are you done commissioner heldfond? >> i'm done. >> okay. >> i similar to commissioner heldfond just had questions about sort of the opaqueness right now and figuring which way the market is going and how we should be positioned going forward. most things i read and experts i'm talking with are wait and see mode and trying to maybe spend time figuring out the direction that inflation and the rest is all going togo over the next year and waiting to see before they adjust in ort areas. when you included 7.2 as one of the options that you recommended is that the reason-one reason why is that take the wait and see approach to see which way things are going? >> yes. absolutely. i think we look at our data based on the capital market assumptions from beginning of the year. 7.2 is still reasonable but the high end but we know the market changed quite a bit since beginning of the year. treasury yields were 1 and a half and now they are 3.6, 3.7 and they were above 4. so, there is quite a bit of movement and so yeah, part of the

commissioner heldfond, questions? commissioner heldfond you are muted. it is a discussion item. we can move to calling item 10. please. >> we need public comment. >> [inaudible] no audio. good afternoon. can you hear me >> thank you, for allowing mow to sit in your seat for a mobile home. commissioners, thank you for your time today. buffer is the monthly activity report. if there are no questions on the activity report i'm happy to give you updates at this time. >> okay. >> so, as you know, price selected our fund manager. we have been working with them in getting the demographic information and pension information so they can design [inaudible]. in the midst of contract negotiations and our work with russell on an extension. our contract with russell expires the ends of the year. and we plan on extending our contract with them until june of next year. as we are targeting that to be the roll out of the new fund. >> with regards to target fund work we have a meeting with the committee in january. we look forward to presenting a recommendation to the committee. alcohol include cl