acting director, i'm joined by our cfo and joined by the vice-president for actuarial services for an hoout. we have asked jerry rap port to speak on this so he will follow my presentation. i would like to start first with what we believe is the most important story of 2014 raise some benefits process and that's precedent 4th year. this has never happened. it's unprecedented for the city of san francisco and something we should be proud of. first reminder that the health services system trust is a trust that provides health benefits for employers and the city and county of san francisco, the school district and community college district. the package represents the employee and retiree benefits for all four participating employers. my presentation today is going to review the aggregate premium increases and there is a peak into san francisco city of san francisco premium rate increases and the federal health care reform act and the impact on our rates we'll be looking specifically at some of the medical plans, blue shield and kaiser and what drove the increase in their rates this year. kais