Page 27 - Fund Second News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 probability per say. Thats it theres a probability but we take the probability and multiple it by the 1. 5 per...

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 in 2004. And that gets fed with extraordinary Revenue Growth during the good times and gets drawn o...

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 so those are excellence results for this year im glad were pursuing this youve brought up the supple...

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 closed the funding policy on the on the u a l and the gains and losses and changes that helped to get the...

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 the different categories. What are we to expect from our consultants form seven hundred based on them...