think the long-term return would be, stripped out without any kind of excess return, just sort of bareboneconservative. the actuary has access to that report, but the responsibility under the board policy to bring forward, for funding purposes -- because again the actuaries are the experts in properly funding a pension. they are not the experts in how to report investment gains and loss. clear. the consulting actuary recommends the -- all the assumptions. they must be approved by thet5fu board in the same way that the retirement board relies on the-ñ consulting actuary to calculate and determine employer contributions. >> supervisor elsbernd: i had just a couple of higher level questions. seems to me that one of the big assumptions that underpinning this executive summary has to do with drop of the bear market assets shrank from 17.4 billion to 11.1 billion. the question i had, just doing a little research here on the computer, it seems that the overall markets dropped by about 20% during that time period, and our fund dropped well beyond that. and i wanted to just get your sense of is tha