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Actuarial, examine then, the assumption changes are indicated by the toeal bars, ad then, the impact of contributions on your unfunded liability are the the red slivers. So basically, its to give a historical perspective, back in 2007, the plan actually had a surplus of about 1. 4 billion, and over the course of the last ten years, unfunded has increased by about 5 billion for a net unfunded liability as of 2017 of 3. 5 billion. Now there are three main fa factors for this increase. The first is the 2. 3 billion for assumption changes, and you can see that in 2010 and 2015 we had the dependenc...

Number 18 . Seeing none, we will close Public Comment. Just just the high points. Okay. Thank you, commissioners. Good evening. Before you are the proposed revisions to the sfdcp investment policy statement. We have hired cowan as our [ inaudible ] have made some changes to it. These changes have been discussed with the Deferred Compensation Committee at length, and ive provided some context on the industrys best practices and since then, the Deferred Compensation Committee then voted to forward the ips with the changes to the board with their approval, so i would like to now ask the board for...

Liabilities and your assets. The sources of the unfunded are liability gains and losses which are the gray bars, and thats when people dont retire according to the assumptions, their salary increases or lower or higher than the assumptions, so you have whats called liability losses. The gold bars are your liability losses on your actuarial, examine then, the assumption changes are indicated by the toeal bars, ad then, the impact of contributions on your unfunded liability are the the red slivers. So basically, its to give a historical perspective, back in 2007, the plan actually had a surplus ...

Have recommended one position this is consistent with other Fire Departments that have some kind of support Strategy Planning process we want to point out theres a highly paid position within the Fire Department which we recommended their responsibility was live Strategic Planning and planning my understanding the depended agreed their Strategic Planning process should be included we stand by our remedies and the other recruitment the audit they needed to work within the existing resources they District Attorney have an overall recruitment problem but with only the department attract San Franc...

Other recruitment the audit they needed to work within the existing resources they District Attorney have an overall recruitment problem but with only the department attract San Francisco residents to the Fire Department and were very clear we need to work with the existing resources there are many to the best of your knowledge theyre not looking at the existing resources to improve that process as. Yes. Mr. Chairman, and members of the committee i want to read the item the chief spoke to the reduction of 477 plus we recommend that you reduce uniform shareholders in 20152016 the department has...