always good with controller dinapoli. north carolina has a different story from new york but also a good story to tell in terms of state finances. even with some of the recent economic difficulties we have seen. north carolina has maintained its aaa bond rating from all three rating agencies and has the no. 5 best funded pension that has been a hallmark of our aaa bond rating, the fact that we have such a solid pension. as a state we have a proud heritage of making conservative financial decisions and media obligations. part of that is impressive given where the state came from because of where we came from. in the 1930s as many southeastern states we were one of the poorest in the nation. we have 160 defaults at the lower level and we set up at that time a very centralized and accountable financial structure for the state that served us well in public finance realm but also in terms of pension. our pension is 70 years old. started in 1941 and we have a very centralized state health plan and that has served us well. i wan