. >> sheril, the affect of private pension funds and underfunding is much less. i agree with julian than the problem in the public sector. we are talking about 35 billion and public sector short fall is a trillion dollars and we talk about mistaken assumptions and they are making conative assumptions than public has. and in fact look at what is going on in europe. it is the public pensioners and unions that are riding. >> and i am not as worried. >> tracey on the private sector side and the companies that you and i cover on fox business they are facing the issues an this is a bigger piece than the public pension program is going to be. it is a larger scale issue that we have on the private side. >> up shot is, only 10 percent of the companies are still offering the defined benefit plans and as a result we are segwaying out of it. it is changing. the days when somebody went to work for ibm and collect their pension it is long gone. any money they put in anything that is out of their hands has to become a worry. you are worried that they are not managing it properl