ms. callahan?ank you, mr. chair. i can only agree with one of finding and that is there was no actuarial evaluation of the specific proposal. it is important to correct a mistake in the grand jury report. the date of what we would call the swap, the point at which our largest union would resume payment of their own employee pension contributions, 7.5%, is july 1, 2011. that is significant. we cannot agree to have this. we did not agree to do so because we were anticipating a large number of retirements and we did not want to give people an incentive to stick around to draw an increased pension after a race. -- after a raise. we did have about double the number of retirements that we normally have in any year, largely because the expirationÑi of the sick leave at cash out program and a large number of people choosing to retire. for those reasons, that is important because it actually goes into the city's strategy with the second employees payment wages. as you have heard, the actuaries to sell 4.5%

ms. callahan? and i think a response from dhr has already implemented will not be implemented. sorry, -- >> i am sorry, on the finding b2? supervisor mar: 1 the agreement. >> it would be, in our view, in violation of our obligations to negotiate under the charter and under state law. where we have to send people to the bargaining table who are authorized to negotiate and make an agreement, and we would not beñr able to complete that process. and meet our obligations if we were to run every proposal through professional actuary. we cannot do it, and it is not done anywhere. we think we are meeting the intent of working with the retirement system. this does not have an impact on the pension obligations. supervisor mar: thank you. supervisor chu? supervisor chu: i know there are a number of recommendations the board is charged to respond to. one of them that i was interested in meeting with the department specifically is recommendation d1. this is the one that talks about san francisco should take steps to curb abuses from pension spiking by eliminating the final pension income an

ms. callahan said it would only have to work six months and go back to another job, especially state employeese changed this. the unions recognize there is a problem, and we have been working on this problem. i just think that the grand jury needed to present all of the facts about what is going on and it needs to mention what the average city retiree, employee receives. thank you. supervisor mar: thank you, mr. rothman. walter, please come forward. >> it seems like we are -- working in the city until the sun don't shine until i want some pension behind and bring it on backe i hope the pension comes back someday come what may, i am city blue by you we work and work kind and we will stand by you. and the fishing with their sales afloat we would like our pension act that familiar money could you bring it back, please? supervisor mar: thank you. mr. denny? >> thank you for the opportunity to speak here today. i am a small business owner with 16 employees. i provide health care and i don't get a dime of public money. despite that, our firm generates over $200,000 in various taxes to various agenci