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Doing today . Guest great. Host im not a big reader but but i was enthralled by your book. I found it to be inspiring, informative and exciting. Im just wondering, if you can tell me how the way that i was touched by your book, is there something that is, did a similar thing for you that got you on your track . Guest i guess where i will start to try to answer the question is will bid for the back, and that is when i was a kid growing up i was kind of the opposite kid you would expect to become an astronaut because i wasnt a good student. I couldnt Pay Attention in class. Absolutely impossible...

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...

Scott, how are you doing today . Guest im doing great. Host im not a big reader, but i was enthralled by your book. I found it to be inspiring, and exciting. I was wondering if you can tell me the way it was touched by your book if there is something that is similar for you that got you on the track from your wayward life. Guest i guess i will start to answer a question of it further back and that is when i was a kid growing up i was kind of the opposite case you would expect to become an astronaut because i was not a good student. I couldnt Pay Attention in class. Impossible for me to do that...

Valuation. It just shows the reconciliation and recording rate and as bill said, there was aness decrease of 1. 5 in the contribution rate, but there are offsetting events if you will that happened that did have an impact on the rate. First of all, there was a market gain on your assets of 13. 5 , and that increased or decreased the contribution by about 1 of pay, but since you had those market returns, it triggered your supplemental cola that were effective july 1st, 2017, and that basically gave most retirees about an additional 1. 5 increase on their benefits, in addition to their basic col...

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 ...