ms. bovbjerg, did you talk about the premiums?> some years ago we looked pretty hard at pbgc finances, and is pregnant, investment income, or better -- plans -- it is premiums, investment income, or better funding of plans. the deficit reduction act of 2005, i think, raise premiums. i would not sit around $40 a partisan, the flat rate -- i would say at about $40 a participant, the flat rate, and there is another part, said the underfunded plans after put in more as well. after that, the pension protection act of 2006 strengthened the funding rules. employers with spot to benefit plans would have less time to get full funding, and at certain assumptions, a range of assumptions that they had to use. the design was that when plans came to pbgc, there would be in better shape and he would not have bethlehem steel -- fully funded two years before the bankruptcy. by the time of bankruptcy, they were down to 30% or 40%. those things are designed to balance what flexibility employers need with protecting pbgc's fiscal integrity. but the p

ms. bovbjerg, when there be an interest in having a board -- that would also provide oversight to the boards and what could be done to improve the interaction with the advisory committee? >> we did not call for a separate audit board. at the g it -- at the gao, we like to see more auditing capacity. >> as the only accountant, i do too. >> what we did think about is the importance of the standing committees in the board and there needs to be some audit committee to work with the external auditors and pay concentrated attention to the finances of pbgc. we had not thought about a separate board, but we could consider it. i would not be willing to recommend it and get myself in trouble. it also acts to about the advisory board which is seven members appointed by the president and a report to the director right now. most committees and boards of that nature report directly to the board of directors. that might be something to -- advisory group, it was called an advisory committee in the past. it was at one time the investment -- the investment advisory board. they were looking at investment issue