ibnr. then we have a contingency reserve set up specifically to take care of catastrophic circumstances. >> that is correct. and there's a statistical formula behind how we calculate contingency reserves. and it's consistently applied across all three. >> and the third bucket of money over here is the stablization fund, and applying and utilizing those funds to keep rates reasonable for our members and to manage, if you will, the overall participation in various plans. >> correct. >> and all of these are broad board policies that this board has set up and reviewed. the statements of which are, i believe, online, or certainly within our terms of governance so they are there for anybody who wants to look at them and kind of see what is this money being used for kind of thing, ok. just an educational moment, kind of a public -- thank you, sir. commissioner lim. >> required financial reporting during the audit when we do the financial report, required with the audit, and also reviewed by aon an

. >> ibnr for the city plan was substantially reduced 2008, because pretty much all of the city plan is fully funded now. >> for the medicare retirees. >> so it would go down, expect it to go down in 2018. >> all right. thank you. any questions, other questions from the board? any public comments? hearing and seeing none, thank you. we will now return to our regular board meeting. we are no longer the committee of the whole on rates and benefits. have we changed? no. madam secretary. >> thank you. item 10, discussion item, update on blue shield trio hmo implementation and provider partners. jeanette moen, blue shield of california. >> hi there, thank you. jeanette moen with blue shield. i just wanted to give the board an update on the trio implementations and some other provider relationships that have changed in the product. i always have to remind myself why we are doing this because it is herculian project and undertaking, and again it's to leverage those relationships that we have already forged with provider partners en the community who are doing an outstanding job for the city