past year despite 15% budget cuts in north carolina they met the entire required annual contribution. i wrote 100 handwritten thank-you notes to the general assembly colleagues thanking them for their support of the pension plan even in hard times. so while it is true we have a solid plan there's always something new to learn and in north carolina we pride ourselves on our educational institutions and the pension plan. there's always new things to learned. we put together when i became treasurer back in 2009 a future of the retirement system commission. we had taxpayer advocates, employees, citizens experts chaired by bob clarke of nc state university. we talked about how to improve the system. are there ways to change? this was created in 1941 and the work force has changed. there were a couple things and one we're working on, there was a thought that short-term employees might want the option -- we have a ten year period that is more conservative than other systems in the country and there might be teachers and others who work for a short time who might want an optional choice. that was not all the league passed by the general assembly but was o