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commissioner harris-dawson >> in calpers in their letter they start january 1 all calpers health plans are required to offer diabetes prevention programs and they must meet the center for disease control's innards. at no cost to a notable members. do your standards me back the center for disease control? >> for the real appeal program >> right. >> yes. we can get additional information. we can even have some someone from the real appeal program, at a future meeting if you want to know what the clinical components of that. but, yes >> all right. never calling joining please identify yourself >> i michelle-of your vice president sales and account management for the sector >> i manage a toddler's account as well in real appeal program is what we rolled out to meet those needs so they're actually- >> so the working with the center for disease control? >> correct. >> as part of this program they rolled out? so yours is basically the same >> exactly. the program we rolled out for calpers to meet those records is the same program we been going out to city and county. >> all right. so we got s

commissioner harris-dawson >> in calpers in their letter they start january 1 all calpers health plans are required to offer diabetes prevention programs and they must meet the center for disease control's innards. at no cost to a notable members. do your standards me back the center for disease control? >> for the real appeal program >> right. >> yes. we can get additional information. we can even have some someone from the real appeal program, at a future meeting if you want to know what the clinical components of that. but, yes >> all right. never calling joining please identify yourself >> i michelle-of your vice president sales and account management for the sector >> i manage a toddler's account as well in real appeal program is what we rolled out to meet those needs so they're actually- >> so the working with the center for disease control? >> correct. >> as part of this program they rolled out? so yours is basically the same >> exactly. the program we rolled out for calpers to meet those records is the same program we been going out to city and county. >> all right. so we got s

you saw what happened in calpers.ut of hedge funds and move into other equities, and this is a result of the market conditions. things have started to turn around, so that will change. maybe things will move back. pension managers and defined contribution managers tend to lag a little bit. pimm: i wonder if you could speak to that. pension managers have been faced with the mismatch of their future liabilities and what they can earn currently. bet hurdle rate may not really stick. i wonder if you can talk about that. this is not something that is going to be fixed by buying a 30 or 50-your trip -- treasury. jeff: this is something that is going to perpetuate for quite some time. i was at a conference yesterday talking about something called liability-driven investing. you actually start to manage to , to your flow retirees. that is the new normal, and it's already happening with corporate pension plans. we haven't seen that uptick in public pension plans, although that is starting to happen. oliver: there's a story out

pushing for died chessmen of our public money, specifically pension money which is invested through calpers into the dakota pipeline, this is money that came from the taxpayers of california for the retirement funds of the public workers like myself who works for the city of oakland and that represents $50 million of our money going into the pipeline that we oppose. >> how many are involved in the pipeline construction? >> you spent time there over the thanksgiving break, give us a sense of what the atmosphere was there because there were thousands of people there and now it has sort of dwindled, but they really seem to be a calling from around the world with people coming in. >> i was there for one week during which the crowd rose to 10,000 people. it was beautiful, there was solidarity and commitment, people were chopping wood and building medic tends and helping those that were injured by the rubber bullets and other police action. >> what is at the brought so many people out to the middle of nowhere? >> what i think is important is that we have a combination both of a threat to the plan

of the meeting, council member rebecca kaplan plans to call for california's biggest pension fund calpers to divest. locals who attend are encouraged to sign a petition at the forum. in a different push to stop the project, dozens of people blocked. entrance to the federal building in san francisco yesterday. police removed them. it followed the army corps of engineers approval on the construction of the north dakota project. >>> one teacher in the bay area is making a difference one guitar a time. >> it's a unique program that allows students to build their custom made you go terrence and earn something greater in the end. half moon bay high school is this week's cool school. ♪[ music ] >> reporter: some days, school can be a grind. but for these students it's a blast. >> this is just something i was very passionate about and i wanted to do it. i feel like the kids get a lot out of it. >> as you put it all together you feel like, wow, i'm making this and it's going to, like, play music it's, like, this cool feeling to think, like, i did this for from, like, scrap. >> reporter: it takes r

today one of the headlines, calpers under 900 million on their bogey because they have less allocated for stocks because they didn't trust the move. there will be a lot of large institutions that may ultimately end up feeding the beast when they decide that they can't fall too much further behind their bogies. in terms of interest rates to me that's the wild card. you know, you have all this talk, a, that the fed will quit reinvesting of the balance budget that could make rates go up. there's talk about japan after the election. that could put rates up. new york fed survey that came out today talking about inflation expectations going up. ppi own cpi in the next couple of days. that's bye too the upside. one thing, rates have been much more tame. there's less corporate supply once repatriation is in the rear view mirror. >> what about tomorrow and the next day when the fed chair is on this. is that an opportunity for her to start to set the table for maybe march and is tomorrow a breaking point for the down side of rates and do we think they are actually going to start to rise potenti

but she represents calpers in washington and she'll talk about their experience. then we'll turn to sally welborn from walmart. she is responsible for global benefits for this huge company and has experience in retirement and health benefits in several large companies and she will focus on bundled payments. finally, jeff white of the boeing company, jeff is the director of healthcare strategy and policy at boeing. he's a lead negotiator with boeing's aco and he will focus on contracting with providers and their aco experience. with that, let me start with ellie and we'll move from there. >> thank you, alice and thank you all for being here today. there are so many different levers we as employers utilize to be able to influence healthcare at our organizations. we're all going to touch on different ones as alice has introduced. i will talk about how we have really focused on consumerism, how we focus on helping our team members make better decisions around their health care and specifically how we do that by utilizing health savings accounts. we are one of america'

i want to put calpers is low as several other funds have lowered their contribution rate we're stillthe 7 and a half can you address that in terms of what you are seeing in terms of planned sponsors lower the expected returns for the portfolio since we're accepting half. >> yeah. there's been a trend towards lowering the discount rate reflecting what your know-it-alls are through the exception of the fire chief when we presented the review of confirmation assumptions we showed survey data of what is happening and i think we noted at that time that our assumptions are right in the middle of what everyone is doing in california we're seeing those fund those assumptions are down so next year we'll have to look at the data again. >> thank you anyone else colleagues if not public comment. all right. open up for public comment for this item. >> public comment is closed. thank you. >> all right. is there a motion. >> i move. >> moved by the commissioner stansbury and seconded by commissioner meiberger without objection that item passes. >> next item. >> you said finance committee report. >>

outgoing with calpers and ongoing as we bring on additional >> all right., thank you. other planned representatives issues? of the comments in this area? >> addenda screwed up active with our voters widows and their dependents. as your starting the rates and benefits when the things that i go up every year and talk about is the two-tier vision plan. somewhere in the back of my head >> it used to be [inaudible] the dental >> no. the two-tiered vision plan i love it two-tiered ( >> it used to be that that the plan reference. okay. we fixed that one so please, proceed >> well, you have not fixed it. you've done the best you could to read the was the kind of exit >> as far as the two-tiered vision plan summer in the back my head under what somewhat out there floating around and i hope this year will be considered again. the wonderful benefits for people who wear glasses. if it's possible to fit into this year's rates and benefits i'm sure a number of members would appreciate so thank you >> all right. we will make due note of that. dir. dodd >> it will be part of the prese