type=3D"string" value=3D"True"/> <p:tag name=3D"REALTIMEBACKUPPATH" type=3D"string" value=3D"(None)"/> <p:tag name=3D"DELIMITERS" type=3D"string" value=3D"3.1"/> <p:tag name=3D"INCLUDESESSION" type=3D"string" value=3D"True"/> <p:font name=3D"Arial" charset=3D"0" type=3D"4"/> <p:font name=3D"Wingdings" charset=3D"2" type=3D"6" family=3D"2"/> <p:font name=3D"Times New Roman" charset=3D"0" type=3D"6" family=3D"18"/> <p:headersfooters slidenumber=3D"t" footerstr=3D"copyright macminn.org" formatid=3D"0" nouserdate=3D"t" noheader=3D"t" todaydate=3D"t"/> <p:headersfooters notes=3D"t" slidenumber=3D"t" formatid=3D"0"/> <p:pptdocumentsettings framecolors=3D"WhiteTextOnBlack" hideslideanimatio= n=3D"t" browsersupport=3D"v4"/> </p:presentation> <o:shapedefaults v:ext=3D"edit" spidmax=3D"272388"> <o:colormru v:ext=3D"edit" colors=3D"#3cc,#09c,#b2b2b2,#ddd,black,#f93"/> <o:colormenu v:ext=3D"edit" fillcolor=3D"none [1]" strokecolor=3D"none"/> </o:shapedefaults></xml> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0001.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0001.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Retirement plans"> <link rel=3DStylesheet href=3D"master08_stylesheet.css"> <![if !ppt]> <style> .CB {color:#006666;} .CT {color:#003366;} </style> <style media=3Dprint>  </style> <script src=3Dscript.js></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"66"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master09.xml"> <p:shaperange href=3D"master09.xml#_x0000_s8193"/><![if !ppt]><p:shaperange href=3D"master09.xml#_x0000_s8213"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s8213,_x0000_s8194,_x0000_s8195" src=3D"master09_image0= 02.gif" style=3D'position:absolute;top:0%;left:0%;width:64.41%;height:100.5%'><![e= ndif]><p:shaperange href=3D"master09.xml#_x0000_s8210"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s8210,_x0000_s8204,_x0000_s8205" src=3D"master09_image0= 03.gif" style=3D'position:absolute;top:71.25%;left:39.7%;width:53.55%;height:5.0%'= ><![endif]><p:shaperange href=3D"master09.xml#_x0000_s8206"/> <div v:shape=3D"_x0000_s8206" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;color:white;mso-color-index:0;mso-ansi-language:EN-US;mso-field-code:m= eta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-index:0; mso-fareast-language:ZH-CN;mso-special-format:lastCR;display:none'> </= span></div> <p:shaperange href=3D"master09.xml#_x0000_s8207"/> <div v:shape=3D"_x0000_s8207" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master09.xml#_x0000_s8209"/> <div v:shape=3D"_x0000_s8209" class=3DO style=3D'position:absolute;top:95.= 5%; left:1.87%;width:4.49%;height:2.25%'><span lang=3DZH-CN style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-ind= ex: 0;mso-ansi-language:EN-US;mso-field-code:meta16'><b>1</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-index:0; mso-fareast-language:ZH-CN;mso-special-format:lastCR;display:none'><b> = ;</b></span></div> <![endif]><p:shaperange href=3D"master09.xml#_x0000_m8211"/><v:shape id=3D= "_x0000_s67590" type=3D"#_x0000_m8211" style=3D'position:absolute;left:54pt;top:78pt;widt= h:9in; height:150pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"centerTitle"/></v:shape><p:shaperange href=3D"master09.xml#_x0000_m8197"/><v:shape id=3D"_x0000_s67591" type=3D= "#_x0000_m8197" style=3D'position:absolute;left:368pt;top:330pt;width:316pt;height:44pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"subTitle" position=3D"1"/></v:shape> <div v:shape=3D"_x0000_s67590" class=3DCT style=3D'position:absolute;top:2= 4.5%; left:11.42%;width:82.2%;height:7.75%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Retirement plans</span></div> <div v:shape=3D"_x0000_s67591" class=3DCB style=3D'text-align:center;posit= ion:absolute; top:65.75%;left:52.05%;width:41.94%;height:3.25%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 50%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/"/><a href=3D"http://macminn.org/" target=3D"_= blank" onclick=3D"window.event.cancelBubble=3Dtrue;">Richard MacMinn</a></span><s= pan lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:50%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> </p:slide></div> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Comment on longe= vity risk.</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09_image002.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhWAGSAXcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAABX AZABgQAAAJnMmf///wECAwL/jI+py+0Po5y02ouzlqD7D4biSJZmuaXqyrbuC6fnTNd2GOf6zve+ dgsKh52f8YhMKi3EphO1jEqnVNjzigVUt9yud5ENE7/ksvkoTt/O7LZbpY7P3vS6vSHPk+78/lsP COI3SOgVeKhVqLiohBjICBnJ4wgoaXnJQqmHydnJpCnnKTqKBxpHippqepra6rmq5iqLCZs2extZ K4bLq6gb1hvs95slbGxHjHW87JZ8xQxt5vwUXW043WStXYWdvf291D0GTo4mLlSe7nOOru6ewx70 Pv8Sv0aPD2dfk98PtE/Dn8BPAE8MPMihoEGEDEsphNIwIoKHJiRaNEAR4sWG/xn3bIzYccRHkCFx jGRY0uTJgykFrWTZ0sNLmDETzfRXs8hNnDl38qzps19Om0HnDS2K7yhSoz2XvlPqVB3UqOWmUgVn 9eq2rJcEeP0KNqzYsWTLmj2LNq3atWzbun3rVhcmuHTr2r2LN6/evV5BSeILOLDgwYQLC0DEyLDi xYwbO65EyLHkyZQr080zyLLmzZw7s7rTObTo0Yx3gSaNOrXqu8DqrH4NO3ZaZW9k276N+5kb3Lx7 v3ay27fw4aG9mSGOPLnlcWWUO3/euB0Z6NSrD5Y33br27XjveeEOPvxbG1/Emz+Pll8X9Ozbhw3I xb389vCrzL+Pfs4W/PzFL/+k0l+A4FUEoIAGaqfREgcuWF2CSjAI4XMeRRFhhcqJJIWFGg6HoYIb ftibCBmCSKJtInpYYoqwqZSEii6uxuIRL86Ymkst0ohjcR88mGOPnO14o49CUgakjEMeKVmRRiDJ ZHQ6GdlklITJBKWUVgJG5ZJXbsnXkz9wCWZeXvoQZpl1jcmDmWqOR1QPa77JVptpwknnWXLuUGee ZN2pg55+gsVnDn8OGigMgxKq5aF6FvqCon4y6oKjfiYqKZ2UVvrmpZiqqemmZXbqKZighrrlqKRK CWkLp5qZKgurltmqq69yGesKs9Ja5a1R1qqCrlfymoKvVgK7gbC7ElussUj/ojmnskMyi6ezzyKr gbRCZmmqtSRi+6W2OHLbrbcuKpmtuBWSG66526Kbrrob2oiEu+uCW668/cWYq70M4puvvgKeiKK/ BwIcsMD3EsyjwQcjnLDC9004osPyOdiwxPlRXLHF/mGcscbb/WefxwOCXKDICOoXn8kN1peyys6R V57LF6oXs8zCYZedzbxJl7POsg3Rhs+xMXeG0DASXbTRo1FDh9KeMd2005UVc5rUTtLGh9WK2ZKZ 1oF91rXX3YWSmNhsbhKJ2Wo5wona7/lFitS/aFVVU3R/w9Xd0OSt9zJ8923M34AHI/jgvBRu+C2I Jy7L4oy34vjjqEQu+SiU/1f+it2Y93L55rRo7rnioIfe+OikQ2766ZOnrrrlrLeeOVCwu9L57IXU bvsguOfex+683+H773UEL/wfrxfPCPHIs6H88tIc7zwhzUf/xfTUd2H99Vtkrz0V3HcvxffghwP9 +HSIbz4S6KdvxPrsr1P++2e4L/8O9NcPT/z4V6///tj377/tATCA3hsgAcNnwAOST3YKbMP9GiiD BELQHAycYBkeaEEMYDCDBIkJBy8owQ/aL4QizF8FS8gNEqKwHipcYQs26EIHwDCGDJghDRVgwxtO pIU6/McJe0hBDwKxETwcYgdbYsQk5BCIS+xhE3X4xBtGkYZTjGEVXXjFFf9mEYVbLGEXRfjFD4aR g2PMYBkteMYJphGCa2xgGxX4xgPGkYBzDGAd/XfH/eURf3usXx/l98f3BZJ9g0xfIc13yPElEnyL 7F4jtffI60WSepOMXiWdd8nlZRJ5myxeJ4X3yd+FknejzF0pbXfK2aUSdqtsXStV98rTxZJ0swxd LT13y83lEnO7rFwvJffLxwWTccNMXDENd8zBJRNwy+xbM/X2zLtFk27T1Eo1r3JNqmQzKtt0SjeX 8k2khLMo4wxKOX1yzp2k8ybrnEk7X/LOlcTzJPMcST0/cs+N5PMi+7RIPyXyT5L8MImTKCJBEzLQ g5pQiArtQUA5YtCGyjC3ohKtIUUrisOLYnSHCd3oCh6KEo16NAAgRUhJacLQkbrgpANhqUBc+pOU qjQTIvUoTIVS043eNB87TUpOMdpTegSVKR2daQaG+pSfVhSp7mCqVJQqUaemQ6p1K6pRL0BVcmQV K1Bt6Fbx1lWFfnUrYT3oWLVxVmuktRprjUZb91ZWgr6VGXP1W1yTWNdj5DVwdzXiXoXxV8L1dYiB 5dxgmXhYJyYWiouVYmOp+FgrRhaLk9ViTgoAADs= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master09_image003.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhHgEUAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAAAd ARMAgAAAAAAzZgJnjI+py+0Po5y02ouz3gf4z4XiSJbmiZYfkLbuC8eyCc72jef66O3+DwzmWMKi 8Yi0EJPMprO4fEqn1Kr1is1qt9yu9wsOi8fksvnsjaLXbJK6DY8r5fR6pGfP6w21vT++8ie4tuJR AAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0002.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0002.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Objectives"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"69"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO style=3D'position:absolute;top:95.= 5%; left:3.74%;width:2.8%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-ind= ex: 0;mso-ansi-language:EN-US;mso-field-code:meta16'><b>2</b></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;color:white;mso-color-index:0; mso-fareast-language:ZH-CN;mso-special-format:lastCR;display:none'><b> = ;</b></span></div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s70658" type=3D= "#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s70658" class=3DT style=3D'position:absolute;top:18= .75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Objectives<= /span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s7= 0659" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s70659" class=3DB> <div id=3D"_x0000_s70659_0_47" style=3D'position:absolute;top:35.5%;left:1= 0.11%; width:90.26%;height:12.25%;white-space:nowrap'><span style=3D'position:abs= olute; top:0%;left:4.14%;width:95.85%;height:48.97%'><span class=3DBB style=3D'po= sition: absolute;left:-4.32%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"slideNumber" location=3D"293,3,Private pension plans"/><a href=3D"javascript:parent.GoToSld('slide0038.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Describe pension plans and the emerging </a></span></span><span style=3D'position:a= bsolute; top:51.02%;left:4.14%;width:86.92%;height:48.97%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"293,3,Private pension plans"/><a href=3D"javascript:parent.GoToSld('slide0038.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;">issues</a></span><span lang= =3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s70659_47_89" style=3D'position:absolute;top:49.25%;left= :10.11%; width:94.38%;height:6.0%;white-space:nowrap'><span style=3D'position:absol= ute; top:0%;left:3.96%;width:96.03%;height:100.0%'><span class=3DBB style=3D'po= sition: absolute;left:-4.13%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"slideNumber" location=3D"295,5,Plan design"/><a href=3D"javascript:parent.GoToSld('slide0040.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Note the common features of pension plans</a></span><span lang=3DEN-US style=3D'fon= t-family: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fare= ast-language: ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s70659_89_148" style=3D'position:absolute;top:56.75%;lef= t:10.11%; width:97.75%;height:12.25%;white-space:nowrap'><span style=3D'position:abs= olute; top:0%;left:3.83%;width:96.16%;height:48.97%'><span class=3DBB style=3D'po= sition: absolute;left:-3.98%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"slideNumber" location=3D"296,6,Plan finance"/><a href=3D"javascript:parent.GoToSld('slide0041.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Describe the methods used to finance private </a></span></span><span style=3D'posit= ion: absolute;top:48.97%;left:3.83%;width:80.26%;height:48.97%'><span lang=3DEN= -US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"296,6,Plan finance"/><a href=3D"javascript:parent.GoToSld('slide0041.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;">pension funds</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div id=3D"_x0000_s70659_148_197" style=3D'position:absolute;top:70.25%; left:10.11%;width:91.94%;height:12.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.07%;width:95.92%;height:48.97%'><= span class=3DBB style=3D'position:absolute;left:-4.24%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"299,9,Insured pension contracts"/><a href=3D"javascript:parent.GoToSld('slide0044.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Describe the risks associated with pension </a></span></span><span style=3D'positio= n: absolute;top:51.02%;left:4.07%;width:85.33%;height:48.97%'><span lang=3DEN= -US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"slideNumber" location=3D"299,9,Insured pension contracts"/><a href=3D"javascript:parent.GoToSld('slide0044.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;">plans</a></span><span lang= =3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div style=3D'position:absolute;top:84.5%;left:10.11%;width:82.2%;height:5= .5%'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le= ft:-4.77%'>l</span></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div style=3D'position:absolute;top:92.0%;left:10.11%;width:82.2%;height:5= .5%'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le= ft:-4.77%'>l</span></span><span lang=3DZH-CN style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-ansi-language:EN-US;mso-special-format:las= tCR; display:none'> </span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_0_47" attributeName=3D"style.visibilit= y" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_0_47" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_0_47" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_47_89" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_47_89" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_47_89" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_89_148" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_89_148" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_89_148" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s70659_148_197" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_148_197" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s70659_148_197" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s70659" groupID=3D"1" build=3D"b= yParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd= =3D"false"/> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/master08_image004.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhvwGSAXcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAAC9 AZABgQAAAAAzZpnMmQECAwL/lI+py+0Po5y0Wgqy3rz7D4biSJbmiabqyrbcBcfyTNf24ub6zvf+ DzTdhsSi8egIKpfMpvNJQkqn1CoEis1qt1yQ9QsOE7vksvnsEqvX7Aj6DY/D2/R6W47P65v2vr+6 Fyg4uPJneDhEqLjIuIH4CHnROEmpF3mJmVS5yVmW+Qkq0DlKChV6GlmquvqD6nrIGivL8lrbN4ub O2LLe6f7C5zROywWbJxLnGx1zByr/CzVLF0KXV00jc1pvW2T7T3JHS7zTa4ofm5Rrh6I3i6xDo/n Pq8Zb39Gn69wz++p/y+qn0AtAP8NPGiqYD6EDJkoXNgwYquH8yRa5EGx4sWN/y0yuuMIUoXHdiFL Chl5zqRKEShTrnzZoaU4mDQ1yAxXs+ZNbjlp7tzWE+ZPa0FfDq1WdOVRaElVLn3W1ORTZVFLIqqK VaKhrFwb/ukK9uCtsGT72SmL9t7ZtGzV1WkLlxyduHSzza2Ll5mvvHyB7e0LeBabwIQFrymMeNXg xIw7LW4MGdzhyJQXPa6Mec/kzJzzbO4M+s3n0KTJjC6NOsvp1Kz5qGkN+8nq2LQxvq6N28fs3LxT 7O4NPMrt4MRP/C6O3NHw5Mw9HG9e/Dn04NKn965uPTf27LW3c4/t/Xvr8OJTky9f+jz60OrXd27v PjP8+JXn049s/37j/PoT8//vX9h/AAYm4IB9FWhgXggmWNeCDMbl4INtRShhWhRWWNaFGIal4YZd dehhViCGWNWIJDZl4olFpahiTyy2qNNyMOIn44z71WijfzjmGOCOPBLo448HBimkgkQW2eAFASzJ ZJNOPglllFJOSWWVVl6JZZZabslll15+CWaYYo5JZplcWmBmmmquyWabbr4JZ5xyzmllBXTeiWee eu7JZ59+gknBn4IOSmihhh6KaAATJMpoo44+CmmkTEogaaWWXopppmNSqmmnnn4KqqSchkpqqaae KmcEqK7Kaquuaqnqq7LOSiuqo9aKa666Pnrrrr7+CqyevQZLbLHGlrnoscr/LsssloE2C2200Nop bbXWAqvktdpu+2oM3H4LbqgvIsnRuOReZO65Wh2pLlvptsvQu/CKxe68ZMlrr1n15vvhvvyK6O+/ JQYsMIoEF7ziwQi7qPDCMRbjsIUNR2zUxBQ7ZfHFVmWsMUj4djzNxyA3I/LIx5RscjAop/zLyiwj w/HL8cYsM70Q15zwzTgzrPPOD4fhc1AuB00NzUTHM/TRjhmttFtMNy3X01B7k/TUkvVsdblSZy1N 1Vybs/XXJ4cttspkl93y2WjDjPXaCHnttmdqx+3M3HQrZvfdRbett1p5970034DDA/fgZhRuuGl/ J3410Iz7LfjjVC8uOdiR/1ceMuWYC4L45rJp7rkloIcuz+ikx9H56UqkrjoQrLeum+mwHy777Ipf brthuOde9+684+3773s7LrxftRefUPDIa3P88q4p7zwlr0dvXPPUBzH99cJBr73lxHevSvbge2H9 +DuIb35M5aefxvrs0+L++yLFLz8K6Nd/v/z5v78/+/2n/z/zBXB8AwRfAbt3QO0l8HoLpF4Do/dA 50VweRNEXgWLd0HhZfB3G+RdB3P3QduFcHYjhF0JW3dC1aXwdCskXQtD90LPxXBzM8RcDSt3Q8nl 8HE7ZFwPE/dDwwVxcEMEXBH7dkS9JfFuS6RbE+P2RLdFcW1TRFsVy3ZFsf9l8Wtb5FoXs/ZFq4Vx amOEWhmbdkalpfFoayRaG4P2Rp/FcWdzxFkda3ZHmeXxZXtkWR9T9keTBXJkgwRZITt2SI0l8mKL pFgjI/ZIh0VyYZNEWCULdkmBZfJfm+RXJ/P1SXuFcl6jhFcp23VKdaXyXKskVyuR9MoixVJIs/xR LXl0yxzl0ka7nFEvYfTLFgVTRcM8UTFJdMwQJdNDy9xQMzH0zApFU0LTfFA1GXTNBGXTQNscUDcB 9M3+hFM/47xPOelzzvik0z3rXE870fPO8sRTPPP8Tj25c8/s5NM6+5xOP6Hzz+YElDkDTU5BkXPQ 6NCvfifhHkPnsNCH7iJkohINQUKJc1HqULSiH8gocDx6nY1yVH0OHentvmdSzok0pcJYKUtByhuY aselKZUpbmzaHZqaFKe04Sl4dDpSn8JGqOMBKkeJyhqkmseoFVUqapyaHqZKFKqkoSp7pPpQq4Km AAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0038.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Private pension plans"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"219"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>3</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s224258" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s224258" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Private pen= sion plans</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 24259" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:264pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s224259"> <div id=3D"_x0000_s224259_0_9" class=3DHB style=3D'position:absolute;top:3= 5.25%; left:10.11%;width:34.83%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.75%;width:89.24%;height:100.0%'>= <span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -12.04%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Cove= rage </span></span></div> <div id=3D"_x0000_s224259_9_15" class=3DHB style=3D'position:absolute;top:= 40.75%; left:10.11%;width:34.83%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.75%;width:89.24%;height:100.0%'>= <span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -12.04%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'><p:o= nmouseclick hyperlinktype=3D"url" href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq3"/>= <a href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq3" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Plans</a></span><span lang=3DEN-US style=3D'font-family:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:83%; mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s224259_15_31" class=3DHB1 style=3D'position:absolute;to= p:46.0%; left:15.16%;width:29.77%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.69%;width:89.93%;height:100.0%'>= <span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-11.88%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq4"/>= <a href=3D"http://www.ebri.org/publications/benfaq/index.cfm?fa=3Dretfaq4" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Defined Benefit</a></span><span lang=3DEN-US style=3D'font-famil= y:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:90%; mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s224259_31_52" class=3DHB1 style=3D'position:absolute;to= p:50.75%; left:15.16%;width:30.71%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.36%;width:89.63%;height:100.0%'>= <span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-11.56%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Defined Contribution </span></span></div> <div id=3D"_x0000_s224259_52_77" class=3DHB style=3D'position:absolute;top= :55.75%; left:10.11%;width:40.44%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.25%;width:90.74%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.2%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'><p:o= nmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/Table 21-1.doc"/><a href=3D"http://macminn.org/life/Table%2021-1.doc" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= International </a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-= hansi-font-family: Arial;font-size:83%;mso-fareast-language:ZH-CN'>comparison </span></sp= an></div> <div id=3D"_x0000_s224259_77_93" class=3DHB style=3D'position:absolute;top= :61.0%; left:10.11%;width:34.83%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.75%;width:89.24%;height:100.0%'>= <span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -12.04%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Emer= ging issues </span></span></div> <div id=3D"_x0000_s224259_93_143" class=3DHB1 style=3D'position:absolute;t= op:66.25%; left:15.16%;width:35.01%;height:12.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.09%;width:90.9%;height:33.33%'><s= pan style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.0%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Life expectancy and the </span></span><span style=3D'position:absolute;top:33.3= 3%; left:9.09%;width:76.47%;height:33.33%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>changing age </span></span><span style=3D'position:absolute;top:66.66%;left:9.09%; width:76.47%;height:33.33%'><span lang=3DEN-US style=3D'mso-fareast-font-f= amily: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>distribution </span></span></div> <div id=3D"_x0000_s224259_143_161" class=3DHB1 style=3D'position:absolute; top:79.0%;left:15.16%;width:29.77%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.69%;width:89.93%;height:100.0%'>= <span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-11.88%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/Box 21-1.doc"/><a href=3D"http://macminn.org/life/Box%2021-1.doc" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Sources of income</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N; mso-special-format:lastCR;display:none'> </span></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 24266" type=3D"#_x0000_m1032" href=3D"http://www.ebri.org/benfaq/retfaq10.htm" target=3D"_blank" style=3D'position:absolute;left:342pt;top:186pt;width:2= 93.625pt; height:178.375pt' o:spt=3D"75" o:preferrelative=3D"t" path=3D"m@4@5l@4@11= @9@11@9@5xe" filled=3D"f" fillcolor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill opacity=3D"1" color2=3D"white" o:opacity2=3D"1" recolor=3D"f" rot= ate=3D"f" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0038_image005.png" o:title=3D"retfaqch10"/> <v:shadow color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"t" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"quarter"/><p:animat= ion number=3D"3" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noB= lack" flag=3D"17408"/></v:shape><![if !vml]><map name=3D"map_s10"><area href=3D"http://www.ebri.org/benfaq/retfaq10.htm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 218, 132"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s224266" src=3D"slide0038_image006.jpg" usemap=3D"#map_= s10" style=3D'position:absolute;top:34.5%;left:47.56%;width:40.82%;height:33.0%= '><![endif]><v:shape id=3D"_x0000_s224267" type=3D"#_x0000_t75" href=3D"http://www.ebri.org/benfaq/retfaq13.htm" target=3D"_blank" style= =3D'position:absolute; left:342pt;top:364.5pt;width:293.625pt;height:175.5pt'> <v:fill o:detectmouseclick=3D"t"/> <v:imagedata src=3D"slide0038_image007.png" o:title=3D"retfaqch13"/> <p:animation number=3D"7" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack" flag=3D"17408"/></v:shape><![if !vml]><map name=3D= "map_s11"><area href=3D"http://www.ebri.org/benfaq/retfaq13.htm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 218, 130"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s224267" src=3D"slide0038_image008.jpg" usemap=3D"#map_= s11" style=3D'position:absolute;top:67.5%;left:47.56%;width:40.82%;height:32.5%= '><![endif]></p:slide></div> <p:animation number=3D"1633908385"/><oa:par id=3D"TimeNode0" dur=3D"indefin= ite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_0_9" attributeName=3D"style.visibilit= y" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_0_9" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_0_9" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"cli= ckEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224266" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode12" dur=3D"2.0" targetElement=3D"_x000= 0_s224266" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode13" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode14" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode15" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode16" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_9_15" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_9_15" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_9_15" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode19" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode20" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_15_31" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode21" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_15_31" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode22" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_15_31" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode23" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode24" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_31_52" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_31_52" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode26" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_31_52" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode27" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode28" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode29" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"cli= ckEffect"> <oa:set id=3D"TimeNode30" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224267" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode31" dur=3D"2.0" targetElement=3D"_x000= 0_s224267" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_52_77" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_52_77" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_52_77" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode38" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode39" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_77_93" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_77_93" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_77_93" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_93_143" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode48" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_93_143" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode49" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_93_143" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode50" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode51" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode52" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode53" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s224259_143_161" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_143_161" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode55" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s224259_143_161" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s224259" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Note that the fi= gure provides the percentage of employers offering the plans and the percentag= es do not add to one because many employers have historically offered both p= lan types.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image005.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAAbMAAAEIBAMAAAAnzgcCAAAAMFBMVEX////Av8Ccm5z7Dg4ODvpj Y2PeZGRmZt7x8fHR0dG8zc3FxcXS0v//4+P/09Pi4uL7FGAtAAAAAWJLR0QAiAUdSAAAAAxjbVBQ SkNtcDA3MTIAAAAHT223pQAAGEFJREFUeNrtnc9r40qewMsCgUwGLOk9pZP4EKm667X9fDAzgdz7 YcgepQKBhQ+iO5DDDLtMN4EwvItiMOPQDHbMmpeQQ8gc3iF9scx4utM+9Bz2sIeBve1tFvYP2EUx iE3oQ/Zbku0oHTuJ0+lO7OdvXltV0re+VR9968dX5R8P7bUnVDzUQBMqjSnaGMoUbRzlM9EchASH JbZ6ZxLeIL1KNCNEM2felQXvD63m2JzIEi2ne8bUBqhx1GaN7+Z45/xKjGZ7OuonhT4X9TPRSqfU r8aRIChlL4GEBOLTZyjhJFAZeZCrIqEMWcTbFA58SvDQCeA4ZYCDUuBLzgY9xxMEj9MFT3ASQgK6 wQlyvLhxv2h8jdQTpsXRulIltp9BdQ8JhPKNrE83zaLpEVIlFuJVKmCrZCuUox7iT01oNrE5M8/Q YtQ0Y5RyqmK+Tskl0zQ4c840OfN+0TjFV/gUKeZblDOI30DEQVxeOc7rpKVZAskWSm2DIAaxaQIg 8fNwP7bzoFY0+ZQBXVXlbNOXbL+WtUuqVShJeVzHeeovWh+r94k2Q0oGr9Y7KqBR7HuoXkWc7jdo yiTbeZ4U8nyTYsTnbYGa/BzFZRO8tq0DGuRVQNPhVmDg4WtZnddpvvRRxwpOGXzKrqn3iYYol+ds 1pmUXesE0Hj7JGZjx/SUMy5f9/O0/s4+gQ6J4zbz0lmlLoZoLM/Q7JMAzVA6KVoXfRXQSGmxbPBz hc9q2OejpeMqImpM7HBq3S46CCkF1EqhGvS0rRRnqD5p1C0UE2uIZBJGCXwLvfhUlWGsyZyYRjNm IZ6SitumFRNLBVSqFiuqlDDfpbkqePZe0a6TPcW7iVpMDw4C/kycr4kG0+NNJCGGh9QdVj0NtMZR 7gwtGiVuOSwEYSJc0oNQcWa80BJmJC5qecikLOG1PtGCGdT0+F5WIE6RCgTCEBWhDkWKGoNs/oGh xQ3iQYQIvoO4EZJGq4qqcfsYAsQTVPbKCALECvKriPgpHp0hOAtoioeVTsE4VURwdeuoQH1F3KUP DY1SVDdjZpU3K6bpCXbdK5odqnC0aL4zTdKAwNLMKylEuBQfM8FRQIN8z+KwZSGfmeAlHWNYBchD Q4MeGDeLNiIKzpOgQ5pKNq9w+Zach1DDNkgpVYDHGWJ6JUHRlWM9QCNKCuJLLSEtIp/TMZ3R458b hdw5muVXCfEU1cSyrniC1UImXtQVTldw1qh3ChSX1AKMMogxShzWldchWoy0VCOhx3AmYcV0LMdU X31oaDDWqHLiq8pZzIaxxkj3BRvQSvuVQr2TL5wwtGqAVgL61/lFhpbAnG3xIlgoZbcKRqm1Y548 MDSBpJCvbZleDCJjzUPZzQakSDMmJsydbGdLLBlcIxuzURMG1Qxt1CpZmAmLTkkUSINjFlqmWBfj hmA+tGnkFjdD/cIVTKORcZQp2jjKFG0cZYo2jjJFG0fpoiW8196Z8Jm2Hph00ToN5YPSue/GfBE0 Ooc3a7hx3635EmiGVsvINIsSuxMhTgRNx4Ld0eaRcKxJEyDVCFptTm68LqYQmkned7PuQhoRtIRz Fr7hPnPfrbpztL5M0R64TNHGUaZo4yhTtHGUKdo4yhRtHGWK9lBEzkwSWnKjHRxc9vLkx9uhJbwt 5yzxpdHcUfVzEU+tP3OlZPtmJqJoNZGkSWc0tJGfx0crABTN3MpLV3LXV5LgtNwKYGnBFan58mrE KJoxr5NgR2smeeOv47iZEb+/474cRVuW2t/mcj/std1cDhr1hL0+yjETUvKnH64uG0UrEJ00aRYJ HXylaJH0kx/waPJoZQTlp+s/YMB5BcmNDVYbSz/NsTpXNp5cYymKZmGc5uT0tWhPo2gr0vVKEZGe 5G7C9APW5ADlB5zL5di9DPLruVzvVuZy64CpXWEjirYtdsT45ty1HfJJsr3LuhbW2u313AYo7+5e 6mvrA224G7ncj0HpS/L2D73U0W5zZe/pOnT1R68y0BOhRLf0042Nl/1kLvdyfeOKlkbRhIuTfzI6 SvvpZDuZ+1F+CrPWo9wPrgwVw8SwsQH55NuVbbjMpur2kZsbNE0nH4H+M3dlwOqUfPKsl3q68W0u vZ57KV2aDBlTN3n0E3hwnc2ewakBM8oV69rbSAOSL3sJF8u5Z+us4QztL7ncCpxdz/0B8utAKW+8 gul5Y/1R7lkAGRWXlYECj3Irl+fJR2zya7KX+XXoa394+uoyzsVbAZbwBqSegg+S2ihoyW+fnZt0 GYAL5aHyb3MrT7prTWAftJ4yr8FU9qP0luWTuRxM049eXayqyaqHAjlpnZWJtLcdWkqGpefXV8Ah 7oVOM0Bg7Gns5iWZ6+Y3RkJbXzlXe5sLvQQL6AqM5V6LoO8wL/Xue+6lG6JtvFpnehf6pMyKd0WD 1IoGxYPc01zvxpxbWmlL1wgbZWE7oWAzd7mPD0dj41divYM1AVot/dRdL3O5geMoaFCv8azwRk7r uqqZcYM7c5F0xU2u99vGvNbvJX8JR/An0qLESCrEuAQBA/8tG5k3RnsbDKMQjdULrQyqa25sbAxE g/veH0MyKAXBwr9CweS3rN7mqwutlddXtpu5DXYzHm2wSDHi/55DLnqJUINsE0LxpStQw4DbPRSN aT+Dg8wsNQOHdGseMq6hhRv90ZXsKsGU+Iy5hVn6pLXt4O4x7wRX2oNwLgCA00jTxNS8XDvUwNAu js/haGx5DKoMPZiTrpOB93pe1ljvfOZe1ndZZ3h1rdm+eYwJ1khaG4AGt54NtkevtNCLV6NJTyNO AIds3KD2QQLOe5sbMBK6d2+EaLmZaWps/sGX0d4G4x9u1bNA8Tq0o93dvX4jdnd3b4kWdu2BaM1h E9IQO9Df3GTQk4coPFpnaEff/ngN2t1Jt2tfEhcCvRGemq+ScGgfQe+XftoIAL8OGov8Bp1PDpuQ bk/oBitHuAZ9DbRrJ787FbkXUjz8vZFRpb/GTSDaei6cKCcPTerFNV00kR2OG8fV3fjYo/Uk6jXN w1tKzZkwtMBr2o58LFNxpB2thytuFG0rv2nJOIuE4xE2nR6uRNG2s7Us29FK1O67VXeO5lab1Xhs UjpkO4o2GZP/kdt2k3tHbWni0JLwwKrJJsGThzZPMiY805lYmzg0SaLUSGJi0slEw0aTTB5akmSI rGUk2Zg4NLZ1FxzdyUPryxRtHGWKNo4yRRtHmaKNo0TRZLUm4s2JRMsm0qQjOxP2TajQa2md1GgK CZvafTfrrtGQYWs1PD+J2z7bKTkb285O4raPi2JeOV6dsGmkMbmT/xRtrGTy0SY40Jpgr03Rxkqm aOMoU7RxlCnaOMoUbRwlijajK3Ok6EwiWlFPbjY1Z8J2tIKDlW9lsJlHaEx2tK5pZQRNwEYlzeHk uOxoPV6+0Y5WOI3oshrrpB7yjtb73vHw8GB16bdvbrCjFaI5lQf4Y1NJ6eA8Pfu9lGwDliR/t7q0 tCwdHgwv+PAn//baQjfRbh+s/gZgvltbAy4my2vacLiHj/bXpeeHTBjC7NLS2loXCvDWQjgXrhyO Idr7VYax1ndUgPUCSwuH3yyD/yC7ljl0FwZ80eahox3OLl2UNawB1pu2JB08bx+6OIT789Io3zp8 CJI8CLofeAlEYh1yeeGw/1UPFxTeSzJTWV36jTteaLOs90Gr+4vR6vNLBAAa8F+68qDRYHitwWuk r8mDFeVgCL4YEzRX+g5a+/xmyslvlpaDnhv9ZYyHgzYbcc5fl10ZXPZieJhOXHO7Sc3exOguZVy2 iC+taVL78fOHhebCahwIa+zjYMnS3gxXN2XaxtSk3eyCBv46nF0LlgaIUu4FbcCX5JMQEYarcU+C kfPeHW6laRIzSQ2TWN0Tway5cCiHy9/ze0E7iMxkC2vJJPgJAsJujBGR7w+vNEMkjGWjST5ZzpKH B6xf/vo+0BZmYWXqyc9we/FaHyvqtd8cXG3HbUu4PWjGTLJF/vv7QINHkWD9xd8FsdPyai8ixEsR 5m+WFq6xk2RfVHcH/lKQu7p8cA9o7z+Nm5ivIHSC0fY40lObLw5uXwd78rmE5glOWfiSaAHZcr/f gcsgfHp/GP4YStQDn7U547qX0GK6klY6n/Eoel2D3FUW7T3v52eXfv2mfdPCI0sUrWPnSU3zbo02 G/bxoQKr8LI2uxwGhG6AekffOL8WzbZ0QkgK3Kfdytbq0u/OM99duswCJ+nafagvgiZgmtY4LYkS zVvtMLGmr51nXnxymQVOX2WnixKMTULphWlEr6ubxet3tORIevb5m0OIh+TomgsTxIvHzENsPQ6U fnvAHk8yX2PPy3WpkmE/S6LdYvJ3V3/3pt1dgA5Wl2HR7T/bL0ce8xnii+ABUlqFuG7pxYL7Nbph UqFNDdBMOjJaG1Z7cEhv1e0zrUlsoQ320SIBRkjIFJ4f3rh1n4eGqaxh9mMyN0V70+U6lL5b/WTN XV57oQETBAfPD5jOe+ZO4GeEa8tdnYU3IzXwM+RIa2oazWg39doChApJxnW+A9iL9p7D+TduoBVx jLv6fbjDJgf9NYD+epJkMeYVaAuR5vwMfU0OtsZY2LfcNRCMtcHPHkk5PB1sYS8tf+W3fgCs/yWv QWg/Pw8byaYMthkY7j9o0sHS8zf9XaXZy/swobw/Ty58M0zpi8pwtIVViBtgZpf7swXbV1l44yZn R4323Ht5v2442s/BAnU+W7y4/FNYN5X7eSdyKNrC48gM+GI1fHAdKxmKlnwcxE1aqPbXpftu6B2i SX9eWjrfokk+v++G3iXawuNfu+d6B/fd0LtEk/485p9DuALtup/VfOhyi8h/XOQXglZzOuLeF//5 9HtB29OlU3nEn09/wBJF29RxrInFSUQr6q/TGLPvr2n33ay7RqvYlTQn3XpH66FJFA2LWNzi1En8 0OAET/5TtHGRKdo4yhRtHGWKNo4yRRtHmaKNo0zRxlF+IWjNarHqTubPp5/qGDcnc0ermGU/NqU+ 5C95jfLZmChavKDjJs5O4rbPiYXTnDQPjCflc/kQSc9F0puRdOVdJHMaSW/tRNJRq++GWLpQxcdh liLpC+27YCmKJnudaoX9fHrci0yXO5F0NTqNRtJC9MJpJJ2IWBpqNWrpQhVbQywlbmRp4OQvRDPO kPRQpQsXRi5wx5Y+RZsgmaKNowxBE1DF6yYd5EU6tdDv1HB0+h38oorTzQnBv0TPzvngEIJUpZtN oMglsJQ4iagJ/WovWLr4Gm1bv00D0DpiJ1tLb2OWjmdi2iY+xoEFXMY7eE6usrTfkNTOYi0VKNmc tpnhgrSABW0Xn8nBjal5TVFONVWWnknFMpyGcKgUl89wRQuUfFFWa6njna4lGSqUw+oEbR+fsHfG EKoLsiiLOLDEabE0l+XSQQF8irewEFplKk1VFoejFVX2P5HdsoIbqtV8v95SAhzCpa1CwcqydEm1 sCZrRqBk1X2ldpwPSpOiROXFTtAIfx+Wy/SpHrZarmE/boZKnEb20mGBUsqyLFkJmpEo+L7S2Qnv pFLMUCwZQWk/YeOsYQcl4q2ajBVZCQrUMFHkORKgfdQydiFznB6OFlMxlu1EYBJp0GhSpEG6xmVs UzICZk40CCbp4HYhy28RZT8VKhUxxSoX3Atu36AGDTGFrNLCSqcVKCkcNuV8GDRwqmEYRAsbVCi1 SKuRPreUJoET+ESBakbBCi/InMVb9SDNydvKphpgggtVW8czqavQtoyMXKyGXSfRkmtyJ1BqlmtY yoedkBePrdc4rYVocWULJ7poQjNVF0NkrnGcPrXj2RANOo+imKFDhPpcU+XC/qV+zB/jlBGixZUK 3uxaKoMleT+4xTzqpD7a26HX8nKxUNL8QAlzzVYPrX4KaJm6dxVaRyVWWFLAM4US8WnQoKZDtqhK AmZeraklVbFDNA7+4j00WsEcDb3WqIv17ggRsjGLs8thI5QEjNu4GSqpLdFPKdkQLWbFLD5sUs3B FRyjaoimNOAvKOAbRQPYCkFh+tE8NlHYOU2VpIhtzg1HC6aa88nPEcqRma0cVQp+NYGpfBK3sCLn SuXIhQtqUSUhoiJEC5S7KueTczA1O2HVAlPo2SlfrO6Xt65NgkzRxlGmaOMovzi0+NHueMmec1O0 mejmyjjIa+/GXhtwEx60XNhXuhrNQ+MlU7Sr0RzHES5sBgyWfojLdgnKDqr0Y2zhBP6Vo7sPn1QQ BLgXrJfRdXJ7tNleQkpk1Hm+rEJSu7KuP3bbFsNVFNdUVKMVMTxTg4IxAwlqJ8zPdzajtQl6Ajuo +yDcLh5XI1XFuibQcZWVqXjx3olboP3pH0z+c+mfg+M/EIkbuuxL6ta7U20nfrJ/6nxaVPj7f8Dr 39d/j9Cv/v43eGRF1WP2zKXHs0fb5X14eETxRA0e2zUtsZOonjm45Ttb3se5U0/Yj+8hV4cn1NMt fT++i6py3a++3t83ds48VhWvJ/YqO3FPcC0foEi1qN8e7eKXQ5cr5qmhFw3itIJne1wgl0z+KrcC r+u5f0Lo33K/R5zm5KmWOkN6jJoEw3OsMsdzGq14JbVGOxb1ZKXu1G2wpwukbtawHjMgrxMfS2pT qXuYGCSNrQJxUD3vE0rrVSSkObGyhbPpu0Mr4qyhc3kTaZxFUpaSqjWGocHr/zE06uhYs2QH0Px9 s9lASpahbS/yDVLTjAzqYIpkeHjP6HGCm4qgo1JDs21FqZoOXHP0UoosGppeqyKMWxytdUTEiZwo ySo17Nuj/df/MvnvpX8Jjv/D71sMjSJFK2CDyClfvdwh/x0xh+X+Bh3SQ7yKKKX5wGv1eVPbhg7J Y0wrJ6VqK42NAuLzlkANTKnIUSJjDIQNahumIppwzUCYpLBmzut1Fdl18Fq6qAtmihfPznBh+zPQ ujLrdM+jnf1qorqPXs/tnJxtnlWPB5hk8seNjb/1LO192K9CRYkPW+X9Dwo6Q4n5s0UWFsTfnS7u oHh1Dn1snBp7npA8PfOSYmLe2Z3bSW45Foo3PqDND9Wds487DaiqGk/U59+9riJph7UQzjSGNPjm aHcnlSHn5dSlUzH1sloROwOLPwS0YXJ5qh34PlR/z3yM0D5TpmhooiP/mZP7fgD7cs9r8/f90Y8R ZfvGaBMhU7RxlCnaOMoUbRxlijaOMkUbR5lsNGExkk+4TnCs9k4ch3k0sx9sRpzLSW9XN7q3m4ik 93uJrq3eZ8NCgw4SnESQZE9Q0V3WeKN77NseFNffCK2YjuQ5HNac7+YFHH5WBdXcMwFHNTWEZHY8 O62inusTu+dQMz3ldzp7lRP4TN7BIorLFRzXKjKayZdEdoWvojju38oZpISfXUO8g06Dz+kK8m3R 6g6Sdz8sZpuedCbyIsJaWk7lsTSzm42JQtaIJ4uZeJbKpJzSkBTPxtObYuc0C8y4lu3smLLZSBuu J8gx0TdkTStWzW1RQ7wt1VKylhUoVWtV9rEsGacNHcX9pozJou/ECvWjxeIHjceoWEWLR1LzJNPR 6iLmRXke7+3WNxdJppPS1LiFjovFdqydmlvMjoS2aXCakTYM7ZTaDd5wCpRQbGgUY4KxQCyeKLIM p3DZtDmM9Q4pFhR5DhOEQaVMMFFtaD5HiNqhlCg85KwC4q1CgRgUC0YBYxuVOKqRHZra9fh6nHIq QQlKTk2/luZJw0cIKlQ6hCh+VcFbGjWITDapAjUYtqA0Wn69JlNqG/mR0JDMN4ysgVVOUxGfRbrc ynZoAxfwtuEKmuZLSsfc1mQ5odm8NKe1ZBkcgDQe/Fs6VgFPtAsFkdeO0kXD6pTkDKaLTYeby+sl FctOXidWFpWEFpawlJeqGh+nRbHTiBMs1/2ix9dEQLO0jF/S5JKPyA4nUpVISq3VlLO1fBrFss1S PWZRCafwaGONxs0sNVLmPm2rPNvIVohlmdmCX1Cyglko0nqnWdBkpZzFMfqRlgwFKyVLK4HXOrKq GITmTbPB0Y7FUatWIgVCUibisnlspADN1AEe0HDRTFK1zNOP5ibdJE5R1gjxOQpoMdogRqbO0WYJ 7gZKmJhik9SJTxUrbwlELZF6AlpT36J8dQQ0oYzKzonjVFBZcIQT5JQTmuOUX6vBZ7wqjlAWBMEp lwX2llhZCP8ED/JwruxU4BL8h8LSjiCUgxMwAUJxdqEMr07wubAyOnHY+2vwB5V2jZ4I7DNkrAyz zk6CqWKKXSsLHpjotoF95qwJ2iN1yEsifICXondz39+5xAf6RlBHsTHZS/Z9N2GKNkWboo23TNHG UaZo4ygNlLzvN5C+lIj/Dx7+ykD09Ha8AAAAAElFTkSuQmCC ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image006.jpg Content-Transfer-Encoding: base64 Content-Type: image/jpeg /9j/4AAQSkZJRgABAQEANQA1AAD//gAcU29mdHdhcmU6IE1pY3Jvc29mdCBPZmZpY2X/2wBDAAgG BgcGBQgHBwcJCQgKDBQNDAsLDBkSEw8UHRofHh0aHBwgJC4nICIsIxwcKDcpLDAxNDQ0Hyc5PTgy PC4zNDL/2wBDAQkJCQwLDBgNDRgyIRwhMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy MjIyMjIyMjIyMjIyMjIyMjL/wAARCACFANsDASIAAhEBAxEB/8QAHAAAAQUBAQEAAAAAAAAAAAAA AAIDBAUGCAEH/8QASBAAAQIEAgQICwgABQMFAAAAAQIDAAQFERIhBhMxkRUWIkFRU2HhBzdSYmNx gZKhotEUMlaElLG00iM1QnWyQ5PwM1RVdMH/xAAYAQEBAQEBAAAAAAAAAAAAAAAAAQIDBP/EAC8R AAICAAMGBQMEAwAAAAAAAAABAhEDEiEEMVFhkbETFCJBcYHR8DJyocGS4fH/3QAEACj/2gAMAwEA AhEDEQA/AN5oJoVorO6A0CamtG6S/MOyDK3HXJNtSlqKBckkZmNDxA0O/CtF/Qt/1hvwd+LfRv8A 25j/AICNNAGd4gaHfhWi/oW/6wcQNDvwrRf0Lf8AWNFBAGd4gaHfhWi/oW/6wcQNDvwrRf0Lf9Y0 UEAZ3iBod+FaL+hb/rDM1oNodLSrr40Soy9WkqwpkWrm3RyY1EEAfP2aPoU4jlaDSCHSCUoNNazs cO22Wd//AAw7JUPQaeUhCNC5BK1ICyFUxsAckm2zblb1xu4z8u7pM1Ltpel5Z5zllaioA/eGEAAg bL5+qAKRFC0HDbKndDaXicb1p1VPbWEi9rE4Rn0i2UINJ0BSLq0NkkjWavOlN7bkbLX/ANJjRBzS JyYstmVaaCXbYFYiTngvf2HZuhvFpKGUNKalVkITjcuLrVc4ssgBs5vpAGfVSNB3JJ+YlNCac+Wk oOHg9oYsSsORAN7QpdI0DRMljibT1KSoIUU01ojEcOQNs/vfCNAlekLKEtsyNPQhNgEhRAtYXAzy zvuh1l7SBTqNfKyiGsQxYFEkDFntPk/+c0AZ9ygaDNsSz/E6mqbfBIw01slNjbMWhaNHtBF1NUgn RCmlxLmrUvgxvADYHbbZnaLpB0hZbQVJl5hanFYgSEhCMWWzabX3xKQuqOySMbbbU0lwY8OaFJvn bO+yAMgmlaCplmHXtC6cnWt6xRbpzSkti5FlGwzyhSaVoFYqVobTgixUlQprZukC5OQ9ey/N0iL+ Ub0iW6UzrjAauj7oSQoWOIKy58hlCp0V9x9SZdtkM3HJXhUDyc8Pt2XG0DmgCgXR9BG3ChehUmCF Yf8AK2s9uezsiXTtFtCqkpxKNDqY1gt/6tOaG32Ro6Yagdf9vAFlJDYGHPki5y5ib5HOJ8AZ3iBo d+FaL+hb/rBxA0O/CtF/Qt/1jRQQBneIGh34Vov6Fv8ArBxA0O/CtF/Qt/1jRQQBneIGh34Vov6F v+sHEDQ78K0X9C3/AFjRQQBneIGh34Vov6Fv+scs+F6nydL8KVZk6fKMSsq3qMDLDYQhN2WybAZC 5JPtjsiOQPDb43q7+X/jtwB0noK46z4LtHnGGdc4Kaxhbva/JHPF5KTc+48pMzIapvAVJWFg3N9l vVYxTaAOtseDPR1x1aUITTmLqUbAcgRfMVGTnNYiWmmnVJF1BCgSBAEHjJKdU9uH1g4ySnVPbh9Y y9x0jfBcdI3wBqOMkp1T24fWDjJKdU9uH1jL3HSN8e3HSN8AafjJKdU9uH1g4ySnVPbh9Yy9x0jf BiTsxC/rgDUcZJTqntw+sHGSU6p7cPrGXuOkb4LjpG+ANRxklOqe3D6wcZJTqntw+sZi46Rvjy46 RvgDUcZJTqntw+sHGSU6p7cPrGXuOkb4MQy5Qz2ZwBqOMkp1T24fWDjJKdU9uH1jL3HSN8Fx0jfA Go4ySnVPbh9YOMkp1T24fWMvcdI3wXHSN8AajjJKdU9uH1g4ySnVPbh9YzFx0jfEWcqMlT2kuzc0 0y2pwNBSlZYjsB6I1GMpOoq2DY8ZJTqntw+sHGSU6p7cPrGTMzLpmG5cvth9xJWhsq5SkjaQOiI7 FWp8x9qLc20UyjmqfUVABCugk+vfFWHNq0n+adxZtOMkp1T24fWDjJKdU9uH1jLLdbbTiW4hIyzK gNpsPjCrgbSN8YoGn4ySnVPbh9YOMkp1T24fWMvcdI3wXHSN8Aa6VrcvNzKGEIcClXsVAWjlPw2+ N6u/l/47cdHUUjhdjMc/7GOcfDb43q7+X/jtwB0toAy2/wCDLR1p1CVtqprF0qFweQI0DcjKS91M yzLZCSm6UAZbbeqM7oEhx3wX6PIac1azTmLLts5Ii7lpOdYdcceny8hSCA2pAsk3yIPqygD5zW26 mmTb4ElZVyZ1qSvXkJSEDaO2+yJxZXr2iG5bUYTrAUcvFzYea3rhzC71qfc74MLvWp9zvjo8T0KN LS9fd3x+PYlFVLNVl1+oomWZKXbxj7E6lAcsnYcSbg3O3bzwusUmaqEqpqSqCZIqSEkhhKs73uDt BytttFlhd61Pud8GF3rU+53xvzDU1OKSrkq9uN8OorSiKmmIVIql333nFLOJTqVBCgehJAFh0Doh hqgsNV96ra99a3Ww0WFEaoAbMreveYscLvWp9zvgwu9an3O+MrGmrp79/wBf+CkV1Qpcw5R5mVp8 2Wpp0komHgFFFzmBlstcCH5WSeR9nXMvoWpDAQ60hpIQtfOu5GL2RKwu9an3O+DC71qfc74PGk4Z dOO5XrzFFMaJUU1YzbdXSWdXqwy7LJVblYr5WHZ6osJpSpUPP/ZGnJZtkrshJLqlj/SE2sQd94k4 XetT7nfBhe61Pud8WWM5tZ0nXJLsKorqe8/VaRKTf2VEg8tQLrLzOIhIJBTzWJ6eaEzGjspMVluq F+bQ82goS2hwBsAixsm2R/8A0CLPC8f+qn3O+DC71qfc74vjyjJyw/SnfR+3P6iuJH+yuMIl0oUh 1toHXF1sKcdAGViLAKv2RDpTtQqFLdcnKY1TprEUtJcTj9SiMt14tMLvWp9zvgwu9an3O+MrFWVp xV8fzTXmhRXTlMm5ibpzzM60yiWVimGgxyZjKxG3IbbbdvZEoyCC3MI1zv8AjElKgEgtdiMsvbeH 8LvWp9zvgwu9an3O+I8WTSWmnJcb/Om4UVVJoKqfiVNzzk85rVuIUtOAJxbQQDZXZfZnEp6iUqZS EvU2VcAcLti2Pvn/AFeuJeF3rU+53wYXetT7nfGpbRiynnzU+WnahS3CH21BomXYYU7cWCxYdsQp enhl8qTS5BCXra8pSMSjncnKx74sMLvWp9zvgwu9an3O+OalJKkykCq6P02stIbm2PuEFK2jgULc 1xzXztDppqG5RTMq6plRXjDiwHSM7kcq+R6N0SsLvWp9zvgwu9an3O+N+NiZVC9FuXt03EpH/9DV SpqK63OtzFOYbpqUp+zOhSSpRG24HMe3ZaFzFRkJGmmfqDX2JoEhQebGIHPovttlE7C71qfc74iV JCFSZbmmUzTKzZTWpxXtnmL57I7+Jhyms8aWl1y+b1fclMu6Clo1WWcaSjCoEpUkDMFJjnTw2+N6 u/l/47cdA6NuButysohlTbKEqDdmrIsBsBvl6jHP3ht8b1d/L/x244ur0KdKaBOljwX6POpbU4U0 1k4E7TyRsi6lKk7NuOIcp8zLgIKkqcAsqxtbsMVPg8UlHg10cUogJFNZJJOQ5AjRh5p0KDbiFkDM JUDaIDA4/MXugxeavdCrQQAnF5q90GLzV7oVBACcXmr3QYvNXuhUEAJxeavdBi81e6FQQAnF5q90 GLzV7oVBACcXmr3QYvNXuhUEAJxeavdBi81e6FQQAnF5q90GLzV7oVBACcXmr3QYvNXuhUEAJxea vdBi81e6FQQAnF5q90GLzV7oVaCAE4vNXugx+avdCoIAnURV6uwMKht2jsMc5eG3xvV38v8Ax246 Oov+bse39jHOPht8b1d/L/x24A6V0Dl2pvwX6PMPoC2l01gKSecYBF6zSpGVdU+zLpQ6UFBUL3IJ vY+2KDQVMwrwW0BMqtCHzTGcCli4BwDaIupJmrNrcM9My7zZQcKUIKSlXr5xaAMfq0D/AE/GDVo8 n4wXWBmWxnbaY9IcG0JHrvAHmrR5Pxg1aPJ+MMLnpZtS0rm5VKmyAsKcAKSdgMQ5qvSctLreS59o CeZhClc9ttrfGMucVvZ2hs2NiNKEG75Fnq0eT8YNWjyfjEMVIEXTKzZH/wBZY/eGU1hxc25Lt02c UpCQq5bwjP1kQzx4lWy4zv07voWWrR5Pxg1aPJ+MVz81VzLrMtS0BzDdOtfTt9Q+sLTMVUIRjpzB VYYsEzsPtETOrrXoy+WnlzXH/KP3J2rR5Pxg1aPJ+MVhqNSTOBpVGcLZRi1iHUqsb7Noh1dSdaSp TlOnAACcm8Wz1EwzoPZcRUtHfBp9mTtWjyfjBq0+T8TFbLT0/UJdt6XkkMNuJBC5lRv7EjM+0iPD SHnppqZmag+442lQwtq1SM+gD6mGe/0ovl1BtYskmvbe/wCNOrLPVp8n9491STsR+8QjTEHa/M/q XPrDErQJWWYS0ouPhN7F15ZyJvawNotyvcZUMHLbm7+P9k516Vl1oS8602pw2QFrtiMGulOvY/7o +sRhRqeFtr+wSuJs3ScGz6w/9hl//aSn/aH0iesrWz0qb6L7sY4VppJDT4fWFFOBgFxVx2CGZh2q OhsyNPQ2NYMZmnLEp57AE2337Iny0o1JoWmWZZZStRUoIFrk88O8vzPjDLJrV9DXi4MJXhwv92v8 Kv7IZbqJ2CQT69YfpDDMtWCt/XzMmhJX/h4GSqybdpHxvFny/M+MHL8z4xcnMwtoaTSiuifcpp2V LyVy7lccZdTZZ1aEosBn69nbD7BmnW9ZKzUrONA2/wARCm1Zc1xz+yLEpUdqWz6xHoChewQL5m0T IrsvmZtKLSr4X9KyrbqEymaeamaPMIbQBZ1k60Kvt2W+EPGrUtKFKcmUNYRch0KQR7DE7l+Z8YYn UKfli0uWbmUL5KkKOVumFSS0ZfEwJSWaFLk/vfctqFq1VWWW3YpUCQoG4IwmOc/Db43q7+X/AI7c dBaOuzIrzDCpENS6cSULSoWsE5Zcwjn3w2+N6u/l/wCO3Gzzur0OlNBJhMp4LtH31hRS3TGVEJFy eQNkXkvVWJp1xlKHUKSgqutFgRe2Rio8Hfi30bv/APHMf8BGlV90+qBD5lUJKTqjLbUypeBDgcGB RTmITwXS73Ms2o9KypX7mLC8EZcIt20do7RjRioRk0lzZBYp9MlXnHWZVhC3LFRCOj9oma5FrY8u iFQRUktxieJPEdzbb5idajy4NajyhCoIpgTrUeUINajyhCoIATrUeUINajyhCoIATrUeUINajyhC oIATrUeUINajyhCoIATrUeUINajyhCoIATrUeUINajyhCoIA/9He61HlCDWo8oQqCAE61HlCDWo8 oQqCAE61HlCDWo8oQqCAJ1EWlVYYAVc5/sY5y8Nvjerv5f8Ajtx0dRf83Y9v7GOcfDb43q7+X/jt wB0poGwia8F+j7Dl8DlMZSbbbYBF1JUWVkHFLYU9iWkpVicJvne/r7YqvB34t9G/9uY/4CNNAGcn 2qJTDhmGJg2AzSVK5j29hiQ3TaU7KKmxLvBtAUSCtVyBz7eyLd1ZQgEAEkhOfaY8Up1KSpWqAG0l RgDNtPaPvTqJRDEzrVqwC4WBfPt7IkT0vRqbYTDD5GEHEgqV2cxi1XPNNlOOYlElSsKcToFz0Dth RmkhJJdl7DadZsiWacZLWiqkpOj1CWVMMMPBCDYhRUknK/Oe2Igf0fLiEfZ5oKWUpF0rtc2tnftE XqKgy4oJRMSqiQSAHeYbYcEyFDJyXIvbJznimSpn5Sj0xKC+w+oLuRgKlc4HMe0QuSp9JqDOtZYe SkEffUpN8r9PbFx/jeS3vP0gu95Le8/SAM2pygpdLSpaZSoC+YWB6r32xMnafSae1rXmHik3+4pS rWF+Y9kWin7IcUpbAS398leSfX0QJmMaW1IcYUlxOJBC74htuOkRaYKiRlKPUSsMMPpwWJxlSecj nPYYjzKqDKPKael5kKTe5AWRlfoPYYvEzqFFsJdlyXQSgBeagNtumBudQ6ApD0uq4uLOc0QFa9I0 hiUbmlMPFt3DhCVKJFxlleGpFmiVJZbYZfSrDi5eNJtl0ntEW651DYWVvS6QhQQoldrKNsvXmIUJ i6lJC2MSTZQx5j1wBRTRoUnMLZelpnEk2JSFqHNzg+cIlGQpAkEzwZdUypKSLKUTmbbL9sWSZtK3 FNpdlytP3khzMeuFa84QrGxh2Xx5QBSSTdFqDuqYlpgKz+/jTbtzME61Rae5q35aZJyzQFqGzsMX H21FlHXS9kAlR1mwA2z9oI9kermktoK1uy6UDaouWEAVbMlSH5AzzbD2pGLIqUDkbHK/ZEdngJ+c RKolpkOLUUi4WACL89/NMXn2tOJKddLXULpGs2jbCjMYQklxgYjhF17Ta9twMAUs6zRKc6Gn2nir CFclSjtNunshyUk6NOyaptlp0NIxXxKUnYO0xamYsgrK5fDkCrHlAZkAJu5LgKAKbubQTa+8jfAF BLuUCZeDTcvMYipKc8YzJsOftiRPS1FpqkImGnSVAqGFSlG17cx7YulrdbQpeBvkgnafpDuRzgCn pLFLmSJuSbcBbVa6lHaRszPbHLPht8b1d/L/AMduOv7W2RyB4bfG9Xfy/wDHbgDpnwd+LfRv/bmP +AjTRitBp6ZlvB9o6lEg7MN8Gy1lNkc6M9vRYb40TNTmnVJCqVMt4iblZTycsr588AT30qUgYRch QNr22GGn0famFsPyaXWliykLIIUO0GK1dZqLbTJNEmFrcQDyFCyVEXwnotsvDjFYmnXUoNHm0Aqw qUSmydme3ZnAqbTtDLmjFEdw4tHpHkqChZtAzHqEOooNLbvq6JKNlQsShCUkjbzeqPEVifwArok0 VZ3wKTbaQNp7AfbA3VKmpKVOUZ1IxKxAOAkDDcW9uUZUIrVI6y2jGksspNr5YsUaRSABS2xZBbHK 2JJuRvJhKaDTUG6aS0DYjJUKVV5tJsKNOKy5im3P29g3wGqTwSFCkPqusiwWL4bXBz3WjRxLHWO9 QfeEGsd6g+8IqHK3UG1ujgGbUlAugpWk49m7b8Iffqs40lwt0eacKUpIAUkYr2uBnzXO4wAp6lST 8rOyrlLZLM9czKRYa4kWJVbabc8eStJkpJmTal6Y0lMkgtyxJClNJIsQlRzAtlthlVZn0uJRwFNn OyiFpsMvXnDrtTnm3lJTSH3EZYFJWkXuAc77LG49kb8SdVbr8XYlI9RSZND7T6aagONJCUHF90AW AhDtEp77mscpTSl5coqzy2ftHqarOmabbNHmA0sIu5iTyCdtx0Dsht+rVRpxSUUR1wD7qkuix+EY KPPUqUmLF6nIWQrHdStqssz0nIbo8mKRJTSiX6Y2snaSr1f1G6CYqc80+UM0p11GQxYwPXCXqrUG lNWo77iFJJUUKF0m5FrH2H2wAp2kybxdLlNbJdw4ziGeH7u6whpGj9ORLNy5paFNtqK0hS78o7Se 3KHk1GdWpQ4MdbSEpIUpQOZVYggdAzyhKqvOAnDRZs8rCOUkX7duyAPVUiSW0GlU1BbGQSV5fexd PTnDaaFT0ocQKWjA4nCpOPIi9/3tuj1dWn22nHlUd8oSkEISoFZNzcW7APjCDW5+5tQZs5gZqSPW YAccolPeWpblKaUpVgTi6BYQpdIk3Jb7OacgN3KgAockkWuOg2Eepqc4psOGlTCeUoFBIxWCbgj1 nKGzWJwFINFm+UL/AHk7ejbAC5akScpLpYYp4Q2MOQc24TcXzzzMKXS5Rxba101tSmwAglQyta37 RYNL1jSV4VIuPuqFiIXAEd0vONLQGbFQI+8IkDZBBABHIHht8b1d/L/x246/jkDw2+N6u/l/47cA dFaBVLUeD7R5vU4sNOYzxW/0DsjRcMeg+fugggA4Y9B8/dBwx6D5+6CCADhj0Hz90HDHoPn7oIIA OGPQfP3QcMeg+fugggA4Y9B8/dBwx6D5+6CCADhj0Hz90HDHoPn7oIIAOGPQfP3QcMeg+fugggA4 Y9B8/dBwx6D5+6CCAP/S+2cMeg+fug4Y9B8/dBBABwx6D5+6Dhj0Hz90EEAHDHoPn7oOGPQfP3QQ QAcMeg+fug4Y9B8/dBBABwx6D5+6Dhj0Hz90EEAHDHoPn7o5O8Mr32jwr1t3DhxajK9/+g3BBAH/ 2Q== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image007.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAAbMAAAEEBAMAAABQDMd5AAAAGFBMVEX////AwMCampopGCWXMmQA AO3b29taWVpxp75CAAAAAWJLR0QAiAUdSAAAAAxjbVBQSkNtcDA3MTIAAAAHT223pQAAE/JJREFU eNrtnV2PqrrXwEtNyi1CIrcICb0d6DnyAc7+Bic7zy1iArdQ8qdf/1mrBRRHHcdx9ojHlf1ia99+ dLWs1VIk6+WTSkAc8qTivNBmKC+0OcoLbY7y30ZjcPtbDZ8hdCltPqa3VpMvtngTPV/DUcQ2XOfH JfTf5PdEswVIYD5XuS0uXYWmT5+RXTb5psVCnLM1BNNiIHVHdumJpG13TzQqVCsSU6dwqLqQtEp1 QzMh6qOGRa3IsvxMtoV4m4R3UGN2Gi0KyLVyFRojHvTB0oGPMVuRMgd9Ax1i+TbXurQF1SnJMidR miNauW3foGEMcpDSaBuzRJ2XOeRhJUNNw++spYGNxGYoTUe0KXbkLkGVxDRMFwJ/S1DIg8Ad0KA7 MlKJLI9EBr2mVAYq05FIitQXNSTIHKZCkVioRwRV1tsAGqTOqeKiMx0eEL8hVWKnEXzE0qAQ0zEt 9BHZSRH4JgLKJMrZZS2UG4k0N1l8ITPoNZpF8H0Fgfxyu69CWy4jgMlEDY2FhsOosUWLoDiCACET GyYgsBV4+SEFw14DUFFTnaJHQ9wE9TUhWFoFWQL9lStQC0UMX0GEJXKjlpDGxjQLoWsAPc/bGvOn RAfugAbSUeFECSgkNLzNQg96KIhSKjqYLkRQZUwkmMIoJIxNGGtWlrcdphADGs1gGgBV8zJI66WQ tQ10BTnMMDsR+nC5Njqs0bKy3VC4QoAGqbF4qLtGVc0gcncntDSvstKHahxEeyPtZtvWEfA5C2jm qhBM1FCdZ6YRmCFz6CEYchtopj2iWWIlAjuDGBiPfrYQco1fLbIcVGyHs2oZpXu0lHgJKQtAy8gi tTPUB0TLbdQdehe0LYzrChvco9V6Lq+jTY8GUopgjxaGDjaM684+QGPtGgrIoMSFKQ0GKXzlCQWK jCRGey28S6zzXQJoDAoxaAvMh2gZomWD2n4RDeerChq83qOl0PwRDb5hB2iZueZUpO0UjUQqIxoN 8dekQCRzz0s1WhauY6KnEdQ47DXQ7n2vHaDdq9egXRsouYhHtOiNhXmPBpePTtCEQYMc0RGaJ3Ba 1wpJqrhqYFZBEhnCKAISmIf9AFnT3BMOom28lA1oAiIHNBh49xlr0CYAkAJQlEHbZVwMvUagd9Ie LesO0AQX07EGX23gLySH0toNTBytnjUc1EEgoVBHR8xNX9+yAQ0qqjWaniEHtDvNkNg00MgIrS0h Kpj833BqwYncoMEQqc00YqPV0qPhUGpTe49WI0UACgnJCZZmGdtrgW3U5gsaWNgcpuvqFVK0G0QD FQDdHKaRHG5yd0AzN//c4jCdFRJCaEi40iGFw9wcLAaGxuwSTQnG48HYhXh3vY0h0Bu/aGhgB9mZ i7ZvCCkLTK4NGygTTY+tjsAiVroEqCGMt/iVtQKrG/QHYtYmsL0D2h2lAgvCzm7LS7PcG7PCNarE Bxn+KBrFqf1WNFTfZAiwwch5HLQA/pE35vbNXdAI2KDBI6EZYz2/OfdhzvIjw/8/voAwV3mhzVHe odGYFAEB0534cL/MrfVPt/B+aFFUZopmDdwiU1vVUeTcUuwjyDu0jSXrXeVwYtchz7uG1j/dxPuh URlUPAe0wJVks7FqvWY6HzmPxltA8ydohIQzkvwsmhWCQvqokEEo801i0H66K64X9zxa6i8TThvJ aCersOZV8DRouFbYgd9YObiw4Rg7/TnQRsU8jH8uNEaeFo280B5NXmgvtIeSC2hUEt4xFYDJFVvK MYs0z4GmojhVNAWnJk0rdGqCmaC5aEBeREPrqndquJqTDRnhXthFNK+tjFNTGcuf1fgYxwwk+vXr 1z8XLX/p8ndo5U83+z5oB162Vkj6uApZgmz3Colo64vTSBvj2khi9WsjrfOwaApEfgKNhsSPWRhQ Byb/MIfgw6LhvJFtr0cbZPKc12Oi/QUwt6DNwBp5KjScCZ8TzcXR1TwnGsD880L7T6AVRb/rrVTg 905NYKn8oZya29B4FZoPSx+dGinBcZMVr7kXzB0t5DQwMT7tbcggBBuyeSQb8jY0L/X7QdfR4+0M tpQ/bdYb4YiWjkGNNobac5Y/c/rdG6umJ3Zqfrq/vtJrbNk/vW0HT6eQSpkPC4fpaYQ9xDSiVwXW X0PjQ4QNEwlO/oXzM5M/P+WEfQnNXx09GPRDOzUrfFo3uyuad3zi5c/t1KCzPLZ3hRPdfdF+ztDS 5nzyjWiFUvkPoWELvxMtel40XgyG1vejuTi6Ju39VjQ/VM73obkTz9+bOMvfjsbK/rnZYbFO79Tc a7Fueuf1fx228LvRitGuVJFZYiX3XGKdtvDPolVqMLSSpXuPhfHV+0XrMVT9etfCb0Qj2z7MMlXd YztD20vvthqMeBpt4puMnsq6PfRU1qa9Q9BHNDnJmLnHdRyjUVWbsJUU8h6bUHrReqy2naDpRkxb eAbt6JrwW9D81fD0/dvRTs2N/lr7Xln+hEKe2Dr0yYA2bPhaX9vwbU+Ng17+7DTik7CPKPpter1T c/s2/eOgeZk4umVbh3bXnNHo4fgzU+XXrJHHQftAXmgPibZ9XjQ/vHhoas5oVKj7OjWPg0bcodcq lfsB48EXd2oeCI24/f88LCc7NbO3Rkgl+7e/SIcenKnZyBudmktof9ipwTV+/UG0xT12aqYG/PWW fyjeZxyT3rZTM6KR98eFbu61Mxf/rgp5nPSEQmb9cWlndGr0mZrmfk7N96B9rJDjg0vSjxNu45ma Rp+p8Wc/jYxS9U5N4UQxTv5q/pP/sXxxp+aB0N4ZkZ91ao4eMnogNE4uyTVo02ofCK1SMn9StOLY y34eNLb+olPzuGhVyp+117g77K8VxI0ZPrDlBp/ZqXlcNJ9X5gNp2X6npr1+p+Zx0Qo17K9lo1PD +See9vkE2iecGn6PaYT3+rjj9omdmnHT4KyYXZTJBsbRVsO44TLdqXEnTs3FnRp3WsdfJ+pYh+d7 LYtuOy50tItyq7+2nvpr06Sndmqu8NdybeITlrXh8KIAfvlFAbg7WI6h4kOFHL/7RoU8dcjLJdR8 WEYr3KmR/U7NhbWR9w8SPOQ0UrSqdYbJv3dqeEeVY593ai4+9fY4aJU8NrQ+dmouVvs4aIR9fqdm Lmj+5y3/uaDd4K/NBc1fL5+117zPP1k3FzTOPu2vzQVtfPbY1i/AwbdIf/QCnNmgZf3+mvRK/doi 8uES61zQ2LC/li/c8WVTlx8/+yza+N0f3qkZl32YuvZMzYldlK9b/t+wU1PIYYYswndODbux184k vaSQy+t7TWd8l/TUiwJ6yz+YvI7vkpc9l7FmLY2/Njx+lqBTs7v4+Nlc0KpxbWSNrzDnTuH4Abu4 ojUXtHfy8YsCZoJWKZWdYZw7mrV0L/2AyJzRPvhtm1mjVRvypGg0+/zjZzNB87Lx8bMcl0VwZYT1 wZmjgXXc9xpYVzw2j5/Flx8/mwnaXnprRBJjjUyWWHF9fX1dtdejfbvlPwhzDmzI4WmfwTzWR1TX F6odj+a6XzOPr6vjavN4kOr9K8KWJz2Vi1sNd3Jq7rGdse82dfZFAaeUJR5Cj7udMYof0HNOzWfG wSNOIyLEnRrZWFQe79RMq10dVAvz68e99tNoTKlA79RUzrvJ/6BadxgHulq9HfXwaKOcOFNzUK3e gBqr9TE0H7QTOzWHaL9///53jwah3/NBIy+0F9oL7YV2I1o87NREnaUmOzXXouFp80dEsxM2OVOj H3D6HFrb3/QeDc1NTr9sajTnp2jxe7TV3xA6gTY26c+ey95L3ry3/HGnZuwK42wMaNrF4AOacThG tG9xaj69U7OXxj65U9MO7V1fUEjjJo5oZy7+j7miDX3nZZMe7d/rxtoZhfzxsUYanEbS9Hin5hnQ YnxLDDdvP+N7p+ZmNHcYB2MLq59C66XIDwJfQFu1E/8HXbv2+2bIm6yRm9H+N0nqDaA6qQvc7R5t nCHniTaEDNrfJqNBc8cbzPK0Js8Y7X+Tu8bUk38utEnG9+sv7rOg+ZD037EOt1+N6dH4MDnNE21S x5ixn4X7jJ9C+/J97Y+gHdRxPdqXrZGLaMVPoiX9To170Tz++4J5PEXTGccW+lO0v9/X8dfpOvZo x3WEV6OZnZrBqYHRarwIHcpg7BqnZhLSrwc7SgohEb5POoSU9lT49XWMGY/qkKG8Hk1b/vqMySjF hVC5noSWk9B2Us42Ph86rmPagEt1XPhd0WOF1F72NI11IXSUdLr3z/JJyLmQ8eY6yoNUl9HM2sik SdM186PQUdJLaORS6OY6rkezMzJXue6WPUt5oc1RXmhzlBca3lrYii2XZGnS52QFEcMtJsf3lSyJ NZymshzcC18OGR2M2K5MCKNX+0ONW8y7NaXqpDqiF12HeVR4q79Z6koJ/mvpCH3HY8s+YnKa62o0 TrjcqrYw76OtnEo5vspphyFaW1lNVcDNWYGGKMlUQ/HHbgjxc0gHEVljMkJ0BRH6DKrV6XQ1V29D HTqiMxmhDi5LhRmZkpbqIK+v6+DK0RHm3F2li+SK6qSfRasypqqgVIsYS7bagBedWgSRboSqqzjc uZ3S19BPWOK7HfddrIi2eVrFib996zP6cafcblNhMGrsjldxU+ofHK8yS/p+xxdBYjJGRaMq3uGL J2jsQfmVCxGYtCmaJLI7RfVjxeF2A9GJ56/UDWhbbuGmTbfQXcF4oKwGLp2r0cJ6l3tUxa32W7eN 9WbzwOcMgxbPN1bzZocZdjfbBTxvEpKaZ+9ds8EQksrUQWvIWBW61yAjlNBQiMhRVxeV43uENzaW k1NZL/zcs/T7NnLcdoE64snhyU8opIpqO6Ch0asg4gmgGYW0altmtupC87aBhqVRmCpu3spb5Yp3 abQO9RW1g12Ycp6Zd4DA5ZJtJTNiFCliKgolKP3GZIQ6VMRli0mZrHIP0NbaXieeG9iABlprSgW0 mgY0uQ2t4IHt9KdKq4AqCZd8QCMh96GT9BWFdvocxt2IBlcYIkwr7IDJhMo00C9bsxqwv8tQstqg 4WN9nPtOaDJaCjuN66tQBYdoVNIDNKZQM+DC80OY69HY2g783M5NewOfNtKux15zpMfU2u57rd4V Afe3poPzxo4xwjfX1883IW3e9DtAoNcCXjnGcwI0K67cgO+c/pr4tFvbYYBorME3F1SllLoOnltv O4gwaL5DpN297czwuKHXoixXhIrOoHmZE2WDQr5RUduijsxZgYS0qSU6iMDQLodojJAGzRaBJ/JW exRWY7UJ5g36XoN0GNGZjDuswxKoZbYQW9FBUk/XIUSt6yC6R1ux0UXuxKGfcjVaSawVOkPmLsNy Nr2vLfGPuefgXQ7/sPG+tjIRfUZzEzpIChlJn9TcvfqkfTodwlvqdl/HdpmbdMyEHJ3UWq5uQZuf 7NHY8hnEOYVWfuqSPKocULzQZiMvtDnKC22O8gGahVsFEJHr0NE67vQK6CRnjr71+c9LBfV0UGJ+ 3Kj39Zwo/Uyll9Ho379/Z+AYmhNtau8DgRXYDoec9TUAdyonNFN7s5TFY8Mhf0guiffr1z8dlohs NBtz4osBfTE4zFZOrMCciWT7Am0FnvVtaP9H/LhI4cpbSYmXEK8iGv1pGeW4dF/iH7tbLRxCu60i Jg7+zfErDPkr8MPxEyuPF/v3aL86Ikuvhjw7cN+Z+VNAVyZgK5syuQP9utGto3XZpyF2vJU73apy 0sPXoTmEl6qpsoJylVeZU6kUrXob10TCFtdCvE3sdXiRd0w1lswcP8tjiLe5xKUNIpWlUszN1Xk0 KHQDeaImqKIGyiEclABcAepwycI2iNZcBqkKClLtkiVrwYUD4x88R3/HuCpDhcs0n0ar/DhyU99O vFrRTuEvGKfLiKVF3S5Tb6V2dbKrodfKyO6iIq1qZccdX6aLLsqh17aNsjuvSnZBWjmX0BpVghve ebGqal5AbWSR4w8d+VBnAg57UYvlxiee3XGoCAuEXivlztpUTQa16uWST6Kp9W5V++hMJ65a41iD CYY2y40E73jLqyBFhcxUs1v6IfilasW6hPgLcCPxbUGBspYeHq3KVuQiWrpUdtmBz8zXmL4jCz3k rEYS6W87Wm/gf+LROgRnmKOHDmOt3rGV33RWx9efV0i/FWJZ+xQqE0I2iAYKGQoBVfJIZLZBkyEB J9CtaV2JuNsMaGFMFG3bKqCBf/KovplGUMuFSA1aJESl0WBE+YDWsAEt7NFIjybXZGcpgWhUXN1r ZvJHr9zPLcugvZGtJGashTVxsNdI2aNBwTCiKfTaym46+EqjoWsvd8ECeiEIzKLJkez05J+Ck55A WabXcgv8cBi/NalQDQa0lEiPRIBWOZWv0aDZO7umgNas6OZaNPTcVsSXPLFltH3z8Gd9Fe84B7Qs jPKM19D+SipAM82AnlMFKiRfd36YLMD5N2i2bFHBsuHFmhOxtH+lwijgYbooNx7hhVSlimCGVMuW pTwGtCoENKhyF7Y04TbWOqBRGSGaCrtr0Yzon+PkDQsK6lgBzJA0bXDZtsGf11gT12pj6qytxqxx R40VYKo8tmCGJHC7KyA2tBQvMLckZ4XDnRJmSFrCHOiyqIFrGuCCcAcf4C65pjK2AokvcveZhAQd daiDFZCKtXIdsJgevL5hDobWjc2ZA9qN8kKbozwx2sHvEuzRtuUzyOoUGvvpVt1F8lNoTycvtDnK C22O8kKbo7zQ5igvtDnKC22O8kKbo7zQ5igvtDnKC22O8kKbo7zQ5igvtDnKC22O8kKbo7zQ5igv tDnKC22O8kKbo7zQ5igvtDnKU6P99MHV7zsR+/+i9JsY3/hlmwAAAABJRU5ErkJggk== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0038_image008.jpg Content-Transfer-Encoding: base64 Content-Type: image/jpeg /9j/4AAQSkZJRgABAQEANQA1AAD//gAcU29mdHdhcmU6IE1pY3Jvc29mdCBPZmZpY2X/2wBDAAgG BgcGBQgHBwcJCQgKDBQNDAsLDBkSEw8UHRofHh0aHBwgJC4nICIsIxwcKDcpLDAxNDQ0Hyc5PTgy PC4zNDL/2wBDAQkJCQwLDBgNDRgyIRwhMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy MjIyMjIyMjIyMjIyMjIyMjL/wAARCACCANsDASIAAhEBAxEB/8QAHAAAAgIDAQEAAAAAAAAAAAAA AAYEBQMHCAEC/8QASBAAAQIDBQQFBQ4GAQQDAAAAAQIDAAQRBQYSITEHExRRIkFSU5IjMjdCYRUk M1RicXKBhJGTorK0FjRDdYKhFyUmscEn0fD/xAAYAQEBAQEBAAAAAAAAAAAAAAAAAQMCBP/EADIR AAIBAgMECAYCAwAAAAAAAAABAgMRBCExEjJBgRM0UWFxkbHBFCIzQnKhgtFi8PH/3QAEACj/2gAM AwEAAhEDEQA/ANq7O2GVbOLuFTSCTZzNSUjsCGXhmO5b8Ihe2deje7f9uZ/QIZoAxcMx3LfhEHDM dy34RHpmGQCS82AK+sOo0P8AvKPS80F4C4gKBAw4hWp0gBUvHfCzLt2iqUmLNW8USwmlqbLSaIKi nIKUCo5HJIJjNaF8br2axNuPTDSlSoSXWm2sSxiUE6UzoVCvKucZbYuhZd4Zt2emVrU65LIZZdbw 1YKFlaXG1UqFAnXTKK1ezez1KtFQnpoLnQohQSirS1LS4pQOGpqpINDl1QLkWCb23bS5u5mZlZZx TjqUJcp0g2SFKy0GXXSnXHrl7rptMMPOWjJobergKk00UEmopVNCQDWmoiMrZ9Zrrc8h+ZmXROsz DTtSkfDOBxShQZEKGXVGJGzmzxLbtU5MFam1occSlCcZU624SQBStW0j5oDIs27y3ZdTJqRPShE4 ooY6PnEKwkHLo9LLOmeUQ5q+90paXceE4w8G3G21BlvEQVrwA6aAggnqpzjEvZ1Zi7TbnuImMYfc ecQoIUlzE9vsJqMgFHqzpHyvZ1IGWbaan5ttbTSW23BhJSUv78KpShOLL5oDIyXgvjZd3bTMm/Zr joRLpmXXW92AhtSynRSgVGoOSQTEmUvXd+ZdZZcU3LPvzDsuy26gArUhZRXKoFSMq0rE127dnzF4 RbUy0mYmBLoYQl1CVJRhUVBSaioVVX+hFK5s7knJ+WmhaU8BLzKppLRKSjGXi7oRlmSOdKQGRcWb blg2yuYbst+Wm3WEhS22wK0NQNfaCK8xFfZF6ZK0Zh5qaspyzg1MKlccyWqKeSMSkDCo5hIJrpEu w7pydgzTUxLvvuLbkxJgOEUKQ4pyuQ1qsxXW9cvjrBn7NknaKtC0ROOPOrwlipTjKKDM0SQAe0c4 DIsGb0XXfmm5Zu0JIuuIC0JIpUFGMGpFM05/NWMYvddMssu+6MphecLaOgakilailQOkk1OWY5xW vbPWJ+1p9c7MrFluraUzJM0AGBjcgk0qCATQA00rGJWy6zlyDMt7oTSVIcxl5KG0rIwpSKEJqkgJ FCM9YDIvbft2yruGRE5LlXGPhlO7bBwDrWrkgZVPVUR5N3luzITczKzM7KomJbDvm8BKklVKCgGZ Na0GdIxW9cmy7yzQetRUw8lEqqWabDhSG8RqpYpmVGg1qMtIiz1wJKflXkOz00ZhyZamuIIQVBxD QarSlDVINa9ZgMiwtO25CSakOEkvdF+0CeEalgjygCcRViJCQkDrr1jnERm91im05azpyWXZ81MM tuobm2Qg4lqUkIPI1T8xqKE1iVMXUlXLOsyWlZmYknrMThlZljCFoGHCoEEFJBGop90RjceSUgBc 9POK3cu2px10LWvcul0KKiNSomvs0pAGY3rusGXXjPyuBp4MK6BrjIJAApU1CTSmtMo9Vei7AeYZ TPSa3phtLjKEgeUCgVJoaUqQCaHlFfZmzuSs2cRNG0Z6YdTNNzRU6pJKloStIqaVOThr8wiqRs6m 5W2ZFuUmwmx2FMuu43KuOKbbUgVTg1IUMwoDLQmAyGOVvVduZdlpdU1KtTUw0h0MrpVIUjeAEjo+ bU650MTLItew7eS6qy35eZDWHeYEebiFRWo6xmIpVbO7OEgqWD7zgoyQlwiii0wWUg0FaEGpp9VI yXIu3adhce9asw26/MhltIQvHhS0jCM8KdeVPrJgBo4ZjuW/CIOGY7lvwiMsECGLhmO5b8IjkTbW lKNrtuJSkJA4fICn9BuOwI5A22+l63fs/wC3bgDpnZ16N7t/25n9AhmhX2erS3szu6taglKbNZJJ 6hgEMEnOy1oMb+UfQ81UpxoNRUQAmKu1YiS4TbzIUSpfSLZCc8NKH1RWlOdDrEmdu9ZT1oOcTbLT byylCkAoC6FIAFTniISKHq6VNYj+491GVuD3UeaUFKWpOMAhVaE0KdQFEfWTnSsSZ2x7tLnnRN2k oOLCUKb3qQKFIy0rQhKKmvUNK5gS5pCZG7UomRnN4gvCjzBCQoKJJphyAr1CKzipv43M/iqifaTM mLsyiZZ8zDBfBDqjmokmpNAM616hFJw7HZHiMATOKm/jcz+KqDipv43M/iqiHw7HZHiMHDsdkeIw BM4qb+NzP4qoOKm/jcz+KqIfDsdkeIwcOx2R4jAEzipv43M/iqg4qb+NzP4qoh8Ox2R4jBw7HZHi MATOKm/jcz+KqDipv43M/iqiHw7HZHiMHDsdkeIwBM4qb+NzP4qoOKm/jcz+KqIfDsdkeIwcOx2R 4jAEzipv43M/iqg4qb+NzP4qoh8Ox2R4jBw7HZHiMATOKm/jcz+KqDipv43M/iqiHw7HZHiMHDsd keIwBM4qb+NzP4qoOKm/jcz+KqIfDsdkeIxW25Py9iWcJsypfq4lsIS5h1rnX6oFScnZF9xU38bm fxVQcVN/G5n8VUUtjzctbFlMzyZcshwqGBS6kUURr9ULl9LUnLJmpdFnvJZSqXU4oYAupBy1rFSv kdwpynPYWo+8VN/G5n8VUfPHTAXgM+/i7O/NfurEGXaZclWFqSMS20qOZ1IBMa+n22xtFFEignWR X2UT1wSuKVPpG89E2b6sVxbtkMLcWpaziqpRqT0jHKG230vW79n/AG7cdW2AAmxJcJ0GKniMcpbb fS9bv2f9u3EMzpC5LiWdk1iOKVhSmyWyVcvJiJtylOKu6jeowqS4pOXXSmf/AOyitui0Htj9jIIU QbKaNErCDkgHUggfXlzi9u0605YrQZcfWhslAD6klaeQOEAaEU9kAUkw9dSbUHFT7xICqKbU4aqx EkigzVmr6ieoZfU6zdTjHG5ybXjSBjBUsIwEJyyFMNA3X5k11zwY7o0JTKTANVABIcBxAnIZ5GgN NDhr1GM88q6iJxwzbDilChWshZRhwprWmWEAoB/xrWkAZrSEl/DUoZVanGOIBC3q4iSVYq4s61rr FNVjm194i5tNUkbtSnDIWhniAAh4HGCCcVcWda11il8hyb+4QB7Vjm194gqxza+8R55Dk39wg8hy b+4QB7Vjm194gqxza+8R55Dk39wg8hyb+4QB7Vjm194jwLlleathX0VJMYJ3ce581k38CvqHZMI+ zlDKJqdBQ2msq16oz6Ri2yNI09qEpdlv2O8/aEjZsoqamVpDSSAcKcRqTQZCPLPtKQtSV4mVWkt4 ijpowGo1yMVF9Nz/AA07hCMW+apQfKEYrjFv3AcxhNeJXqPYIWyuddGuh6Tje36LG2bfkLDSyX2X Hd7ipuEpVSlK1qRziwlpmWmpVmZbwBDqEuJCqAgEVFYT9oG7wSOAJ0c0HzQzWJufcCzqhFeFbrUD siDWQnTSpxmuN/0UdqXlmpK9CLOZYkzKlbKSpSSVUXSudadcNg3BWAS1StNRGu7ew/x4imHBvZbT T1Y2Inh96Mm/O5CDRa0IxjBrihIu/btoTl6lyk1MNrlSX6ILSEgYVUTmBWGe23gxYU+6w4hDyGFq QpNKggaiEe6pQb6kqwlFZrXTzodLwlkXctKgQDwy6UA5RXqWtFRmkuxehT3Jn5icRP8AGzSnsCm8 BdINKg1p90Zr8lo3fbwlFeKb0pXQxAuAW6WkF4fOapUexUTr87r3AbwBGLiW9B7DD7jSSSxdl2ok XMLQurKYi2DicrWlfPVC7tDwGdlsGH+UXXD9KGG5hZ/hWVxBBOJytR8tUL20PBxstuwn+UXXCPlQ W8XD9Z8/c//QdpQs8DLZtfAo5dkQgT+H/kMUw4eNZ000TD9KFgyMtk38CjqHZEIM8U/8hjDTDxrO mmiY6ienC6y/Fm9rAp7iy9KU6VKfSMcpbbfS9bv2f9u3HVtgU9xZfDSnSpT6RjlLbb6Xrd+z/t24 5PMdKXCJGy2wCnUWW1TTsDnlFhdObVO2C08ththWIgobbDYr19Hq/wDesVdyWBM7JrEYKQreWS2m h0NWxrE+5iEt3fQilHA4oOA1riyrqT7IAqF2zdJ9bikSBmfKLaLiEA4lAmoBKvkkg8h7aHPOWpdm WnXd/ILWpGFanS2CMIAzzNaDGkEU6xrTLFN3hsdMw829YsutwKUgklohWeLXkQK150EfU7b9iSlo LC7HacUgpWXMKCvzQdDnUYwAOvpU0gCVaT0obsyipZlUuyHwA0oZpIJqDQnrr1mKTime8/0YuZ6Z YeuvJLlpZMu0XwlLTVClNCoGhTlSo1ip3nyV+EwB8cSz3n+jHvENEVx/6MfW8+SvwmNb30VivUk9 PotM0rUU6R0ipXNKVN1JbKNi8Sz3n+jCbI3gtF2+6pJycUqS37yA3gFAEg06q9UOynOkeivXsmNd WYr/AOSVKor+amOrPzVQR3Rimp37P6HqdmWjITQ3n9FfUeyYSNnbiG5qcxqpWVZ/UYep1z/p81kv 4FfqnsmEfZyrDNTmSjWUa0FfWMVaMtP6M+XqXt83213adSldSXmsqHtCMVxnkN3fWFqoTMuHQ8kx nvqut2XRRXwzWo+UIw3FVhu+5ko++nNBXqEPtKurfy9iu2gOocRI4FVoHOr6MM1iTDSbAs5JXQiV b6j2RC3tBViRI5KGTmopyhmsNyl37NFF/wAq36p7Ig9EKn0KfMSbeWk38QsHo72WNfDGxEzTO9Hl PW5GNeW+a3+Sc/hpbqz9WNjJc8qOivzuyYPgMRuU/A1pdVxKb6qWVUTWaz/yh1t99td3bSSldVGW XQUPKEu6iv8AvYqorMzXVn50O14XP+27TyX/ACy/VPKD1GI+ovBeguXAdQ2m0sSqVU1/4VE6/Dzb l30JSup4lvKh9sQtn6sItPJR6TWgr1KiffpdbvNiiv5pvUfPB7xpU65zRlua+2i6solS6HE5lQ9t ULu0NxLk7LYFVpKL/VDHctdLqSgovzndEnvFQu7RVYp2WyI96L1FPWgt4YfrPn7jzKTLQkZYbz+i jqPZEIE8tK9ogWk1HGs5/UmNgyjnvGW6K/gUeqeyI19PqrtFBof55nUZ6JhEzwusvxZvawCFWLLk GoOL9RjlLbb6Xrd+z/t246tsE1sWXOeeLX6RjlLbb6Xrd+z/ALduOTzHSNx2XJjZTYTLK0odXZbS UqWCQCUDMgEH7iIvLDsxVkWWiUU4HVJUVFYrmSa6EmnzDIRV7OvRvdv+3M/oEM0AJS73sYlpTZks 4jpBLiXgUqAVmfN82ooT2qa1rGaavWxKT62kWSlwJKTVKhjJwg0Ap53SNBXPCvSkZJ+8dpSb6202 Wigx9IhahksgKyTpQAc6qHVHzM3onWJxbUvZRdbSU0CUrxEkAlNQKVJJp9BVeqAMlozqZ27MnMIY S2lT4AS0apFCRkcqg0yyhTtq32bDaYcfln3N8soSEYRmBXrMNtozj09duSfdaSHHH0g4KhORIBAV Q0NK5840teS+EjeCaYs+Wl5ht2UecK1OAUNBhyoecaU6U6l3FXSzfcjSjFTqRjLizY8haDdoWcxO ttOIbeQFpC6VAPPOEC+Swu9GJOY3TOhB9YxdOKV/xM4MBp7mKzqORjVt3Cdy51+WR/6j00sK54ee IvutK3jf+jXCu1bZ7n6G/wBx5KCSsFArqogD/ZjXdmLB2jqUnpAzUxShB9VUTNrJJuo2Cig4xOpH ZVCzs9JFrWTQV+FyH0VRfg2sIsVfVuNuV7nGHlvx/wAfdG2J1Z9z5rya/gV8uyYRtnJwzU50Sfej Wn0jFjfW+gu0W5NVnF8zcushW+CcOqdKGsV+zolM3OgJKverXX8oxhKjUhTVSSylp32dmdUmuiqL w9S+vqom7LowKHlmsz9IRiuKql33Oio++l6fMIL6TrBsF2W3zW/3zVW96nEOkD5tawXFJF33KJJ9 9OdY5CMvtKurfy9iBtBVVEj0VDJzX6oZrDWRd+zegs+9W+XZEK1/nkOpkghaFUDlcKwqmnIw02Ip Qu/ZvQNOFbzqOyIPRCp9CnzEq3z/AN/IND8LLZdfqxsZKzvR5Nfnch/9xrm3jW/qDT+tLZV+jGxk lZdFGj53MQeiGI3Kfga1uoo/xsThVrNZdfnQ7XgUTdy0hgUKyy8zTlCTdQn+NicJrWayqMulDteE rN27T8mQOGXnUcoPUYj6i8F6C7s/VQWn0VHpNafMqJ1+lVu+2MCh76bzP1xB2fkgWnRJPSa6xyVE 6/SlG77dUEDim86j2we8aVOuc0Z7lqIupKDAo9JzMfTVC7tEOKdluiR70Xr9KGK5alfwpKUQT03c 6jtqhd2iEmdlqpKfei+v5UFvDD9Z8/ce5RZ4GW8mv4FHUOyPbGvp812ig0I9/M5H5kxsGUUrgZby Z+BR1jsiNfT5J2igkUPHM5fUmETPC6y/Fm9rBNbFlzSnnZH6RjlLbb6Xrd+z/t246tsE1sWXJFPO y/yMcpbbfS9bv2f9u3HJ5jpnZ16N7t/25n9AhmhZ2deje7f9uZ/QIYlPtJUQXEgjUVgDJGKZW41K POMN7x1KFKQjtKAyH1mDiGe8T98HEM94n74ApHET9sWFJrUylL5dC1hSVNZAmhwmpFRTI841CxsU vM3bUxOqmbN3bi3FAB1dekaj1Y3yZhqho6kGFdE1eRyYS048htBQ3V1LaKBWLpZEmow1/L7Y3o4i pRjKMHlJWfhqWLcZKS1RRLuPbJuSqwxwvEGTLG83pwYqU5Vp9UJtk7F7yyDa0uTNmklxKxhdX1f4 xt5ictRV21KcKBagBw4kgYqKyOEGgqOqsVKJ+9qpp1KkMIZCX92rCk1IHk655Z6DrBzhDE1IUpUU /lk03y0LGbjLbWv9lHfa4NtXnsVMlKmUacTMByrrpoQAR1JPOKi62yq8Fhz0i/MPSC0sY8QbdVU4 gQKVT7Y2haszPCVbVZ7je9orGkpCj5iqUqR61IpJK0L0qn2OLabTLbxveBKUeaRn0q9Wpy1yyivE 1XQWHv8AKnfnoSLcbtcVYS79bLbwXqnJN+UckWQyyUKDzqq1Kq9STFldbZ7bdgPTLkwqUdDrKGwG nDUFJJOo9sOltTlsIcJsotOJ8nhCgNaqxVJOnm19lfqj2JP2+5P4bVQ2iXwqzASBrlmDWuuWlKZ1 iVMRUqU4UpPKN7c3dljJxTS468jWltbHrx2nfGZthp+zkMOuhYSp1WIDCB2Ybru3KtexrKXKP8M4 tby1hTbhoAQKaj2RcWpO3kbmXBI7txqrhSQhNQnLDqczqB9dYsLIm7UclpsWkptt/F5FQAwiqdAA cwD1k5+yLXxNSuoqo91JLwWgUmobC0vfmabs3YleeSeeUuZswhxNBhdXXX6MO9o3HtqbuYuxGuGT MGVQyHFOkIqKV6q9XKLSYtG+ANJdmXUcLdMQSElRR0uvzQa19tAKCLpmbtNV35dalIFpYkbxK0gV GMYsgaA4c9coVsVUq1emm/my4dgcnsKHBe5qewtj15LMcZW/M2evdzCHThdWcgQaZp9kMF9bgXiv HJSrNnvy8qtp1S1Fb6k1FKeqDDDLzl6nnS08pDKFBQDoSjo9IAEg16qmnIc4t7cm7TbbbVZSkL6C 94MIKq06NKnnl9cX4ur0/wAQ7bV76K3loJScoqL0WRrq6uy+8FhT8rMTL0k6GmVoUEOqqSrrzTHl 7tnF7rdtND1n2hLy0puUoWwuZWkKNSTUJTQ6gQ5yE/eg2pLpnUMJld6d8pITTDh6s6gA9edTWJds TluomaWWWFtlxsJxpFAmisVTXQGnLUCOKdaVOe2rX70nr3MTm5u7/wBsf//Rcrs3DtmwuL35lXd+ pBTu3TlSta1HtintXZ1fq1LVe3lqySrLLxcbl1OHojPDojqrzh/u/PW65NuC2EoQxugUKokHFXTL rpUnq0iEq0bylWJtDgaxKqFtNhYTX6VCrSg0oTXMRpCq4XslmrZpPyvo+9HbqSlPpHrqV1jXOtuy rvJkKyxmUpdwuJcOEKJJScx7RCo/sxv1ahWu17Ts2YcDe7aIURhBrXRAjZslPWuLDnHJ5J45JO6Q ylGI5DJIJoRWtCTpSsQJedvOp5sOlASVdJRaQAMs/WrSmfPFlpEjUcYuNln3Z8nwEakoz21qQbRu zeQ2IJeynJRifQhtKXXV1RlQK9U9Q5QsSWzO9ptZi0rTm7OemBModcLa1CoTTTogVoI2PaE9aaLK kjKgqn1YA7hQkoSaZ4qnJNeWcVKbSvPjQFtuhJKRi3LZoMQzV0uWKoHVhpqYqqNQ2LLyz89bdxIT cG3HirDRZMu7K2Yyy8kJcTixAGoFSTHJu230vW79n/btx1/WoqI5A22+l63fs/7duMzk6Z2deje7 f9uZ/QIYWNHPpqhe2deje7f9uZ/QIYNytJVgdoCa0wgwAmbR7z3lu0zZ6ru2SLQU+pYeBl3HcAAF PMIpWp15RKmr4vWe67v5VD4QvAWWK71vopONdcgklRFfm16mrdvd/wDkEebpzPywz16AjSU04KKj Zq+fb/wCy1fGYDbzr9lOYG1FRS2oFSW8QSnLrVU6DTnHktfRU6klmQKKSrr+FxyqiUAEUA1Sa0xc wRDRu3u+/II8DTg0dA/wEZgU5S/Ljm6ads1xx9wEpLRAQcwBnUjU50Jpl9Xjl+nFLLbFkvBTbgQ9 vDpkdANcxQHSmfshtDTgpR0CnyBBu3a1335BAC89eSfbQxMt2aXZfg0TT4b6RTiCiQFVoSKDKmee kYVX4SiVRMrsx9LS8ICi4NejX6qLFOfKGjdu99+QR5unaU3wpywCAF5F8AtRSiz3VEAqV0wCEitS R1aZDrEeTt5p+Rm5lSrOxyTL+6LmaTTDiqD63X1CkMW7d778gj3du99+QQArN36QuSRNmzHksrXu wS4POBAVlrQYhTnyhujDunaU335BHu7e7/8AIIAywl36vJb9gzEgixbOE0h4LLqjLuO4SCmg6JFN Tryhv3b3f/kEG7e7/wDIIHUWk7tXFabvk5Z8xMB6VS+ht5bW6YrvG8NKKXXIJNcjl1a9Qm+b7TLr kzZTpwKUopZNSlFQEj2qzFaaZ8oaN05n5UZ69AR7u3e+/IIHItyt8DOrIZs9YAlHJjCtfSJThpQD 1TiyV10OUfX8WblSWS2zOuKICVyiqJUScqV6h6xBIFRzoGENOjR6n+AgDLiQAHQAOSBACo5fd5LL yxZZSWlpSd46ABXnllorPSgB64zu31aBZS1KLU4pR3qSodAUyI51rlpUZwybp3vtfkCDdO98PAIA pLOvT7ozqGESC0oUrCp7eBSQSlSgMtckkHkcs4r13ym5GTRM2hZpShxveNhNUqVplQ15mnPkIa92 6NHvyCAtOnV6v+AgCjkr1pmrRlJNci6yZmpSpSgaDDiTkOY+7nDA58Gr5jGPdu1rvvyCAtOqSQX9 RTzBAH2z8A39Ef8AiOQ9tvpet37P+3bjr5CcCEpGgFI5B22+l63fs/7duAOmdnXo3u3/AG5n9Ahm hZ2deje7f9uZ/QIZoAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIIIIAIII IAI5A22+l63fs/7duOv45A22+l63fs/7duAOgLjPuouFd9KXVgCz2Mgo9gRf8S/3zniMEEAHEv8A fOeIwcS/3zniMEEAHEv9854jBxL/AHzniMEEAHEv9854jBxL/fOeIwQQAcS/3zniMHEv9854jBBA BxL/AHzniMHEv9854jBBABxL/fOeIwcS/wB854jBBABxL/fOeIwcS/3zniMEEAf/0tv8S/3zniMH Ev8AfOeIwQQAcS/3zniMHEv9854jBBABxL/fOeIwcS/3zniMEEAHEv8AfOeIwcS/3zniMEEAHEv9 854jBxL/AHzniMEEAHEv9854jHLG19Sl7UrZUpRUTuMya/0G4IIA/9k= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0047.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0047.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Emerging issues"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"250"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>4</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s256006" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s256006" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Emerging is= sues</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 56007" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s256007" class=3DHB> <div id=3D"_x0000_s256007_0_17" style=3D'position:absolute;top:35.5%;left:= 10.11%; width:39.32%;height:5.25%;white-space:nowrap'><span style=3D'position:abso= lute; top:0%;left:9.52%;width:90.47%;height:100.0%'><span class=3DHBB style=3D'position:absolute;left:-10.52%;top:.3em'>l</span><span lang=3DEN-= US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Age distribution </span></span></div> <div id=3D"_x0000_s256007_17_27" style=3D'position:absolute;top:41.75%;lef= t:10.11%; width:39.32%;height:5.25%;white-space:nowrap'><span style=3D'position:abso= lute; top:0%;left:9.52%;width:90.47%;height:100.0%'><span class=3DHBB style=3D'position:absolute;left:-10.52%;top:.3em'>l</span><span lang=3DEN-= US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.unece.org/stats/trend/"/><a href=3D"http://www.unece.org/stats/trend/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Fertility</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div id=3D"_x0000_s256007_27_53" style=3D'position:absolute;top:48.25%;lef= t:10.11%; width:39.32%;height:10.5%;white-space:nowrap'><span style=3D'position:abso= lute; top:0%;left:9.52%;width:90.47%;height:50.0%'><span class=3DHBB style=3D'po= sition: absolute;left:-10.52%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-fa= reast-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"url" href=3D"http://www.unece.org/stats/trend/"/><a href=3D"http://www.unece.org/stats/trend/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Labor force </a></span></span><span style=3D'position:absolute;top:50.0%;left:9.= 52%; width:90.47%;height:50.0%'><span lang=3DEN-US style=3D'mso-fareast-font-fa= mily: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"url" href=3D"http://www.unece.org/stats/trend/"/><a href=3D"http://www.unece.org/stats/trend/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">participation</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;mso-special-format: lastCR;display:none'> </span></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 56005" type=3D"#_x0000_m1032" href=3D"file:///C:\Documents%20and%20Settings\li\Desktop\attachments\fore= ver%20young.msg" target=3D"_blank" style=3D'position:absolute;left:408pt;top:2in;width:106= .25pt; height:293.25pt' o:spt=3D"75" o:preferrelative=3D"t" o:button=3D"f" path= =3D"m@4@5l@4@11@9@11@9@5xe" filled=3D"f" fillcolor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill opacity=3D"1" color2=3D"white [0]" o:opacity2=3D"1" recolor=3D"f"= rotate=3D"f" o:detectmouseclick=3D"t" type=3D"solid"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0047_image009.png" o:title=3D"trouble ahead"/> <v:shadow color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"t" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"half"/><p:animation= number=3D"3" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack" flag=3D= "17408"/><p:onmouseclick hyperlinktype=3D"otherFile"/></v:shape><![if !vml]><map name=3D"map_s5">= <area href=3D"file:///C:\Documents%20and%20Settings\li\Desktop\attachments\forev= er%20young.msg" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Dre= ct coords=3D"0, 0, 79, 217"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s256005" src=3D"slide0047_image010.jpg" usemap=3D"#map_= s5" style=3D'position:absolute;top:26.75%;left:56.74%;width:14.79%;height:54.2= 5%'><![endif]></p:slide></div> <p:animation number=3D"594295871"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256007_0_17" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_0_17" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_0_17" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"cli= ckEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256005" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode12" dur=3D"2.0" targetElement=3D"_x000= 0_s256005" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode13" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode14" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode15" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode16" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256007_17_27" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_17_27" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_17_27" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode19" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode20" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode21" o:presetID=3D"ppt_6" o:presetClass=3D"emphasi= s" o:presetSubType=3D"0x0" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"clic= kEffect"> <oa:animateScale id=3D"TimeNode22" dur=3D"2.0" fill=3D"hold" targetElement=3D"_x0000_s256005" by=3D"150.0,150.0"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode23" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode24" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode25" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode26" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s256007_27_53" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode27" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_27_53" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode28" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s256007_27_53" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s256007" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0047_image009.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAASoAAAM3CAMAAAC9M+1xAAAAYFBMVEX///9kZGa2t7gDAwNfkqjO z88wMDC3ydLN3ueFhofU5e0CpNsCVW/g4OGmqasvd4yXusnuMjf09PR90OwDg6rm8PTo6ekztuHy 9/jxX2N7p7j2+v38/PyXl5f3+PjCwsJXf0vLAAAAAWJLR0QAiAUdSAAAAAxjbVBQSkNtcDA3MTIA AAADSABzvAAATyhJREFUeF7tvQuDqjjTtc1BULwH249+mt2vexj+/7/81qoK54AB0VabzB5bIYFw UalUKicv3IIjAS/8/zT8P28LkwTCDZWrhGyoXEl5G6oNlTMB54ibVA1RHfvhr8TZUA1Rfey64eO4 oRopez1Su92GakxLbaic9feGaj6qi4G2FcArBXDvfW2orsiXAjp8fx1vRVUmeqvIt90yKtKRnGRl 4VwGfjRipauOuQOqWN0S9gxXx+3n47Acec4yjH+UgPPNK1S5Cyo/jsM4tkoNrFaDcAxVNJKn6C1R eV4SspjlXkYZKaVMZWDA/4EoIg5FldZClJc5fsdhlOshc0YP40Kvhurj6KarBJUfFmGYn1gWU4/l R8qQlE1IHFFlLKqqnHgUygjiGDJWdcYclou8VgHcf3+ftSxOGwuCCs/nJ1kYlgWekkIhggEiJQgK qjgMToaAf4r0SIy/ZX1GD+c4lLwaqv3eHZWQCShBcZi1UFHeTkSVgYsA0hALqoj/t8/g8AkXebUC 2BjtDlIlDyfyhYfvoOJBIIJ0MYgy8rXONKgAUM/oYcb/NahSOypIVSRaHGU0akkVYssZc/h3oEoh WtBXbbVOfZWKrgrDzMtEqFSaaqmqzpjDEQrgy9hVM/1VUuz04aROS4hL6jb+xSGp8iIUL/nOchrj R47YVOklCx7PVIdN4hGT6yUOwwv6/0zo5LdMUKzShE2RrIjjE/4GcRz5vpf6vh/7Gc7GcemdYKmq GVXgi596RaL/V2fMYUSO/OAlkIxlEqheOv8PzPyGyhn2hmpD5UzAOeImVRsqZwLOETep2lA5E3CO uEnVhsqZgHPETapuRZVJMw9tPA1Fq0disiFUp0Aj0N755Zyzp4s4IlVoFgfwEFSofNP1x+w7oSrh bfglqJSHoKI7IEkiOqUC6ajhmdSTA3Iy9wL4GfAzUzlELDgj4Ndj90TKaJnE05Ch0yd7SReDXapy 7VvBg0dxEufwOvkxPHdJDOkSVCifcWBOhnHCTgmJzn+IlfthUvi4CKIlcM/gT0UKV8KvkS7Gpyt0 7QzZUaH8pBAKPnjunXxIFbxVSBbRo8fkPOCbk4DoFw0qicWIHjrD2AeWsTTWxRadiOb0U3OxZM6O Ck9T4s0DFR4RTwoy+IRvr4UKB/QkYiV+g0pikQ5QUcfFZQ2Y94fn2Zx+D1R8cOAhKugZkarIz9DB 1UKF73qSqNB/YwqgxjKogBCi15OqN0OFGhD/4iCDXEApJZCdIg2holigvsARElNQaHAS2gjFNMxy etWDSGIRB6QqD7NUuYHkiV7n95Mq2lURnvGEL6iufHjIyQcyBJ85KrVEBn/oSdHwKJ1+EiBFoLGS GCSptmCe0WqgihfTA4oKvafvo9avqhGUuDpArbsEiNdrh4UNG5TOBtXYgKoeGRhfLx0WonrpZ16Y +Q2VM7gN1YbKmYBzxE2qNlTOBJwjblK1oXIm4Bxxk6oNlTMB54i/XqrQ5DftWTja0PbSz8Tip/31 qOhCEu8QHEaFuI3wiX9DVr8eFdwidEDC0cR+A/rn8BmnnuleaBXPX4+K4iQzX+hOw3hy+WRPwKAT z44qwdDYXxBEZFJM7LgBVZ7+bIj29w2RPp6qKDPVUxy6uX5yNL6jVDlXoHeK+HW4b0DvQBXqjnMM NgAe/cSwcenM64Tn1FUPRBVD0Ug/C/sIUBTlMw+TStgaWr8eVVSW2jkMk0rHFsjQAY4t2KQKZbtV AJWHSw/S60nV8Xg4YCkgPHD/Q46bUzw9ru8GqFx07suh2u925yOW1QCHy25/kJ+YDHo+7nfn8+6C /+TA+Xi87I/nvR3X70B13h93+G9/Oe747QAc+HPkgT0/+PuCk4fjx5nnLeG4/3aRolfXVWRwOVyO 5zOxEBXky/w5HM5n/ubh834PYBcbKsqcLt41L7xaAYQsnVHQzjvAECaUMBQ9ESBAlN+AeMF5IrUI Fcrsbj+PksR+NVSHHQvYGUVOtBVQiITpV+GF3wIRoCBklgBSl98gVZAf4SAK6nwmJxa5wx7HWRL5 GzAhWDgFtT8IrBLMwgkzJevFpAqMqjIGmYF+31M1ocF42FGvox68nA/7ixw97j+G5Y+15W7/K2pA ER4UMBQtFi/oI37B556/YB7gOz74XSL1AvQajYlfgerWZjQV1XForbuUxRcrgLeSEkVladhsqPrF j6So6rcCeEXmRKWLsttQXSueqqg2VNc4weriYoMSNqmapCW2p4mxoZpCpbansUk3VBOoxPasW88b qimpIqn6/IZqApWsLrihul73wbdcq/StBpxU6WKlt9wMWwEcwdVY6VWEDZUdVbfy20xQ58pvQ+Vc +W2oxlH1Kr8N1RgqafkNeiM2tT7kJaTERdUJG6oBKkvltxVAawEcI7X5q4a4Om3k1umtAPZZNW7P TVdNN5RtZoKm2KSqS67fRt4K4FgbeYLUJlVtaGJQWYdXbQWwK1yjZsKmq3qlUEmNK/1NrTdspkl1 dVVpRvNjiTJsWvBqUydvnTgyalAZmC2pwi5OZvkfmVTzclMnvwf7+c46IAbVVIrWYGw/N0t6ykJu ZgLljKmTrz0fkDLl9AQ6qqpGFWMRs9lTJ196PqAMDZqeT9iaD1ijwmKCmNg2G5XLILZ7xrlJV00Z VENdVaPSoem/aepke8DLqLXQMRaaBfAwtfsXTZ3UAS/Tzehuc9kPdepk4CfQ5r9p6qRD8euiCqqp k5GurPxrpk6OO17akvZLpk5OFS4pftdK3+avIiGd63Cd1dYG5I62o46XyQLoYvm802wIJzthcxiD gJudsKEiAdfit3VDuNkJm1TNKX6/Xapc7YRNqmYoql9ugrqa6TYnjItN9ZKLB4yY4o5m+vujkoVy JgKNTycz/ZVQRdxIIr+2m0TPC3qMT5OsZha/l6gBM6xBxl2orm0kBVRtNqOoqkjzit9LoJKF7XLu DiRbl8k/2dwso0MNe56Zbc++joHI0fHEj/1epQq/jseAB/AV80D2x0L8nbogx3V/QhPjBTwLYZRk stkgN3c5oePNL1Jubpbho+SeZzn2n8eCd9/4Ex/3YeyHhyMOh0S1xzJ4xSE8HpP4wK9HnBaCTj7i DsnnR5VhfzcsjwhMssArlpTE6pKyY5cc4V8cQ/hCfyeY4F98IhxK1dFPjlF8BKJ47/vHQL4KgLnF 7xUKIDtw45QSJXT8IkPHGwIoxWFiRI1nvvZxXKE6xQYVeAFeAZGCoCEYDebuenmlAsjdzeKUK27q ioncckq0FsoiAMqWSxkV/3e8r6UK4qNSRSEiv8KngCGIBltQ/F5BqrwwxR5noJNqOQv9E/cyS9PE R93IDdG8QlTYdxidoKW06IXRPgQlqKgjCt6R6usUHw4nI1Xzi99LoEo5LMDDpy6Gm3DxW+x0FmUx tjXzisLL8AsUv4o4SfZHyJMfHKHOE5EfLIKOPwE+UAwhYz5rwxmul1cqgP3WVjq2HCfVOuGoeWUW sDRLXDaHlha/l5CqDqvEr3fg7TN0H7OwpPi9HirdPdcaXFEtK34viGrc++GIalHtR431/Caoq2fI c0Q1y/PZNtd/H6org2PHW4W/DdVSRfULC+Di4vfrdJXzAAVLOfxdBfCG4vfLpGqxnfAL+wHdByj8 8gJ4U/H7VQXwtuL3q1DdYCf8Nl11k6L6TSbojYqqj6qaD/iaWylONpeHi5zN6QLsF8B6PuCLbqU4 OR9QV/i8KdjmAy7cStFpNt1PbSDI6X7r3FudQsYXu3ArxWeeD0hSt+4eaJsPuBCVsw/uThHHdZUu 3TVrgMI1a72SqjfbSnEFlT5wGJv5gG+2leKVlSaca8K2E6aaD/huWykudhF3KbZR1fMB32orRXrz XOawXZWut58PeLuVXjF8dy/oOpXfb2gur6XSf0GXaWfHgqvaaDrCmxfAtVT620vVapXf++sq61LE i4vhGxfAFSu/N5eqkUWbFwvV+w4akjbynNlGVxm+awFc06AyEN8VlUwgvSoosyK8K6o1Daq3lqp1 Daq3RrWuQfXGqNY2qN4X1eoG1buiOsruo6saVG+KSuypu5B6N2tdbPTbu/ys9tab2VWs+rAS8SzT 0jXye6GSVfhdH31uvHdCpWpqLgHn+G+EKiIpl6UYneGMd5k6D7uwL0uYcrUInTQrIcPaB+2QB97o XD7nW49G/L6jQldkK0qVLEfSmi2ry7bXocRs4vBerP5K4et2ItvGnS0UqLVRyVIInMpvAmf9twJP 3YuUghI1ZQAdzmfo+I9OoBlx3tcE52JbUaoMqiTyOXcds9SBCvPROcINE9bLMOSRBGsl+Gnmc4ny 9o8ojoGSMYPYb5Vil5Ip9jlAcZb3GeXw4+Of6fDxQa12Prfl7jq4O6CKc6wfUcRc+wDlERtykJkK XLU0OWb+syxyoRcs7M4fGZZ4iRgzjzPr6kvfF0rI7iKhs+C32FJ49N01QjZ+clEFd+7sDDFEdwdU iQcthefm56kkLXl2RQU0ABRGEYe9ZaGHUqo/ch9r4SBmFuqy3N1w2I3JiTzoZUhJEFxIoA6IeFXg /mnQ1eTWbwOaFW6AhJBK+cRI1ZMZYmpQ+WWcY0Uc3yc/rCmR6I8AZQ+owC+X9SXa4fs8Wp4+RKRa oAioJR9t2aiLGxSWUHOQQgG3V3lbUapYnPyC0gNIIASB0RGT+mlQlSyOumQJSyDkSH6w9CmqbjXq ecdKoM547rMWwEpbq5LamXJZK5/reqfCBt1G9a8VwKSC+/g4u+jNfhy7XcXVyyAQKHFAlcdYB8hL wwQrSzUAqLRCmFsnnCWgLMQR+QH9D72OmAF+NRXl9948wO4wyOiXWFK7+mV/XydkjdExKvbn857s LOQ+1kOFVYBYqGCFUjHjf8LgwmWRyBCtU54XxZVxVTMRq+pHlOEIY1ancGJfCdRlKPx/FdS+yb/j 4gHXgTbsKpND5O2yJqq51wp0dSV7OF5MgWjjqKOqJXX+20q7GqoOTMMNstZ6K+4PutZ666fRlQa/ Kk7/WAQKiwqpkupatPdBVXNbU627ox7G/D5AOdfhXGlYi4ZC2lwtqb72ujOqNduAC1GRkrXusRY8 rOhllFS77Mmt3xzVecy0/Ni3Jkq1XoIBdbGcfSAqLBqGqlubZ6aRNiIoK+mq2mKCUH3saDZp2F/O I+ZeBcra7H4gKl/tvySDdaOfY2ENVN+1QgKlo1PhNaBGOd402+964pYga8WNlexOaKTJ5zxUs+YD 1trJfZKe6PK1ZvW537Yfk1BgJhc0tPE/XU09z1wbm12qHOcD5vmhruD2jmnSPNVa75KOh+jWCX9X 0rfmA/ol/CA3oHIqRJ5XOwnGCpLlOsbJuZssqA/UVchi4qeQp8B8ziyATqgqDTX91N1LVaCGzcBO vMeigj8A7Xx4U/Rznq66jqrypnzMaSM4gnqoXcWFpbnwLd0D+rkuqqqxYjfBR+7lDOqhqGT5cjQb xAupnyNhgbFwqByVjdPkuhR639oqHrHbexd4bAF0yL0aFFwc1zkcaxPqH5uVPXqdXJswu/2gDWNN 8uqovmqfEyzyWSpK+2GcQT20ADpLibtUfTdNvN0M26BuE8N94CZRzPsrS9V37ZxzbLmYl/UXvgb1 3M3qYn1hVHttvFyumEN95SyubSl5dt/CqPC/LCrTepmjnmDJG0XOvmJ3fWBiviiqozbz5lR43/uG 03mmQAmsl0T1pdp85/7Af+tih03t3ZN1JO8lUR0J6sO5N/ZvU+7O88tdjeslUXm7fz5cn7nhdNk7 w30jE/Tr7KaU25wWFrvmRq8pVU6gWuVuqXp6fV3lQKqtn24rdy+uq66w+m7p8ZU4vaqxMEXqL/qu jDk+r1l4VVTfSle1Ma3M6Z2k6rslTbtb7YI3Mha6j/LVpgRMMxwrV0tdK8KLF8B832gmcavcCdPL tgEl48f9pdbf0tu5P9xsZU4K2WtKlQ5FrQMorWcTvJm/qiZ1Od9bll69YSNL1+wPs/y9czT4G9WA x6N778HNiKoLvKauWu3x51xoQ+VMa0O1oXIm4Bxxk6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZV GypnAs4RWxNym1WZWuszWb/OOL/I23ZtLGjejOMum4VhktrRMOP8qZnpY03fPl+vvhAUFYFjEVST nI7J9Pl9UmOzpt+PD06feJvXUKXN9JyguUGzKMeM80kz0tmavn2+QnE81U99TE41NX/6/N6vY1rT 79tzjk6+o4Pp16NK4tJxJaBfjwqTRZLxiW3t8ngNVd5cpizqhI3MzjhfNLrKmr59vl5ECAWoCiiA VfCnz6MAVsGavlUAr0xsu45q1nzA5fPxfjolQOj0Nqeq+ab5gBMz+l7i1BqonCi/RyTMm1lJV70H j4mnWK8GfHtUWMtmJbvq/VE5P+E1Y8H5Qu8fcUPl/I43VOugKtmsTWEo4k/Tqswxg9zLk8Z21zgw 67Mi6cySVo3Za49KcqSobPeCbgZN2f5snuBKeomI7CB9N1M4nHFpjm568zjN/W9FVYZ48gTrWWBJ Qr/EumdNnXqKg4CLM7YXrMqC8gQDJU6StuEb+wEWkOvVxlwkI8HifZEsJ8o0QZ1S0zdXSbAS5LX0 +qRYFDHuZ4qH8Vb695fHae7vTGpklunJ1x3TMZ3eGGhNq1KWHqTV1p30jKUKubBDe/kZTMRPZAmD to0HQlgYE5+MzSsxjaZsf/KUf+LVeumxsh0XSazT148aDjOF3A/Sa14s6a8yG9NVXKQRLJAr/4Sy 0rQqsX4xRIXrg3YX5YEnQ9aobbXSfb8Ms357lCn1phXqPMx0ddvWp7kKbmFpz6Kst9PrM2KV136m Mi6K2E8vj2NJf5XU6NxlWc8ygvR6WMQyPjU3PMUZlp+VDdXb6xexyWlWE61vmoYoxv32KCJFHVQp 1oGUlHZUw/Ysl40YoIq5amsvU1xjaXh/PE6xOqoUq2DJ62XJrhrgUjL1BbZX3cUqouaBm9cTptA7 /bea4ZpYlraWqhSxNGUhUqWfxuGqq7d2m/5IbZOKLORywO1M4c74Z3EdcFncllRflyeNMVUAqS5E clDm61albqVuymd9F2QUtVpXVxGS5qrXHsUaUXgqs9o2Na9J2ddVKri99KmU2yZ9nYU47WWK651B rIf3x+NY0l8lNoIq4mq7ack3GJQBlsOq65EsLFGD8bPtO5RFQQc1YMFqrlcDZWWBAtTUQGHEGqld 9zU1IO7UurM+CxRgSc5VDSoHM7+UGrCbKVVUvfvr46xXA3ooBgWWKaLtFPnSv1K3KnORtFzO1eGk q6liGePWwayQ7oZuezSFBsFBmCAak15ErNQqKdufgiXxYVF002PRad66Tq+oTpKdXqYgrTzaTW8e p5u+/Sij3zdr3QkTI22oNlTOBJwjblK1oXIm4Bxxk6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZV GypnAs4RN6naUDkTcI64SdWtqLivkdmVE3499XR3fHnON3ifiCN7mWKDrVLH/eXotdJuqFmLHb8P ofpJ7KjYr5mZIZKQqg2ViopNWORYGRfcuw2yhZ/od8dubuwoR5cX+gZ06052dXM3TtkA5iRf0X2B kQp+hkPwt6Mr/sQd4PDLRy9zleolZW4KVViiG0u3l0QPcI7vYYFukQz9S9jNTnq5scOibAbIjTkj 9uhxW0H0gaJPK+XGnTG2V0yZEgCTJtXboVJ5kk/TxYafGJ6B3mHdZJGo0ANtdunUjj2MnkEXjJ+z W0l2CSRhdsZA5OpUb4RKdkggiwqV9inzH0oZuqcaVCVQ6cacRreh7y4uTvwBhhWqPDxRqirA74QK Xb6i1itUgY580QEfCG2p0g076u5yFEn0tErRlWEEkgzx9Z/jcPpnZDkyxJ+7cbZQYYsXbNKJvUqp jPDVbN3JAshfujGnoQBOGP/BbZq1X15QYbwW6gfd8PNVw4i1LiYoajB0AbPfGH28MB/kp27LYbbu pK6SEWVVfH5FXzH1e84PbNOJNNwsF0ebVC9J69aGzcTOZy/JYyLTt6IqZu5s/sL8bkX1wo8+N+sb KmdiG6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZVd0QlDbyxkA22bRwekbTRdSuf45rXCZmMe9bP 5WG+VNEf0w+YI6RheNIWHRHrOW7jF4PLdVGAmwyTBTBnpA4c0k3n9aLL1YnmoyotqOBQ1zA8aYuO iMn4BuPVxZZKFfw8Cdw+bVS6ufn4LZ0YLkWVoN8hiNmzE8dFEbKzgn0VnCiBDgq+0pK+9EDgydzB 5MRPnqXPSz0S8H1VR/DDCwL0XcjF/AjuLszHiGXfWu3xcA24OWYsQbayAnKZlacT3wumBtwDVXSy Bn3NIiacFJWmGWfbnOCOSkSq4CDFBJKY3Q7cwTjADIcYk088+NkxtwJ+PfhL5Sy8oZLvAjRxhGDl Xxnn+M6L0V+YYJ/tjPNhsnSgZapNxOtN1/WL0sRsKfQNwQUbkFeYcP5GINNAbwpWqbqOKg4wCwez akN4PEFQXxg+ASaMkCmg4fxGTtXxpbDhTddn6XOWFNqRASiBQcWZdXJK/9cuD8xJG4RJVHEenzCR hyv76EsgNnSt/Qwq9jtgXg8fukAhaqHKeSrPY6hziQR4PGtQ6dk+KihclSp5uAYVLo3Oizzm2+iG SVSYWMiJVKxQGlQ/oqs4gkGEWfNRPR2gFZi7pF0S6B9EJyAjQWWhnGHxNGhrRJCznNEsFyACXgVT t2yozJxdS2UxWZJOIdBjMuAjpGoyI5h55gcp+ily9jRwgnmMbgh2JWfojOB3UTT4XyLl6DXFEU73 RleFnuWkXgLHpdhnwcn0klTlgBdjxY7/0SftM/W8olOi7zZkWaaukgLuRwX6uRcaHxWN+TVgVnIC n6f/40P6ISIpIui44FQ1HsjkACOxO4JH/Ii/9Kx0SrR+yGF0fCAqkONiVOT8P+cb0K3JZwQAKpAm Q5UjA3gy1BRFwWvdEuajWnq3W+vqpfddLd3jUAWzjKPVHnC9Cz0O1Xp5/qErbaicwc9HlY61Oodt Q/sikun1tV6jmzRwAG0ejVR3N2RyPqqR9q+xsTrvqNVibR0fvQDimBQ0H5YHNJZlBJ0tDA87Z/IH UNE0HAsjDzgPW8IxcDeismTSiur4aQ26L5kIBdfgYJMfTT3NFNd/EI8BF2JBywW/sXaHHE/RiOan pGEUKYA4cdIjYqjDlMUF4jAu0I7h4eYONk7R3ho0KlYXCDgYp7p3oPdZkMnOra2oPv9nDccGFbwr MH/x26wBrc4B+BWwRlEBzwFg4Z8c5Los4l2QNDDI9YXhRIbWDVuyQgstHtNQwjdEqe9glaju9nL1 PnMaN0ZrgIt86L15VdyZI8ZmZ3IVVBhAi38lfBwYDqvEOH4qwTJEdJug/QKNUTVVtBnMBGjIqliK cxRZxw8lVP+rjlZ3WIAKbi54YrSZJPfGteg2m5vJ7q0XFkCMai9TtuXQaGAL2OQi4SIkMVq5pzgq KS963KBCGrqOFJU0uqdQ1XeYXQBFvIGqubdca34mHVBZX2R1EK4Cvic22SDSwMSmLWRbFBS+ie8T I5LxTUqAFkBKD9Ng6Rw4GiQBxmtjOSagrYqeKYAGYHWHycxYT4ryDJt7650XZPJmVHDoUiGjpMFh XBq1ruMZoZpPwIRbwD0An16c4i+lj45fpoGql4h0PcTwcrJcMKpUAXIBKZAoO/Ud5qOSUfcywhf3 YzHUO1eDLmdk8rqump+76RQiiM8ermZyvl214JFHOrgWXOmOSa5m8iGoJntZ7/j0sy59NZMPQTUr y3eObKbuLbjL70FlWjpY6XFh+HWoFnKSOvX9ZkTCWIf1JnPxsNQfem/YNPVD2iH4ZpqqMHVmui/e ERVsONpp7JDXRqYwY8GjdVU1VWe7xN4SFaBoA9Cg0v5lopL/pakazR5o87aoqj59hdRFJU3VXFsN 7uEtUaEAauOTva5DVNJURaNwQ4UROWgfSwOQCp4DTcgMB6pCyFYg2qAzm1vvKFXuZWpWzA2VM64N 1YbKmYBzxE2qNlTOBJwjblK1oXImYImI3ib28PTCJlUWVIXPZVk2VG7iZtk11ypVafB7g84mqMY2 t7laUZXcU+aXhlzodHe+UGDPp6u+642A7/1lYqd4HXzfDc+H6qvaCf7uf3UQlC3oMmYbqvoVjKOy lb8nLIDPIFW28rehspW/L2sXxaar3OysGTUg9pWMoij9ym+cK309Y1cK4PF83h8P58v+cNzj43A5 n4/7Mz4O5zN/IFzwHXH2OIt/42FcV1lz6SpVndmUaCKBW5arDbJyuIIKfC57kNodz7v9DjBA5nIG lt0enzuMpsX/O8Q5Xi7A+tOo2tN1MY8rjaL8K/93JWRXUEF+zgSxO+4O+Ib/z/gufw4HftsD3R4S R1SXSYPjTlL1X/4FIhAn+7RmPRqItKGU/ncDtmlUfHpQolxdjmByIBfIEcAxsOwJuj1KI1AB38ML YPvZFRu4BRPcgK10WHdiyPQKqt2ObLRwiTjtjvsd8AgVAAI6hQgFhi8/jKr9eP+i6AEbwNixzZ/Z dqUA7o4sYxAfFD6occoYyx6pHaDNBZ1ApOaaVFWHOxVApxKV5xnKXw/bXFjTqERQWMbkg8odAoXq joTwoepqB0WPvzj/E7rKCVU7UsZSqpI2D9Y0KsrSAcKCv5cdtPfujMK2wydFCKVwjwKKuhFydsHP 6WbkT0rVgOd/FawZ1aNzwwYlEULE/5tv/GGONn/GgN0J1d//fc4WLCb418CKnGE5o7rZ83AnVH/+ 978/E/6dCYxzYb06qr8ylWuZYM2UrGdAhRE0w1mqrg2bvxCrxYI1C9YzoLIubeSKyvOOtwiW92+q 9up1nfUEDmPMmXL1ggZYvcQSPgSW/ZzD0URNB+5J/cRB9reQ6VNODuMstQcVrEs+cvrq4Vxbiqd0 6gojc23tM3BvOhrZMszmK7exGAqWewEk5L8yVfePzsxdElKVrGiiPf0EugprAem+Dp0wD1Wtsf4u 4SRprsJ6AlSYz7kCKs/TOeDLBesarCdAhSHINxgLLSn6Ervhc7lgTcN6AlQy2fXmAigXUME6LC6E 3IpDNbzFU/8MqKxPNldX6UVUsP7cIFhYwGsE1puhWkOwxmC9HSrv+3bBssN6P1SVYC1sQhttYCmG 74iqEqxlvplKcxpYzdjLt0TleYebmtCGVu0qNVXGzS471wvcybU3Yhjc5pupLtqB9aZShWddRbC8 Fqz3RVU1oWdK80BKa1jfruXn5ngzs7zMBO0+6G1Ov/paFSz06j0m/AAqI1i3NKGVl4EVPIbUD/Uu H29uQiss073zGMEalSqzTHNPSaxRAFtN6Bt8MyZj/8rgh4cI1igqLv59wxybq4bm7b4ZhfV9kIY0 xyHcN4wXQKw/ZwnOE0f+2Z3L6ekk5U4M0v2Nk06AqRDBmhqSNDFaacYpW07pFsLeA65D/IcTRwrZ YcAviqnpJEUhGuv/kslYLhNSCsF082VcbtWPw0GbWDgf2wH3g6uu0s0YPs5XyuHN3mQUQBa7w141 1l2L4OizYFF8y9pNrqi8w073P7lMWyPGN3NVs400lHC4stZFsMp72g1TT3JbN8SXgbWbruZUsJb7 ZipURxGskwwLuk+YQnVrP+D3RSXrYz8uFOgsvGl4Qy1VwCOCdT+7YRQVOsBde5cnQOzNfkT7qSJ2 UxO61Vw2ghXdSbDGTdB6u7U2CWddVSc6mO12LhOwjGDNbGTpLbqehXsK1szszUeFh6mU1sS9lgtW F5URrLu0dB6ACrAqpTXeF2iGN8yvCgf+qrsJ1kNQwfqpldaoYlvomxmgOupw0vUF60GoAGh/TWkZ wZrZsWrzgt5HsB6HCs7ia0pLBWtej70N1X0E65GoGqW1G8GhVeGsoSAjvvU7CNZjUUFpnY1ZerYr La0KZ/ixRrshVtdYj0bVUlr2trS2Ct0bOuM9Nms7/X4AVaO07G1pHRXpmrGpzi0RrNWa0K45MsVl iQlqK2mTbWnjIJ1qODbnJvsBTRN6nebzD6GC0ppqS6tgOdmjV7pMV/TN/BgqKq3xtrS7PXoF1Yq+ mQlUuWV51bUKoClA421pZ3v0ekf8WnbDBCrbvqcro5pqSzvaow4TRyKBFd3qTR7XBxYf6MiiTDet X1UkpsHzkXR7LYrk/0RjTfdluHUdSJ/OyS3uvFiydgS2xh7WQc6dW7O6rIxZ+o8fdTvEzmKPXiZ7 ydw6p7TnS4ktDmOdWxy37ojKrVafjFW1pXuuZQd79Mupm6b2Ji8vhaNdpty3z7INxOq6qvGWmrZ0 D9ZVe/S6Wler6vYm9JhaxyLk2KhwcT/gEkGrzNKuH/6aPeqK6vZuiim76qFSJX5yY5Z2/fDT9ugM VDcK1hSqB+qqSgorG74Da9IenYEKgnVLE/onrXVrKbXBmrJH56E6HJb7Zp4OVdM6bEuWurFsDsG5 qFSwTtNrmljb10+Iygpr1D86G5URrPmwnhJVC1aTvxH/6AJUpgnNkTNz3DNPiqrxO+zqHNrt0QWo wEcdWadgTqf986KqnTQNLJs9ugwVFik07Rv3/sJnRjWEZbFHF6Ki+W6GRLpq+OdGNYQ1sEcXo+IK TQaW20CjZ0c1gNV3Y92Aijp9htJ6flSedzYjS9Ws6tmjN6JqYF1VWq+ACr1hHVgde/RmVNDwbkrr NVD1YLXt0dtRtTT8ZJ/hOKqTb1lI937+qqtum45kNfboGqiotCoNP25pjaJKsCflkNUPoupKVm2P roXqWNvwY0prqgC6jjAeW5Tp6qpLMyPkufErf+zzNL9IJ8VxzUWZAqwAJZ071sWbRhdlYkdE6eYF HVnq6z4LdJluVl5cvA0fq94mMT0VzguMyYwt7ET8uG6Iq5qqNUhBnfAcDK/26J/P/fLOhUHKSmlh MdpemBgXkD3r7ki1E94s6Gd4pbIc6gphxCyd0lU3TBz5e543THGGVIkTvureUXvUBMrXKrzsbekp VDdMRzrssFDwTJttFq4a1tf+UwavrcvL1pYefRzsYR0un2WKJZURLvuZw4Xn0KqHaGFjh+NhwOuQ 3lYch23p8TcfBZaMu9pVh7OwgmjdsSBWPRZU8tjv4dCXr8/PG3l1ldbMQuKKCq3ahtbMe8wQrRYs qRV3l/NnT75u41XBolk68zHcUeGBv7GauYbJiVsz0Ayjfp93ZiSNMbgIbHf509Vfn/ul8tVqS98T FauqitblcCe19UXr53zZffSIfXz83zq8ag1fOi9sLm90llSpDNxZbWkbUKzFPSSsD+z/ZJBWUz8u ky9t78zbGGUBKqotrRBREGcKsUPZbDeXFRgEuQesy4vm1wHNT13N3zFAaVmGm03lbxGqu6oti2dB 5sijCu4C68kXGkRg9vmJjZKcsB33Mzd3WoqKaquxH9ZUW6NOGAUGJVbre3zp82oMV8W2n8A2s0Tc gOpOauvaYGwLsDFedfuog60upQ9FBbW1r9TWtdUqHNSURHFy7YkS60sYZayr9Ds1gPxol9KZm9Ld JlXybLCENKzT7HFCZcY42oFpAQW2K9z+uL49jbcCqpUL4gxULWDcNhBv66NvXExh+xFUazZ7ZqOq rYPac4edAqEWrmIbRZVh3Oxyz4KDrK7U7FmOqm1R1diwNxe1qY3bx9hDoQ/iBn+VA6qVmj0OE0cW u5OxE97lcqmwjaLCk1h2XrbqquUTR4rCr1rUlwJh3qSNB8VmxpBR37dlT+3SLB56rO4xcaS2H5KC GyrOmnLygLXQzDisosDCa8MgFkQe3n+SmymnjdrChpD7L6cpk1URd5s4sqgMYtNcbqaLMqjGzahW sfTXrGUsWO5ZN3s0V+d97mgcr6PWK+cEGtttOpV2mEZl3SJ+JbvK/nrYYOvmDV7zq8BuQaWy1hOe bh7qX5fLeUyqfKxLOHQ7rGOCjteP3zkqnSGwiXUX5qKah4ebWEPQhOjoWyup8gfPdG9UekMAq3V9 1QrCRsBWL4gLKsUzUbZaLweaSeiYzuWW8XVVwLu0HoNK7/nXCmyfd104I6iMHnfCI3TseNpm6hOj agHrl8l9A6yFanHZcvOHPj0qI9U5dk+2APvGwry1ZoZ09KL0tF4lPYapo6+4ivYqqJQYuxr6wK7R GVM9M0Hdtx/QrSE4P9bXEFhbfBxVz69ApXC/2nZFjceo89kcHBK8VgEcSuA3DMhlqscBTjfKq6Ny 863PxmJLsKFyxrih2lA5E3COuEnVhsqZgHPEcalKw7X2Mp1vZM5I4eJZcKYxGXEU1Sn2H+YwnkFm EPWePTZdN/OEHztxRfXQiSOrzhO5/WLaVeqM6lHTkayzl9acjjS9hfzEdCRnVLeUn5vTPoGumiFV Nz/uLRfYUDnTewZUfmixFh7pW3ej9QyorDndULm9QMTaUG2oHAz6rbnsAEmjbKg2VM4EnCNuUrWh cibgHHGTqg2VMwHniC8vVd/Oj9qKOGMiYJNq1hBVd2vdsrv1dTN3WSLXVQXbpPxFiYYzHqaeybVh s+yp5+VF87nsqVdFxYkjw2ldGyqLIPm+57p+lS31zNmrKiCLEi1ZZshflGgse9jwIBuuTe84G6L0 rVMHrmwavyzRkr0x/EWJbM/EgkdMjqgsc2wWzZZZlmhJqkWzeaw3oqTNQHW9bnvvGFiTMH/sNhov yxN9y8mGyun13WYsON3ivSO52lXvTcHp6TZUTpgYaUO1oXIm4BxxRKpyzhwsYh+2K5qOmBuXxNU4 Nv2tn93QJMJqrYjPbb7MDEQcgG0XDFuhiIM2tZ7QezR30qOWO7UTSSZbd0JyJBq9k7l6hvFTrUR6 D0ui9gPaUQXcyAy75LHRKAYGd8wzrNTgsCxc206EFL5X1qMEozgrY0yeznCdTsAhLFaqJ/QezZ1M 9OGdeonQuG3ulEpLd/RO1dU5OblJpE9jSdTJq70NmHCxVUpE6OERSSat7Ff9rZ+dkLYSUQnmXjNK 8ORjOr78DrvOjQyyFpoTeo/mThrdcqd2opQi1boT7mx+W+9kri5ryTbZ03tYsncdlaKoULHsNK2i EsKa47yUqG5oEnleigv4vhQGhCz2sXABV5serjjtAw9PRHqP5k4a3Xonr0qEKFxuuLmTB7YTdzJX j1OIQZNI72HPXvOII7qKT80CGHqRn2GCuN4iKINMf+unBZUmQj5Q9gs+gyQiqpM9Lz700RAVE2nW rXeqE5V8C+07eenknfQ5MCYPX5rs6T1uQIVXZ1QLeGb04GCkpfg11UExcFOIHJtERvxZGHw/h2xn Yc4VMfqyCPHAQTmh96jv1Irev1MrkYdXIEHvxOzhIqN3kqvnYRmFUt80ifA0tkRtYRiRKrMwtM4L hwbxg9YqKdrqHra9W4mg1CVASTFoLnCw7zHLBKme0Hs0d6qj9+/UTlQvc2PupKhG7yRXzxOsUSwZ axLhHpZEbVIjJmjg41IQZTAJ/IS6MKwWQNbf+tkNrUTCBlURCwpDGkslLcWwE8oQkcwJvUdzJ41u uVM7kR8neJ/NnRLcCfcYu1N9dQhqk8jcY5jIAVWKlVy8LFAhlYVksqCquvS3ZUHkdiJdfEYvoF+l EtDPVsi4Zkx1Qu/R3EmjD+/UToSbcvWI5k65ZnTsTtXVuZ9Bk8jcY5DIAVXvgbafJLC1AZ3lYEO1 oXIm4Bxxk6oNlTMB54ibVG2onAk4R9ykakPlTMA54iZVGypnAs4RN6naUDkTcI64SdWtqODVa69f kcEH5BvnU/XX3AIOvsiy1EWVgesDZ4fD45rMS6dFxi4M92CulyONeNBWCyNShd6atsOSWbajoj99 ApWla6qf9auoEp9vyjno9dBZlNLZPvEWna9oIo6hKqXnkR7FHH0ucVFGEb8HHv/iEDMPLyK6OqOo pOjwtJd5+hYlgp7myYjezNqN6mUZzjCiOB/5aPLLQ58eIlJ4+ZPXwCvKMyyTi84DHs4ZL+I3dk5J OnGr4nLVNaJcUGn/iW/2bkUk0tZsIGWW5bjwcOndaXjjUuUXZeyjlyCM/VOIhWqRbXR6xyf8DeME PaLwYie5HyYFOlBy/Ai4W6p0pjBNddrHA/MczpjCmIUs3ohB57agwhos0nFTyj/0NyfseuQ1yixE 97ifwzXPTmh0l+OL9vuRFPJRskMdneF6jdj3BVUccHRzzFIo/RI4bbKBTDOfZYCo02j6Z8dQmR4E Zp29LXgDCb4yNf9G0s/HviHppUE/S8EeHBY3k1N52Xoa4hnF7EKtAjoXTULG5j/tCiz8LEzQCw1O 6EqR+5bgy5U0EMk/MZ7cjx+m3OLijFLoNQI8vWbAL/kygY/Cjkv5J8mGJpa+3eFuwVfIjaEqpN82 xkurehL9UjuvINU4hBvjdetdgYqRtNNec4qf9WnIECK2dLNExL8U12eCLMQXdLPk8ekUB9KdibNy Xy4RD1S8MO7Ibhaua4PREbH0iiWMQIyQPhwKDFXJBb6zC5nx0W0Vo3JgNupc4eZzNCCLyrDns3pW 3kbLhPzfQ5WgN868IKJCB08XVXPaLDINEOa1VaggDkaqzAn026OwUUAgHnLfE2SDzwxUuEyFqqos 0AmoHcWQdHlFPVTmCLLGERMsB61M20bGTsrVFKr4lIem/z+AdkV20qwQqQLDHGMMoB0oH0Clo2ba UlWfjjAMJough5HXk9CqUIW4BnQhuukLrQ44YYMygsub+0YBxIGlKs105AT6oFHZoL+QCVA3Qmf5 fgDZkmtApwcibj7eZO5xvIjofeqlktmoc4U6QysA9zCCSiyDFAodpRxfIa15EfEPdDvsCClNUNZ4 iAR55KgBDsOh1aCFlLqtPg2hP+WiiFVBcMgD/wVxkqRQuHgNOg7kVHgRLqOGFK+BCr+ICohDLsOw eG1cDAxi2ZIAGgLlNUsKvCa9hl5SzjB5tR1NwA1vmQ3NFfMJ1X7d5utwXGStVwPM3N+Ixmzr9rlp J+Pb1lDqJGhVKotvvAzV7NrD5G+mInV7KlgPvbFUvXRGBt2uNh5rEapbb7pyerWeJoLYrzeHd0B1 MwS3CzihylrjV3S9PmnL/LLghKrd6NUadmjrBtT1a2jPp30BTqjMGDN5iBFUOdpY7TG7T/vAyzNm R6VGShJJEzdhgwABB2XMsTRIMAiT1g9aIloiYd9I4+2Nw9gAR5rMaN9jxCEMcR1FCIsZFjCbIjCd 2WbGz4i2nXCMMXDwrcvfWBswo69C26kQJdFVBCEtLhnTjlYOWiymBU1WeZL5Aez79xUru1Tl4YlS pahKRVW37tWFAX+J70cdLyfiirvmTYMdFSDpP6CAn0jUOh1kFKb6C03vNir6mLzkmjn4uhztqEo6 KtnQBwo6ONXDIX7G0I/g9kPxhEKXmTNeapoVnFCgTtD3DCNqPU/hrk7xQU+0uK6pjkSF070t/QIc rMvz1UIXlVP8PUGtMmw2uUsj+PmAO5mgz5ftn8jRhsqZ+oZqQ+VMwDniJlUbKmcCzhE3qdpQORNw jrhJ1f1RsSOT/0tgH2Tb267+ZPRKwilfH1/Z74erP9aLsViq2D1eD7sBqq47hqjY843O6dqDNbPf +8rbRg99Plg/xFlClkRcjIoduvhfWsxZicEMzaCzPBWpEki5DCTjmDNMQmeXPiVBxoTdGKpudBkt h1dSj2+T8XNo6+MeEOgVe5bsqHYfE0H3dzeoOIQJA9JijEmrBp3BLw/XO0dicDURGUjGMWcctKZj yPDRm+3dx/ZnKmhklVHMHw9zDlGrx7dhiJmOn4sj+rkte70vfUd2VB//TIRDG5UZ0dMadGZcgPIc ZiCZPhn+6Riy6W5zXv1/U6FClWF+t4704gVb49vE8W+Or9gzsgIqcSCLrpLRXsb1Lg8EYaL0VWPO zBgyjEW88madUGFxAy5DhItRwqqRSPX4OdzYL9Djtlqwo5pcaFoXlOZwOLxQM6TOoDKjHpseVVlU hEMQVaqM7pchU1Ohuzld75cmxDXxUlRjtVHV4+dw40DGLa0VFqv1FPUbMqpOZZUqGXQG73ueYgSb jOWFtvB9jPkyY87QHcYxZBiSdvvLLmKu4wLBgq+2jaoePycj2NAxsFpYjIpWE4DAtKJRZcakyWgv HcHGVUTY74oCgdG8HCAGhStjyNBxNncYpu1xcRUZD8ch9pQyM76tHj9Ho09W8lkrLEe1Vg7ueR0s /LVeeGdUiT9/xPUE2XdGJWboeuGtUa2HSevZNTXfunmbvBqXGFqx1eKQ88WoyjCudmZErVfnegUz wCHXiMKFq17EsyDD+bWzFO3T2h/SHgvp9swLY10df73wuuPJlksVDc/IK7COXpIXmNoFuybJUth8 aRQt2hSilcl8Kmg8QYXpSrTSYLOdODuMZlt0bSXUxQjtqC67iaCeBZlOhMzC9+KXKSYMcpCfz/Ee mBIX3KgAT1PBoPIxg5TDCaVNUIYYxQRzF7NK0NyxrCu/GFCTcAEqrYGhq5hRmZ+hc5a8nBMWW1Pd lmfPBRV0lZZ7zkfU2T0nShocZPdRmAtQ1VLFObs6p0v/6OTFZlLSclQBqrexYAZwmQKIGyZ4Q4pK ZrQhG806ssuzMEx5k67iezWoIg6AFP/LGqgcnrBCpbMwjVSxHWPZrMfhcg5RbkAVBZzIaVAlBRzC nAz7KFTix8HdMdASI+XM9DrINVxUq07uvqarHBinurZrwdljGLKWFFmZ5HB5FF6KJv2azVR7ZuB7 0bnlMlKOQ+KoLsVrLxPB1w+LpWr9rDz7FTdUzm9oQ7WhcibgHHGTqg2VMwHniJtU9VCVspAM2rUD hBuqLhIsB4TVECJ8DmbAbKi6qCBN6KwDp+FCBxuqLirMK5Y5V/X6PNcaNgEXyfp1QZf9CNGfOwNV lv7G8B8b4AWn1c5A5VyBdiN+fS1M+DzJFBJchu2p7Zq9VXTV1+F82cmYrMvMfdefh5HJCWbOsptg 9Rrw+7C/XD6649ZeHdZJBs+oddUNV6XqcDkfDuojbsLhMEDUDPPbP52orJOhq6guFQOMDt1dEHpS JKc/Pi6XAwY+7jXye8JyR2UbHVohql/bt5L90PGi7xWuoqLCHoyiJaL9warCK1j9Mvv62K6iqh7x +0AFhXA+XDEJvnYiWbvXtxxmqvUl0vClYrh7dcvhvqhMuTsorLcqhc4F0E26zrtKoWtl+E5ytS6q M0aF1JXfmVXhG7FaF9VfDqCpWVGw3ojVuqi8rzdmtTIqZVVrcxqkH25a7vljrY1KWdUmFU2s3fNT cMrh6qjel9X6qN6W1R1QdVl90xh9C1fDPVC9Kau7oPKObd3+LnJ1H1TeocOKTZzX92DdCZWy+msq 4eNbNJ3vhUpYXd6K1d1QKauqtfwOcnU/VFoGz0awxCfz2u6rO6JSVru9wnp9VvdEpTZDBevlWd0V lWcEayfWurB6Ybv9zqhqWDSrRLe/Lqu7o/L+7rUYAtZrs7o/Kq+CdflSVmcn79DzRXoEKsBi/wTM rK8j/QxP7evDlhcYCoMF0wfv6jGoPO9bYZ2lN/WZWWEl+YwD94asHoWqhrW3svre75+jGwxbESBg 4vhwTxA7qruMBc0jLYVk9ZG3Bpvu5dA/H5fDz45A5VhQ7kQj26oMl+qwo7phhPHHx9TIZK0MCaaK JZ3QTZhMfecxzxxhzI1WqmXWetpq7QJ45NpvWFTw8/NwtDT5jOUAKUJf6vFcj0b6qAhSk+1/cAyN DpjFWhtcMvDOwzt6y+QR2mf7lka/f/zTxURUzTAulMUfMhYwEhTqyg+wsMW9UX3+sSwp+KcjJl+6 4IXqJxGnKnwdzzo26+e8EFihE7oKn9W2Tw2wtQugXPl4PHx+ohQ21D4rJ5+cV5fDroXpvGdXq7gC D0bJ/5BY6cbi3E3l3lLVu/4XoQmxjuKqGjtaJe5lPRCyMob8N1vWP1UER1/RXaSqz0vE609HsIzK MpgkAduKFVDq/R8Sqx9F5XkqWF05yduYJH/UYYbn1xP6IB4hVaDwrYI1bZF/N0XQo3p/MrF6EKpK sDp2wwAF1b3xZ1GsjOZ6FmIPQZWeovS/vypYk+Yl29QmAodmPUezsHpVD0EVcT2qINqLxuraDSYf /6XlKfrX4wDJix76Birz9UnE6iGoqpW7gtOFotVv8GRRoDGytsXwdGL1EFReHpUtXB3ByitOjBCJ xaBFkGL1VI6tx6DCk//bZgI74V8eQ7EzIUhTKaVZYzHQDv3BhvOg2D8MFe/cwVU2nMqU4DIphnRq marvycTqoagGuIRNs9CwqP9TbTEcnqt583BUxPVfqgqKav7Qbu9kwgplUAveczVvfgQVMXztpTak qdWi9a8qL2MxPJdY/Rgq0tKmIWl91tZmrqxUXT2VWP0kKjstFaxCiuBTtZp/GJXQqlyAlWyJ2QB7 FOGZWs0/j4rWZo/Wf6L0aUBQrJ6lefMUqNq0/oiSotkgi0JYmjeYSP4jw/+eBVVDSxX8Hqzojxm0 mnUS+U8MPXoiVABDR41xaVG5sxqkWDXNGzMn+kdah8+FyjvAchCp8v6luqLwtJo3Mt4BXnf5eLgz 68lQ/QUqI0O03AuzeAoPmbUu/vk4ezIV5eEK68lQeU0JFNXOsX5ih5p1Lv4xM6NlPRU1Ux8Wng1V UwKx4jZZHT02b0wfPQb+mSBjcB+75sWzoWIJrDrB/pMmzhfFSsK5rZ5krOTHI/1Zz4aKXYZ1tw7N 9svuS6n07QNVWA/sg346VO0S6Elz8AI91Sze0FJND1ZYT4eK+5jWoiIWA7x/I+VMFNbDrIbnQ4US qI0bhv/UMXqKOPhwGGTA8se6zRzuKYj9H4e7PT4fqi+IVcsz+u8kLFVYqzZzZGMQbNI6GI39fKg6 JZCCdLioZFmGPJmGz5pWA7ct8jAazXWAYxr8YIAV+qd9+xI9zgZWNMxWmYghEZS355gesizMsGHK jBHGZfKDoUAJ7Ny+QL+EgXVKkqKXtaLQNmH/+PwnYNcRxoLqvseug7Ef1liw3qjVuDHnOezjokor kD7DbhCrYRVzNAqTBNseYi8j1yH+P4uqUwdqVshqX1WH5aA6FCN1De2elSV2eeLmXcPd4J5QrXvf KIE9F8tf9s8fvLo67A9q/RaH3zptQpS+FzEWIEPDEugZVhjmMFId6tp+65pY3cL1jFLVcvA1ma1Y YYsLA6u36auusHnHPounRNVy8LVYceC2tnB0IIj2U7TCetrdqqufEpWtBOrA9mr445dUh/0dqFfT 7i+EquNeqPPdWZtO+gr7VaFq91XbOQ2155SqQeNGM9xlRSNr8PpFu9/H4fekqNoOvhYOWeOiaktz IMhw00QWwvtMpHhSVPYSqBOZ6vWLqK/66kpXvrhLPfikqEZKYI+VTV1pJ+s91NWzorI0brQgilyZ MvmfVV1Jt8Ud1NWzouo5+Fr6is3Bs/ltV1ccPnMHdfWsqEZLoDadK1aPVFdPi2q0BBpWph4cV1er d3s9LSqLe6EuheK+UlYT6mrt8R9Pi4qNGw6oZfjsS4ismqKa+3HW1fOiqocf63yvzvh2mYpjZu8+ TF09LyqWwE740944RybVq7DZ1RVbg+uqq+dFpa2+I8LBNr5d2oNSEdrVlfQQrqqunhxVpcmb2QD/ +zTWpaxsIWtpPkhdvQgqClizMIjSEr+oVIQcBTLsqV+7Mfg6qICkNb5dnOhVRchRIMP9/GR+wIrq 6qVQUZQO1dwJQqgqQhbB4cokK6urV0NFYapoYcK4VIRwI6AWHLr5ZBXE9RqDr4iqmfP1+W0qQg5H 7vXgEOqq6uo1UVFtqc31eRDl/k1DdNhDL+pqLT/fq6KC1jKw/rAM7vYoghbNLupqpXF9r4uqpbTI ikNlhpp9zdkAL40Ki4qZ+hCs7B5Rb73+rhdHVSstFSuLZof1tVIH/cujqmCJWNmKIIwLGX7l2h7U cZSPX0CuasPd9y+7wv73h6wu1QYLnRvKyA+3gch5nMTBA5clvC8Yy9W/qLL+cLpla8e9Vjx3hZWc uMwlhjnef7HLh1PSG+riWCyCrW1O2nmZobAwxhhLqLqOBf3RYbPzx7siRfFBuYJxJRZpMRhDW/ii sPREoaF/I+2pPmFF0BnDZn90MPbCUdVnsGItKBZpYRmbLUPVirIsA4DlDuWn3p1En58wZn0Oqh8q Rrfdlr2sNK5kMVuL80VnTtTL2dodNDnLHhcRT+++MO9tT3tbaigssdnFNWNzVMmwviacLbfT+SI/ vDT9bRjcUn+KWHniS7ax0rG1XDn5ctlb97ovMBEJtPwf3PDA7VFvjnUgq6P6km0jPL4OVkBO930D a71rbaIIXj57+6k6kbga6d1QSVfXH8PKtS1zlZJEeDtUsuYA5qnWi5K7cXCI9X6o2H1zAavOWEgH ElejvB8q9qAGfwwrmz1wlclIhDdEJYMYOFe8PWZtKZ9WundEJZqda8usy+odUalmr1it1r/8lqhU s4NVM91rK4AjBDAPDpq9YrXSwOy3lCodnkZn3xc3UbA2ceaL2ZuiYsd8JKw6U5jm83nzGpCPR81O Z5+yqqfl3MLqTaVKl+pTVmuZ7e+KypNFtoXV3/a0nBvE6m1RNaz+yLZV52Oe31YVvi+qNivdSFXC BWG/37cHdjtK2hujUlYcWvTH7NDbAKu3FnLE9J7+qtbDk1UgrLCtLMWpxWo4PfUatXeWKizI0MhV BQIq64AC2CybeY1Qff69UQkrlavOlnvOeNoR3xyVspLBH5+fmIOyiJFJ9O6otAzqBlYaZPvezwV9 XG+PyrCSjWBqXPgyvf2eTfreH5WXNbtVXRpc8z1+vwAVJCRrtkfjyL4L9u+db7n/DlSg1dnv6xSU d7CrkhnXtA2yr0t9nkxVP5NJvclMlKepC7eTYgOrujDqajLTabvXvSpVvnWAsz1ziWVKUB2TC96O h8mk3mQmgsl3MEia6YZfKgHDtKlvmVQhcX8fKnns3CyZOUAVxRFGGFvDTFQ90ejdqSca3Rd6Q9Ke VN1wpb5oD1CB03C8npK7jqqjq/JuKSqxiG0rFF3Z9ddK6q12pV7+vd4DjIwCnUIV+L8xUCtbxxZP ocrS3xg4U3w2qqm66r3PxZEXDcYWO+qq9yYzeLpbasBfhsorl9tVvw3V+PNeNRY2VBWBDZWzLGyo 1kGV+7DGU1ijMM7Gm5F6ryxJMJEnK/g5DKU0cvQawysVbP6PJcVQDWui+rbjSSX/lvtpbk7SBmh/ TlMbkao8hnGRx4Efs0rARN6JSlRvEJ9OSBIn/Y0CSmy1gN0DImwPo9cYXilOAlh+w6Qm59hUZvT2 aXiCC2YkqeZ/eD8/jjDnL4lLbAHR/rwiX3ZUacz5qCfkMTZ730w0I1WoyCljS5Nb5jTh5GOfBc7a xAX1GsMrIUJcDpOai+Tcp2js9rAYITaDu2pSzb/lfhkfCnnqfS5CBZ8XpSos8Zz+icVmwuA3UlVg ZliCp+5vK8RjSA0bWK9huxJm4dmSqrjSJzJ2+xDyar0rU2r+rUnjgHzLuP15hdSoZ4GoPD+EoEJc 4+I6qjIMS+7UYUXF55lAhWJkTcrMAzGyMoIqD9M0HE2q+bckzTCFjQ9Y4tGaz1tQ4elSmXRZS8T4 1dI4y+JIUPWckvydyiy7MalK8UD6vEN/Zob5sWN78KjsxxQdW1K+HeR/iCqLod/WRUVFIMqAema8 GSn8pPwkNq1hnh+lWK8xvBJzPqZwIkAOR2/PfXnifExXSf7T4f1URQAhdVXrc5muSlEzgFAE/YPd rDCV91oNiNomgAAM66LI9yMvLVEVjdaAYcQ6drQGVE1n9+NqopGkmn9LjYu53qvVgF7gE33qFzAT fOn0GG9G6svIEzGOxLpqB0zRL3A5cZfqNQZXSsRyGyatLkMhGLl9hovb7qpJJf/DpAXuh7qiELuq /TktVpu1fk2b1+c3VBsqZwLOETep2lA5E3COuEnVhsqZgHPETao2VM4EnCM+iVSlVt9p9RTTZ52f 9caIVlRYbqc7bsNyk0D8ZhKiECMI6yhyEP5FczJF+5GN+27AknZoZDbduGxooPmDDx/t435sOcsI bO51TpZhzKW5RsPUgK+55KyokNfJt8yblA0qL5VfJiiqpOLAZt9wNBviN1EISBuH/Ib9afv7s1W9 mHQ3djNWJpbRZC0GI33qcylJfDsq9bxAsnwvhR+UvlAIQQIPA49GPK2oggIuAzi/6SgJ4K/M/FhE CJLBA3EWhTEapxQWeCoYGZvPghy8wPA4+OYmfpLQjyESAyx+hEhwe5/gP2FSOQZPjR/GBQ6lsZ95 fiGOaUHlw0nEfDEVXCLAgyh8gBNSRHJmcgykIzgrKnjiMjwHXUxEgmdLTlmUFHCgw1tGNBWqEo8c 4GCUiCuKnTHyIqVTAmCxLT2dRkwfZ4xcJkHGwb1xdIqLAiPDmAKXLHFtKYBwM+BCOTxRcAuIBxTf Sk8KNP6BaZzBaR4zAR10SQyfBtwfACyXjulsiNH9g2szZ5Jj9pDcHEbUeuIjT6SkH/L8dLKlfqUa VKrwWQHFGwy5F72iolyhWwziiJcvT5yUEjlVNRjDDejnOKnX90vIhxZA3LgG1KBKfHbqmIh6QUEF xiJ0vJBcmnmCKENEKXVMManMZgAcqwHR4YQC06Bir4moELzujPqCQwNbqBKvYPFB74pBlYT4oaLJ J8MD5cpVfbs4DempbgKRgBAoKvOEIksVqggXUjh+ia+VtFXqDbpBcstLQzgT2bRcRlvyy3AL8xl8 WlFtqDIuTssPuiZZHFjufYgBjuB/CozIBRQCyowUwDz2I5YFxJOXiCNgwbKE2pRIobEkcokLEgbk TxSX3IQ/cXV6Snk59htCQHB9ANJr6HVjv+DdfJRYI1VaaUJH8kJy6VAj+icusYsvCf+MDZmaxcwu VbLYMfOcIRfSu5uLppcDKlX4BSYZVoWUCDl0dYTjqZ7EEfxjYh7FV1oTJjJR8nfGL7wJLy0JmFRt KJgYICD35AUjXJ9919DpekVzA17SJJEL4YqxXIDpJau4KP5god3bw5OYoLYHqaypeQ9pVeCTI9td r//EqGbMLWg97bJULrisqDhIwJjrEN3G6JODUN/VSZwZinZaeCcomjrLok5oH0kdOniSSgqy4Xjx rilqLUTSSihLox3kgaVMWo670JiMM2atV+Y3djZuRFoOou6qTuLMcOdjVE9UxzVgjWzqxeHweXN1 VHdZr5hkHBjShN6dYG+qWcUqhUaCGVcijTIc8nvHbyY1Yq1LLVzmSZ6iig+hNCAn7L6Saj4+4eQJ 3VFF6JfoIMrZScTI+MbXy6pPajWkidKEUnXS55Bqi9GzFCehbyNWZSkuy8ctoHuZJs15N35nooJD XaIkQ06yCH/NEcxQ4tVgg0SwyMRsR7uS2RObFdfNWselJrk1TEhVjAZDFpc5/uE58PSRoPLR0+97 BepfDASCEZmjN5PVs3RB8xmRKBZjG496iml4FjAKBRX7FBk9CwM5IaZTgOtmfhJB4kwa9HXyRqn0 wcLSDnBP5CQLTzSceKQGT8s2RotKjVkJ6MEUA6x1PLza+nfgOIVK3o+0VMIkCdF2Me1ZNNlgiVfW M6ziykBUQzxBL+lJmsuwpySRMYJwGSgxEx02tUGVFW2jXtKIHRpyCIQkhXUU5mzStC/GU2z+pRG8 FGr3l+x6ZcEUVM1xNItWCGOoqqc3qKKScm7M6TyEbMiAKjoCUOhwSn9JkZH+byEsj9ZCxbNVdD6Y tOgga41R37QAoOWN+YsYRRmh+ThEheIpEpaUKLPFKUeHPsQfN4E4Ulma4ytw4qsbLuzPdhgH2cmz MoPBCQdAA8MPpABKA67EGJk4wgObAsiCh2SIgNEnLG9oDQsnlDe8fF3GHP9r9BBDmziYAAKBS+G6 7K4nE01DqaKuDjMZeAf4ImkqVTyCOg56wEuZpRSDKmCuR1qTQJPi3XEoXet40XfrLIFnt6sKDpZE VjHaIBVlfaLSTnKaxDgSUc/DKi5xhOch3xJZx1XCMJDKTFQ0UhQBXrjY0FI+Jbo0ZjEElBKZ+bhu BqXMa2gaXNUTDZ5m0FhQ68gCjhU8p0egAQA3Em8YXB6sdLSUYUACroGrto/Li7o1/JAJqorZIcD9 0os7PHL1MjD1Vgg/hMq5TXaC66z7mMMjK2BwuYQVVZSiJoeCwSikOkChtN5Nq/D3LUdJAZ0sZaGp elAfTYYigm9Ti6gJhQz56QUW1B8K9howj/MSdkzl02be4HJr6cbqDPSQ1R2E4Y40o6p9c1CGONx3 NLAGkSqhXdigy4flNA7as36dy/EadG2otMNGLAH6O8RJIpUSPRuZtK/wCz9yWo6wuMXngVMqQ9Dk qOZwRA0IelAw1hoLG8CBLBejV0bUPC/MVKgLo0QkMBbPCS6g2FD4pDWXwwcjjiHzXli9wO2Dehqj vBvJXQPI+DXGdRVyKm4xOHaNIzdDizUp8LuyTGGUi30NtvCCqldPnGzSGGIjRpNHaAHBD4g3IBeD t44XlpiSCi0kU9TZZ2EsNrUj5W64jTjqjNdTbwFnItLl8N09iNUkKlTRbGyIxYLugQhPrr5f090A j2/lORcjWywAVPWmZ4u+eE2Op1RrSX5BWGnBo7njnzRVXZBEEKUTwpjc0spT4axRyS2kkaVWw9jC CCsL2TQqMabRmYB3rj5veMApbaU+nkgXo7SM7LpnQU7gKZGcT25afPyF5hkv42O0a90QNI8lVyoS aS9LAeTd6JGGLUouMqNdb8F+LkYpngcVu46YP35wlyUf/VRiOnOaiA9NYcTAGNn8Yxw3UgAlOeLq afllUEFM8qxqM1cFEKPf2Z+ntj1vwLvha+DLAHS8rBxNBHZbZCK8FPQflyq8P5gE+ITGQh6hj6Sr hL2isNChiNGIpRZBFExegqpGK4w40WdgPHkcyh5IcsynMKf5q4jwQ/o0/UwPc08+CdBiNNSlQGLb HWh13k06TmPZUxJdlLncQswrDBk/od21ckkbudwPmaDTDze9ystjwAzv8oSoMAFijSbb6kSfENXq z7jSBTdUziA3VBsqZwLOETep2lA5E3COuEnVhsqZgHNESNUWHAn8/67HnlqPFjv6AAAAAElFTkSu QmCC ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0047_image010.jpg Content-Transfer-Encoding: base64 Content-Type: image/jpeg /9j/4AAQSkZJRgABAQEANQA1AAD//gAcU29mdHdhcmU6IE1pY3Jvc29mdCBPZmZpY2X/2wBDAAgG BgcGBQgHBwcJCQgKDBQNDAsLDBkSEw8UHRofHh0aHBwgJC4nICIsIxwcKDcpLDAxNDQ0Hyc5PTgy PC4zNDL/2wBDAQkJCQwLDBgNDRgyIRwhMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy MjIyMjIyMjIyMjIyMjIyMjL/wAARCADaAFADASIAAhEBAxEB/8QAGwAAAgMBAQEAAAAAAAAAAAAA BQYAAwQBAgf/xABNEAABAwIDAwUKBw0JAQEAAAABAgMEABEFEiEGEzEHFEFR0RUiI1RhcYGSk6EW MkJTVZGiFyQzN1JWcnWUsbPB0iU0Q2Jjc3Th8IPx/8QAGAEAAwEBAAAAAAAAAAAAAAAAAAECAwT/ xAAoEQACAgEDAQcFAAAAAAAAAAAAAQIRIQMSMVETMkFhkdHwIkKhscH/3QAEACj/2gAMAwEAAhED EQA/AN3JHsrg0vY52biWzcKa6Gg42ZMRKi53t9CoHjTQ7E2IYaOfYCOHgLlAwlsi+t7Kt5DRnk0D iuSvAQ0oJcMFOQq4A62o2hvHQtOd6EUaZgEqufN5+FTFUqNdbU7SW6q4/CoTeZbEGCqQnYGOVh3d BruSgKJsVfk8LDj16VZHw7YaVMjxWdhYwW84EZncIQhKRdQuSU/5ffTblx8j8Jh4OnyV+mrWkYwl Kg67DWchCSEKHfW0J14X6KoyB3wB2O/NXBf2Br+mp8AdjvzVwX9ga/po+yHAygPFJdt3xQLAnyV7 oAXfgDsd+auC/sDX9NT4A7Hfmrgv7A1/TTFUoAXfgDsd+auC/sDX9NIe3Oy2GwoOOiHsrhbURrDX 1ofbwxsFCgws5gsC4IUE2r66SBxNqX9ulJVyebTZVA/2VK4H/SVTTomSvxMXJgArkv2eB4GEkH30 z8zY/IPrHtpY5MDbkv2eNibQk6D00zc5Piz/AKo7aRR3mbH5B9Y9tTmbH5B9Y9tTnJ8Wf9UdtTnJ 8Wf9UdtAE5mx+QfWPbQSQnLIcSlSwAogDOrto3zk+LP+qO2gMl4mS74F74x+SO2rgRMzhMq+rwI8 ildtdBcaStch6yEi9wtQt76977/Re9UdtZEumY4lwtOmOg3QMo78jpOvAdH19VaGNsOYbGTNw4Lk IUklzMkZzmAHC/l1oVtbhMPDuT/alUVooK8JlZu+Jv4JXXRmDLDUIKUy9bPb4vXQba3EFTdgNqkG HIYyYTJ1dTYK8ErhWL5OiPBOS/8AFjs7/wANFNtKPJgL8l+zwuReEnUdHGmfcL8Ze+z2Uhl9UyjI EZZihsv6ZQ4SE8db28lTcL8Ze+z2VNwvxl77PZQBg32OZgBFhlIAuouqFzbXS3XpQeUvFDNesxFC M6reENz1dFM+4X4y99nspbxArZkLSh1xbq1kITpqes6cB01cOTPUdIxhcyQtUV9DSL2KyyomyOq5 6Tw816IABIAAAAFgB0VnYiFlBvIcUtRzLVp3x+qrd0r59z3dlaGSDuGf3MfpGhe3f4vNpf1VK/hK rZCjvLggNylpVnvcgH0dFBdq4MiHyf7Ul/EHpQVhMmwcAGXwSuqsXydEeDxybFY5KcBLZSFiCnKV cAdeNFkycVUshT+HhJQQClKyQrWxt9VDeS/8WOzv/DRRGfFRJnOCT3QlN6BMdq7bSdOkgjN6SaEr CToxSNpJEc7lD8KU+lVlJjoccI06QkGxJ66uY2imOsKHc5YdGpcfBYaSOslVyfQDRCOzLbZSxEix oDA4C2YjzJTYe81cMMbWoKlOuSlDUB096D+iLCnhEfUwO1i+LvOhDQw5xu1y8N4EDqtcd96KElGJ JkuuOz4O+UTmWGFq9AuoWHkp7tYWFL8knnTv6Rqoy6EzhjLA29xJPCbAc/SYWn9yjU53iSeKcOX+ i44n96TRS566lz11dme01YZibbGFb2cW2CHCkhCiseTWw6qy7ZyWZfJrtG+wsLbVhMrKodPglUYw 9KVwgFpChmOhF6F7cpCeTvaUJAA7lStB/tKrGXJ0R4Rg5NFhvkrwBZIATBSSSL240UGOMqDlsQjj ICTdlWguB7iaFcmy93yVYCvIV2gpOUDjxoyMYbzWVhcwadDF6RRYcQUBHVzpnLIPgjula8Bbyamu IxEqekNJmMKXGF3k7pXegDWvQxZkqKBClnInNowbDQG3n14VxOLslduYTQVEC5jEX89AGc44yhpt xWIMZHAClW5XrY2P11SlKZklKW57JceTvEjcq1F+PGj+6bPFtP1V0NoBuEJBAtcDopp0JpPkWwlp UR2UMRa3LRste5V3pPDpr2plIcYbOIMhcgZmk7o3UDwPGmENoCcoQnL1W0ruRNwcouOGnCjcxbUC YLjhUqNHlMrU06N6C2QQnUEee4rNt3+LzaX9VSv4SqPhKQSQACeNhxoBt3+LzaX9VSv4SqRQO5NV hrkqwBZUEhMFJzKFwONG04mHGnSidGUpCc192oAajU6nSg/JicvJfs8bE2hJ4C5pmMlChYtPEdRa PZTVUS1K8cALuy/uN4cWw26lBKFBKst73N/QRXO7jwTm7rYWQT+Qofz1o7vmfF3PYnsrm9YJuY7l +F9yeykUCl4q82AlWJQM40XdCrg+QVfhU1+ZIWOfRJDaEjOltJCkq7K375q99w57E9lVDE4aSbZw emzR7KAsxy50tuattGIwG0AgBtyMtSh5yFge6s68VkCXKZTikIFLxQhLjSgpPQB5demindaJ+U57 NXZWB51Dzq1DEpSEq4JSzw8xtemyVS8TUnaDClWAnNE8OPVQjbDEYk7k+2oEV9DpRhUrNl1t4JfZ ROCW0KdvIkykHglbPxPNYVg21cbVsBtQhDSkZcIkkkptxaXp7qRRn5Mc33L9nsts3Mk2vwo3Ojzn QlxLUR/ID4JYIKvMroP/ALSgfJll+5bs/mVlTzJNze1uNF5sdqQEKjYw9FdRwKXcyVeRSTxH1Hy0 4umTJWjkRLcoqDQS26j47SlLQtHnF/fwrUmPOaVmaebKeltwqUD6TqPfQORIS0UnFG13QLInQHlL yeUp+Mn7QrTFxSMEp389L7BNky2XyU36lgHvD7vNVuF5iZrU24n6+/ygkJkgKCHw0ws6ALvlPmVw NBjv7n8F76NKMFxBCpWZKhwLxII+ulxQabN2n8yBpuy7+40olTPQiEG4S3xvxVXpthxokoDQJ8qq 4hyMsXD6geouEEV6vH+fPtTV2Z0FML5zd3LuejrrDtsZPwD2pDyW90MIkZCkm5O6Xe/urThiot3M 0kp4f4xH86x7Zbj4C7VFqQXFdx5GZOfNYbpdj6dfqrOXJtDgr5MSRyX7PEC55kmwvxpgkYgYuXfs 5Eq+WVd6PObWHppf5MQTyX7PAHKeZJ16qZt0740r1U9lSUcRJdcQFtsJWk8Cl0EGh8vCUyXjIbjr iyjxfjuhKlfpC1ljyKBq5WDt7zeNSXWHCblTOVF/OLWPpFRUfFkKO7xBlxPQHGgk/WOyqXkyXnlA cLx3AbqMETIYOqYx1A6wj5J8iSR5BQlG1mGqVlcc5uon4r5yfvFNu8xJH4RpS/Ky4g+5QFAXFSHg QqO4sdThb/7raMk+8jmlBx7jx0asjclqaAtgtuHoW0+kn3VaFS0A5mN4kcClQCuyhTuAx31ZlYXD So/KBCT9lNVfBkf4bymP9uQ7206h1+epO7U6J+q/g2YRJcWXcjFyLXBWARx6Kx7bKWdhdqc0cI/s eQc975jul6ej+dc2awmRBXJKsVkvBQSAlw5gm1+F713bVC07CbUlUjeDuRIARp3vgl6+n+VYTrdg 6tNtxyj/0PqHJlb7luz+ZOYcyTcWvfjTD97ZrcwVa3Hc0t8nAbPJPgYdWUN8wGZYNsosbm9FW4GF IzZcQcOZNzeTfQkEH3UAELRfEj7CuDmxveAoa/M8ardZgSYiIfPCEtEC6HgFcLAE+mqRhuHOuNpb mOXbXnCESOnS9x6L0AaiI1jaCo//ABoPzEnXmCx5N2KITYeHYi+HHJykqCbANPhItrr76kZnDYkw LROKncmXKt++mnR6KadCcbBxgqFrQFnX5sV3mJ8RX7IVuOHYfzkyTNcClLK/w4te99KsjtYe21JZ bmlW+BUsl4EpBHEdXGnvZOxFEBhtlaw7AXYgWO6BrBtmpk7DbVJbjrbUMHkXUU2BG6XYDza/XRNj CIRStDUuQsFJSQJF8oP7uFYds2ExuTTaJlBUUowmUAVG5/BKpN2UlSMfJslS+SnAkIShSlQAAHB3 pOvHyUQXgstTTiRGwkKXpoyQLG+b0m9D+TZsO8lOAtlCVhUFIKVHQ8dDRSNgbDEpp1OFQGyhQIWh xRUnyjvaEkJtrgkfCQlLBVHwvMleZe7a0Unpt1EGt7WG4YlzeNRYwWCe+QkXuePCgZwaQseEwaGo m97SFDr/AJWoqcBw18Bx6IkOKAzALNgbW6/RSKLxg2GJzWw+MMwIPghrfjXe4+G3/uEf2YrU2hDL SG0aJQAkC99BQ13CmnHVrMGGoqJN1KNz59KarxJk5fai1eC4U6pOaDHUWzcDINCdf+69qwjD1oKF Q2SkgAjILEC1h7h9VDJuFLdlqcGGxn0kJSCZCk2GUA6cOi1bcLwxqJ4fm6WHyFJKUuqWLX469Ogp FGuNBiQ782jNM345EgXoPt3+LzaX9VSv4SqYLjrpc24eac5P9qEIcQpScKlZkhQJHglcaAMnJgAr kv2eBAIMJNwfTRmRgbb76nETJTAVbwbWQJHmuk2oNyYC/Jfs8LkfeSdR6aaNwvxl77PZTToTVgaR swwGFLaemOSU6oUqSoWPk+T9YIrxhkxrnCYU9tlS1khl8tBGcjihafkuDq4EajpsZcjPKbUlua8h ZGisqTb0EUAxXBJD6U86U5PQrRS2EpadRbgQR8a3/wCVcaapsyncXcV8/Yxc0jeLteoKnNI3i7Xq ClJasVaKmkbSSXXWgClnmbaVkf5iod8bdQ40XwWY9NS6xImLW+1ZaVpQlIdbV8VVraHQpI6Ck1Lj WSo6iboLc0jeLteoKnNI3i7XqCpuF+MvfZ7Km4X4y99nsqTQnNI3i7XqCl7bSFGjbBbVPMsIQ47h couKSNVHdK40w7hfjL32eylvbOI4xsLtY6uW86lzCpRDazojwS+FAFfJhf7l+z1rX5km1/TTPeV8 2z657KWOTA25L9njYm0JPD00z86T8097M0AS8r5tn1z2VLyvm2fXPZU50n5p72Zqc6T8097M0AUy ozkxhTT7EdaSCNVEkeUaaGl57D5UhtrEAXEuMhTMluO8UKXY2VqBcXKQqw16vKz86T8097M1idjR 1urebE1h1ZzKU1mFza17cOgdFaRlimZTg73JAuIJsBJdwtoPRsoWuCt8qNj8tpZ69dCbE9RozCnL nxkyI6WigkghSlJUkg2III0IPRQV9vEsNfTJiIVKZC8y290ULAPxiBwN+kC3Xa9WiaEyl4phTL0h p2wmRUoIUSBotIOmYDQj5QA6RRKIozrFV5ewdvK+bZ9c9lLu2i5qthtqw+00lgYVK3SkKJJ8EvjR iHjkLEArmvOF5LZrx1pt9YFBts5yJGw21jCW3UqawqVdSk2SfBL4HprOqNU08or5L9OTDZ3/AIaa aw80b2cRobfG6aUeTa/3KcBsUpPMU2K+AOvGjcKHMS/eYqCts3OVtqxv0UDCZeaFruI1Nh3w41C8 0LXcRqbDvumsEtkrUzzJUJACrubxANx5LVVMjyHXQcPcw9LeUEhxsKN9ddKACm+aBA3iNTYa8TU3 zQIG8RqbDXiaHOsqIjFpcEZTZ8lIOY6Xt1dNe5DN3GFx+ZJj3u4VpBJH+U8OF6AN2+auBvEXPDvu NL0+LKg4qnEcLWhwO6PR8w77rI/9/OichhRlsc3MJLPFxK0AqULjhUeiuGcwWOZpjgHeIU3davNV RlRMoqSomGYmZrSi83uFhWUJVcX0v00O24cQ5yebT5FJVlwuUDY3sd0rStUqDiSpCjFVBQz8lK2r kf8Atax7bMts8ne04QhKc2Fy1Kyi1yWlXNJjSaWQdyetqe5I8EbQkKUqAkBJFwauTDeHfc2Uhabl JEHVCgBb5Wo1/fXzfYzFMQZ2MwltudJQhMdICUvKAA816O92MT+kZft1dtIY2twytZUqJZaSVJcO Hm4Nrgjvug1S3CUgZFwHE2SLlEEakW1+N08LCljuxif0jL9urtqd2MT+kZft1dtADYmG8palphJC gouK+8Sm51PSrUmvIgFyQSiIjdLCSCYKtTYcBm0GnopV7sYn9Iy/bq7andjE/pGX7dXbQA5R4C5L iGVMJZsLqvD7wnpsom9bYmAmLKQ8FR7JVmslmx+u/m+qkDuxif0jL9urtqd2MT+kZft1dtAH1ql/ bv8AF5tL+qpX8JVIvdjE/pGX7dXbQvaXFcRc2UxhC58pSFQXwpKnlEEbtWh1oA//2Q== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0039.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0039.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan design preliminaries"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"220"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>5</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s225282" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s225282" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan design preliminaries</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 25283" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s225283"> <div id=3D"_x0000_s225283_0_26" class=3DB style=3D'mso-line-spacing:"80 20= 0"; position:absolute;top:34.75%;left:10.11%;width:82.2%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:57%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:57%;mso-fareast-language:ZH-C= N'>The impact of legislation </span></span></div> <div id=3D"_x0000_s225283_26_41" class=3DB1 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:38.25%;left:15.16%;width:77.34%;height:3.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:58%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:58%;mso-fareast-language:ZH-CN'>Income tax law </span></span= ></div> <div id=3D"_x0000_s225283_41_89" class=3DB2 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:41.25%;left:20.22%;width:72.28%;height:2.75%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Tax law is favorable to qualified pension plans </span></span></div> <div id=3D"_x0000_s225283_89_131" class=3DB3 style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:44.0%;left:25.09%;width:67.22%;height:2.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Employer contributions are tax deductible </span></span></div> <div id=3D"_x0000_s225283_131_221" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:46.25%;left:25.09%;width:67.79%;height:2.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.86%;width:96.13%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.02%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Investment earnings of qualified plans are exempt from income tax until benefits are paid </span></span= ></div> <div id=3D"_x0000_s225283_221_295" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:48.5%;left:25.09%;width:67.22%;height:2.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Employer contributions are not taxable until received as benefit payments </span></span></div> <div id=3D"_x0000_s225283_295_328" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:50.75%;left:20.22%;width:72.28%;height:2.75%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Requirements of a </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:60%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/Box 21-3.doc"/><a href=3D"http://macminn.org/life/Box%2021-3.doc" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= qualified plan</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-= font-family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N; display:none'> </span></span></div> <div id=3D"_x0000_s225283_328_376" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:53.25%;left:15.16%;width:77.34%;height:3.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:58%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:58%;mso-fareast-language:ZH-CN'>Employee retirement income secur= ity act (</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso= -hansi-font-family: Arial;font-size:58%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.dol.gov/dol/topic/health-plans/e= risa.htm"/><a href=3D"http://www.dol.gov/dol/topic/health-plans/erisa.htm" target=3D"_bl= ank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= ERISA</a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:58%;mso-fareast-language:ZH-CN'>) </span></span></div> <div id=3D"_x0000_s225283_376_418" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:56.5%;left:20.22%;width:72.28%;height:2.75%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Limitations on contributions and benefits </span></span></div> <div id=3D"_x0000_s225283_418_556" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:59.0%;left:25.09%;width:79.96%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.27%;width:96.72%; height:56.25%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.38%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Letting A denote the average compensation in the last three years of employment and K be $130,000, the = </span></span><span style=3D'position:absolute;top:43.75%;left:3.27%;width:81.03%;height:56.25= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>benefit must not exceed min{K, A}. </span></span></div> <div id=3D"_x0000_s225283_556_668" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:63.0%;left:25.09%;width:75.65%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.46%;width:96.78%; height:56.25%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.58%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Letting k =3D $30,000 and S the compensation, the annual contribution to the account may not exceed </span= ></span><span style=3D'position:absolute;top:43.75%;left:3.46%;width:85.64%;height:56.25= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>min{k, .25 S} </span></span>= </div> <div id=3D"_x0000_s225283_668_692" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:67.0%;left:20.22%;width:72.28%;height:2.75%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Prohibited transactions </span></span></div> <div id=3D"_x0000_s225283_692_757" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:69.75%;left:25.09%;width:67.22%;height:2.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Plan assets must be legally separated from those of the employer </span></span></div> <div id=3D"_x0000_s225283_757_800" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:72.0%;left:25.09%;width:67.22%;height:2.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Plan may be held in trust or by = an insurer </span></span></div> <div id=3D"_x0000_s225283_800_825" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:74.25%;left:20.22%;width:72.28%;height:2.75%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:60%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:60%;mso-fareast-language:ZH-C= N'>Fiduciary responsibility </span></span></div> <div id=3D"_x0000_s225283_825_849" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:76.75%;left:25.09%;width:67.22%;height:2.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:56%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:56%;mso-fareast-language:ZH-CN'>Prudent person standard </sp= an></span></div> <div class=3DB style=3D'mso-line-spacing:"80 20 0";position:absolute;top:7= 9.5%; left:10.11%;width:82.2%;height:3.25%'><span style=3D'position:absolute; top:0%;left:4.55%;width:95.44%;height:100.0%'><span style=3D'font-size:57%; visibility:hidden'><span style=3D'mso-special-format:bullet;position:absol= ute; left:-4.77%;font-family:Wingdings;font-size:75%'>l</span></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:57%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_0_26" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_0_26" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_0_26" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_26_41" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_26_41" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_26_41" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode14" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode15" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_41_89" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode16" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_41_89" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_41_89" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode18" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode19" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_89_131" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode20" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_89_131" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode21" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_89_131" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_131_221" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_131_221" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_131_221" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode26" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode27" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_221_295" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode28" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_221_295" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode29" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_221_295" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode30" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode31" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_295_328" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_295_328" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_295_328" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode36" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode37" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode38" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode39" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_328_376" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode40" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_328_376" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode41" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_328_376" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode42" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode43" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode44" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode45" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_376_418" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode46" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_376_418" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode47" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_376_418" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode48" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode49" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode50" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode51" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_418_556" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode52" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_418_556" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode53" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_418_556" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode54" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode55" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode56" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode57" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_556_668" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode58" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_556_668" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode59" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_556_668" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode60" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode61" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode62" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode63" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_668_692" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode64" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_668_692" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode65" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_668_692" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode66" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode67" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_692_757" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode68" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_692_757" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode69" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_692_757" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode70" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode71" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_757_800" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode72" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_757_800" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode73" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_757_800" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode74" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode75" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode76" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode77" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_800_825" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode78" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_800_825" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode79" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_800_825" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode80" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode81" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode82" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode83" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s225283_825_849" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode84" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_825_849" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode85" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s225283_825_849" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s225283" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Note that ERISA = pertains to participation, vesting and funding and so influences all aspects of plan design for defined benefit plans.<span style=3D'mso-spacerun:yes'> </span>How about defined contribution plans?</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0040.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <link rel=3DOLE-Object-Data href=3Doledata.mso>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0040.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan design"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"222"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>6</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s227330" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s227330" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan design= </span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 27331" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s227331"> <div id=3D"_x0000_s227331_0_9" class=3DHB style=3D'position:absolute;top:3= 5.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Cove= rage </span></span></div> <div id=3D"_x0000_s227331_9_24" class=3DHB style=3D'position:absolute;top:= 40.75%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Reti= rement age </span></span></div> <div id=3D"_x0000_s227331_24_41" class=3DHB style=3D'position:absolute;top= :46.0%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Bene= fit formulas </span></span></div> <div id=3D"_x0000_s227331_41_57" class=3DHB1 style=3D'position:absolute;to= p:51.25%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Defined benefit </span></span></div> <div id=3D"_x0000_s227331_57_78" class=3DHB1 style=3D'position:absolute;to= p:56.0%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Defined contribution </span></span></div> <div id=3D"_x0000_s227331_78_95" class=3DHB style=3D'position:absolute;top= :61.0%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Maxi= mum benefits </span></span></div> <div id=3D"_x0000_s227331_95_117" class=3DHB style=3D'position:absolute;to= p:66.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Supp= lemental benefits </span></span></div> <div id=3D"_x0000_s227331_117_140" class=3DHB style=3D'position:absolute;t= op:71.5%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Empl= oyee contributions </span></span></div> <div id=3D"_x0000_s227331_140_148" class=3DHB style=3D'position:absolute;t= op:77.0%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Vest= ing </span></span></div> <div id=3D"_x0000_s227331_148_172" class=3DHB style=3D'position:absolute;t= op:82.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Meth= ods of distribution</span></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 27333" type=3D"#_x0000_m1032" style=3D'position:absolute;left:336pt;top:3in;widt= h:326.75pt; height:234.25pt' o:spt=3D"75" o:bwpure=3D"blackTextAndLines" o:bwnormal= =3D"blackTextAndLines" o:preferrelative=3D"t" path=3D"m@4@5l@4@11@9@11@9@5xe" filled=3D"f" fillc= olor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill color2=3D"white" o:detectmouseclick=3D"f"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0040_image011.emz" o:title=3D""/> <v:shadow on=3D"f" color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"f" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"quarter"/><p:animat= ion number=3D"9" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noB= lack"/></v:shape><o:OLEObject Type=3D"Embed" ProgID=3D"MSGraph.Chart.8" ShapeID=3D"_x0000_s227333" DrawAspect=3D"Content" ObjectID=3D"423"> <p:oleclientdata subtype=3D"graph" menuname=3D"Chart" clipboardname=3D"Microsoft Graph Chart" followcolorscheme=3D"fullScheme"= /></o:OLEObject> <![if !vml]><img border=3D0 v:shapes=3D"_x0000_s227333" src=3D"slide0040_image012.gif" style=3D'position:absolute;top:40.0%;left:4= 6.62%; width:45.31%;height:43.5%'><![endif]><v:shapetype id=3D"_x0000_t202" coordsize=3D"21600,21600" o:spt=3D"202" path=3D"m,l,21600r21600,l21600,xe= "> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> </v:shapetype><v:shape id=3D"_x0000_s227332" type=3D"#_x0000_t202" style= =3D'position:absolute; left:390pt;top:204pt;width:222pt;height:201.875pt' filled=3D"f" fillcolor= =3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]"/> <v:shadow color=3D"#669 [2]"/> <v:textbox style=3D'mso-fit-shape-to-text:t'/> <p:animation number=3D"3" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/></v:shape> <div id=3D"_x0000_s227332_AllText" v:shape=3D"_x0000_s227332" class=3DO style=3D'position:absolute;top:38.75%;left:55.24%;width:34.08%;height:36.0= %; white-space:nowrap'> <div style=3D'mso-line-spacing:"100 50 0";mso-char-wrap:0;mso-kinsoku-over= flow: 0'><span style=3D'position:absolute;top:0%;left:0%;width:100.0%;height:11.= 11%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Coverage provisions may </span><= /span><span style=3D'position:absolute;top:11.11%;left:0%;width:92.3%;height:11.11%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>vary based on length of </span><= /span><span style=3D'position:absolute;top:22.22%;left:0%;width:88.46%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>service, minimum age, </span></s= pan><span style=3D'position:absolute;top:33.33%;left:0%;width:96.15%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>etc.<span style=3D'mso-spacerun:yes'> </span>The IRC 401(a)(26) </span></span>= <span style=3D'position:absolute;top:44.44%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>requires that defined </span></s= pan><span style=3D'position:absolute;top:55.55%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>benefit plans cover </span></spa= n><span style=3D'position:absolute;top:66.66%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>min{50, .4 n} where n </span></s= pan><span style=3D'position:absolute;top:77.77%;left:0%;width:88.46%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>denotes the number of </span></s= pan><span style=3D'position:absolute;top:88.88%;left:0%;width:85.16%;height:11.11%'>= <span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>employees.</span></span></div> </div> </p:slide></div> <p:animation number=3D"-1424429804"/><oa:par id=3D"TimeNode0" dur=3D"indefi= nite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_0_9" attributeName=3D"style.visibilit= y" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_0_9" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_0_9" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode12" dur=3D"2.0" targetElement=3D"_x000= 0_s227332" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode13" o:presetID=3D"ppt_8" o:presetClass=3D"entrance" o:presetSubType=3D"0x10" begin=3D"0.0" fill= =3D"hold" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode14" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332_AllText" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode15" dur=3D"2.0" targetElement=3D"_x0000_s227332_AllText" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode16" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode17" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode18" o:presetID=3D"ppt_8" o:presetClass=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:animateFilter id=3D"TimeNode19" dur=3D"2.0" targetElement=3D"_x000= 0_s227332" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode20" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332" attributeName=3D"style.visibility" to=3D"hidden"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode21" o:presetID=3D"ppt_8" o:presetClas= s=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"wit= hEffect"> <oa:animateFilter id=3D"TimeNode22" dur=3D"2.0" targetElement=3D"_x0000_s227332_AllText" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode23" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227332_AllText" attributeName=3D"style.visib= ility" to=3D"hidden"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode24" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode25" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode26" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode27" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_9_24" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode28" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_9_24" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode29" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_9_24" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode30" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode31" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_24_41" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_24_41" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_24_41" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode36" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode37" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_41_57" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode38" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_41_57" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode39" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_41_57" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_57_78" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_57_78" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_57_78" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227333" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode48" dur=3D"2.0" targetElement=3D"_x000= 0_s227333" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode49" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode50" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode51" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode52" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_78_95" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode53" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_78_95" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_78_95" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode55" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode56" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode57" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode58" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_95_117" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode59" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_95_117" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode60" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_95_117" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode61" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode62" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode63" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode64" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_117_140" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode65" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_117_140" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode66" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_117_140" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode67" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode68" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode69" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode70" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_140_148" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode71" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_140_148" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode72" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_140_148" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode73" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode74" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode75" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode76" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s227331_148_172" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode77" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_148_172" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode78" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s227331_148_172" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s227331" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/><oa:buildChart targetElement=3D"_x0000_s227333" groupID=3D"0" build=3D"allAtOnce"/><oa:buildParagraph targetElement=3D"_x0000_s227332" groupID=3D"0" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:b= uildParagraph targetElement=3D"_x0000_s227332" groupID=3D"1" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Note that the fi= gure provides the percentage of employers offering the plans and the percentag= es do not add to one because many employers have historically offered both p= lan types.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Coverage provisi= ons may vary based on length of service, minimum age, etc.<span style=3D'mso-spacerun:yes'> </span>The IRC 401(a)(26) requires that defined benefit plans cover min{50, .4 n} where n denotes the number of employees.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension plans mu= st define a normal retirement age that is the youngest age yielding full benefits, e.= g., min{65, t<sub>0 </sub>+ 5} where t<sub>0</sub> is the initial employment date.<span style=3D'mso-spacerun:yes'> </span>Note that retirement = age must be set in defined benefit plans to allow the necessary accumulation = of dollars in the funds to cover retirement.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Maximum benefits= </font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>No qualified pla= n may use more than $160,000 plus COLA in determining benefits or contributions.</f= ont><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0040_image011.emz Content-Transfer-Encoding: base64 Content-Type: image/x-emz H4sIAAAAAAACC9Vaf2jVVRQ/9+6lc0wbD9d8T7Pl/LGayZY6ZwM3MyeJT4bzxcDnWLbWXogTZzEk 7EEjMAwqFjQeEkSQQv8I0f6R/BGCfygahH8kSZmw2B+29ZdQus75fs/dzrvv+/3uu7U1+8LZ/XHO 93POueee+7337ikAOIi0FCmOdKMA4CsN48+DNwEGdwGUb080ASj4fRXATQXwGOQ+mQhAO77biLwR iwd3IpA5UwAIAGuRypEQrkqh8DKslyCpkgu38FVoZyLZFFIzy65ojEAxwy3H90x9pag/3Th/vF7d qB3ciGtdQ6QRxnmEXcn+Jlp27IHCbS9r0FCI/pUoUwIsgYl3YlwfGxuDxVxfiBTlOg3Z00iFSCsm ZMe8+orYZ/MYGalD6h6vr++EPVgcVhQJgFskKJ5zE3FbsRWOQBpedWI73cfEohz+HnvKiRqsgV8f vHvyXhQqv4TqZaNRaL4XdWQprh1vO27AfIHRPBKFCix7KQpIfyFz96mNNbuwX7EM4RT2ZR3Zn09D 9UfvZZ2RJZ9X/hl1SMPMPdu2LDj+226khUUnaI5l/ogC6ezAsv1UpJr6jS+reOyVqGPcM379XrGX sp4xxrgu5zib5yfMpe/1/wc7wnQTsc9rmihuv4lbJpMBOZ5a1FFXZonAN7roHb9ce4VyHKmN1gns 6ENKa3ddasNaN/b26ZTu0WlNbaML+ZlKgSN9kT5KfJq/3ZCL34bcbuSQHmob+W6WJ3tSLE8yJNun iVKObU+y7n6UieAA/4Dj9h2WqykfxLiZHCH75Ngt5TWkje2KiljVMq+bx8a0jU3y3RqdK19hyVdY 8vdVrvywypWntpQ/b8mfteTPWvLvW/K9lnyvJZ+w5Bss+QZLfrElP8+Sn2fJ37LG8xrkyl+zYvGF Jd9vyffbsbPk91ny+yz5aku+wpKvEHk1X6xTIOph8l3mi5x3U10HJI7X95Se6eS4zG2T6345Ndu5 /F+Md84+gPZAPuPdxOvHovG9zYvNZgkxa0tBwNpSwHsjo99ex+OdnXnruLGLeDFRnyyug7y/uyLi MYi1QdiPfc1IKU3tNcJXx9yrV3NsiFg2e31L6B2jtw9pP+sfn09Y68PeQYeoPvHNiIhvRkSMibFn 9cBAnj3GBuLFRF3aYHzfD8Z31+9PkYwtTZwfhePx3N7sFWNlxXiy70eliLfxx8yLRGcixx85J6Rv JBcTdePbMNJd2uuJ8R3G2jCMYt9dpJQe9ojrwNUB37gW+MSV3pHzaZT1586nURh2KO3Mp7Bx7Rno 8Y0r8WKiLm0wvo+C8d31+wqSsSVsXCmCahZz1yuudh4b37pQ6SUsj6mJ8e1Sad2lrmPfJaSUpvZM 52st6rvO+o3eWtRTi3q7HKL67OZrrfD9OhjfXb93IBlbwudrblznMl+zqHQnll+L8c3ieGZVK/bt RErprJr5fKV4trL+3PnUClmH0s58ms187RK+t4Lx3fX7GJKxJXy+aidej0K+xvGFYlRcJfZNcdwz xXVMVelipJSm9kzn6xDqjClXv9E7hHEcUjFFuknn0CznK9lgfI8p47vr931VrIwt4fM1N65zma8J VLCO9q5ifBM4pgldj33rkFI6oWc+Xyme9aw/dz7VQ8KhtDOfZjNf48L3ejC+u35XIRlbvOLqZ5fc v8t5Pt2zuDwjeZ3LzTnOfs/wk9z2O6cnue13Lk9y2+8cnuS237k7yW2/c3aS237n6iS3/c7RSW77 nZuT3PY7Jye57XcuTnJbnk/3YkH0AlILjt1uLI9rNy53625vJTI86ttl3RmO8dPsYN/eWsp47WzH UsZssjANryAAc6+DuQ5qsCTcIi4l/h3l4i/0wCdeGPznA/DPMP6PKh//TEj89QH4hxk/64F/OCT+ hgD8TYx/wAN/U0j8jQH4D8HFf8YD/yGEw68NwL/M+COQj385JP6mAPyTjD/ogX8yJH5dAH4L4x/3 wG8Jib8Ze2x8k7Nxxt8O+Tkbh8lz1uSW35rbo/PXXMmn9hHBL1G5fGpL/kWLf9HiG31SP/HJ3w6k D5HewfYv4P4/TvpseJFJxrQGR7QOR7aUfS8V40o6tigX52OVr8PwwujYHKBjhHG26XwdI1PSUZen w+vebSp3bWHuM/3+ZzIXOulu0O9Orcq6+7zBd59zeRds38M+SraYvV0kYG8XmeR8Zp+Tgs5Gk8Xt c2yUohHfYrlW+f9fSu4nn+D6Es6300gX8P0iZF5BPzda3yriPYcdjwfk20Enb1+HTtxhHcKyA8rh AJaHuO8o/i3j/Cvmtdq0yzzaUq5Y2Awz/H8KbZ0j5nJu/ltbpnp34HW2Cjrr6YCzXph5eoTn6Ylp ztNenqdvIPMldOQTj3n6gXJ/R+A3T1N58zR4Xsp5Z9vTz/bQd/AztOechz3fKPcdP3voW/cadKMt R51fXhyAt7CWdnqMDWWsd5Gwr8yyt2wWcyRi3TnMZY5M1Ra/b2KYs3xBwG80FvD+y+AG/hYH7Zn2 73jw3UoxDhKH7io2cH7Sb52ebQRYOe53poF/OpORdXNHVcLvaPH7pkV89wHMp/o/sHtmSuglAAA= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0040_image012.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlh8wCuAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAgACADp AJ0AgwAAAAAzZhpmZiaZmTPMzE1mTXOZc4CAgJnMmQECAwECAwECAwECAwECAwECAwECAwT/EMg5 A7046827/2AojmRpnlhgaWrrvnAsz3Rt33h+o3xvWqsUIOgrGo8/pHI5zKyIzKj0snNOr8mKqoLt MgOGsHhs2Fq96A60KVmn3yIVeR4ouNnwfFu41/s9OAV2LH+FXH2GiW0IjI2OjHWCd3eKXkGUlW8B j5wIkYNnmXCXooabnY6fk6Wjh6wpNkWnqJCCoHyvlq65bXNkLT6ztKqEvF2kTlXHvmORmCHCqMSh xlPIFCoD2tvcAwECz0dgzGHTPNGd5lTVKGZauDHd8t4C4Dr3+LZ2+DK0jaoz2GVBBuUJERz1wB3z 50lfuA/oOKnDJrDEk0MFmxwkwLGjR47f/+o9DMbw0612DBtKKlYxDqIh7tpcrPCxJoGQCrFETOWQ ZElbq1q6xOMK2MsANj/iHNlj57+eTVNO3CUUEKKZRbEl9bh0oT+TTDk4fbqSWlVApGJe1boVZMKw KL9CPScVKMuzRq4NaetWpNdhc+PKLYsLr6xdSPl21fnTbtTGJykazouY7823f6UFPjG2FuF1kw8f tbz4SmewPgdHphqac2XFmBmrXm2x7mfJrc+9blvaGmTaJDqrBA43d6iNsP3KBuyYLuSgxmFRWXPp Bem3/LL/zh7D9j4Z0fkQBB0zMe/YprenZk48PHmM64CwPa88/eziTrxDd8/mIHWseyWXk/997AE3 gnBTveQeVgy6gxx9A/p233qa3cZadAwqqJd5W/UmxWmb/aDfXfw5CBM883WInoQF4pfCiGbxB8KG 19XHYoUW1vYciTJCtJuKNn6o3mOq7dejj6MJ6GJwQzpXJI9HivVjUh5GAWJzgrFnZJRSJgnhkhvM 0GSWOG7JJUsPAhlhMPN4MyZnMBZ2ZphT2lRlO226OSGRWkKJoX9qVedCjfZwB0OeerZoqAv6BdQj gBrKlCKVK7Zjw5si7hgjhpHGRxSHlAbJmWKY6vjkpsZB+p+XaoI5aU1X5sikpnKGB2BBJtKkpCyk 7ulkn6jmdutxr8Ja6ai8lTrrqbXamhb/sbrSh8OMvbZIYTpY4jYnnaxSOg45ZYwEKqzKHhgnaNty +ylp3zKjgoFUVIsjvNCcq226KEbboQ3Zhikvtv2aCmyz+K6lL5W0qvGvRCEKXKafBdO48CMJOjEx TwEvOzC6BaObJsLMKpysr2QC3F7H+bZBWsJiXUyWrOayfOGf08FjncuefXcDzsPpvGij4Mm06NBE w2BwRicebKfMLPCMGp8PQ5tqhlbIpzS5Ibc8srXQiMk0Hq6KYoag0q3rdMYpnI12CnkimLFeXWJj 9YwzQzS23EdrIfHWUQOiNsxUIOq2rAQZfS9R0NRtFWJUI2023yaL+ze9QtNgb1YBdmTQ/9hAbNG5 g4KG/g5MnFdOOhcmqgV2sUp9nTbkDK99NVeXH63U6hfljvoe1zyr0ei6fzrU4x26Hi/sFDf8evFf E3R7WsAEr1H0mE/vud53D5t4t0tn7S/yGAM+u+a1r545SLhLNvfc5qdfVEba08091htrzTzXIt9f P+YxmH669JvzH+nIBr3g5Up+xAPZ/poGvpdR7nzd857BUjW8j0Wwb/lT4LweMq7WNU9xVQnL3vQX OWo1MGcP7CDtPqig0IiwTvTDoP00aLIU8mw40AlbJjo3HcfBYGVFysHkhHjCnNEAhEK524UMwroV LtBiRXxaBi8ow+oJq0HU+d34yCdBKP+SMHbiU1kRcYgmZ7VQdAmkIhglF0XlHe+LaywjzRCHuBHS MI4QGWIex1gxuLmwcR5rIhefuLw7Jk92YoTjIU9Gx8nwkHdZnJ8HCflGQ4bPhnx8GxJb8kJJOrGK DFSkAzl4wz5usiKdTGMMS7hHUaKQlJkk3CkFkkoLrhKPfmsjIiF4S1wGklPbU+UkQelFS46ylcZ8 WQ5tVUFBgsR4zowVJl1pRDkuDm+p/EIzt/jMLhZSjYucZjKrKTU1EMycH9pmIqlZsW/28pKwpCYZ odW/AUqKei4YnT3Tqbo6Yk8FQNQSEdnpEByUEiiO6g/F3Ge19fWnfV9QFdLKE1BiunP/mDWM5zjn ma9oODSfALSnH5GgRN55ypYY9eUMwQlPZLI0fMscwkJ914eP4kaHYhkWGlH6SVbmkqC7VOEgn0iQ he6TelrsD+f6KQ5A3tSZN4EmN6Wp0ZcqU471TCIWywPDlC6SjUANIy+9+lVrCitpEIWoUIfq0ym+ 85g/3agpW+hIdY6VrFd16VtfqVe85jVlZw0mT9mq0u+FVZxWJSdg2yGEZ7BPN4KFaqzAOk4prnSv iv1lUyBGV8ZGlptR9WYlE2tZw8pVk53Vp1H6h8/V/lNvArwmkoTZ08KGsrJujGb5RgofmpbUpibN EG/PWc61dpOSuiWZaRPLUc1Sw7fC/91dcNcyXI5dc7DHtehoMVva2zJ3ro3srXST5tv0RTe18cGV zQb1Nx0M0aCx9NkLQAg6LOLOKCKt7wTV4FSMYDe0yJ1quZLbxeqGEFL+ZJ9xAaxdAm+wr7W1bVr/ eBRA3aqibb2sX3tWVcw296ZFC3HRzujcBU/WhIft8IY/PMsQ5u2poD0xhAkbThVHuKzBuiLqIklb GsMUxbgN6kFlibISY1jCF70xXN26YvAWeb8mluo6SZtbAbPwyVA+Mo7jSmUhx9dMHbNjlx94Vx8v WcNK/qt1iyxm7u6yzNnN6IzjnOEWH6nNG27ndvNc5Sl72MlPxnOaWexdN3tZnoBekP96PXYzXcqX Bu/d2ZcTWqIX+1eyUoYzg+XM5T+jVkYIxpWCtfzjOW8ajIj1NJFB3SmhdXXQenYwp5k8aEKHN7AH KS6p1YxmM/O1003+dKUnnOX2AnnMqQ72qkEdOh9iWrSyRrWNfZ3Zw6FM0NSOtZXx12s6SxinLnx1 tt9sXKqaenCMxDK2vV1qYMO6z5pGN5gjJm5283q5hhZruXeLZStGGdrbfrC7qW1rcNfVk+MWa7wH HHBiGtww6z71lmmdcH0POd0l4vH72Oto9zr60TK4+BEfVWHx/FfGA7f3rymu8mrbmZPUhcWojX1u hvtZ2Rhnpj9hi/CWa/vm7z70aZf/vaBW+3vXLi80n4X+XWEXfecwBnrQybxv5Sq91ok2Y00B++8A S93n8K56gftd7I4fO9/JxrrT2Vxvibeb5W4/M75xPm98RRzlcDd3yuN+b/Sm6+6ZFrvA885vsgMe 4F/nO4drfmV1tx3v3VZ8d4vZdKKzveeSJ7ce9y5vzjJ7vS1AOg4HGmSQh3zSQduWqmBygNa3vusV CoDrZ0971wseYLKvve4PcHtsqWD3D6+GRHUP+3T8fvfEP1vukU/73ktk+c0PvvArLOLqW//6sbi2 0Y/RijRInx0I1gTZucTU8Zv//OhPv/rXz/72BwNvkor/++UPOsrIH63ldz9axKtFXR0qsaEP1RQz MYABqH8uMR4GtFkEmIC6QYAPFX4GKFur5YCb5Wr/43eCpV9oFYHDI10AOH+IUYCQRRUfyIGfBYAQ GBxbx4AV6IAlaIKzhX/VYX8yqE8VuIH1Z34RAAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0041.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0041.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan finance"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"223"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>7</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s228354" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s228354" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan financ= e</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 28355" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s228355"> <div id=3D"_x0000_s228355_0_18" class=3DHB style=3D'position:absolute;top:= 35.25%; left:10.11%;width:39.32%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.52%;width:90.47%;height:100.0%'><= span style=3D'font-size:83%'><span class=3DHBB style=3D'position:absolute;left:= -10.52%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-CN'>Fund= ing procedure </span></span></div> <div id=3D"_x0000_s228355_18_37" class=3DHB1 style=3D'position:absolute;to= p:40.5%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Benefit allocation </span></span></div> <div id=3D"_x0000_s228355_37_53" class=3DHB1 style=3D'position:absolute;to= p:45.5%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Cost allocation </span></span></div> <div id=3D"_x0000_s228355_53_74" class=3DHB1 style=3D'position:absolute;to= p:50.25%; left:15.16%;width:34.45%;height:4.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%;height:100.0%'><= span style=3D'font-size:90%'><span class=3DHB1B style=3D'position:absolute;left= :-10.17%; top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>Funding requirements </span></span></div> <div id=3D"_x0000_s228355_74_161" class=3DHB2 style=3D'position:absolute;t= op:55.0%; left:20.22%;width:34.45%;height:14.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:7.06%;width:82.06%;height:24.56%'><= span style=3D'font-size:89%'><span class=3DHB2B style=3D'position:absolute;left= :-8.6%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-CN'>ERISA imposes funding </span></span><span style=3D'position:absolute;top:24.56%; left:7.06%;width:78.26%;height:24.56%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>requirements that are </span></span><span style=3D'position:absolute;top:49.12%;left:7.= 06%; width:92.39%;height:24.56%'><span lang=3DEN-US style=3D'mso-fareast-font-f= amily: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>generally limited to defined </span></span><span style=3D'position:absolute;top:75.4= 3%; left:7.06%;width:78.26%;height:24.56%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>benefit plans </span></span></div> <div id=3D"_x0000_s228355_161_206" class=3DHB2 style=3D'position:absolute; top:70.0%;left:20.22%;width:34.64%;height:7.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:7.02%;width:92.97%;height:50.0%'><s= pan style=3D'font-size:89%'><span class=3DHB2B style=3D'position:absolute;left= :-7.55%; top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-CN'>Pens= ion Benefit Guarantee </span></span><span style=3D'position:absolute;top:50.0%; left:7.02%;width:77.83%;height:50.0%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>Corporation (</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-han= si-font-family: Arial;font-size:89%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.pbgc.gov/"/><a href=3D"http://www.pbgc.gov/" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">PBGC</a></span><span lang=3D= EN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 89%;mso-fareast-language:ZH-CN'>) </span></span></div> <div id=3D"_x0000_s228355_206_222" class=3DHB3 style=3D'position:absolute; top:77.5%;left:25.09%;width:24.34%;height:3.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.76%;width:90.0%;height:100.0%'><= span style=3D'font-size:88%'><span class=3DHB3B style=3D'position:absolute;left= :-11.96%; top:.22em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fo= nt-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.pbgc.gov/media/news-archive/2002/pr03-09.html"/><a href=3D"http://www.pbgc.gov/media/news-archive/2002/pr03-09.html" target= =3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Bethlehem Steel</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N; display:none'> </span></span></div> <div id=3D"_x0000_s228355_222_238" class=3DHB3 style=3D'position:absolute; top:81.25%;left:25.09%;width:24.34%;height:3.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.76%;width:90.0%;height:100.0%'><= span style=3D'font-size:88%'><span class=3DHB3B style=3D'position:absolute;left= :-11.96%; top:.22em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fo= nt-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.pbgc.gov/workers-retirees/find-your-pension-plan/PlanP= age/plan_19912600.html"/><a href=3D"http://www.pbgc.gov/workers-retirees/find-your-pension-plan/PlanPa= ge/plan_19912600.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>United Airlines</a></span><span lang=3DEN-US style=3D'font-famil= y:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-size:88%; mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s228355_238_242" class=3DHB3 style=3D'position:absolute; top:85.0%;left:25.09%;width:24.34%;height:3.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:10.76%;width:90.0%;height:100.0%'><= span style=3D'font-size:88%'><span class=3DHB3B style=3D'position:absolute;left= :-11.96%; top:.22em'>–</span></span><span lang=3DEN-US style=3D'mso-fareast-fo= nt-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://richardmacminn.com/life/IBM to Freeze Pension Program in 0= 8.htm"/><a href=3D"http://richardmacminn.com/life/IBM%20to%20Freeze%20Pension%20Progr= am%20in%2008.htm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>IBM</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso= -fareast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:88%;mso-fareast-language:ZH-C= N; mso-special-format:lastCR;display:none'> </span></span></div> </div> <v:shapetype id=3D"_x0000_t202" coordsize=3D"21600,21600" o:spt=3D"202" pa= th=3D"m,l,21600r21600,l21600,xe"> <v:stroke joinstyle=3D"miter"/> <v:path gradientshapeok=3D"t" o:connecttype=3D"rect"/> </v:shapetype><v:shape id=3D"_x0000_s228356" type=3D"#_x0000_t202" style= =3D'position:absolute; left:384pt;top:219.125pt;width:294pt;height:320.875pt' filled=3D"f" fillcolor=3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]"/> <v:shadow color=3D"#669 [2]"/> <v:textbox style=3D'mso-fit-shape-to-text:t'/> <p:animation number=3D"4" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/></v:shape> <div id=3D"_x0000_s228356_AllText" v:shape=3D"_x0000_s228356" class=3DO style=3D'position:absolute;top:41.5%;left:54.3%;width:46.44%;height:58.0%; white-space:nowrap'> <div style=3D'mso-line-spacing:"100 30 0"'><span style=3D'position:absolut= e; top:0%;left:0%;width:95.96%;height:6.89%'><span lang=3DEN-US style=3D'mso-= fareast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>Two funding methods for benefits </span></span= ><span style=3D'position:absolute;top:6.89%;left:0%;width:83.87%;height:6.89%'><s= pan lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>are the unit credit and the </span></span><span style=3D'position:absolute;top:13.79%; left:0%;width:85.08%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span></span></span><span style=3D'posi= tion: absolute;top:20.68%;left:0%;width:83.87%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>Both of these methods= are </span></span><span style=3D'position:absolute;top:27.58%;left:0%;width:99= .59%; height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical;mso-fareast= -language: ZH-CN'>individual calculation methods with </span></span><span style=3D'position:absolute;top:34.48%;left:0%;width:83.87%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the </span><= /span><span style=3D'position:absolute;top:41.37%;left:0%;width:92.74%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>projected u= nit credit method, the </span></span><span style=3D'position:absolute;top:48.2= 7%; left:0%;width:99.19%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>current year’s service and the past </sp= an></span><span style=3D'position:absolute;top:55.17%;left:0%;width:100.0%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>service liability is the present value </span></span><span style=3D'position:absol= ute; top:62.06%;left:0%;width:83.87%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>of the participants projected </span></span><span style=3D'position:absolute;top:68.96%;left:0= %; width:91.53%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast-font-fa= mily: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>retirement benefit attributable to </span></sp= an><span style=3D'position:absolute;top:75.86%;left:0%;width:83.87%;height:6.89%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>service ear= ned prior to the </span></span><span style=3D'position:absolute;top:82.75%; left:0%;width:83.87%;height:6.89%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>calculation date. </span></span></div> <div style=3D'mso-line-spacing:"100 50 0";mso-char-wrap:0;mso-kinsoku-over= flow: 0;position:absolute;top:93.96%;left:0%;width:83.87%;height:6.03%'><span lang=3DZH-CN style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-ansi-language:EN-US;mso-spec= ial-format: lastCR;display:none'> </span></div> </div> <v:shape id=3D"_x0000_s228359" type=3D"#_x0000_t202" style=3D'position:abs= olute; left:366pt;top:197.5pt;width:354pt;height:342.5pt' filled=3D"f" fillcolor= =3D"#3cc [4]" stroked=3D"f" strokecolor=3D"#036 [1]"> <v:fill color2=3D"white [0]"/> <v:shadow color=3D"#669 [2]"/> <v:textbox style=3D'mso-fit-shape-to-text:t'/> <p:animation number=3D"7" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/></v:shape> <div id=3D"_x0000_s228359_AllText" v:shape=3D"_x0000_s228359" class=3DO style=3D'position:absolute;top:37.5%;left:51.87%;width:56.55%;height:62.0%; white-space:nowrap'> <div style=3D'mso-line-spacing:"100 30 0"'><span style=3D'position:absolut= e; top:0%;left:0%;width:98.67%;height:6.45%'><span lang=3DEN-US style=3D'mso-= fareast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>In this method the total benefits to be paid <= /span></span><span style=3D'position:absolute;top:6.45%;left:0%;width:89.4%;height:6.45%'><sp= an lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>to an emplo= yee are estimated and the </span></span><span style=3D'position:absolute;top:1= 2.9%; left:0%;width:89.07%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>amount required to pay the benefits is </span>= </span><span style=3D'position:absolute;top:19.35%;left:0%;width:84.1%;height:6.45%'><s= pan lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>accumulated through level amounts </span></span><span style=3D'position:absolute;top:2= 5.8%; left:0%;width:89.73%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>contributed over the remaining year of </span>= </span><span style=3D'position:absolute;top:32.25%;left:0%;width:95.69%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>service.<sp= an style=3D'mso-spacerun:yes'> </span>The calculation is similar to tha= t </span></span><span style=3D'position:absolute;top:38.7%;left:0%;width:83.77%;height:6.45%'><s= pan lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>for a level premium.<span style=3D'mso-spacerun:yes'> </span>If the rate of </sp= an></span><span style=3D'position:absolute;top:45.16%;left:0%;width:95.69%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>compensatio= n or benefits increases then </span></span><span style=3D'position:absolute; top:51.61%;left:0%;width:97.68%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>an adjustment in the amount of insurance </span></span><span style=3D'position:absolute;top:58.= 06%; left:0%;width:98.67%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast= -font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>is made and the funding of the increase in </s= pan></span><span style=3D'position:absolute;top:64.51%;left:0%;width:91.72%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>benefits is accomplished by a separate </span></span><span style=3D'position:absolute; top:70.96%;left:0%;width:100.0%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>and additional level premium payable from </span></span><span style=3D'position:absolute;top:77= .41%; left:0%;width:89.4%;height:6.45%'><span lang=3DEN-US style=3D'mso-fareast-= font-family: SimSun;mso-hansi-font-family:Arial;font-size:75%;layout-flow:vertical; mso-fareast-language:ZH-CN'>the date of increase and based on the </span><= /span><span style=3D'position:absolute;top:83.87%;left:0%;width:83.77%;height:6.45%'><= span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;layout-flow:vertical;mso-fareast-language:ZH-CN'>employee= 217;s age at that time. </span></span></div> <div style=3D'mso-line-spacing:"100 50 0";mso-char-wrap:0;mso-kinsoku-over= flow: 0;position:absolute;top:94.35%;left:0%;width:83.77%;height:5.64%'><span lang=3DZH-CN style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-ansi-language:EN-US;mso-spec= ial-format: lastCR;display:none'> </span></div> </div> </p:slide></div> <p:animation number=3D"73191654"/><oa:par id=3D"TimeNode0" dur=3D"indefinit= e" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_0_18" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_0_18" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_0_18" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_18_37" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_18_37" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_18_37" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode18" dur=3D"2.0" targetElement=3D"_x000= 0_s228356" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode19" o:presetID=3D"ppt_8" o:presetClass=3D"entrance" o:presetSubType=3D"0x10" begin=3D"0.0" fill= =3D"hold" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode20" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356_AllText" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode21" dur=3D"2.0" targetElement=3D"_x0000_s228356_AllText" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode22" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode23" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode24" o:presetID=3D"ppt_8" o:presetClass=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:animateFilter id=3D"TimeNode25" dur=3D"2.0" targetElement=3D"_x000= 0_s228356" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode26" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356" attributeName=3D"style.visibility" to=3D"hidden"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode27" o:presetID=3D"ppt_8" o:presetClas= s=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"wit= hEffect"> <oa:animateFilter id=3D"TimeNode28" dur=3D"2.0" targetElement=3D"_x0000_s228356_AllText" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode29" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228356_AllText" attributeName=3D"style.visib= ility" to=3D"hidden"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode30" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode31" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_37_53" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_37_53" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_37_53" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode36" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode37" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode38" o:presetID=3D"ppt_8" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode39" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359" attributeName=3D"style.visibility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode40" dur=3D"2.0" targetElement=3D"_x000= 0_s228359" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode41" o:presetID=3D"ppt_8" o:presetClass=3D"entrance" o:presetSubType=3D"0x10" begin=3D"0.0" fill= =3D"hold" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode42" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359_AllText" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animateFilter id=3D"TimeNode43" dur=3D"2.0" targetElement=3D"_x0000_s228359_AllText" transition=3D"in" filter=3D"diamond(in)"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_8" o:presetClass=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" o:groupID=3D"1" p:nodeType=3D"clickEffect"> <oa:animateFilter id=3D"TimeNode47" dur=3D"2.0" targetElement=3D"_x000= 0_s228359" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode48" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359" attributeName=3D"style.visibility" to=3D"hidden"/> </oa:par> <![if !ppt]><oa:par id=3D"TimeNode49" o:presetID=3D"ppt_8" o:presetClas= s=3D"exit" o:presetSubType=3D"0x10" begin=3D"0.0" fill=3D"hold" p:nodeType=3D"wit= hEffect"> <oa:animateFilter id=3D"TimeNode50" dur=3D"2.0" targetElement=3D"_x0000_s228359_AllText" transition=3D"out" filter=3D"diamond(in)"/> <oa:set id=3D"TimeNode51" begin=3D"1.999" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228359_AllText" attributeName=3D"style.visib= ility" to=3D"hidden"/> </oa:par> <![endif]></oa:par> </oa:par> <oa:par id=3D"TimeNode52" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode53" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode54" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode55" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_53_74" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode56" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_53_74" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode57" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_53_74" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode58" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode59" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode60" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode61" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_74_161" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode62" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_74_161" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode63" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_74_161" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode64" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode65" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode66" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clic= kEffect"> <oa:set id=3D"TimeNode67" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_161_206" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode68" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_161_206" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode69" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_161_206" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode70" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"with= Effect"> <oa:set id=3D"TimeNode71" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_206_222" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode72" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_206_222" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode73" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_206_222" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode74" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"with= Effect"> <oa:set id=3D"TimeNode75" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_222_238" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode76" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_222_238" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode77" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_222_238" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode78" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" accelerate=3D"0.0" decelerate=3D= "0.0" autoReverse=3D"false" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"with= Effect"> <oa:set id=3D"TimeNode79" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s228355_238_242" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode80" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_238_242" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode81" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s228355_238_242" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s228355" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/><oa:buildParagraph targetElement=3D"_x0000_s2283= 56" groupID=3D"0" build=3D"asAWhole" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:buildParagraph targetElement=3D"_x0000_s228356" groupID=3D"1" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:b= uildParagraph targetElement=3D"_x0000_s228359" groupID=3D"0" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/><oa:b= uildParagraph targetElement=3D"_x0000_s228359" groupID=3D"1" build=3D"asAWhole" buildLev= el=3D"1" reverse=3D"false" buildAdvance=3D"onclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Benefit alloc= ation</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Two funding meth= ods for benefits are the unit credit and the projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span>Both of these methods are indivi= dual calculation methods with past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the projected unit credit met= hod, the current year’s service and the past service liability is the present value of the participants projected retirement benefit attributab= le to service earned prior to the calculation date.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Cost allocati= on</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>In this method t= he total benefits to be paid to an employee are estimated and the amount required = to pay the benefits is accumulated through level amounts contributed over the remaining year of service.<span style=3D'mso-spacerun:yes'> </span>= The calculation is similar to that for a level premium.<span style=3D'mso-spacerun:yes'> </span>If the rate of compensation or benefits increases then an adjustment in the amount of insurance is made = and the funding of the increase in benefits is accomplished by a separate and additional level premium payable from the date of increase and based on t= he employee’s age at that time.</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0042.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0042.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan finance"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"228"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>8</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s233478" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s233478" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan financ= e</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 33479" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s233479"> <div id=3D"_x0000_s233479_0_14" class=3DB style=3D'position:absolute;top:3= 5.5%; left:10.11%;width:82.2%;height:6.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span class=3DBB style=3D'position:absolute;left:-4.77%;top:.3em'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>Pension costs </span></span></div> <div id=3D"_x0000_s233479_14_57" class=3DB1 style=3D'position:absolute;top= :42.75%; left:15.16%;width:77.34%;height:5.25%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB1B style=3D'position:absolut= e; left:-4.29%;top:.3em'>–</span></span><span lang=3DEN-US style=3D'mso= -fareast-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>The following factors affect pension costs </span></span></div> <div id=3D"_x0000_s233479_57_67" class=3DB2 style=3D'position:absolute;top= :48.75%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Mortality </span></span></div> <div id=3D"_x0000_s233479_67_76" class=3DB2 style=3D'position:absolute;top= :54.25%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Interest </span></span></div> <div id=3D"_x0000_s233479_76_98" class=3DB2 style=3D'position:absolute;top= :59.5%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Expense of operations </span></span></div> <div id=3D"_x0000_s233479_98_107" class=3DB2 style=3D'position:absolute;to= p:64.75%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Turnover </span></span></div> <div id=3D"_x0000_s233479_107_118" class=3DB2 style=3D'position:absolute;t= op:70.25%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Disability </span></span></div> <div id=3D"_x0000_s233479_118_136" class=3DB2 style=3D'position:absolute;t= op:75.5%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Age of retirement </span></span></div> <div id=3D"_x0000_s233479_136_160" class=3DB2 style=3D'position:absolute;t= op:80.75%; left:20.22%;width:72.28%;height:4.5%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%;height:100.0%'><= span style=3D'layout-flow:vertical'><span class=3DB2B style=3D'position:absolut= e; left:-3.48%;top:.3em'>l</span></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;layout-flow:vertical;mso-fareast-langua= ge: ZH-CN'>Changes in compensation</span></span></div> </div> </p:slide></div> <p:animation number=3D"-1072961217"/><oa:par id=3D"TimeNode0" dur=3D"indefi= nite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_0_14" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_0_14" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_0_14" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_14_57" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_14_57" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_14_57" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_57_67" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_57_67" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_57_67" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_67_76" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_67_76" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_67_76" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_76_98" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_76_98" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_76_98" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_98_107" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_98_107" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_98_107" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode38" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode39" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_107_118" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_107_118" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_107_118" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode44" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode45" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_118_136" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode48" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_118_136" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode49" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_118_136" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode50" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode51" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode52" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode53" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s233479_136_160" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_136_160" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode55" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s233479_136_160" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s233479" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"true"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Two funding meth= ods for benefits are the unit credit and the projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span>Both of these methods are indivi= dual calculation methods with past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the projected unit credit met= hod, the current year’s service and the past service liability is the present value of the participants projected retirement benefit attributab= le to service earned prior to the calculation date.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension costs</f= ont><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>The following fa= ctors affect pension costs</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>1.</font><font f= ace=3DArial size=3D3>Mortality</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>2.</font><font f= ace=3DArial size=3D3>Interest</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>3.</font><font f= ace=3DArial size=3D3>Expense of operations</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>4.</font><font f= ace=3DArial size=3D3>Turnover</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>5.</font><font f= ace=3DArial size=3D3>Disability</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>6.</font><font f= ace=3DArial size=3D3>Age of retirement</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>7.</font><font f= ace=3DArial size=3D3>Changes in compensation</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension funding = vehicles</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0043.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0043.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Plan finance"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"230"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.74%;width:2.8%;height:2.2= 5%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>9</b></span><span lang=3DEN-US style=3D'font-fam= ily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s235522" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s235522" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Plan financ= e</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 35523" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s235523"> <div id=3D"_x0000_s235523_0_25" class=3DB style=3D'mso-line-spacing:"80 20= 0"; position:absolute;top:34.75%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Pension finance vehicles </span></span></div> <div id=3D"_x0000_s235523_25_39" class=3DB1 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:39.0%;left:15.16%;width:77.34%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Fully insured </span></span>= </div> <div id=3D"_x0000_s235523_39_90" class=3DB2 style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:43.0%;left:20.22%;width:72.28%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>These rely on insurance contracts to fund the plan </span></span></div> <div id=3D"_x0000_s235523_90_102" class=3DB1 style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:46.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Non-insured </span></span></= div> <div id=3D"_x0000_s235523_102_166" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:50.5%;left:20.22%;width:75.65%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.21%;width:96.78%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.32%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>These are self administered and require the creation of a trust </span></spa= n></div> <div id=3D"_x0000_s235523_166_205" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:54.25%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>The employer is self insuring the fund </span></span></div> <div id=3D"_x0000_s235523_205_236" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:57.75%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>The employee faces credit risk </span></span></div> <div id=3D"_x0000_s235523_236_279" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:61.25%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>The PBGC insures the defined benefit plans </span></span></div> <div id=3D"_x0000_s235523_279_292" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:65.0%;left:15.16%;width:77.34%;height:4.0%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Split funded </span></span><= /div> <div id=3D"_x0000_s235523_292_332" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:68.75%;left:20.22%;width:72.28%;height:3.5%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>This plan relies partially on insurance </span></span></div> <div id=3D"_x0000_s235523_332_374" class=3DB2 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:72.5%;left:20.22%;width:72.28%;height:3.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:3.36%;width:96.63%; height:100.0%'><span style=3D'font-size:80%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.48%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:80%;mso-fareast-language:ZH-C= N'>A maturity funding contract is an example </span></span></div> <div id=3D"_x0000_s235523_374_420" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:76.0%;left:25.09%;width:67.22%;height:3.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:3.89%;width:96.37%; height:100.0%'><span style=3D'font-size:78%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.04%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:78%;mso-fareast-language:ZH-CN'>A bank holds and invests the act= ive life fund </span></span></div> <div id=3D"_x0000_s235523_420_499" class=3DB3 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:79.0%;left:25.09%;width:79.4%;height:5.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:3.3%;width:96.69%; height:59.09%'><span style=3D'font-size:78%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-3.41%;top:.22em;font-size:80%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:78%;mso-fareast-language:ZH-CN'>Funds are moved to insurer to provide guaranteed annuities as employees </span></span><span style=3D'position:absolute;top:45.45%;left:3.3%;width:81.6%;height:59.09%'= ><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:78%;mso-fareast-language:ZH-CN'>retire</span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_0_25" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_0_25" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_0_25" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_25_39" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_25_39" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_25_39" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode14" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode15" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_39_90" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode16" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_39_90" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode17" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_39_90" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode18" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode19" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode20" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode21" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_90_102" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode22" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_90_102" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode23" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_90_102" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode24" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode25" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_102_166" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode26" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_102_166" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode27" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_102_166" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_166_205" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_166_205" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_166_205" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_205_236" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_205_236" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_205_236" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode36" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode37" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_236_279" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode38" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_236_279" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode39" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_236_279" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode40" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode41" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode42" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode43" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_279_292" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode44" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_279_292" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode45" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_279_292" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode46" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode47" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_292_332" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode48" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_292_332" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode49" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_292_332" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode50" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode51" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_332_374" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode52" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_332_374" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode53" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_332_374" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode54" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode55" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_374_420" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode56" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_374_420" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode57" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_374_420" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode58" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode59" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s235523_420_499" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode60" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_420_499" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode61" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s235523_420_499" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s235523" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"true"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Two funding meth= ods for benefits are the unit credit and the projected unit credit methods.<span style=3D'mso-spacerun:yes'> </span>Both of these methods are indivi= dual calculation methods with past service liabilities.<span style=3D'mso-spacerun:yes'> </span>In the projected unit credit met= hod, the current year’s service and the past service liability is the present value of the participants projected retirement benefit attributab= le to service earned prior to the calculation date.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension costs</f= ont><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>The following fa= ctors affect pension costs</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>1.</font><font f= ace=3DArial size=3D3>Mortality</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>2.</font><font f= ace=3DArial size=3D3>Interest</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>3.</font><font f= ace=3DArial size=3D3>Expense of operations</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>4.</font><font f= ace=3DArial size=3D3>Turnover</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>5.</font><font f= ace=3DArial size=3D3>Disability</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>6.</font><font f= ace=3DArial size=3D3>Age of retirement</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>7.</font><font f= ace=3DArial size=3D3>Changes in compensation</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Pension funding = vehicles</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0044.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0044.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Pension contract risks"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"232"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>10</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s237570" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s237570" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Pension contract risks</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 37571" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:296.875pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1" size=3D"half"/><p:animation n= umber=3D"2" delay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/= ></v:shape> <div v:shape=3D"_x0000_s237571"> <div id=3D"_x0000_s237571_0_36" class=3DHB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:34.75%;left:10.11%;width:41.01%;height:8.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:9.13%;width:90.86%; height:56.25%'><span style=3D'font-size:83%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-10.05%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-C= N'>What are the risks for the </span></span><span style=3D'position:absolute;top:4= 3.75%; left:9.13%;width:86.75%;height:56.25%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;font-size:83%;mso-fareast-language:ZH-C= N'>insurer? </span></span></div> <div id=3D"_x0000_s237571_36_114" class=3DHB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:42.75%;left:15.16%;width:40.07%;height:10.25%; white-space:nowrap'><span style=3D'position:absolute;top:0%;left:7.94%; width:92.52%;height:39.02%'><span style=3D'font-size:90%'><span style=3D'mso-special-format:bullet;position:absolute;left:-8.58%;top:.3em; font-size:75%'>–</span></span><span lang=3DEN-US style=3D'mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'>More individuals may live to </span></span><span style=3D'position:absolute; top:29.26%;left:7.94%;width:78.03%;height:39.02%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 90%;mso-fareast-language:ZH-CN'>retire than the mortality </span></span><s= pan style=3D'position:absolute;top:60.97%;left:7.94%;width:78.03%;height:39.02= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>tables used anticipate </spa= n></span></div> <div id=3D"_x0000_s237571_114_189" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:53.0%;left:15.16%;width:37.45%;height:10.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:8.5%;width:92.0%; height:39.02%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-9.23%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>Those who retire may </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtosho= w=3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&= amp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT"/><a href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtoshow= =3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&a= mp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>live </a></span></span><span style=3D'position:absolute;top:31.7= %; left:8.5%;width:86.5%;height:39.02%'><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtosho= w=3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&= amp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT"/><a href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtoshow= =3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&a= mp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">longer</a>= </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'> than the mortality </span></spa= n><span style=3D'position:absolute;top:63.41%;left:8.5%;width:83.5%;height:39.02%'= ><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>tables used anticipate </spa= n></span></div> <div id=3D"_x0000_s237571_189_269" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:63.5%;left:15.16%;width:38.57%;height:10.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:8.25%;width:92.23%; height:39.02%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-8.94%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>The </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 90%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://macminn.org/life/2001 CSO Mortality Table.xls"/><a href=3D"http://macminn.org/life/2001%20CSO%20Mortality%20Table.xls" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>rate of interest</a></span><span lang=3DEN-US style=3D'mso-farea= st-font-family: SimSun;mso-hansi-font-family:Arial;font-size:90%;mso-fareast-language:ZH-C= N'><span style=3D'mso-spacerun:yes'> </span>earned </span></span><span style=3D'position:absolute;top:29.26%;left:8.25%;width:81.55%;height:39.02= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>on investments may fall </span><= /span><span style=3D'position:absolute;top:60.97%;left:8.25%;width:91.74%;height:39.02= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>below the anticipated level = </span></span></div> <div id=3D"_x0000_s237571_269_319" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:73.75%;left:15.16%;width:36.32%;height:7.25%;white-s= pace: nowrap'><span style=3D'position:absolute;top:0%;left:8.76%;width:91.23%; height:55.17%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-9.6%;top:.3em;font-size:75%'>–</span>= </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>There may be defaults in </span>= </span><span style=3D'position:absolute;top:44.82%;left:8.76%;width:86.08%;height:55.17= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>the investment portfolio </s= pan></span></div> <div id=3D"_x0000_s237571_319_364" class=3DHB1 style=3D'mso-line-spacing:"= 80 20 0"; position:absolute;top:81.0%;left:15.16%;width:34.45%;height:7.25%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:9.23%;width:90.76%; height:55.17%'><span style=3D'font-size:90%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-10.17%;top:.3em;font-size:75%'>–</spa= n></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>Plan expenses may be </span></sp= an><span style=3D'position:absolute;top:44.82%;left:9.23%;width:90.76%;height:55.17= %'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:90%;mso-fareast-language:ZH-CN'>higher than anticipated </sp= an></span></div> <div class=3DHB style=3D'mso-line-spacing:"80 20 0";position:absolute;top:= 88.5%; left:10.11%;width:39.32%;height:4.0%'><span style=3D'mso-special-format:no= bullet; display:none;font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-= US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;font-size:83%;mso-fareast-language:ZH-CN;mso-special-format:lastCR; display:none'> </span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 37577" type=3D"#_x0000_m1032" href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtosho= w=3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&= amp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" style=3D'position:absolute;left:372pt;top:222pt;width:2= 96.875pt; height:222pt' o:spt=3D"75" o:preferrelative=3D"t" path=3D"m@4@5l@4@11@9@1= 1@9@5xe" filled=3D"f" fillcolor=3D"white" stroked=3D"f" strokecolor=3D"black"> <v:fill color2=3D"white" o:detectmouseclick=3D"t"/> <v:stroke joinstyle=3D"miter" o:forcedash=3D"f"/> <v:imagedata src=3D"slide0044_image013.png" o:title=3D"life expectancy in= years"/> <v:shadow color=3D"gray"/> <v:formulas> <v:f eqn=3D"if lineDrawn pixelLineWidth 0"/> <v:f eqn=3D"sum @0 1 0"/> <v:f eqn=3D"sum 0 0 @1"/> <v:f eqn=3D"prod @2 1 2"/> <v:f eqn=3D"prod @3 21600 pixelWidth"/> <v:f eqn=3D"prod @3 21600 pixelHeight"/> <v:f eqn=3D"sum @0 0 1"/> <v:f eqn=3D"prod @6 1 2"/> <v:f eqn=3D"prod @7 21600 pixelWidth"/> <v:f eqn=3D"sum @8 21600 0"/> <v:f eqn=3D"prod @7 21600 pixelHeight"/> <v:f eqn=3D"sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/> <o:lock v:ext=3D"edit" aspectratio=3D"t" text=3D"t" grouping=3D"f"/> <p:placeholder type=3D"object" position=3D"2" size=3D"half"/></v:shape><!= [if !vml]><map name=3D"map_s9"><area href=3D"http://www.sciencemag.org/cgi/content/full/296/5570/1029?maxtoshow= =3D&HITS=3D10&hits=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&a= mp;searchid=3D1&FIRSTINDEX=3D0&resourcetype=3DHWCIT" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Dre= ct coords=3D"0, 0, 221, 165"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s237577" src=3D"slide0044_image014.gif" usemap=3D"#map_= s9" style=3D'position:absolute;top:41.0%;left:51.68%;width:41.19%;height:41.0%= '><![endif]></p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_0_36" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_0_36" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_0_36" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_36_114" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_36_114" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_36_114" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_114_189" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_114_189" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_114_189" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_189_269" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_189_269" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_189_269" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_269_319" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_269_319" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_269_319" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s237571_319_364" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_319_364" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s237571_319_364" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s237571" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>At the live long= er link go to the Vaupel article in Science Magazine</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>http://www.scien= cemag.org/cgi/content/full/296/5570/1029?maxtoshow=3D&HITS=3D10&hit= s=3D10&RESULTFORMAT=3D&fulltext=3DVaupel&searchid=3D1&FIRST= INDEX=3D0&resourcetype=3DHWCIT</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>Discuss the long= evity, interest rate, credit and expense risks.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0044_image013.png Content-Transfer-Encoding: base64 Content-Type: image/png iVBORw0KGgoAAAANSUhEUgAAAbgAAAFJCAMAAADe2sg9AAADAFBMVEWxZ5qtrKzp6emEhISJiIhG RUVsa2vU6Mz4+Pg5ODi016Z9fHzS0tJzc3OEu26oqKiOc3/AwMCxsLDaq8be3t7qus5ypl3vytrl 5eXx8fH01+L9/f329vbPkLTu7u7Gxsa6ubm+vb2p0ZmOjY1jYmLX1tbJyMienp7Z2dnEeqWlpKTh 4eHOpLKrhrbH4bzeeouioaFdXFyZmZm1tbXVYXPNzc10WFnmlqeSkZGX1faaOkRTUlKAgIDM6/uY tZbqqrj35OvIiZWWlpbp8+WbyYmn2/d5SmVVbUtYOElmiZjQz893yPFvbW337j7hhpiwydb56/CO wXl9dD2vr6+qqqpvXTw8UFuPXGZggFLQ0NDdb4GhcX27lprj1eeKRVqqOz6Pj49huNP0+fL78fWs qqque1NyaIXJo0L89fi64faPydnr6+ve7tjSvdjv5/BNTEyqqane8/7Ly8uEgoOysrLml8aUk5O3 trZDYnPT09O3o7ybmpqXlpf9+fqquaSXzKxmRlGClJ6ZipWjs5+7vKjx+f13dnbw9+2klaVoZ2fN 4MRLW0T6/PlIW2ZYV1eusLDv3uaGoHtBQED28viEiIfHuc7p3+z6+vr6/v+2nqbUu8fOztWFi4mV mpmgRE/h5eq/0Lj8/PxhU1qnp6ecm5yvr7Hfz+CSlpVkaWbT0dOXkJXT09Snq6j3+/Z6eXmmp6m6 uryQh4ykpKTExMSsq6vEycOrrK7x9PbY0tPz8/P27/THx8etqq7P0NH8+vzMzM21tbnBubyzs7O3 urnl5OSHh4fU1NWjpKWJjIu0t7eLkI7q3ODixNXj4+Ows7LEsrjb29u4uLi0s7N7jHbq6up4ipPk 8ODo6OioiZW7u7uNrr+cmJ2XoZSQcpbT1NPR08+VlJSGhYWmpqbS0tGnWnM2QDnQx85CS1BkS2rl 7PCMiDvTS53cbrCqq63FwsPCwcGeqZiLi4unnKdyX2Jwb2+pqqiBaHBmbWHR0dE9PDzR0tOMiIhu hmS93LB7xMX///+HteYJAAABAHRSTlP///////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////8AU/cHJQAA AAFiS0dE/6UH8sUAAAAMY21QUEpDbXAwNzEyAAAAA0gAc7wAAD/qSURBVHhe7b0PfGLXfSdqBGJg rjCBQR4xlwGu+DvCGQMyGRxdZ6by2E6wMh0vei/WOGmp/dLYYRIpSIZS8Gt294UJU6/iqBvfJG/T tVZKum2eaRfY9tF5G7VaYF8SKwWqNeG12ZXYbHb3Pb9laXld6WWnZ88FJHE1FwQIEJL45eOJLvf8 +Z3f95xzz/md3+93HgI9OpYSeIiG6wSOZICbpTCLj2WTTgfTNMChrJBUqQuPJBLE6ZDBsWwlDXAS BQCI1agwa8kWEemhoSE7/G+P0n2URzv1UUpNS81qX6dmJQvfpfS+avZlpaQdktbMuo+lfVmpHFJZ 6qPWSm3NEPVxX9p1u5RaL6We1j7Y6aZKo3l1OrwcTipVEDirmc/XI1l+BdlilU98Xr7yUc8OVj56 EEpaH5PyiHhqpN2XlZqWz/bWyLqPwwnYhj0aKegrH52zFJZYeI20QTYlKyXt0tLsJtNJERSl4NY+ 4HTA6azCCVcaAOYIBC4Mx91imDKbuHOUx3FH5SMxS3kpZVAejRnKI0Na+Wjn18rKt1Pebg7VyBoP UdLGyB64RxuUT0AiSXkpG6U8KqifCxblMSSkZs07OJ2adsN03zhnXMdTsS0iJYkIww1AZGmxkiFR nMKeU1b5KLFS2jZEBSMzRcnKp0hfSikI7Msqo4AMmKLKkvZlNWGUauZ0lK5FXXRFLZS0AgoYhEtC aVyMsl6LU7osOqmgiKmtGPLpRtyAj+cGIR7PSlZNAifW1+JIkavBYjRYi/9gtOmsCAW4fcU4qAOb +pbI11otZ6izCzWrBK+RdSUw11asqF2eDjiAojARWgKLBI6jJn+oRliixksppVPuT+igjiLq69pZ U9SZk5pVR50bqS8XM5RRtI8nLXUA7sPcVX0utGCWWllbjCntiKPUQQLXo4MlgEo79n0jmekBdzAk 9aQgBH31JGtdmh5wLZElmsM6rKzoAdcK4NA/kLWimEbK6AHXiLSqpEUzgs7tA8o89IA7PHCLspqL 7sNXQFdCD7hDy5WTFBy6jMYL6AFHkVk817gI96nXKgvg2AEhFkuBuPUrlzqAq7WXbbyZ3Z0jZWyc vxq6CbcC2EdTBeBq/V7hYODC1viD/eXCIEmvkK3cYlVuPHW7KqHVAfXx27pjAXkjlJTLNEJM7ko+ mOlfZgRxMMACdmvO7MhAjX2L6WDgZnw0B+Gvvf/aa6+9XwQuNmYBixyAcoBUJSE2chwiDcSqCIhZ ++wgqu34cutQAhL4PQ2QV6MvmI3G/TmMxm99y/ONT37iRRI4sRWLm821NHvNMXwwcAy6qfLaawCc h/8BkOBlPMDBBHZNH47bVPO8FBs3+fBAxJZhhDAeQj0HaY7JzuVKahqrK3SvWvo3H7t1FQwhuowL S4iURwIc7YT32nnw/jWSaY1RbBA7AqDPKMDtKo4m7uJx3FPrrAFnJihXi3Rt4Lkx2TaUOtMQcJxv b9GXfm0QXDj/OnwnWsUkUSnYqqXVbojB3cR1jDha4M6/f/5csRCfsrCQG8CBdEOi521KsiKXDTh8 elzlzGSxUTzrb31na66ldeXiROpKVkpEfJt6XLuT9fxjj19toJjmkjYLHPra+zfJGi2Ibm0mP8Dm TLJMJqlPll2ZYwFfNjJrssmDQuVU2tD6BVVzLW15LvEfUM+TSxVcGASDV4uiaS81Cxy4UPzCAf0q 7HlGKY6zRnW82TyRwTN8kOHlY1a+Q+4YQRQxdXsbcHSli777QN2vD3ZisBWrbRq4MtPFRSPcyZC7 AEIK/+CQh7ARCfx/8o14EbR+73l0WFXUHHnwKPzlwVu3rpJftk7QYYHrBI/dWAfn/6VYyxRZvHrj Qi1DgdY2owdcU/KUJvfPk4NXQXFb2ynqAdeMpMXZf0HNdu3G4+ebKaj5PIcFjsPf26II5BQ+sA7a PDUvgGZyRr5tomRD4UKyc5NkqWpa4NBVDdx9CfTFLVgVY6GnnyjmJ+3VotBqEdWug6AHiN0SsEgk oAFWWqcxNyOUY5Bn7feLtvm7NPjYy53nmhY4PWuJF5n0jfBI5OiBe/XpV58uAhcjMkzcy5n14gPW bJyX9a0JJpbZqkRAM+/pfHOaqDFHHT0HlyD5Q4pF5ys3blWdJVfW0BngLhko6iDaWATEvcad7d8Q /f79YA6qjThOHjp9LE3YQSBFAkenq3z1aRSF/0Hg8jq/WMzAmEMMZCarxRJ+zBoAy3rIHfN4jDhG rj5J7aaSUNaTgzeuVs8vnIlPR4Nb7kxEGuJjOkFhHQhzJoSjFkSiGbXDK6ZYWDfEB92IIxSmtB/3 ocBJnk6FJy2mlf3qj6dfRdEnyclSolD74UQZnmDFNCN8bSGvzDG8YFKTlwK+syFOjiqx0ChrgFZk IbVpJ/09tewXfvtRy70q+VVAlDcurW7osiEN5knynSqouB1dWsqnV4WZcM45wlx+cE9Rrxhop0qd ebzgnCCAjVS5TmoEGPZAzyCnyq+TwDGH2DoHIstzBAx+1jPH8SdnbCAYTLkkPOitdQyoIeBMclYq VMbp3so3H1UL1I6qsKsAqjBLZr1aE/C40lOKZRBLA5dJrJGlkskMZ8k4wWzehpYOOFROgIKFLQIF 0nWCQf0S70BRXpxw+IvaAm8A1RTwtVBOy84b+YJVIMAiOA+vZb/fPYg2NFWKv1/h7HANHtwcQEuT YDYj8er5ap0jpWHAEedaDm8IJvX8jITvnVE3LyLaESdUOCdBCB/fIJf6B5ugQwUXANKiagv+WVZx LR6XU4FGFifr1rU9pAZvDR54SiwWgz4OEKnRCCcSEcvgsbLU4RCjDu2QFLWn1xdr+bzU7hP0+zgp 6VARWS9mPRi4g7rdiXm/9vt7n4xr6IUOnAFUF91hN+AnBpQ6GrI2t2s68srVo9i7VfLYA64OxEpJ OHvj7fzjV45gz03htAXAhWt5GNYtlu5PiO4c5KBXHx88cnabBU6t1+94625uAbcJBZw+E/xWu7cW QSS60nobi6OWlO7/3+Fg8cqNorXN0VKTwJmY0TRSRi6vZQRmvYQCwfMRDYJkF3k44uy0zrWVUqQ7 +tX94c5e+SbawKKE41Ytcsj1dYSyAKX4QJbfNGjt3CRws1DfJtWU0MkPqNLxMTtTB5Ckw67GI/40 qOll3Uoht6Ese/7BXhdfLe9uXr9xo4EqpbGckBFfRqUAi4sBCtfqEEXCDjxxaIkKSMSkHM4GLFos AZrGwjg1CRwOFZgREjhTH1C4J/Nhw7qRAOZJjyLMivAi4DgHk+pDHoBm6Ntl3F557Eojx6VJGLmA j3nDk5lRjWdrVJhR2yYtSaHcg2GZ6ArcfWdmJlX4OlClnGqa7lKrizQJXCiv0inIqZLpiU6o8HRi bAjPpXmjBrsjYJ8Qo4rGuk8DnbjlSR8YXlK/VVhJVtfSbNDFEAp/9P0ffePFP139CuVt9QerDFhh CBVr0jjHx5JRtZWBjQvl9lQmjBkNOZ183A3siGDEBM8I5Bl8Sd9Yy5oEDshm8eInLurzLwM+j4WH 8rzCKDrus+XVGglqPT6rE1dJz7BHUjYmqCSZPi8IwR9yP3vxGzkZ5VXNB2wAaBGdSe9QyDDWap/a yVLnreq00JRjKVb1kk2owdd6ttQhGYgjDlZYLWrIrKoO4Oh1lbsNJfWkECaJovjFhX8dqAdqrGu1 O3V2f9gNMb6vSnX5bOTKYw3zYmHldX05uUKtFYtMfI0e04lVGbM6tC6zs1zQLk5jTkDPLrs5uHTP nmpI43wwcJOaUD0louqGOkzDImhbhuBkjjJwckJl5YgL5XIycpjJBD/96Z9SUx4w+OCIq0EJYyNG 0w8WVAdwztTxmfeagDeoqfGZsmY8OPzifeUrcy9++MvfX63z61ZKBr9xEREg1tNrwP5g1+ccsp8f DByjVtygYvihxeO8aQPZmscYWqz8CbzSjLJkIA/sc6O8xdGj8I+jPR0Q/WdIpKrLGvD5Ail+xbB3 IFIg4Ze6mIpIVlp0CKkyGm99c5oYcXuaY5rM2tVSQ26S1tqN0xYEzhoyyo7EsZEWuC9/+Jd/+Ze/ DFsSsW8gdnEgqoUjvy9Bts7FxYEYl4CoCEj8UU0qAUGVqKDnI9GXTwMdRJsQk+6OojW2bhHahh01 1Zqyvvv94rYGvXGlOS6nWEBqxbTGzdYfTtYxVdK5WX0Z4lYEDoAsNC3iIRs+ycqsl7RRWUVwLREj gjFWVttv1SuNhbTI51GApH95w75hMzsXAywbvmjcVIxFl/WBRm2smpNgc7ni/6o43qC2pB6PgFcG r+xPZg9og0ks0dcGJ8HDAzfCAigvBHi5gmwIgd9DIUuE2BU6ZVzrHyrYjV6wOZrXpPHQZHDROZRK ZAwRvwkU3D5CPK8NqN3de7SA/ovR0k7h5To+bzcHbzx240GPD5FQzoGOjdDatNXUGuAQMZhljMVi m3DPJ5wFrA2vRZln5dd4UniGYOP7mSxmaNUEnGljQKGM8KJgNgctiQpRGc7u3hFHfLc4i7554WCZ n7/y+GODnT2haxK4P3kR0p8UW6RnAtQHbTAxXoLjgp8EKwIiBna0sG7nR/xDHhdgWW1znGR6RgbM cX9Ea7CzdSAg4kWjYw4hIehaU7BoaTlyobq5awnQm4MXwJUrDZwYHNwP6knRJHBokYoVYJMA1YuB XqQLFKzwp3swkLNaAUI+H4Z6ZzImwHBIWWw9kdMCoVRTCCqSGjvQSxw8XGEP8gLdOlXGQ0UN0NXH aw64C1duPX6ljiFZDxSNpWkSONpKigdPuxQhtwg7S7bdN/CP8m+Som1Y6yf/xtpfLbXjD4tsXr31 Zo3yBm89fmOw1lhDpek0LIfSyMQQXGDDQql78pIfKJWIWluQKsBVZDmVVl6O0WJXG3ysxln3Kzdq owbza32upD2ypgVRMRAXd61Sr1UvFKmJKPDCsMYcHUDFffD/UG+U7OgkmGlOhPSAGpICOI9VJ1rg hjZiOZDQ6LPkoDkFwD1w+OxwlXrum9W3AefffP1gAwY3orNbClmZxamP2pzkV8GlB+iGOqdnyRRM Z3omH8qxEC3DltlwZSf7ktBP7Z5iWc0eAiIjYmI1POKcOSlbNBNMqMghXQdw+ysgIFX8VpfSoZSI mrQczrs1k1/VUlCpbV/4BBNGTm4vVz8zhU76Vw6GDYA4LzeVM0asXg3LYTaTRpnkCV02FxpROMxR zJS16V1utdxqCynmxYkMTDHE1uRlMN6BwMjj1zyhox1xy4w0b8hrNBbNdmvrKjm8AbC4b0xz8InC BLKnkRBSAy9gdFEmgIANhWX2UfQYU9k2Y1YsPuJhUtSx4uU/IH++Wc3A/PXzV27dqG9BYtqEECxL wpOh0ZWQZhl+77SBNDyEdoWSLNYQpmeqPXMimdWB5WNGp4TFh8s6M8aHdzPEERkrLNPV6PK0wPHZ toJds8Rgkx5WkzYGY/JBRfPNEuuRMT8HnZUCFSaGaxO7FAxB5VZUp1XOgHQGzg0DGTvwuoBFAF+m c9DgxmHKyuDnWiyD8A1hQ0AqvVf04xJyQ0Dsn18UYzAGPEegBZyIdmWlE8CJPSzv3A5Z9UblmDEl FKZefNH1ox/t/k7+sTrqEs4Jv/HiJz7x4z+T73tHSVh+UIM0bKrOQohE8pA0g4nG4YdzisFIi3Uh uUod0YnkArlFGhU5MgNqaU6C34MtTyajWi2wM0KZuD1X42iTDjgJ1DQiQfh9i5GDFUbPc2/tP2wE 6MWHihtOqU0xDmKSLZ7CJsIBnkeLzpDAg8A4VgqfPTNhLog1OXVAESCYhdiEhMHLKyEyanaebdGx Y2zdiJIF3UsASAX0wKHhRXlm3ihnllVQp31MT0cctSSIElHskK9/gTudJ59+53dsu78qFD/4wQ+8 v4cEXvz5zz/g/Na3zD+oeFX1T/JyGsqYSdf8aESzjZz00AHHQSx2n54XX/PDDkPv2AjevXihGBJK ml+fiNrsPrU9livomL7EOPnrvYkIyG/YGVaTVudX6QVurcgvDYwCr5q9DnA4c2aMgKGAZ8AuxUYe pFyJnEjI0IARQSFhTU8acwhw80RsDka9pqfe4bfYiADgpGHzCdIl6kuz+6fdGbz8uPd/0kj0Z4/e guqRvj77Ay+r/QC7sEmj3zEgSOw5iOr0mh2Fkbh0xwQqS0ngjmBLk613X0s7VWqdrAy6lVcUXV1p FyfoRRS9SHrQSmNgZVYhGpthZFXOcasmS+ZRGWD1PhYjbJIzU2ytXpBTJCfEuANkBTwCwANGAF2x VvOBBNDiTj6Qy0MatRAbsSLRCS3O0Osnx0HE794AGLNerCjp7lGDCBxUhtiW2j1f0m0XpMDCeiDL tRu3Hrt6oR5VMyWrJSYVqe0bVkJg1IUwnbd0Ji5lDsGJcWRDqjXK7KsRD1zCchQb0D5iaFm6pk44 ONohZ/F2nFrU5D7u0Uvnzl28BEe+FEdBYDqSD4mtEUu/OjMPZWAfY63cc2s2xBktSz1kcGjkMZPW oAvIgMaEJ0V+OOIwBggrRmw6BX9DA1KkxzI/49j2SvzhgnQ5r5pY48dEeSDfb/1xUGtK7zGyvAZo 9xIZjmZsW7GVUFBXTzcHz4Pzj/6wgQJ3kwrJe3qyjjDGX9Y7rLFJX9Gq1h2D/9zDHK5QsJDIhLOI GoiRvI4AuVU0JHRpJNZRlfUAS59mQ0K9WSQIXMS6COw21I7wJsGiIi0yw990gVkE2SCMPBah5rE2 spjWzXPqR+DyNBdNBwIeuFiF10A5RoGZZwaZHJiagg1RT3FwHUdjj/mszkU5DxfbU8B9YL+jlWYI n2vIxsBVSp0UTnC5ymnuQqD8w1d+9P1/af3/fvzbH37xK6MZ14++AqmRcuHMIiPP4zQgvqEQZh0a tjVfBC4NDTdd1iHA31jlqVLmrNcCcnE+dN1OBIGUzchyRpJgq+aVRGRHp70UqVIedezjyOQ03xXy p/K6qOJt5Qea7mNUzNHYV2offLl8Q0Y9ZZufnJPL5RZ8q7Oskq3Qf84J/uyTn/jtn34Sug7Xb5NX kRIaCxGeSSdcRi/LxzFnLrSaKZ+nZzT65NDSTMaTC6jVJvlkGiT4WeY6QJdW53wWc3ZUbdU/sBzc 18iWAdfMTNKmPBiM6Nc4OQzcbUMoZZ0bLakWYQd77Mbgtbq0B9VrS0O1lV0CIlIJ3Cat7/RHO4QF Bkcn7OSKxE7qp6QRGBsZoH1iFKYt/1azDScROAf11r86MUT6p0eVsU3/6rdghlfO34CuVB0/q6mT VTLZoYEje2SXmcCWz5sakAJMinD9vmx4wcBa/uG1q+RpduNryMYqPGTq5oBDL0O6fxvWLSnEweLy 8fEUqCYuIXfBuzbfzycir9x4/NbVzp5mN4Nhc8C9NPzUnTu378MKI9NslFR56aBCmhNZ4wBo6CkB 9rgUwJmbqMcEuhmuW55HwDXozIaxSXKW7ERg3sM3oEngzsIZ8s5l8qOqUHhBjIMxNTYUYedxUBjh IHLEig8FHMC2dXgG21YCSuxpWNQL/Wy7dIzcXx0XOjRwebtPZBZBfYNZxsMIngjXh2JTmAkZGNFI /d16vk2io83BnWSJBGNjihjPpmx53O+EHc0BXUlDvw5jmsAw9roMqXsvkrSkBJOK4F8DIhBtyJmg DuBoTNBfOvvO4uJT5FQJVV6mWcUWGxoNBXEt0OflQq9AXRjHtyIb1q41BCLlFQ9ZysBh3HmFH/Mh 5HlZa8lqFU3b+ZahKcARWQURC9IHUiYtspjYQiNbugEv6aMKtmbAlDkfAPJ61ZRFHg8GbtIWfmDg vDF89uzZ4eJUCVVevGkpsiXdVMGjudCCSO+XBIQRpgBsTByktmmtlBosTZtX4EKr1ZrSL3CVgYXp fmcKPrWSZMBtDuYxY9S4kZKxllwePRmEbRXL25cVMqF3Vmi2kmNugAEGnEHEEWqo4xwMXBgbenC5 /8ZLL730DrkTiEANadqIDsUQAQhHgdhJWLLwGNDLEIIwHIZdTCq+dVkkEkX13O0Qm62NsVTwqZWU SAOCpbArnHEYhG1Ut5VfBsw+MJpRGeN6a1JO8JcNAVI+ELi4WeNY1jQUH+pg4Bi0B9b7ESH3/XtE Gi5EzPCUvovJjalJVejW9Ha/PjlmG2s+HlqNRi5rgM9qn7F4cjr1iFfkt4OUI+1MyV1heSRo1oyq LXY4acWXRz1a0VirgaPzHagDkJD+kNqiOuo4TJIhlQgqt/kLY/Pz20LjNKnHbz3p1gDcGTlcdnuk r0+XzBBAJ8cSESyk0hEilUii1cMPW1yYAyopMDW0G65jxDUJXOul0PoSQxouN+6c540pN46olzW0 kqwUwOGBkzzYUY5ICA0DK5znTk8vRyaUMDJLndQ1TTs0cCn/BG//cmijoYVtnSJrQzLDto+5yd30 G3J1FP76yxeuXnmsPuuuOoo7bJImgXvrrd/6/FufgpVLA32coGY9AqIEtPKCtl6AEzLx4sASIoBd l2t6Jjhsu+rJz9/uX0oU5secte9tev3aNXD+SpGunm8kPE09PDSdpkngOO+++7XP/RasVVyQQzNq jYaYVqnlal4ekWhw5pguyWM6xQYcP6pPRz3yWILnAWMZFlbDPuLlC4NXb9x6/Co4P3jt5SZmyYha Rns1MJoonsyhUzKZJA3X45zyFFXcd62nQZ9UxwF9NU+TmwTut77zwQ9+5/NkNWqf0ie6xxTMZ+bU 7JxdkTEDwjDFTKT9AoN0kdW9Si8196//d8SwEDTS2UfAeXHw9ZfhOcFjN65caH6UqZGVwAA6tIgS KEHYCXiqugg3xX1QESbpg0uDSCA0ydBKpFL7LDRHhW/DpNItxQDCkCIM5mquMpsEDv3UBz/41vdg LYk44ORmIwEks8xMzwfDk2oPAAGZLxweMbEJjrnrgFtUl3acmYWPfvqTYIiX3D8kXr82eOWxW4/f uvL669debtiuizrU1YgDcetdI3LHuloznnPFsJmMMMRnDDBWrfp1EJmVmsLq3Ewwx04lTatmlYJc wZPA5aw+lbwJ4AgyD1H6QNHanHz+a9/53Nfegm+1BTsnxwTO+QjPR0D3Uqsob0+PTeXtqEar5HDy XfeR45QmgdzCP/n0xz/zDUGlkoBcftwEN25duTp44WYTE+OD8zMETjPuBV7FlDS37GaApJfN93lR cVgvUDDcm1uIKyPFEC2xxVqUW/Q8tYDsVHNWsIqNTuXDNWVHO+IsLKOGiMc2glWdPj71ecnn/5hc nIBUfkOhBQ4GWJJD1ZxRvxgyexR2k21cGPEQhKvrTuQI88pQhBPmsj/x8Y9//NN/IyUIjkQcgQvG Gzdu/MIvXHwz8sObi/B6IAkMWn5YkoBQQLWk9654+SOjck885zBnmQzhKoZh3tAcz6JLQ0UvGDUy MrJNiUvDDwisWhUKlfZqry4rcRVqyo4WOIUKsNU8NYcNjdnBQSovonI2JP8uxswh4zF2JaH4GM9m 4BpiE//D//13/tr3Nx/60If+Bvk/A3/9ob/24TGbk/UP/9E/+ockxWKsQ9LmDOjTZwVA5BERer7O YteN+CwJjYgYmeSYdHoBCgi49AaJCEMoDhGiRDATd8iX4C+OcQtwc0DtGFu0wAXNOZ/ajwIF6TvA mNr1Gu5KJBpkivDi95L/498liMVPfubTtx5//NaNR9+UcAjYRjj2WktkB4Zrxt0ZbyAZLNpV1qK6 jwTp3axmw7xkYRE4vbAOPhtBkMPcu3QQr519T3h+bvgPv/Yx5s9/bvviFz/xgdmfK2ys2GY7iMkH uo0Br8VNXqMBpPC2WB2oveBoRBJl4EQSi2t3yotAS1umeUICQ2DAosK59fX1GovDtaL7Y5Ei+3Ye 1COD/W7PjbDZwrS/yP61j0VFn/3FX/zbf2xf0+l0rTzJoZaVhq4RAsvaqCiTGsJcNstqUkWGpWgN lYCTLwgXuLGdhdRiTJ9jqzRMl58c2VW+cd8re7WH/T72zhk5S6SiMCadpazNxGTgoSOlr7/6pSef +wcfw1H0C889/eQTX283M4TIGLinmRnVL5uB2axPTrZ6xPlxT3+qf/c8qM/MMgGOJl8EhN4EHf3k p4vISREUzHhhLGgpSkTSdl/Grk0MQcdLeGLCgbdcAalJBDjiRByFf2k74u5WAwz0iSeee+Lr/9dn eeknf+U5u/TVJ/7Tur2NJAaycCTD16zm1FrNUN5j3dLW3lQ30o+KIw41pHC2tJ9eNUwP3Dc+8/FP kw4sEbYminL0yxKo8krlM/5lU1YzrdPY9HoU8WVYIl4KySTms3g4zbMGmnO+aaQ5NdN+6YkvPPnc E19Cn/gH//pf/+BjGv3f/ZhmWdM+8iSBJJeRSQfEmRChzfASgowdarJaRKWp0rbAXeIZ6AulBe7P PkPugkjViSrv97tXZuWGjNAUSIxDMxOzLaLU2ZWiWWkEGVKLzR4VGwx5ZzZA/IiBe/I59EtPP/eF Jz87+0coeBVOlX/UIiFWL2ZxZ0mZHGdUfjbKawYO9L0uhjlo3Ba8BFyfniFx0qpDq0yV3/n0xz/+ mUdJlyotIDJ4BEEyHqY4oDXHAX8W6AwMhlfkJey4Ks/fDKpwYIexN6DrZ9sFVbuCV5+AwMEJEi6+ AETuS21nx80SGGH0R1gPXFGWAtWU7IQtxXWbRIEJQzoOQYg18BX8xVG/oqk0VU74qreBfqr84ac/ 8yiZR8Rz210K4DVICj4wocoLcgZVYp0dj27Y8xw7okfEZpuDB9Jmta9vpkYtLZAhcaBv1sivPffk 1+FFkx2zPgvlI0y1zBiaUom1UHWi8arUGoduWZ+WmzRCuMPDpYnslG5Jo53wyKLBYF+g9gFTpZBK I07YH1TLquzUq/jHvfnNUjEmBQ59uRIyIDCBjNSiGdUvjayLbHktql6UCOxGRShryYGIGmCskfrZ agbH0I59a7XMG9xk+wcZpXK1T6DQb3DGzY51gTFkFc94fAzEk9ZZNXO4PLERR5KjQxjTYd/CpSlt 0K921R+QtATcLPTp4y7Qj9MDHRtboo5tBql9ebADgNNsk64BHaVcHsViTonZm4tnPCqXne9Bcnz9 WmLVEwohoXs6JpRdcvaeCmNxXMEMHioFoqqLSsCpcplMpsolDwcCV1c9HUgUwhnVSTjH4hpGGf9T mBGukaqlryZDQKfPCNP3VtVrk0KVLJ3AEIEsOaUTuvpCjmQKrktG4eweT6yuiuSESo2F3fTHrrSy KwE3xOL5eEr6Xf2xAS63oXLT0MDv/u7Wd7X3fNzf1/761kApQZwuYat/2yK3V5XT0dYqvD56Z/34 4DxF/lL/7FUCLtDfPzampP+4HxvgMGH1Yf1bf/Eff+9rnyse2ZNEF2SwHXMCPNJEJTC+o4QEhFgz FaONk1cAH347VwRu0TCqz3PY9BPsQcc67WhwU2VuyeizvXP5n//bvzTM/uQnxSP7IsmrbH2aqrdG JrcZ2F0pHkiSSv8VRCCIQOeuCNCZMEAc8trm0ogrzDvHNAs0bjnwHUMdqX8At7rlrSjvvet3A//1 gz/51Z+UjGSKwHVoQ7DFgvcO5Jja4r0DsryYE0cyc1mTW5bJqayjgsO0rrw4CYQC/TH68TuTZ3Sd 4UjdLb5z5vbty9eD//EnkJR/byTLL9IMbi790VaCZ6jwwgipVeAwLpPuVI6C0IFpEs65jWSooCfC MHTlIWjnWGcVBoihL4ZhaVwfcwiGWpv1/vD1559/5Df/5Nd/8le/7v3O1+ABFUl9/FD5r3b+Xx90 sEaiglQmMWAQw0gZOTMZ9GhtZmorg2X5ueBK+cbL5lpcAm5ugctiBehnxGOzOKERwP3rww8//PAj j/zlXwmz3/4yaQdaolRdHkjNSZSSS8VIRnR2oJbAKwyGYLy1NREIyftc8bROHcrJDlT11OCgfDqQ 18dUC/styUvZji9wdy5fvz58HeL2PETv7Z9VHH4kOn4zzG5sGihRu60F354ycBt8puWkAfdHb3/k Ix/5+4+8MDx8/+zZM3daMH5aVETZ7vFwpZV1lVDhxSVtxWjoOI6422fv3//sr/4SJOUjjwyffe/u 3cNJqQtzl4AjkrO8akbHxxG4y3dfeuKJD5AXNxngLDl8//LlN7pQ9odiqQQcMmGtupc/fsC9cf/6 9c++ir4Icfvwn0Pgnn/4+vDx3orSQFwCLjnPHUMc9Mv+Ywfce+RK8le+UALuq9efukP+71C9uxsz 79hVuuHJzjztscexAu723TNnzg5fH7589m+f/MmHP/zbv/SXZMCxk0gl4LRLhv4x3Mel8/s/RsC9 cxtut5+/Tv7z/PVf+djY/7omqt8W4JihWwLOx2WqxUBSDkuKypJyQVqMJTPkfuMYAXfm+vDZYbgW uQ7D57z97Dz9vvSYAVSN3RJwccpQWwx7NGOYPKDXk/31uAD30m/8BjnSIHDDzz8M9Vz/rXhPyYml Ko6N0Q2OJlM6LWB06AjksCJ+8omn//bs9eHhh6F+8vojz/7XDh0AHJbtZvPTA8fBoyDAQ3DyTDyc hBbxLTN5b5bPA/NBg3L06c9CnTJc+5+9/sLYyR5vO0HYUItcLsf2dJ4CaEgH4+DzyDNlfoHJJC/n 6HJ6+lXSIeA3rl+/fv9OWjl9or9vJBSlEUdGbuf2767AFn0hGFkNrllI4I7JN+7rTz/5hc+euT88 fHvRPj924nErAYfOIyKdaO/Sq6gShujdDDAD5Ax5TIADd/72OTjchs8A8fTCMfksH2YSK404MyKF zpi75XBI9ypUHSr+clyAA1/60hvvQJWk1mA4BbiVp8o8daqk9IRjA1yJ64GFMdJO4MRTacTdYzDC YeExN88rYmXqr2KsdtKQJIHTunWWra2p+AlQMusWqpj1njTcilMlzsa3Ie2tKo/dVPnGU5Beghd8 jRW9n08DkcClo+kEJNGxPQF/gzQuGR4G2oWx7tcUtKhXVVF5VZTe/YuTOxC2s9fP3BeNzZ+W8VZP +PquB+7M8PMQuPtnPrIwcWrG2w5wWK66wVjXAwc1y2cvX7/8kRcCp2IfUJ4My9463LGRajaiXQ/c fTjaLg8PP/tIi74ex6OYEnASeWx+gUcf9qbrj3Xunx2+O/zwIw+TF4+cHtpZnGA8qDwx0E2YYete zKeulAs0vrv71Ue+evLsgWpKuwScsZ87rUmEuHSOVpM2YQssptsIObRUGH7hkRNrXFJFcmXgbDm4 IOPQhtmAt0B3N6F3/v72f3mqu3lsPXcl4CLLK/bZKpcmdPni5I3Ld9/+zRdOHW7l0wEbNySdZjcQ Eqr1PajZEt+5/vZv/vmZk+cbcJA8ygepGwBEt6u4Enf13Tq3zz78wgvQq+Ogdp6492W7yjFGhjVN v3/t7qny7iMv/ODM8O3TClyavc3tr+JL3t3A/c/PfhWA+6d1qoQLSjdWLZRi1wK34oLhE5796vX7 0GH4THdOhZGcbIo8npbAr5A92lILptJUKRhbWDh253GjHqDn/rfbb7x052y3LirdSHR0VYJK3DE3 R5bSwui5LetgpcWJckwf1POPmelCxizn+v/Lwx/5yPMP/9vvDpSDPbU6rtMhyoMhoQbyQMJIRTJB HqbHrJO2ZU3L7JhKI44HIzlUo66dKh3bXNYcQw9j8450LLBaI1HaYBC2AQWIWOeIpMcIzCNCvSIR OlRQmkqISsAx+p0VIw7FrMKkDnVli64gXQtckBtr2cTTpoLcPLX+Hpbc1PhkmgxDo9AKcq2qqQTc bH+lzcmiPq+Yzi0Fgmxyg9B9wGmLesnMdjFCb1eTOCV0A/FkSJebtEtFibg4Xfednge1qwQcSt4A FK34xsWDUqUE4OSFEd2nqwySIc0yXPIaktNLJeBMbKVSadg7+Bcj0gQbXtFC3vAw6RQKra1bDbVA 1CMZd4LP9ZvcA11NcHHCmVIXw+KQpuFie9mBSGyBI4RTfkCLVuNNUAk4tmFeWeDtWXlZcSBSosCm IYHT5ARYVzkt6XHnNJdtVuS7nMJAVRCy1ChAE2YpkKXURISc5Odm+TAI+Sb8Cz4aZRsweqa98aAQ pe2AIZVlofBa+DIRBTWQsLc4E+RdSIyu8xCcTAePyTy5pQBSfk4iY/CcGZlQrs+boYwZthwEbhb+ ZzNqlUEvpr5nyzYc1qs04vB+c39gLyRUNADL0RYmRqpe/NfE2G5dFoaB+89bV1o7S4L7OM6cVZKE V+vYskJ9fgCuKsWa/JwUiJgAWO3p1IZlzAwwY6Dhc+AScFKzY3Z7eXe8okX8I6UVUPetKs0vfBVG 5+pWbUllR7AgYmzUpfN4Z6Ub1vByXosJQMKamF4HIp9dytDGM4ocnhfoHaz6w5+XyyeBQyNBmSRi qZK564Bb/g9nb8NoJl2qnqQM4L4slhLrhAzLkku1NuDI2UVwwZLJjOqAWD8nF6WS8Nod01pOlks1 bFlIAidagIZC29vc43Gss8H9HRKz28cBuDZOw0XfAWRaiQRwuvuwu2+qVHD/6lHy9O1MDzgoBRGm i6xU6R7dNVXauLJvXnoUoGgPOBIvrD/Zt+Dtfm8dwsbFOBfRS//L5ctnT2qQrjqn1/I+LrAIQtt0 kby6aVWJvmnm8sHFC+grl6TvvFNnA09qsjJweISY2m7kxsajkMe7P/3ovwJvPnTx4sWHBo+i/q6q s7SPy2z3T3Nnu9yV+POX3rwEwOuvkPR6VwnxKJgp+w6ovLPhKtcLdMvihPPjC+i580cho66ss2zJ HOQxsGpXbXbHyYDkAw+9++65h/64K6V4BEyVgMsvjLG8Y/S+HZPmVBc4fXB4X3z0HKRrRyCjrqyy bMksTG5Kq1yKFE7CcGxHTSib6zhqHrqr/tKIm1DGAp7+KteQtcwwqfmWozi3ZVY2zXPRVTlLwKn8 8OY/aF9KR12wODn/gX/fw20fNuVVpV2Tn6rSoY4euJuXfvqzrurt3cBMCbj42PbCQqpLRxznxQuD vQ33fnDKlswGh9bYpSov8d+cQ9FLvW0A7VTph1ZB0ukqi5Oj9Y+T+n8J6rjggUCPKBIoTZWe6eUw z0DvPXC037iof/qb5yFd6OFGlUAJONYCPAGfpvfXOVLgdPNj9KrvU49j6RunjXAiRC5Na2p0lMDp nnmmZTbbJwzqsrcOTwr0CxW4VSi5jhC46D+5dGn3CugTJvjDNqcEHKY0TPSP72q2ojbjMseyafYe 7RUtUeUzNz9/8bAtPKH5S8BJ9Fwue891wBgGGyJ+hlO8uf3IRlx0/qMXUfTcuRMq+UM2qwRcgGsb 6R/biXOyaJZbVShLP1PUUh4VcOn5/ocukfQKyYVr5ZANPZrsEXtpGoNnnehi1Usxm+GttDjhQ4js +M4+jmBnTQXHqMziJzXyR3RFS3xMGYXGXCj6vaIN07i8mdYddR7RJrZB9v7oCPSIEphayU5ZV+mY tTp2998EE3pYLcNaWHr4z9FcihTvn6foA5Y98UO4Yx9JVuhmNZWHdyq6OXF5YcOkFsoyTk3LRl3Z lXihP6bg7S5ONMYVXibgCvm3yKnyKI51YDhzqs3ZMt6I+3VXpIU+4G7o9CEMR1zLs0M2q1CzmRTe a9WoKx+kaoSx6MLuVleswENAO8ssnl0exTdOtABv96GQEWtViztZztQsZ2A1tZ41KggzH/qAi3It O54qjTglomEKFuj3ukcA3Fb/xH69qf5YArfGyoal2nFPzrzs0IYy1qi7ZYrfEnCybej2sUHfFzsP 3L/pn38gnDnn6M0nmhmqKKnJ2PmvmQKq5tkxzxtZllcRTaeBe+Vn0/u+by1t8EkprAxcjeZ0GDj0 0hf/acuWXicFJZp2dB1wg4OX3j3B8m5Z03amStuopYr1ZGdH3M8uoS/31JN1wFsCTr7AjeF4FyxO TM8MvnntYk89eTByZZsTpoc1sEAfzKSTI06w8CJprtwzDaoXOMMyY1a1Fy6Dkq2DwJm4/7QLrN0P Flo3pCi7WUH3/e18FY/UapfutJx94Tart56sV6okcBICqJedVQyZAUNdPJZrP81xfZ2pqP1N6UAN JHCxicL41tTACr2D3Eye0ZH5K7lg7o23+hEngWOQl0nDuZI+LBHDUsXjsf5K6klp4f6zepL10pQl UPzGTbEVAgzLHWVMZsvCFy99r4dK/RIggcPkDKdef6TBtHPciUvnehvv+nEr3q3DLDAXFhb6x6pM lS07iajOlqA/9s1B9GLPw7t+5EjgCA4hkUiGHEc2VY5ycelD125eeKhoF9SjeiSwp2TG+unv9G3/ BhyD+4DzRYOuN+thuZeGlMAecMntIwIuzCUjCPeoMQnsAZdbOBrgXNuKxljupd4ZcVv6YDA4ghwN cDPcD/UOA5roi+SIM5Y24NNHsaoMc//ZpUu94CWNI0cCJ02IirSnKUw74LSpI+Pjt9k8L8z9q3OD L1/s6SgbRo7WdEHGm5tYH/Vli7G527eqvAmyXP13Ln2v59jRMGyVq8qKzBsOqVrrHwK+JAlcu451 rl368cIyOAc9vC9efLkJ1k93FroRR8ziPk2cjQKnBwonnFtfX2/D+QB68dqlv7cj/N5c2Wg3pAVu wrKIKHiLwEwCx2cjCEJe+dFievdR9FpPO9m0UOmAQxVSkNcU1oGP9G1iTJHOTk1XUDXjJWhb8lDP Eq9ZwdIuTlxsJ086ys4HyC15m75xv/fRbwwODn6qWb5PfT56g1jH3DoAaldxY9eeVSWL+7+detkf SgBHZMls5mYOxXYv85EARzh7uB226x0JcIoebofFreJYp1pRrf/GeRd+dGi+T30BRzDiwtxvnHqx H14AnQcuzH2mZ891DIFzcn988d2exuTQyHV6xLG4qUdvohd7GpPDItdZ4CS87T9996F3B8/99OZh GT/t+esArkUBal55GUgCCyZwnvSA693YcdiOdzBw4cmploSquHhJwuRaDstvL39ZAgcDN6nJtcKL ZvDRc8/093BrWcc7GDiGthWVXbsEY9D/WStK6pVRlEAdwLXEd+DixXfffbRnFNS6Xtcp4L75DLxG bLAN57GtE8XxKqlDwHF4/dXu7jle8uoabjsDHMe/MNA1TT4ZjHQEOHthundtX4v7SyeAW1f2967r aDFunVhViufHdK1mu1de+0ec2DBGDa/cE3orJNB24OyGsZbs4FvR2JNUBi1wOo0mSJD/HN7pw67s zZNt6S+0wC3NrlqJGfgP6TJwKJsTuC7pfd86B5xmMhsBxsnJoqvHYSyZ7b11SVtQq6artHmX2CLE E/SToyWMDQ0N0TurHsSUdKy3LjlIRs2+p3X6sAOA68l/lmCxkzY+n9/U+kJrMDSVr9m2nKp8dMBx 8glpIevT2dnkvRSMRJMCGeifh+D3qD0SoF2cmBAkiaoRPHmY++NCz/z0h+3huVdqtW8cKF51tliy WGhyVRnafujCpZ6I2yaBdm3A4wvPXEDP9aKqHTfgtP0fhVZ4gw/1rPDahVx7RpxobP6bPSu8dmFW LLctwIUWJujjgrW1Kaer8HYAJ9pm9/YB7e5GbQBONVbYf21fu1txCstvPXBb/fNtCGdzCqGp3eSW A+da4PW+bx3oZq0GTsbFW2Gw3oGWH/Mq6gCuEV1lqnddR4c6xMHATdqEdX+zRrnMDvF96qs5GLiw VVWvm5V6YfbUC7RTAjgYOEYNx0b07mVIT5WZlffGW6dgO6zm5KXhu3fv3r9cYneLW2juoLxzrT1B NdUx4mq4Wd25D0VxpwRcrh/p4da5ntEkcG/chvQeKAL3VBE42YKvc1z3ampWyfze8JkzZ86+9NIu cGGuref81sn+1OSIu02Osst33rl+9uzZYfh3iLtZ79Kzk607wXUdDjhwGw6823fAEtfcw62zveSQ wJWY/QtuvrNc92o75DeuJEAGd4MiyTfuQzp7uyfddkqg1ograYtprbxKq8rScoTBJe1mK+jO2Tt3 7pwh1y09apsE6O0qN81eTiI/zqjDrhLV7MettEl4r7wtbxvnp7xgWuD0GU6E4GERP+m5fYBd5fKD 1/b1gOtAp6IFzqnna4eUKFAESeBq2v9bi7idh1cIDA7u3HB6Z/ipp56625sq2wofLXCZkHtCzyOA 0wvrnkGcTnO1IFxOLp9k77X3z58ffP/1MqeLRdXze23l+9QXTuutAz9tCha8FIlFrjrCQZksNEQv KEZ5nrz2PgDnehcvdrI30QFH5FfVfrfNGGKTh9/Vp0piozTeIJ07/73XdgZcJ9k/vXXRTpXa2VkH iChmixNk9cVJfm9dcvO11wZPrxCPouVNak5IVs3c8B7H7/8/vbv7Oopfo8C9AffWd94gWbRxsQpO b17oKNu9yhoF7v79y5fvDy8CSYyCW0+QnZZAw8C9BMAbEDgm19VpVnv1VUqgYeDuAPDOWcK23cPt aDtSw8C9A/kdDvTmyaOFrXErr7PwG3f5ES55z3SPjlICjY649+7effuF3yTDaPToSCXQKHCQ2c3e 9+1IIStVXgdwcQqbHB5X2AV8n3oW6gBOHYFKZ/Q98sz7HSD2L/TCK3dDrzkYuJk8A3rrPDUMFyVn b/cZ+ltyf0Q3NP1483AwcAzLImziU3fhP++9rexvxFvueIumu7mvA7jiECvamb/3bA+3boGzbuDg iIsgz/5ut/B96vmoGzj4jfvzF94+9fLqGgHUC9wbZ95+9tm3oYa5R90hgTqA27kV5y9adOdmdzT8 uHNRB3D/7ri38UTyXwdwqj9+C3we/dz3TmT7j22j6gAuznn3U9/53FvHtoknk/E6gHOjb/36B7/2 FrkNp6dIrVhCizWDpEiqlwpjC9fMKq7lkUfUDG9E6vCqEqdWrai4VlZJ3QFhDt+ZqgAnw0BCo4fX RpAXRix+6oO/+rm3qnPsVdfgY6jCFOzBZOEqlrbFlLWzsmpdITKVq8ESMV4r2lgoVSOrRFErQEGy g+p3euBEY0GgDyaKkWkY8e997Wf/R62p0hyq0dRotlbvyta66Kp21tlad9KZKi3Q9jNA2GoBJ7DW Am6zVtZUzU56+FFWWQItcBGmXgjMRuMamZKR4LwFrJLKxYmOujHYoIw4gtrt+iYpDGNUHfVkX+Vb MXXo7suqpspskzLi9mUdoI64FLV/OClTWpp6C+i+EZekzMgEi5JVa6I0rpMjbvKhBzsCGsTcYaBZ YrBJgJaDlt/F8iKdaI+E+ooHkQgPVz4OTKgqH++ZK3Pq8OXKlzrzvcpHmaIyrWhfVoWMUisvVyPr 6gg1baryUYsMVD4mPZS0WSMlrW+r8lHFc1c+BjcoWTXjFP4p71r94KQBTlLwBtgm2L839RC4TABB EHx2dpa5Szi+9zf8i/o4i1ekZDJna6Vl1ky7PyulXCbSSDUUJvZx2FhrKLXWzEqRUcsfYjTAAXF6 1bjuvycy9K6Abu2HqZWl0QEHF3QqMBXL11qatZKHXllNSIAeuCYK6mXprAR6wHVW3i2rrQZwBEYA savoHyeFq+IEw0XRR3DgWrj0Os6AKRMMeeVrLTQOS1uF6+Uk6rCskmV78a11CCxiYViAhZGrUKEs kvWmoEMlqmYkIyDNsFaGw1fDbYCslP5eGoiFjMptgQhu7rSMUTHgyGH+RUG40gd6He43h6zWNOBk GHDjoQ5X7j8TVusa+UIHUFkY2kOJGK7KvbaIfF2sjINN5gj4WrDLsXiUAUUhC5ObmcWMneS9A/H7 qwOnZo8RaGDJwYZc5afRPp9ab64QvtrPA8XXcRNiGk9Kfeq8Yve1JDitAXb2PStbQiZRrSIr+N4X k+ArN0Dan8vhqFDh8A3kJtRM525eB2+MA/LZFbZbyLPknXZ2zsrcVdukFQs5oEEceZg+tG0C+aC6 eK9kkaTLYyng8K/MKBZxjZqd9rIcvj3jwqSyACQIFmLbPWbTBBZHHLNk4IESRdkyl1KcN6v9fVae iZ3RKR3eitZq/eRrBaxsaDlv4i3p/EUOiiQp8B1+gQNfQeD+W8hNAF4QY7c/Enx14BwKA0EoE2BW CAQ+P1g2A4mhQkPlyCOg+NrFmovY++DryN5rCUOpAQklsBukMAlzzicAjr2wUQQDWQYYDwBWrjAE +EwkBdPuDleyXgkOHfDGl9XAjqdgOEV8t970yHwIsFfIsnU4y8FBAED4O9K383ku4LXB9FqfWKJL w6pHycARJcoEAkDLAsAnx0OAxR8RAJN/d3edg+nYFkMa4OF8HGDmIAtwKuJvaozwtQMGLsazG1Ig V8DXuxwn2JBXs9EBBBMgHZtI6GC8CvZeL63o6y39s8ZUqYPCHFeyDBwRc4oNWQaEv1JTIILCJV9H 2PgyS8fMgsXK13kjWETwCRbwwiRSpQro/BUzac4D4sr0kNKslIAcG+aTju31UVgvga9IJ3AC6HyT UEZgs0IOPAzMGqWTYxyPasa0RgIMkdohvhAIC1KLQcDWOL32MSmQ7c0CQO4DfYGh9LwrNGae1+Ju sGbYnQ0JwNEU4rDBZlZeDOwx2FoU37tohkO+3oKRwm02Arj98nxwj2N4z55MiRV0QKUUs6bwtVXI E77bmVoKVmVhNYBTKQmJMjfE4/OCsvkEPgIHWOUnw42D4uusPwxCChK4ytcxEhqdQynywyR6qIPR sSuAk3sAcPFwJQOKTjDBdlCAU0E0VwqI3wMw/zLQxCBwFV+jAgakeCDg1wcSsZk4HASKiilNPwcI pw/hCQxSFPEqIXAVqM7Bsesq4Ia5AH8d18fcQLcHHEgEAtKoAQKXh8D1sWaDFOCKr3UQEYUThJWr gKmv4Fji8asBGwLHnoyp/FgYzgL4TNsA2ym4FnAGYn0MBUHfqtUzLZjJA7Gh8qMLgUuTr3FcDrQK Rh6kK19vGkFqAs4vKUMxySjAxivakvQA3RIgYvaAFs7BrBFgUu7pBFUGDjrKAQjmQuAwFMCZCKmo dwIDML53EgnNWHl5Hbyegre6VzDUsarlYCivg1XblgsWMFOh9xX6QMQFCHYOfkNdinAKjvXdb2eU Bz+GHIMITqS2HJgcFyJAjOz1NO0EfC2BP/DkS07IaRYBlh2OJQEGZGADAylkKhw2GEWw3ylXjhQ4 JWeRh2j8UAlrVwKJzxugTAAQOIJ8rbWw9QUZ4RtnVx4EQOD6/OMKXsRHJtlia/yVmmk44qRsI24E oYJmIp1QGv0VqmkIHFDgxoAE57GY/EjAiVcuiiBwYf+yfwtKRu8AxoC38gomCJx7Xs9OgQC+4Y+k Jpb9FeplCBwnsMHyEraCHk4Vfg177wxBrlRsssRBnrcgCRk0BovUv1wgFX5lshnI15qAlyct4Cym a93vmdg5RXD352OzMhEsjlxW+kRgFrHBWb7dVGPERdwo7KJh0nZZAv+MzsgpZ3IR+KL0eosPp7Lo JOWDLIJHC3aGUFpOMjVDUaTb4Vtp2AVV7SE+LCBRXErvUGQA1psKi4FKkMlYQCS8WqmSV8Evjzpc jFMVlQJOMlw5C0ThaUNiUgYZToUhZLLJSsPrPpipL5wiAFrcJrhnKrwg+nKZDAa/t5OwNMsMuVmZ hJuSXUoUXxNkZRYsk1HB17CSEklD8BcRMM0UFYTaCCCSpNF+u6m3AW+3hNtUfg+4Ngm23cX2gGu3 hNtUfg+4Ngm23cX2gGu3hNtU/kkFDsUyAOhqR0ltk0g7U+xJBQ44uRkQWEh3RopHUMuJBW5owR/d NgIx3G2jIMnzWUDYml85Agm3qcoTCxyY5CrnJYTfYOs3q/vNSL+OzTWcoMADJxc4jpLLACKuWV1Y SDBCNu5UwdB+RVSbhhdNsScXOGCFh5purp8XQARjbN72wAQ8ATw5dIKBY0Dg7Ny81Kxgj0Ws3C0/ PDI4OXSCgcsYoFHDzPy8ISOY9+EGU+xEXd10goE7OaOLriU94I4pvv8dRFGXQFvwKxUAAAAASUVO RK5CYIJ= ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0044_image014.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlh3gClAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAIAAADb AKQAhwAAAAAAAAAAMwAAZgAAmQAAzAAA/wAzAAAzMwAzZgAzmQAzzAAz/wBmAABmMwBmZgBmmQBm zABm/wCZAACZMwCZZgCZmQCZzACZ/wDMAADMMwDMZgDMmQDMzADM/wD/AAD/MwD/ZgD/mQD/zAD/ /zMAADMAMzMAZjMAmTMAzDMA/zMzADMzMzMzZjMzmTMzzDMz/zNmADNmMzNmZjNmmTNmzDNm/zOZ ADOZMzOZZjOZmTOZzDOZ/zPMADPMMzPMZjPMmTPMzDPM/zP/ADP/MzP/ZjP/mTP/zDP//2YAAGYA M2YAZmYAmWYAzGYA/2YzAGYzM2YzZmYzmWYzzGYz/2ZmAGZmM2ZmZmZmmWZmzGZm/2aZAGaZM2aZ ZmaZmWaZzGaZ/2bMAGbMM2bMZmbMmWbMzGbM/2b/AGb/M2b/Zmb/mWb/zGb//5kAAJkAM5kAZpkA mZkAzJkA/5kzAJkzM5kzZpkzmZkzzJkz/5lmAJlmM5lmZplmmZlmzJlm/5mZAJmZM5mZZpmZmZmZ zJmZ/5nMAJnMM5nMZpnMmZnMzJnM/5n/AJn/M5n/Zpn/mZn/zJn//8wAAMwAM8wAZswAmcwAzMwA /8wzAMwzM8wzZswzmcwzzMwz/8xmAMxmM8xmZsxmmcxmzMxm/8yZAMyZM8yZZsyZmcyZzMyZ/8zM AMzMM8zMZszMmczMzMzM/8z/AMz/M8z/Zsz/mcz/zMz///8AAP8AM/8AZv8Amf8AzP8A//8zAP8z M/8zZv8zmf8zzP8z//9mAP9mM/9mZv9mmf9mzP9m//+ZAP+ZM/+ZZv+Zmf+ZzP+Z///MAP/MM//M Zv/Mmf/MzP/M////AP//M///Zv//mf//zP///wECAwECAwECAwECAwECAwECAwECAwECAwECAwEC AwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwEC AwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwj/AAEIHEiwoMGDCBMqXMiwocOHECNKnEgx YqtWgjBiq8ixo8ePIEOKlCioZEmBF1OqzKjyIsuWMGPKjPly5UybN2/WTLkzp0+aQH8KHXozIcZW AAQNxKa0IFKDTxVeNNiU4EmnB6MO1GoUatWtX1FSDCuQLEaoXEdGvNI1Y1mBGxmmRTg3a8O6VPES 1LuUr9i7d02pHWyXsOHDiBli85u4sePHkO8yjpyUsuXLhBdjVkg2odvNoEMDmKxZdFa90U4N7LzX 9OOMsM+Ojt30KGyUSm/Pto2U6eTLcQ0uAxBtY0mZpo5OdY246dXnzqOXlZ7UualoyS/6fg1SdVne sXeH/2du+PdphalXwzXfkfVB9wKH78YYG+lx2+Tzj064zLv+riAF9x9zAhJ0CnYDJqjgYMsVJB95 7slW4EJTLWfhgq7NJY1g+bFGn0lJ4UXLiCjxxJJJ9GFY0WcVpWXKg1KxNNpZV6XU2EVXuLQbQolg o8iMtPGWHFsqTqTckS8lydORNiWypEsqhbiSUsptdyOV8EFVIlLLyVhkZA0KlN5DTyW5WEwhuVfa l2yeJ5ApE/6XpVVttikgjHUCiJBuIQbJYp6HCcjeXms+FCdlVGoGZZ9HAepRmFs91cop/pHEJUw7 ljjjoHR+9Jlb4GnEqaNWyUYjjafUpipurM7GKku+tf9ypltMbdToig/96RCkpDqkJJf3TZWkKYI5 SVSUM7Zq6laR3vjbqL0qu6qrtwliyrSmYjttrXWa8olgH0r6XZmSlouScbz2utwy0YAULLQkgUQH JnvsVR+j1YJ3LXjRYiUmRIKZIk1WoMIb0ZzqJeQthzIeVx2KLr3bKH3pAiprfBC1uwyebPKFDS1o cVUhQXF5SWO/cL3ZLkPLXLcrRYcafCHKj81l4coMKZOrrMheyuSm+21q40IRwgrRU3HK1hpJHJJs WrpTwblQyxKdBaUgTCUVq6hHZhfroZ16ZVJuFQct5ZPTPRlxdeKliC+USoN2HGyCXHFFRqak+mEi KAr/ckpyfoY6XlQ26mr2zMm2iF/iB52CDYfgOUy34PvmdlLfkdMNksF/3q2rZgdyWOh6Bo2O9bRC U0kjNmeO3hHYaElTWuFP3W0b3arXNp1Yt1Ncmbvkfid8iMK7bffYuxM7KQCJJLI729BDt3tLWI/L pNXalU3VZoRLxRDCFmkrrbSt2H33jsuI7+r62baa9Y6z14b0VIq67lmuNCsGEgueC9JuNMsYWP7I JBVssGI+ADhTQWBHs7vZLYFNG+DmZgEACt5uNnMT1gDXdLyr3GhCF/MX48YSkThhYxaK6pPWaEO8 /Ommg+1jn/piSEMl2VA5jIIW+FqIEAr+pUFcWh/N/wrXP3MlzkJGRKKmjpi27JwEJrkbGmK0J8Gq AYAFdfMgZmY3P7MlyGZVHIj56sbAg7isTTukkDQuVZ9T3auBx2sIggIoMOLAy359gUtTShMcPL4H fwmRxikEiDv8TM5goonKFfbgsIP8bxnYAKBa6nOmY/HOcBZJoO6MEr+30caPRdLMIklRCqw9RXmh iwbPFsPHlLQye+uBZQKvZqJfPalW9kHWitxSFUSW8UsluZspAqGHPWRHbT05llBa9RnEhbBLv1Ed VXL0Oy9BxIQH+aVrNnKFQQxicTUcnwzFGcPtmAqRRKsONVejG0wO5IDjGo0qpWg1RaHzMSNKhBda Qf+LRNDCFUKzEZoGiimCuhKKUjxM3eKGloSUohqlwA2SBBeuNIJGET7q5yAE4QrnjfOj4QQpts7l M4Vo01cWNQgrnjHLiJGNkhcB3OIwNAgSwVM0n9JMM8nFM/lNJDe2E8n7hrpHn4Zmh3fzKHOuB7et cYmVpvypOvWSUjQKxXbKzKoygQYkILppRZ6Tyj0HlCX7uDM0IHuf1i62kZMeTIsIYV0YF0LBWQiC D3w4BTSH96ngtbCvfPUrYKvjyrMdaSRAHesAZ4EIRHDhOIM0YitJN0vKTraymL1s/C7FrKaKBKhw LchZ59qKxnahsaxQLGRA6ZEs6oWK+ZtFK1xRhzr/QOEQiJDtXDsS1t1G5BCJcMUn6LCH3LLCh749 WFIcqFo7IYIVjUVEIq5wreRyJDdeXEx4qvqlViSisbjFbReUat3B6Iah+csnbhu7zvK2p5F8TZgE aYGN76b2fO69LmGdIq7kJmIWB8RvfnGFIs409z/tHfCKcGiUA29TIAlWsOIkLJDnyjbCFFZuaMuL CFk8F8MZhojlBPweB4MmtYgIBCJC/BHmNliCz+3CNVjc2v66txVdMLF1LVfdG8+iC7qlMYHhW+L8 IeK0yBVyi3pLFx1HRilXAHCS1TUr1orkge7NYmOTyeWgUM/LOPkyQsdMWKYEqznL/RNvUBYXIg0w /1uiQnOB7XUqUk0lRz1ryZaGhqmAlivPgOaznv2sKa3I9S9LcxeT95Mi9LKpJFHgA3WkF71JW/p5 lM70pSstUSVlp5pwu+ecf+hkyASi1JuB1buAtqTRNsQkJK5ilI8bxvdJKIlGxdWiiwwovyFaycBz dLPqVD5VqtKtwP4ekVEWDbesUYDJbu1oQKyuVggy2oh9GHxc3aE9VArbn921CFV0CjeDe5J1y59e zz3J5f6uV9Z6HLuzHcw94IXbOLX3vAkz068OqMf7Ni+WV6NLBd0V2gFP07TDsuYldugKqSHkgCVE pcZY7k9jIxtZO5NMrXr84yBP1XiaI+5lyYnjqP9eqqwwh2pB1CtPG06ggpHtLlI1O+FyBpFnUp4r aeAM54bJInxgC5mSjAnoQY/5Ak2jdKTX/Hh8CaHcnJ6YjFOV6Xz4OdXN228tHVUQPtf61vm9oCsI 8Ntjr7nQE+TytDdnbGDkIaL8x3O372VRRFdLqiB+ILvPHbtcfYy8l+L3dtNl5DRvzyDRXniFU+gt kRl440NT93dPfsCxvrzhIcQHhGt+899D9d18XvnP+1stqWkK400PHMJEQ5XcZT0gj0qpxMt+9t9T aOxvrxYHN533KPs98KV9+JSZd/fD99XOG6Za4Sef362w9xPx/WrkP78jyrE+VbR/fc4kxMo/zbr/ 2Lv/WdxfN+urJz+YWst99buG+u7HVWMyH3/QEw1a1K6/ZfIeZAAwUv9t0gp1RXAAiGYf0QrXICsr hhT0V4DZpnwJUVfXIFsUBH8OmBivxUHuMWUXyHW/hhAzFjZOAX4dmHtNFkQPcT7XVhAJyIElGC/Z RDGW4xdEciCtMH4vCH3nxRdaNEg5SB5x4UNhwTE/SHwUsWIJJGlFWHXmV0EV2H5LeIDZ1AWBEIUY AoVWuCdHsxgJiA1KmIUG+GpIEYLOB4Y1wyWzoGJmSFalV4QWRYJraITfsxjS4HkcYXtx9TIDok1t OBYasSmOY4JyoYePJxmAIReMMRmKqCKy0RTS/yAje5UsjYQ2QHJET+RXkVghO8VVoVYi0nREmBiK nHhYO4JEnAU9mZhEqrhESgSKrGhEBGMfq0Ek6eZutliLuEiLulgWu3iLvZiLvBiMviiMwDiMxliM yPiLykiMy3iMzZiMzCiMcegoZWJ5CRNE6BUVtqaFQcMVm6RJXqcVdfGNouVwZlFUrZJo29gs59SH B3M11nIrBBcsfEItGUde9mhW3igszAcWxAMiX/EcSyJaoFISglE9YpFBEEMnvqNzuDE3EIkhvHE+ DFVIT0QQ5yN0l2MvDwMAniMywdSIZpEjt2FuNLJQ9Zg21lIwzHIi4Ch1+xFMwfgV5dNpHrkgJmXS J2bhUh8iWhW1bBGDEdeiRa2mOaVidbriUshjFbSxlAT3ISOnkgDJItU1lRbIHJ0xF2SRNNw4iL0n Yl7RUPzlddszjWZ5luw2amgJGrazUA6EhWv5ajnSPw4Ul5RBH29Zi0oWEAA7 ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0046.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0046.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Insured pension contracts"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"234"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>11</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s239618" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s239618" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Insured pen= sion contracts</span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 39619" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s239619" class=3DB> <div id=3D"_x0000_s239619_0_33" style=3D'mso-line-spacing:"90 20 0";positi= on:absolute; top:35.0%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.nylim.com/gp/0,2058,1000_1018240,00.html"/><a href=3D"http://www.nylim.com/gp/0,2058,1000_1018240,00.html" target=3D"_bl= ank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= Single premium annuity contracts</a></span><span lang=3DEN-US style=3D'font-famil= y:SimSun; mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fareast-lan= guage: ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s239619_33_56" style=3D'mso-line-spacing:"90 20 0";posit= ion: absolute;top:41.75%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap= '><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Level premium annuity </span></span></div> <div id=3D"_x0000_s239619_56_88" style=3D'mso-line-spacing:"90 20 0";posit= ion: absolute;top:48.75%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap= '><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Single premium deferred annuity </span></span></div> <div id=3D"_x0000_s239619_88_121" style=3D'mso-line-spacing:"90 20 0";posi= tion: absolute;top:55.5%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap'= ><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.g= lossary&f=3DD"/><a href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.gl= ossary&f=3DD" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Deposit administration contracts</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-= family: Arial;mso-fareast-language:ZH-CN;display:none'> </span></span></div> <div id=3D"_x0000_s239619_121_170" style=3D'mso-line-spacing:"90 20 0";pos= ition: absolute;top:62.25%;left:10.11%;width:92.69%;height:11.5%;white-space:nowr= ap'><span style=3D'position:absolute;top:0%;left:4.04%;width:95.75%;height:52.17%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.21%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.g= lossary&f=3DI"/><a href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.gl= ossary&f=3DI" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Immediate participation guarantee contract </a></span></span><sp= an style=3D'position:absolute;top:50.0%;left:4.04%;width:84.64%;height:52.17%= '><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.g= lossary&f=3DI"/><a href=3D"http://www.eridlc.com/resources/index.cfm?fuseaction=3Dresource.gl= ossary&f=3DI" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;">(IPG)</a><= /span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN;display:none'> = </span></span></div> <div id=3D"_x0000_s239619_170_202" style=3D'mso-line-spacing:"90 20 0";pos= ition: absolute;top:74.75%;left:10.11%;width:82.2%;height:6.0%;white-space:nowrap= '><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%;height:100.0%'><= span style=3D'mso-special-format:bullet;position:absolute;left:-4.77%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'>Special investment arrangements </span></span></div> <div id=3D"_x0000_s239619_202_239" style=3D'mso-line-spacing:"90 20 0";pos= ition: absolute;top:81.75%;left:10.11%;width:83.14%;height:6.0%;white-space:nowra= p'><span style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s= pan style=3D'mso-special-format:bullet;position:absolute;left:-4.71%;top:.3em; font-family:Wingdings;font-size:75%'>l</span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/20050= 224113409_117kb_NYLGICProfile.pdf"/><a href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/200502= 24113409_117kb_NYLGICProfile.pdf" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>Guaranteed investment contract</a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;mso-fa= reast-language: ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/20040= 325152718_115kb_NYLGICProfile.pdf"/><a href=3D"http://www.nylim.com/New_York_Life/Content/PASS/Files/Other/200403= 25152718_115kb_NYLGICProfile.pdf" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'><span style=3D'mso-spacerun:yes'> </span></a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>(</span><span lang=3DEN-US style=3D'mso-fareas= t-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'><p:onmousec= lick hyperlinktype=3D"url" href=3D"http://www.nylim.com/gp/0,2058,1000_1018239= ,00.html"/><a href=3D"http://www.nylim.com/gp/0,2058,1000_1018239,00.html" target=3D"_bl= ank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= GIC</a></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>)</span></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_0_33" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_0_33" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_0_33" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_33_56" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_33_56" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_33_56" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_56_88" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_56_88" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_56_88" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_88_121" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_88_121" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_88_121" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_121_170" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_121_170" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_121_170" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode32" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode33" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode34" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode35" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_170_202" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode36" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_170_202" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode37" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_170_202" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode38" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode39" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode40" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode41" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s239619_202_239" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode42" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_202_239" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode43" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s239619_202_239" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s239619" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Single premiu= m annuity</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>The employer det= ermines the benefit that will be payable to each of its employees and makes a single payment to an insurance company to guarantee that the benefits will be pa= id as they become due.<span style=3D'mso-spacerun:yes'> </span>This ar= rangement is used for a group of employees who have retired.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Single Premiu= m Annuity</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>This is an annui= ty, which is purchased with a single, one time payment / premium. May also be known as= an immediate or a deferred annuity.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Single-Premiu= m Deferred Annuity (SPDA)</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>This is an annui= ty, which is purchased with a single, one time payment / premium. May also be known as= an immediate or a deferred annuity.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Level premium= annuity</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>In this arrangem= ent the employer estimates the pension that will be payable when each employee reaches retirement age and the insurance company is asked to quote a level premium that is guaranteed to provide the estimated pension.<span style=3D'mso-spacerun:yes'> </span>The insurance company guarantees= to pay the indicated amount of benefit if the indicated premium is paid each year until the employee retires.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Single premiu= m deferred annuities</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>Under group defe= rred annuity contracts employer contributions are used to purchase single premium defe= rred annuities for employees based on the amount of annuity benefits accrued by the participant each year.<span style=3D'mso-spacerun:yes'> </span>= The employee’s pension is separated into pieces that are associated with years of employment.<span style=3D'mso-spacerun:yes'> </span>If the employee is entitled to an annual pension of 2% of salary then the employ= er then purchases a single premium unit of deferred annuity which becomes payable when the employee reaches normal retirement age.<span style=3D'mso-spacerun:yes'> </span>The employee’s pension is = the sum of the units purchased.<span style=3D'mso-spacerun:yes'> </span= >Once the annuity is purchased, the insurance company assumes all the risks and provides all the services.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Deposit admin= istration contracts</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>One of the probl= ems with single premium deferred annuities is employee turnover.<span style=3D'mso-spacerun:yes'> </span>The deposit administration contr= act separates employees into those who have retired and those who are still active.<span style=3D'mso-spacerun:yes'> </span>The insurance compa= ny assumes all risks for the retired group.<span style=3D'mso-spacerun:yes'>= </span>The insurance company provides no direct guarantees for the other group except that pensions will be provided to the extent that funds are available; the insurer administers the fund while the employer estimates = the amount of money that should be set aside each year to make reasonably cer= tain that sufficient funds will be available to purchase annuities for employe= es as they retire.<span style=3D'mso-spacerun:yes'> </span>These monies constitute the fund administer by the insurer.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Special inves= tment arrangements</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Separate acco= unts</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>These are often = used for variable annuity benefits.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Guaranteed in= vestment contracts</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>In this contract= the insurer accepts a specific amount of money and agrees to return that principal at= a fixed date, i.e., 1-15 years, and to pay quarterly interest payments at a fixed rate.<span style=3D'mso-spacerun:yes'> </span>The bullet GIC = is well suited to defined benefit plans because it fits the timing of the quarter= ly contributions to the plan.<span style=3D'mso-spacerun:yes'> </span>= The window GIC is designed for the defined contribution plan.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>http://www.eridl= c.com/resources/index.cfm?fuseaction=3Dresource.glossary&f=3DI</font><b= r> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Immediate Par= ticipation Guarantee Contract (IPG)</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>A group insuranc= e contract under which the employer's unallocated account is credited with its share= of actual investment income for the year. There is generally no guarantee of principal or a minimum rate of interest. Annuity payments are charged dir= ectly against the account as they are paid.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Deposit Admin= istration Contract</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>A method of fund= ing a pension plan in which the sponsor of the plan places the insurance compan= y's assets in a general account. Upon the resignation of a participant, the insurer retrieves enough funds from the general account to pay the plan participant an annuity. This contract typically protects the sponsor of t= he plan against loss and guarantees minimum returns. May be compared with IMMEDIATE PARTICIPATION GUARANTEE (IPG) CONTRACT</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3><b>Guaranteed In= vestment Contract</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D3>A deposit arrang= ement entered into with an insurance company, which guarantees both the princip= al and interest repayments. It is a type of annuity contract, not a marketab= le security. The amount deposited can be a single sum or a stream of monies deposited over a specified and limited period of time. Similarly, the dep= osit plus the guaranteed interest paid thereon can be repaid in a single sum or installments. Expenses related to the contract arrangement can be charged against the guaranteed interest payments or paid separately by the contra= ct holder.</font><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0045.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0045.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Other plans"> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"233"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>12</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"_x0000_s238594" type= =3D"#_x0000_m1031" style=3D'position:absolute;left:60pt;top:60pt;width:624pt;height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"_x0000_s238594" class=3DT style=3D'position:absolute;top:1= 8.75%; left:10.11%;width:83.33%;height:7.75%'><span lang=3DEN-US style=3D'mso-far= east-font-family: SimSun;mso-hansi-font-family:Arial;mso-fareast-language:ZH-CN'>Other plans= </span></div> <p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"_x0000_s2= 38595" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:186pt;wid= th:605.75pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"body" position=3D"1"/><p:animation number=3D"2" de= lay=3D"0" type=3D"text" level=3D"1" effect=3D"fly" direction=3D"down"/></v:shape> <div v:shape=3D"_x0000_s238595"> <div id=3D"_x0000_s238595_0_20" class=3DB style=3D'mso-line-spacing:"80 20= 0"; position:absolute;top:34.75%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Profit </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hans= i-font-family: Arial;font-size:71%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.equitable.com/retirement/emp_bus_profitsharing.html"/>= <a href=3D"http://www.equitable.com/retirement/emp_bus_profitsharing.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>sharing</a></span><span lang=3DEN-US style=3D'mso-fareast-font-f= amily: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'><span style=3D'mso-spacerun:yes'> </span>plan </span></span></div> <div id=3D"_x0000_s238595_20_37" class=3DB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:39.0%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Stock </span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hans= i-font-family: Arial;font-size:71%;mso-fareast-language:ZH-CN'>bonus</span><span lang=3DE= N-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 71%;mso-fareast-language:ZH-CN'> plan </span></span></div> <div id=3D"_x0000_s238595_37_74" class=3DB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:43.5%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Employee stock ownership plan (</span><span lang=3DEN-US style=3D'mso-fareast-font-= family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.ebrworld.com/newsletter/archive/fall2000/stockbonuspla= ns.html"/><a href=3D"http://www.ebrworld.com/newsletter/archive/fall2000/stockbonusplan= s.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>ESOP</a></span><span lang=3DEN-US style=3D'mso-fareast-font-fami= ly:SimSun; mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-CN'>)= 3;</span></span></div> <div id=3D"_x0000_s238595_74_96" class=3DB style=3D'mso-line-spacing:"80 2= 0 0"; position:absolute;top:48.0%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Employee savings plan </span></span></div> <div id=3D"_x0000_s238595_96_109" class=3DB style=3D'mso-line-spacing:"80 = 20 0"; position:absolute;top:52.5%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Thrift plans </span></span></div> <div id=3D"_x0000_s238595_109_121" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:56.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Thrift plan </span></span></= div> <div id=3D"_x0000_s238595_121_128" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:60.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://www.equitable.com/retirement/emp_bus_401k.html"/><a href=3D"http://www.equitable.com/retirement/emp_bus_401k.html" target=3D"_= blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= 401(k)</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-fareast-language:ZH-CN; display:none'> </span></span></div> <div id=3D"_x0000_s238595_128_168" class=3DB style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:65.0%;left:10.11%;width:82.2%;height:4.5%;white-spac= e: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Simplified employee pension plans (</span><span lang=3DEN-US style=3D'mso-fareast-fon= t-family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'><p:onmouseclick hyperlinktype=3D"url" href=3D"http://www.equitable.com/retirement/emp_bus_simplified.html"/><a href=3D"http://www.equitable.com/retirement/emp_bus_simplified.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>SEP</a></span><span lang=3DEN-US style=3D'mso-fareast-font-famil= y:SimSun; mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-CN'>)= 3;</span></span></div> <div id=3D"_x0000_s238595_168_196" class=3DB style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:69.25%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Tax-shelter annuities (TSA) </span></span></div> <div id=3D"_x0000_s238595_196_203" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:73.75%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://www.equitable.com/retirement/emp_edu.html"/><a href=3D"http://www.equitable.com/retirement/emp_edu.html" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'position:relative'>= 403(b)</a></span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-fareast-language:ZH-CN; display:none'> </span></span></div> <div id=3D"_x0000_s238595_203_231" class=3DB style=3D'mso-line-spacing:"80= 20 0"; position:absolute;top:77.75%;left:10.11%;width:82.2%;height:4.5%;white-spa= ce: nowrap'><span style=3D'position:absolute;top:0%;left:4.55%;width:95.44%; height:100.0%'><span style=3D'font-size:71%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.77%;top:.3em;font-family:Wingdings; font-size:75%'>l</span></span><span lang=3DEN-US style=3D'mso-fareast-font= -family: SimSun;mso-hansi-font-family:Arial;font-size:71%;mso-fareast-language:ZH-C= N'>Self-employed pension plans </span></span></div> <div id=3D"_x0000_s238595_231_267" class=3DB1 style=3D'mso-line-spacing:"8= 0 20 0"; position:absolute;top:82.25%;left:15.16%;width:77.34%;height:4.0%;white-sp= ace: nowrap'><span style=3D'position:absolute;top:0%;left:4.11%;width:95.88%; height:100.0%'><span style=3D'font-size:75%'><span style=3D'mso-special-fo= rmat: bullet;position:absolute;left:-4.29%;top:.3em;font-size:75%'>–</span= ></span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'>Individual retirement account (<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:75%;mso-fareast-language:ZH-CN'><p:onmouseclick hyperlinktype=3D= "url" href=3D"http://lincoln.lfg.com/f_main.htm?/retire/understand_options/ira.= htm"/><a href=3D"http://lincoln.lfg.com/f_main.htm?/retire/understand_options/ira.h= tm" target=3D"_blank" onclick=3D"window.event.cancelBubble=3Dtrue;" style=3D'p= osition: relative'>IRA</a></span><span lang=3DEN-US style=3D'mso-fareast-font-famil= y:SimSun; mso-hansi-font-family:Arial;font-size:75%;mso-fareast-language:ZH-CN'>)</s= pan></span></div> </div> </p:slide></div> <p:animation number=3D"314860587"/><oa:par id=3D"TimeNode0" dur=3D"indefini= te" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_2" o:presetClass=3D"entrance" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_0_20" attributeName=3D"style.visibili= ty" to=3D"visible"/> <oa:animate id=3D"TimeNode6" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_0_20" additive=3D"base" attributeName= =3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode7" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_0_20" additive=3D"base" attributeName= =3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode8" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode9" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode10" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode11" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_20_37" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode12" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_20_37" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode13" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_20_37" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode14" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode15" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode16" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode17" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_37_74" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode18" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_37_74" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode19" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_37_74" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode20" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode21" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode22" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode23" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_74_96" attributeName=3D"style.visibil= ity" to=3D"visible"/> <oa:animate id=3D"TimeNode24" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_74_96" additive=3D"base" attributeNam= e=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode25" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_74_96" additive=3D"base" attributeNam= e=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode26" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode27" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode28" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode29" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_96_109" attributeName=3D"style.visibi= lity" to=3D"visible"/> <oa:animate id=3D"TimeNode30" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_96_109" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode31" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_96_109" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode32" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode33" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_109_121" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode34" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_109_121" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode35" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_109_121" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode36" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode37" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_121_128" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode38" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_121_128" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode39" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_121_128" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode40" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode41" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode42" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode43" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_128_168" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode44" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_128_168" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode45" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_128_168" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode46" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode47" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode48" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode49" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_168_196" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode50" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_168_196" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode51" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_168_196" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode52" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode53" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_196_203" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode54" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_196_203" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode55" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_196_203" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> <oa:par id=3D"TimeNode56" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode57" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode58" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode59" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_203_231" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode60" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_203_231" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode61" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_203_231" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> <oa:par id=3D"TimeNode62" o:presetID=3D"ppt_2" o:presetClass=3D"entranc= e" o:presetSubType=3D"0x4" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"withEffect"> <oa:set id=3D"TimeNode63" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"_x0000_s238595_231_267" attributeName=3D"style.visib= ility" to=3D"visible"/> <oa:animate id=3D"TimeNode64" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_231_267" additive=3D"base" attributeName=3D"ppt_x" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"#ppt_x;#ppt_x"/> <oa:animate id=3D"TimeNode65" dur=3D"0.5" fill=3D"hold" targetElement=3D"_x0000_s238595_231_267" additive=3D"base" attributeName=3D"ppt_y" calcmode=3D"linear" valueType=3D"number" keyTimes=3D"0.0;1.0" values=3D"1+#ppt_h/2;#ppt_y"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildParagraph targetElement=3D"_x0000_s238595" groupID=3D"0" build=3D"byParagraph" buildLevel=3D"1" reverse=3D"false" buildAdvance=3D"o= nclick" userSetAnimBgd=3D"false"/> <![endif]> <![if !ppt]> <div id=3DNotesObj style=3D'display:none'> <table style=3D'color:white' border=3D0 width=3D"100%"> <tr> <td width=3D5 nowrap></td> <td width=3D"100%"></td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Profit-sharin= g plans</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is a type o= f defined contribution plan in which the employer contributes a portion of the firm’s profits.<span style=3D'mso-spacerun:yes'> </span>It was designed to motivate employees to improve productivity.<span style=3D'mso-spacerun:yes'> </span>They can also avoid the cash flow problems that a qualified defined benefit pension plan creates.<span style=3D'mso-spacerun:yes'> </span>The plan may be combined with a = money purchase pension plan.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Stock bonus p= lan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This plan is sim= ilar to the profit sharing except the bonus is paid in stock.<span style=3D'mso-spacerun:yes'> </span>These plans give the employees an ownership stake in the corporation and may be used by closely held corporations to make a market in the stock.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Employee Stoc= k Ownership Plan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is a defined contribution plan.<span style=3D'mso-spacerun:yes'> </span>It is a = stock bonus plan with the added feature that the plan can be used as a means of raising funds on a fax favored basis.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Employee Savi= ngs Plan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is a supple= ment to other existing plans such as a profit sharing plan.<span style=3D'mso-spacerun:yes'> </span>It does permit withdrawals and so provides liquidity for the employee.<span style=3D'mso-spacerun:yes'>&nbs= p; </span>The thrift and 401(k) plans are both employee savings plans.</font= ><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Thrift Plan</= b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>The thrift plan = is a contributory profit sharing plan designed to encourage employees to save = from after tax income.<span style=3D'mso-spacerun:yes'> </span>The inves= tment earnings are tax free until distribution.<span style=3D'mso-spacerun:yes'> </span>These plans may include partial matching by employers, e.g., 50 cents on the dollar.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>401(k) Plan</= b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>the 401(k) is an= employee savings plan that allows contributions to be made on a pretax basis and allows partial employer matching, e.g., 25 cents on the dollar.<span style=3D'mso-spacerun:yes'> </span>See the web for the changing max= imum salary deductions.<span style=3D'mso-spacerun:yes'> </span>Some emp= loyers allow individuals to make investment choices for their 401(k) money.</fon= t><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1><b>Simplified Em= ployee Pension Plan</b></font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><font face=3DArial size=3D1>This is an expan= ded version of the employer sponsored IRA.<span style=3D'mso-spacerun:yes'> </span>The deduction limits are higher than the IRA.</font><br> </td> </tr> <tr> <td colspan=3D1></td> <td align=3Dleft colspan=3D1><br> </td> </tr> </table> </div> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0052.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <link rel=3DOLE-Object-Data href=3Doledata.mso>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0052.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: Longevity risk is the risk of outliving your accumulat= ed wealth."> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"265"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>13</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"TPQuestion" o:spid=3D"= _x0000_s271362" type=3D"#_x0000_m1031" style=3D'position:absolute;left:54pt;top:60pt;widt= h:624pt; height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"TPQuestion" class=3DT><span style=3D'position:absolute;top= :13.25%; left:9.36%;width:92.69%;height:6.75%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>Longevity risk is the risk of outliving </span></span><span style=3D'position:absolu= te; top:19.5%;left:9.36%;width:83.33%;height:6.75%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 89%;mso-fareast-language:ZH-CN'>your accumulated wealth.</span></span></di= v> <v:shape id=3D"TPChart" o:spid=3D"_x0000_s271364" type=3D"#_x0000_t75" sty= le=3D'position:absolute; left:355pt;top:186pt;width:5in;height:349pt;visibility:visible' o:bwpure= =3D"highContrast" o:bwnormal=3D"blackTextAndLines"> <v:imagedata src=3D"slide0052_image015.emz" o:title=3D""/> <p:animation number=3D"2" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/><p:tag name=3D"CHARTTYPE" type=3D"string" value= =3D"0"/></v:shape><o:OLEObject Type=3D"Embed" ProgID=3D"MSGraph.Chart.8" ShapeID=3D"TPChart" DrawAspect= =3D"Content" ObjectID=3D"731"> <p:oleclientdata subtype=3D"graph" menuname=3D"Chart" clipboardname=3D"Microsoft Graph Chart" followcolorscheme=3D"fullScheme"= /></o:OLEObject> <![if !vml]><img border=3D0 v:shapes=3D"TPChart" src=3D"slide0052_image016= .gif" style=3D'position:absolute;top:34.5%;left:49.25%;width:50.0%;height:64.75%= '><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"TPAnswers" o:spid=3D"_= x0000_s271363" type=3D"#_x0000_m1032" style=3D'position:absolute;left:66pt;top:198pt;wid= th:324pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <v:textbox style=3D'mso-fit-shape-to-text:f'/> <p:placeholder type=3D"body" position=3D"1"/><p:tag name=3D"OLDNUMANSWERS" type=3D"string" value=3D"2"/><p:tag name=3D"TEXTLENGTH" type=3D"string" = value=3D"11"/><p:tag name=3D"FONTSIZE" type=3D"string" value=3D"28"/><p:tag name=3D"BULLETTYP= E" type=3D"string" value=3D"ppBulletArabicPeriod"/><p:tag name=3D"ANSWERTEX= T" type=3D"string" value=3D"True False"/></v:shape> <div v:shape=3D"TPAnswers"> <div class=3DB1 style=3D'mso-margin-left-alt:576'></div> <div class=3DB2 style=3D'mso-margin-left-alt:816'></div> <div class=3DB3 style=3D'mso-margin-left-alt:1080'></div> <div class=3DB4 style=3D'mso-margin-left-alt:1368'></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:37.7= 5%; left:10.11%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>1.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>True </span></span></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:45.2= 5%; left:10.11%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>2.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>False</span></span></div> </div> </p:slide></div> <p:animation number=3D"1179746128"/><oa:par id=3D"TimeNode0" dur=3D"indefin= ite" restart=3D"never" p:nodeType=3D"timingRoot"> <oa:seq id=3D"TimeNode1" dur=3D"indefinite" prev=3D"document.onpptprev" next=3D"document.onpptnext" concurrent=3D"enabled" nextAction=3D"seek" p:nodeType=3D"mainSeq"> <oa:par id=3D"TimeNode2" begin=3D"indefinite" fill=3D"hold"> <oa:par id=3D"TimeNode3" begin=3D"0.0" fill=3D"hold"> <oa:par id=3D"TimeNode4" o:presetID=3D"ppt_1" o:presetClass=3D"entrance" o:presetSubType=3D"0x0" begin=3D"0.0" fill=3D"hold" o:groupID=3D"0" p:nodeType=3D"clickEffect"> <oa:set id=3D"TimeNode5" begin=3D"0.0" dur=3D"0.001" fill=3D"hold" targetElement=3D"TPChart" attributeName=3D"style.visibility" to=3D"vi= sible"/> </oa:par> </oa:par> </oa:par> </oa:seq> </oa:par> <![if ppt]> <oa:buildChart targetElement=3D"TPChart" groupID=3D"0" build=3D"allAtOnce"/> <![endif]> </body> </html> ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0052_image015.emz Content-Transfer-Encoding: base64 Content-Type: image/x-emz H4sIAAAAAAACC+Vab2xW5RU/9+0f2vKvvJLY61hpO5A7FPfGgSSTxNrFt1YQaCVO1y3ZDJAskwwh a5vYDyVZJCu1savIaFgX00EFoVFCKAkk1UaQkNIPzmUL84PJksVNPgyzZS7RdOf33HPe99zre1sq 6CS7yek9557nnt/z55znnOe+9YjoaaZ1TNVMFzyiT5j0Wl5D9M1lRDUPPZol8ujFgOgq6xdT9Ooo IbqjmOgfzJ+K6bqOFlHNWIrYAN3NxCaJzd3l1Xu0hPlKplTlG38G7I+E0PYHTJulbV19Mc0Te9X1 5Tl+GdtQPlOfcraKQ9QHauvn5HTF9ZTjs9KHNNOjjzW2UNl3mzweWxnTC51EVZRv6ws/NTXlxgx+ vrwLPsVUy1TGVJdvO1XoWYWMVS9tYzEsdo7/9nZq4dtODyvAc4yG5jqXyrF1D9Iu+gn92K3p5708 6ddKY1vXpYY+mVrqZo9W4E/w6zS9d4wyZwbSdPVAmra2uVfdGhS5N0/Trk8vZRYyhza4v3gwTWue LMkUN5+mKn6GMY5uKsmAR3vIPzxBTkabUvTncNpR1wg/l7kpRDSNrlBbHe9etgte+79c5t4zPK97 1634XH0HS/n+l+A7WOMtN+A7c5hKxFYVt6kW36k2vjPv+zP7DtrEfQd+WZFANI2uUNuZfCeVsCZf 1PNC+49tW3Cf4b2lOhYP7/OglqRuHdvFQu+x7apU6FxVuf2HAbq6yK5LkeEZq6vK2FcsvJO03z+O XCM5s9cLc+aYF/rsOuZ28NP9Xq93wRvzICsW67sC0wc7FjtGa38N0w6K2l/HT3fQdgIOZG2PdtuZ 9nthv0rcs14Pbfd7oF7XN9ufO/m+xMxVLvVzn5YX6qtZD5phLuwc6JzYebdz8UWP+WuSe9eJXZW1 v0l6yOeN7MXaQz4/jb0Lor8Z+/oc85wMP1MMWRsl5j2sgV+o3pBasErm9y028Fu+f+wl+2yhWLG5 p8jULeNeSLncU3lzcs87tbU/fWLbtfarW6+1l7v6qttDfw79IU1/zHzUPl/a+PSat6juo3bwf6mr +A/mA/cXWq+1o97Ader3afpOfUkmbEP0AdtAXoK+c/3jZypGKfP1Wq9n8u9p53MYNXjsPauevtb+ T37/b5ynOtafpp0f3E5/Yh1soU8f87Oad9O09J25mTNPnXa29cLzE0+Fz1978nY2xs8y/2r/cNfc zApZV+DA3uZ3w3uh3FMkORjz+TOmizzfg3z/t9SQv1r2ywdBzzD/V4mbDbH5nJLrCZe7t/AK/Zy2 yV6LHFgq9/KYrwUF9tn/hU9fb774KsZjUt/v8cJ43Mb0qZzD/l/jrtTE3aqEuLtyE+JulYm7KxJ3 V2aIu53IT14Yd1vlTG3j7l4WPvTCGJo+7rJudXZz5BWbeCuRPt3qsZeV+mNB7izesBkIHn22jmv7 Tdtn6jjFgM43/Ey1W5sXznsH31+R/a/DO+K1ea8wbWB+o5NXmH7j6jzcGelDsekDdL7hFWs3228S zFcFCzi7vVeZmgh4kBWrRLD2nNgTwSoxWND5hs/VQ2z/YcE8LljA2eEdZ3qYgAdZsUoFa++pvRGs UoMFnW94xdrO9hsF84TWXoyz3TvB1EjAg6xYcwTr+XPPR7DmGCzofMMrVqsX+gowRwQLOK3eCFOW gAdZscoEq/+t/ghWmcGCzje8YrUIVqvBAk6Loyy1OhrJYZUL1sGJgxGscoNlzxZop1hNgtVisIDT xGNp4jEBD7K2b5A5bzJzjrYNvKYNvLZ4B7Idb1CgP0ljv198tcH4Kmzf7x1lWk/AgDybtVvLdtaL 7aNiE/bWcnyt5TiDXciz8b3VbGej2D4iNmFvtTfE1EywC9nEaeS8EZj4DUx8BaYPgRljYOZTz0xl 05yZymJ7pN0XbZ7+nuz/GM+QF+5H8IN5Zj/S+FV/V//QddFxW1tZ2duaSW1tdPsM4h9xiXhpdb6V dT6DdcU6YN4wf3p+6ZD5vc/ImHfVa7/vM3KzfGNdLPMQ7usPbb6R7xzT5YkbzWep5HxW8NsD/NDW Y4tlXjbEzvRJtdkW+R6GuYKdZ/jeQNH6QHVF09QHW9xZOeP6nha64zrm9suap5nyftw/Cq8xxffv LhuL8f2+uq0tcb+Hzjf8TDXCZfn9YZLpd7LHTLK3X2bpMmsm2dMhx/Pb0mefTcxv0PmGV6wJCuMK mLqfAWeCpQnWAA9yPG/X7NmTmLeh8w2vWJcwv4I5LFjAucTSJdYAD3K8Hql77rnEegQ63/CKdVH8 F5haZwHnIksXWQM8yPE66xs9PYl1FnS+4RXrPIV5BpiaZ4BznqXzrAEe5HhduayvL7GuhM43vGKN U5gngal5EjjjLI2zBniQ4zXCnS+9lFgjQOcbXrHGBGvcYAFnzFETjTvK13T6fXrFoUMRrAqDBZ1v eMU6S2H9CEytH4FzlqWzrAHemMGaK1jByy9HsOYaLOh8wyvWKIW1DDC1lgHOKEujrAEe5BWxb1Mr jxyJYM0zeuh8wyvWScEaNVjAOemokUYd5evH+YJ11/HjEaz5Bgs63/CKNSL5Cpha0wFnhKUR1gDv pMFaIFh3v/56BGuBwYLON7xiDQvWiMECzrCjLI04yteqCwXrntHRCNZCgwWdb3jFGhKsYYMFnCFH WRp2lMfS3zq/de5cBKvSYEHnG16xBgVryGABZ9BRloYc5bEW6W/Ab74ZwVpksKDzDa9YA4I1aLCA M8BrNMBrBbxBg6VfDe59++0IVtpgQecbXrEOiB8OGD8EzgFHjTTgKO8bt2lpOTERwbot4WyBdorV L1gHDBZw+jmm+jm2gAdZ2/dJ7Peb2EfbPo73Po57vAPZjjco0J+ksffKPtZn9jHY7qVjTI8QMCDP Zu2QJR4R28fEJuz18N7bw3sw7EKeje/tkzzSY/II7O3j3LGPcwjsQp5N7HRLHtxn8iDsdXOe7eZ8 C7uQZxP73VIzdJuaIbR3mGkTwS7kQmegsoTzTWnCeag49m3JnikDk18Cs/8HZn8OzP4ZmDEGZg4D s0aB8YHA+JuevdLTnL3Sszh7dcr84QwzKfFfZeo8rYu0jtC8q3lK93XdB3Xf0DhT/1b/0fWx2Fmp MZtJsZtdvYc6DPUR6hbUE+Mu9za5vDjqckij29+HZT/EPjXgYrrRxSriCf4Pf4V/hf6wKXd2m6To 2U37oHr07bDRQ940w9nuxs5zFK+bb+o5JZ1wTkFM6TnlFzK2SZr9ea5bfjdDVoif51R3K5zn0jfp PGf3HdvXoECc4lw33W+waxLGO5sxXs/36aT/U/iqYZbL3Og7tTOcwz/3/6HF3sU6r5Y9Gf+Xt7Ke z0W5cXQ9gD8h5XmN9Up5J2X+F28B5f+XsFL4/wJsHkBslCgAAC== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0052_image016.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhDAEEAXcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALCMAEgDa AN4AhQAAAAseNwwbMAshPQctWAcuWwYvXgonSwgrVQkoTgkqUgsjQgolRwAzZgMxYwUwYCecnCaW liSRkSOMjCKGhiCBgS+8vC63tyyxsSusrCqmpiihoTPMzDLHxzDBwXylfICAgI28jYe0h4GtgZnM mZPEkwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwECAwEC AwECAwECAwECAwECAwECAwECAwECAwECAwb/QIBwSCwaj0hkY8kkBghLQkAYKCwLU+GgYUh6v+Bw ktkcPqNZQPWa3nbF8Lh8/t2SG0OBg+wQAB4NAQEND0OAaXSJinZkeXtMfUKHg4WSgYqYmZpCBw0I RwgNBEIGngBLQqgACQ0Jm69hnZ9GoaMApbOqqqyusL6/SKGAXANDpVmDXZOEaszAz0PCSwbFpJfN b8uFlNDdv1Z31aqpeGsNWABW1d7fdw3ieEOq5ujq7PeZVgdCoW/jp/GKdFKAr90+AP3IEflHZGDB h5p0BQRoRI8DNeDQQdwkceFERxfpIdpIUogVPwpvXUtmBMqCP4G4lYxzUl68Y1S4HHEJU5Cz/5kl odiqxU8nACizhiwQlZIhUC9Ciw41itTIUlsdn5IM8GhJJAB6+KAc4uCrNq1huIoVEhbSWLJmY/5E +9CcFCdQRI0MdRAjG7pg7CI6o5dWg74iAStezLix48eQI0ueTLmy5cuYM2vezNldGc50PIO+586C 6QsXMKjG4PkjaM8kSsiWHaK109FxmHDg0KGDBw+mLaBejSFDBg3IN2yA0CgzGRLQo0OfTTuEdesi sosY8Rl3mCW9d/P2Dfx06tXGkWtQDgFChAgSukdeMlu6feolrl/Xvn3EiA+ueaeEB+Ht1ttvwQ2H 3nHJLecefBJMQMFtizUQAnX2SYeffthp5//ffwAK+EUDFhDYgXgHlifceaql12B770kQIQUVBAjY EtZhmOF01HEYAn8ffhCiiGOUWOB4CJpHnIvrORjjjBXU+FgDIuRY346x9cghkP4JaSORpxh5ooHk JchicQw2CSOEEkb5pVZUWikbllnO5iOXIL4pIokmolimkguqx96DMrYppWNxXnjljhtu6WGXQ4Jp BJ9HpmjmkmkO+qShegKVqI6Maqkfnl5KegSlYyKpooItZuokmzQe2tini2bY6KiP5mnqpGL6meSK mAr6aqGxdjoTrXNieet+uZa660K9kvkrq2gKuyaxbk5ZpaLJhmqno9kFGemzYfYp7apnMqn/KazZ IrotqLaKymy4kBqLG6q+ohvsi4RCKStjyJZA57Id0qsrualEq+qlgfK7abHayimwsvIW3N/BCON7 LsOtWtsvpxFzO7G31eFqsLMZK2wpoB07zO6/Fb5b630V/9jsuM9qvDDL1bqMLcyKBTxwzaTivKvO KwPbsJofQ+yuxEN/a/LFKJOL9J9Kt8z0w+3OKnO38Uo9L9VGm3r1tOm6eq2/9pIkNMViWyxu26+p jDW16g7Ldsjw0hy3zSeXLenZ+i697s90Q/Q2yfmBS3bimxHOcc9bvwx5QYuHXfLYcyOcsLk7Z035 4Xs/LXLUm8tdr+flVnp32h5zDfSNX4+s/3njU3fuueQ85702yKb3rSHRN1/unN1o71s54nzPPPzf RRuPGe+i+9501wDXjjrunK++O/KFa0068F5DDXfqgD/OOvV4q3397HRl7jf60a8P/uTWyy49O/I/ T3/x9gNd0toXO8s1D2zz457qMGa1+/XOffo7oO0SeCcAfk+Ar1Pe+JxWvtOdT4Hp013KMJg8w+mN fNkzH+MqGLj9WYZ9sPNZ6ToovOgQLITeG6HrSii+E3IwhR5coeNE2EAShm90PsRezFR4Oxaq74I7 PGL+DBg859mQeC0MYBTxB0Eq0tCKPIKeBXWYqgHGcHkzBGINw/i/LEKxjBk04e9+uMQgNv9xiDks 4hYfWEDmVRGB/gNh/d6YLy72MY11XGOd2vhEMhaSjzJEYSLBuEhBjlGPcOQhEueoxKBp74NOJGLO HFi9Lvrxi4C8ohjd6MiNQRKNkvQkEymIRwaO0oiGjCQdZWlHWuYuj7fcYykPGUvazTKQoQTm0UhJ QF120pi9RGYtqxbMTErRlIjkpSJvOMhWhq6ZsNwlNLeJxUZi8pHDdCb80NI/VTJSlMvE5Ss3+Mz4 fVKIv7RlPIUJTnquE073vGM+qblPa+YynPVkZ0B92T19mo2ZZ/SnC7vRTjZakpXndGU6EfrPp1S0 ksl06OAgqsEkdtRTC5XmQAUHJhiWlJP/Jz1WSt15UXNWE539NOlEofFRbl7yphrNKUx3+oyelhOe D5XnRiUqwe2FlKBJ5WdEddpUUE6TpURyqRzfR1RgGHWVNi0oTqc61Kris6FQHalShcpVswoUrVjd E0m3GsE/TlClcO3qfObaw7La1alX1StktNrXtv7VqisV7JT4uknDovKuNH1qXAVE2MbW9bGATawW DTpPqh72rAtMa0sZO8VTqpGSPsUoUL9JVseeNpUWlaxiEUVabBbTnseMbGA3O9aXunaSsAXpbgkZ 1NZe9rWQje1wvWlG3x4XuMkVrmaJy1rnehG5mc0rb4trXdNCN7uhnax3KlvabI4TtUdV/2ZUObtU z2IWsdqlbnPpet3vwje8s51VbYkpTtxGU7fTZW4cC/tcbaIXrEhVq1S7a17/khPB6lUwe9la4PMG N7VhXW9v6etdA184vSId7VqNW18PRxfDCRbxgjncYIXmVrkBzmh1WXxbF/8XxvEVsCbLW2OAvli6 OZbxfAlcYgufGMSizep+1ZnfiMwUx/jd7oyJ3GEjgxeHIVbyiBncY48+GchRlu+ALVtkBx/4nRFW 8YRJXGUzfxjCWZbrlmncXxs/GM1xpuySOdrkTHwVz0mW84qp3GIf3xjMWA60nudM6C6j9McoTrOW B03mNtv5zDVN8aTXzOU6G/rOmZa0oP85TeeEfhrTspXykCtdaC9DGsnivdeemfrZt4ZZx9fkr6ld fehI53m8s3Yvdu+b6FiPhry29TSvQZ1qMe842bt+dK9h3eegBduv7wVtsat9o2v/1sRX7qaQx8xj ZUub2csd97N1HdOS/DnUv5Y1o1ntaJm+Gs6KBva8yx1te08b38au276h3W63fdnX+ZY3pfld8I28 u9m4Piits23rbaua3ATndiIenu7VrprhGg/Nwal98XUz2a0MvbW6c33yWqfc4s5mOZ9RjleVexzj 7A75HDge45ubfOYurznMI95ZbA9b2+L2ucwnfvSKJ12s3C11wxU3coDr3KPerrCbj2z/9ZIvXdj2 RfpPoT5lepvb3+juOdk/nnGaAzjISpc42MFN7KdrOOqNPru7qw7ogHcm62W+9Jv7fnVPAd7Spx48 vBN+7MO3+tyo7vjacd5yir/c7hLecN77vfd7E97rcjd62J0+9ruXHeRuh/LQVx76b1u57qXPPN7N znmDe37xfo+c4+vd+X9/Puat17rguf57ordX9HQXu2on/3Omj/7ysVez5mk/9YfwHO7M/zryX6/8 DMv+9G0P+tttnv3gBz7xxMd94X9hG8/svljtj7/85x9/vquf/hQ6VgNAwP/++///yJZz/zeABFiA BniACHh9+IWAAHgjDAiA7+cmDziB/xQ4gQq4bRUIAvmHORmogRFYIx0YgiF4gdEzgp4ygh+4fyK4 ghZof7Ilgut3CjCYgixYgwnogoG1goWngig4cAJog0A4gCRYPCwYcktQhDQYhErIf0PYQjXIbTyo g0m4hEHYhI9jgxvoZ0AYgExGhUpohXNThUVVhVPohU+Ig4n1hez3hREYhWb4hLf3gmr4Cm6IhT4Y SUzwhl/oe+pHhRN1hH7YAAtnSoCoh0vIBIr3VHW4hZiwiF+4BLOXN3dgiIb4HKSXHWSgh1moBJTY f/jnGZ0Yiv73ie4gihooB45oiqq4iqzohW2Tiq0Yi7I4ixRoLLBIi7iYi7r4JoWoi/+++Iu7yInA OIzEOIsMcYvFmIzK6IrysIzO+IyVKIPQOI3UWIWkeI3YmI3auI3c2I3e+I3ywTriOI7kWI7meI7o mI7quI7s2I7u+I7wyDpQQBDxSATzWI9DkAAHgAAK8BL4qI/86I/1SAAPwAAKwAD4eBQFeZD4qABc 4QD0GI8EIAVlEZHxiAAOMBLviAALAAV9EY+9QABf8Y4OKZIJwJDxWAACgAAGIAAoCY8YGQADUABJ 0Y4IwAAnWRQ1CZMOMAAaqY4IMAoIUAkJaQUIiZFvsY5DmZEI8Qb1qAAHIJL7gJDuGACfEJMAQJUw OQAHcAAMQAC9gI9IWY8IMAsFYAAmFomPWrmRQjkAArAOCZmQGEkAaxmXdomVdpmX/DCSehmXdckZ QQAAOw== ------=_NextPart_01C77526.F67888D0 Content-Location: file:///C:/2A882234/retirement_files/slide0049.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" <html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:p=3D"urn:schemas-microsoft-com:office:powerpoint" xmlns:oa=3D"urn:schemas-microsoft-com:office:activation" xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii"> <meta name=3DProgId content=3DPowerPoint.Slide> <meta name=3DGenerator content=3D"Microsoft PowerPoint 10"> <link id=3DMain-File rel=3DMain-File href=3D"../retirement.htm"> <link rel=3DPreview href=3Dpreview.wmf> <link rel=3DOLE-Object-Data href=3Doledata.mso>  <title>Economic Security and the Economics of Life and Health Insurance</ti= tle> <![if IE]> <base href=3D"file:///C:\2A882234\retirement_files\slide0049.htm" id=3D"webarch_temp_base_tag"> <![endif]> <meta name=3DDescription content=3D"4/2/2007: A defined benefit plan covers longevity risk."> <link rel=3DStylesheet href=3D"master08_stylesheet.css">  <![if !ppt]> <style media=3Dprint>  </style> <style>  </style> <script src=3Dscript.js></script><script></script><script></script><![endif]><p:slidetransition advancetime=3D"0" effect=3D"newsflash" flag=3D"1"/><o:shapelayout v:ext=3D"edit"> <o:idmap v:ext=3D"edit" data=3D"259"/> </o:shapelayout> </head> <body lang=3DZH-CN style=3D'margin:0px;background-color:black' onclick=3D"DocumentOnClick()" onresize=3D"_RSW()" onload=3D"LoadSld()" onkeypress=3D"_KPH()" oa:clockstart=3D"onstart"> <div id=3DSlideObj class=3Dsld style=3D'position:absolute;top:0px;left:0px; width:534px;height:400px;font-size:16px;background-color:white;clip:rect(0%= , 101%, 101%, 0%); visibility:hidden'><p:slide coordsize=3D"720,540" colors=3D"#FFFFFF,#003366,#666699,#006666,#33CCCC,#99CC99,#003366,#CC99FF" masterhref=3D"master08.xml"> <p:shaperange href=3D"master08.xml#_x0000_s1025"/><![if !ppt]><p:shaperange href=3D"master08.xml#_x0000_s1052"/><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1052,_x0000_s1027,_x0000_s1048,_x0000_s1036,_x0000_s10= 44" src=3D"master08_image004.gif" style=3D'position:absolute;top:0%;left:0%; width:83.7%;height:100.5%'><![endif]><p:shaperange href=3D"master08.xml#_x0000_s1037"/> <div v:shape=3D"_x0000_s1037" class=3DO style=3D'text-align:right;position= :absolute; top:95.25%;left:27.71%;width:21.53%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta0'>2007-4-2</span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1038"/> <div v:shape=3D"_x0000_s1038" class=3DO style=3D'text-align:center;positio= n:absolute; top:95.25%;left:64.41%;width:29.77%;height:2.25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 42%;mso-ansi-language:EN-US;mso-field-code:meta15'>copyright macminn.org</= span><span lang=3DEN-US style=3D'font-family:SimSun;mso-fareast-font-family:SimSun; mso-hansi-font-family:Arial;font-size:42%;mso-fareast-language:ZH-CN; mso-special-format:lastCR;display:none'> </span></div> <p:shaperange href=3D"master08.xml#_x0000_s1039"/> <div v:shape=3D"_x0000_s1039" class=3DO> <div style=3D'position:absolute;top:95.5%;left:3.37%;width:3.18%;height:2.= 25%'><span lang=3DZH-CN style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; font-size:42%;color:white;mso-color-index:0;mso-ansi-language:EN-US; mso-field-code:meta16'><b>14</b></span><span lang=3DEN-US style=3D'font-fa= mily: SimSun;mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-siz= e: 42%;color:white;mso-color-index:0;mso-fareast-language:ZH-CN;mso-special-f= ormat: lastCR;display:none'><b> </b></span></div> </div> <p:shaperange href=3D"master08.xml#_x0000_s1053"/><![if !vml]><map name=3D= "map_m29"><area href=3D"javascript:parent.GoToSld('slide0002.htm');" onclick=3D"window.event.cancelBubble=3Dtrue;" shape=3Drect coords=3D"0, 0, 10, 10"></map><![endif]><![if !vml]><img border=3D0 v:shapes=3D"_x0000_s1053" src=3D"master08_image001.gif" usemap=3D"#map_m29" style=3D'position:absolute;top:94.5%;left:95.88%;width:1.87%;height:2.5%'>= <![endif]><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1031"/><v:shape id=3D"TPQuestion" o:spid=3D"= _x0000_s265218" type=3D"#_x0000_m1031" style=3D'position:absolute;left:54pt;top:54pt;widt= h:624pt; height:90pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <p:placeholder type=3D"title"/></v:shape> <div v:shape=3D"TPQuestion" class=3DT><span style=3D'position:absolute;top= :12.0%; left:9.36%;width:99.25%;height:6.75%'><span lang=3DEN-US style=3D'mso-fare= ast-font-family: SimSun;mso-hansi-font-family:Arial;font-size:89%;mso-fareast-language:ZH-C= N'>A defined benefit plan covers longevity </span></span><span style=3D'positio= n: absolute;top:18.5%;left:9.36%;width:83.33%;height:6.75%'><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family:Arial;font-s= ize: 89%;mso-fareast-language:ZH-CN'>risk.</span></span></div> <v:shape id=3D"TPChart" o:spid=3D"_x0000_s265220" type=3D"#_x0000_t75" sty= le=3D'position:absolute; left:355pt;top:186pt;width:5in;height:349pt;visibility:visible' o:bwpure= =3D"highContrast" o:bwnormal=3D"blackTextAndLines"> <v:imagedata src=3D"slide0049_image017.emz" o:title=3D""/> <p:animation number=3D"2" delay=3D"0" type=3D"object" effect=3D"cut" direction=3D"noBlack"/><p:tag name=3D"CHARTTYPE" type=3D"string" value= =3D"0"/></v:shape><o:OLEObject Type=3D"Embed" ProgID=3D"MSGraph.Chart.8" ShapeID=3D"TPChart" DrawAspect= =3D"Content" ObjectID=3D"728"> <p:oleclientdata subtype=3D"graph" menuname=3D"Chart" clipboardname=3D"Microsoft Graph Chart" followcolorscheme=3D"fullScheme"= /></o:OLEObject> <![if !vml]><img border=3D0 v:shapes=3D"TPChart" src=3D"slide0049_image018= .gif" style=3D'position:absolute;top:34.5%;left:49.25%;width:50.0%;height:64.75%= '><![endif]><p:shaperange href=3D"master08.xml#_x0000_m1032"/><v:shape id=3D"TPAnswers" o:spid=3D"_= x0000_s265219" type=3D"#_x0000_m1032" style=3D'position:absolute;left:60pt;top:192pt;wid= th:324pt; height:293.25pt'> <v:fill o:detectmouseclick=3D"f"/> <v:stroke o:forcedash=3D"f"/> <o:lock v:ext=3D"edit" text=3D"f"/> <v:textbox style=3D'mso-fit-shape-to-text:f'/> <p:placeholder type=3D"body" position=3D"1"/><p:tag name=3D"OLDNUMANSWERS" type=3D"string" value=3D"2"/><p:tag name=3D"TEXTLENGTH" type=3D"string" = value=3D"11"/><p:tag name=3D"FONTSIZE" type=3D"string" value=3D"28"/><p:tag name=3D"BULLETTYP= E" type=3D"string" value=3D"ppBulletArabicPeriod"/><p:tag name=3D"ANSWERTEX= T" type=3D"string" value=3D"True False"/></v:shape> <div v:shape=3D"TPAnswers"> <div class=3DB1 style=3D'mso-margin-left-alt:576'></div> <div class=3DB2 style=3D'mso-margin-left-alt:816'></div> <div class=3DB3 style=3D'mso-margin-left-alt:1080'></div> <div class=3DB4 style=3D'mso-margin-left-alt:1368'></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:36.5= %; left:9.36%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>1.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>True </span></span></div> <div class=3DB style=3D'mso-margin-left-alt:336;position:absolute;top:44.0= %; left:9.36%;width:43.07%;height:6.0%'><span style=3D'position:absolute; top:0%;left:13.47%;width:86.52%;height:100.0%'><span style=3D'mso-special-= format: "numbullet3\,1";position:absolute;left:-15.57%;top:.3em;font-size:75%'>2.<= /span><span lang=3DEN-US style=3D'mso-fareast-font-family:SimSun;mso-hansi-font-family= :Arial; mso-fareast-language:ZH-CN'>False</span></s