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Adopted. The main noaks was to learn how to measure risk. The progress weve made is weve purchased software, weve pnch purchased systems in order to measure risk and once we can do that we can monitor risk and the board will have more information under which to make supervisor elsbernd not just the board but the public. All of this will be done through the public board and there will be a quantity final number. The cao every month, where part of his report is a risk report that shows not only the risk tarkt that has been established and what changes in our portfolio either hiring or firing a m...

You ask me, just sort of comment, on what the employer contribution rate looked like over the years. I dont have the chart in front of me but there were times when the employer contribution rate exceeded 100 of pay. Was in the 60 to 70 . Aside i raised that point because those were years when we do not do alternative investments so the notion that is some sort of panacea to fix the city contribution is just bunk. Also the report indicates that from 2004 to 2007 there were no contributions made to the plan. In fact, from 1998 through 2004, because of the funded nature of the plan, there were no...

First of all were very familiar with joe nation who basically is the one who supervisor elsbernd yes. As an advocate for pension reform, compiles these types of comparison studies. What i was trying to imply and actually stated, every three years the board goes through this exact process. They use actual positions in the current portfolio and they go forward and model those to try and find out obviously weighing return for risk, what would be the best and most prudent way to sort of change the composition of the portfolio. Supervisor elsbernd im sorry, jay. Ill get back to you because you ment...

Composition of the portfolio what impact that has on our risk. Right now to date, the risk analysis application has only been implemented across 50 of the portfolio, which is the stocks portfolio. We are to get it into the fixed Income Portfolio and it will be more difficult because of the nature of alternative investments in real estate to implement it but thats the goal implemented across the entire portfolio to provide like you said information to the board as well aspj 5÷ to the public. Supervisor elsbernd thanks, jay. Sorry. Am i taking that as a no or that youve already supervisor elsbe...

Part of his report is a risk report that shows not only the risk tarkt that has been established and what changes in our portfolio either hiring or firing a manager, changing the composition of the portfolio what impact that has on our risk. Right now to date, the risk analysis application has only been implemented across 50 of the portfolio, which is the stocks portfolio. We are to get it into the fixed Income Portfolio and it will be more difficult because of the nature of alternative investments in real estate to implement it but thats the goal implemented across the entire portfolio to pro...