Page 14 - Fund Second News Today

Okay. So again its a large group if its combined with the basic cola group ill stop with that. Commissioner. I want to expand an commissioner driscal page 4 the probability so 2020. 25 percent so the liability in cola. This isnt the probability but the toll amount that will be paid. And actually, i should correct it page 6 is the 2014 assumptions and page 4 were the 2013 so again in 2015 there would be zero and 2020 this would be the basis point costs of colas going forward. Theres no probabilit...

And a half percent of revenues, and for the schedule, and pretty existing policy to increase by an additional 2. 5 percent over the next fiscal years and reaching a cap of two percent of fiscal year, 1617, while the general reserve is a reserve that covers losses that occur in a single fiscal year, stabilization reserves are intended to really help the city through the economic cycles and we have two of these, and former supervisor tom amiano proposed and adopted a rainy day reserve for the city...

Investment return fin tuned we were evangelist this given year this has nothing to do with how i fund a pension but and you report is part of the reason 7. 258 in 2013 we closed the funding policy on the on the u a l and the gains and losses and changes that helped to get the Interest Rate to be higher as the funding rate. This is an excellent question the bond rating agencies will be pleased we didnt have a shortfall that required us to have used an assumption less outstanding our assumed rate ...

Anti your money will take you in paying benefits and any part of that stream of benefits for every employee at a give point in time thats not payable youll have to use the Municipal Bond rate in that he 2012 we are that at an assumed point of return we were 6 points apart the city said they have no interest in getting the investment return fin tuned we were evangelist this given year this has nothing to do with how i fund a pension but and you report is part of the reason 7. 258 in 2013 we close...

From that employer not reflected from the entire system their disclosing their only individual financial. That was what i was trying to get at. I think theres no more questions this is my understanding im not sure its factual but the holdings in San Francisco if you own something new york youre not guaranteed to pet put it down. Thats correct if someone lives out of the area that effects what real estate holders they have to disclosed theres specific reproduction for the forms seven hundred on t...

Valet parking stations to insure the Consumer Protection and maximize tax receipts, any questions . I want to say thank you for bringing this forward and like forward for more of this stuff to come. Thank you. We will open it for Public Comment. Anybody wish to comment on item five . You wish to comment . You can come to the podium . inaudible okay, thank you very much, any other member of the public wish to comment on this item . Okay, Public Comment is closed, motion to send this item forward ...

Structure. We have contingency reserves and this is intended to cover, unanticipated costs and causes it to increase from what is formally about 25 million up to 2 percent of revenue and at the moment on a schedule. And at the moment we are at 1 and a half percent of revenues, and for the schedule, and pretty existing policy to increase by an additional 2. 5 percent over the next fiscal years and reaching a cap of two percent of fiscal year, 1617, while the general reserve is a reserve that cove...

Mark hello and welcome to countdown. Manus also coming up on countdown today, as the first person faces trial for alleged libor ratereading, we take a look at how the billions of dollars collected are being spent. It is probably something you would not expect. That story later in the show. Mark shall we bring the numbers from ryanair . Fullyear earnings jumping. Profit after tax gaining 66 . 867 Million Euros. That is 247 Million Euros higher than the top end of predictions made the previous yea...

Hearing on our proposed budget for fiscal year the next two fiscal years fiscal 1 5 1 5 16 15, 16. We introduced a number of proposals which Commission Voted to forward the Mayors Office at the time. However we had not fully plushed out what the proposal will be for our i. T. Program. We did leave some allocated balance, and the specific program was not called out in those prior hearings. We committed it . Back to you this month to finalize that proposal. As we had discussed previously at prior ...

Competent that Community Base needs and helping people move towards being independent. I think the splitting might be helpful for us as we get to the resolution later on. Last thing will be, on the future report, separating out the short term and the long term beds. I to think that laguna honda has a long term placement. Those beds are different. All of those comments will be like where we like to capture the n . n . If were going toa . n . Do that, we need to definen÷n . n . n . What is what w...