i'm from parametric. i've got justin henny and kelley hillquist. >> i think the board had a lot of questions last time that they want some answers to, so why don't you just go ahead and jump in and start addressing those. >> okay. that's what i had hoped to do. so do you want me to just go through them? >> yeah. answer the questions. >> why index futures, i'm reading from slide four, exchange traded futures yallow us to remove the secured indexes. >> are there slides? >> it's attached to the recommendation. >> attached to item [ inaudible ]. >> did you get it? no, there's no slides attached to item 12. >> attached to the memo? >> no slides. i don't have any slides. >> oh, they might be 11, you might be in the guidelines. [ inaudible ] >> i'm sorry. >> two different pieces of material. first. >> my mistake. i thought we were on item 12. so yeah, index -- so in other words, index futures are another way to invest in indexes. they have a different structure, but the same result is index eft and mutual funds,

why don't we go to the consent calendar -- no, let's push parametric to the end. let's do these other items first. >> okay. item 8, the consent calendar? [ inaudible ] >> okay. let's go to the consent calendar. i will call for general comment. wi are there any members of the public that would like to comment on the consent calendar? seeing none, we will close general public comment. is there a motion for the consent calendar from the commission? >> motion. >> there is a motion. >> second. >> good. so moved. can we take the consent calendar without objection? great. item passes. where did you want to go next? no, i want to go to the actuarial study before we go to parametric. you want to go to item 27? there's not a rush. if we don't get it done today, then we'll find a way to get it done. >> item 27, approve request for industrial disability pension adjustment from 50 to 86%, mark williams. >> commissioners, in accordance with your policy, you are able to increase an industrial disability when the worker's compensation has awarded an applicant in sets of 50%. in t

ninety three thousand six hundred sixty five wine glasses it's the world's tallest crystal glass parametric. you can find out how glass blowers work in a tough easy in town gas works. once a supplier to europe's royal courts to this day it still produces high quality class product. in. the treetop walk is one of the highlights of the bavarian forest it's open all year round. the walkway extends through the forest between eight and twenty five meters above the ground. what does the forest sound like what animals live near at seven learning stations you can find out more about the life and habitat before it's time for extra fun. there are other activities like balance beam and adventure trails. but the real highlight with the emphasis on high is that treats our. this part of the walkway rising from the spiral circling around three ancient trees . at the top there is a viewing platform forty four meters above the ground. in general you have a great view from up here over the bavarian forest unfortunately not today anyway i enjoyed coming up here and this is where my tour of the bavarian forest

. >> are you the guys who run the s and p 500 tax advantage, same parametrics. >> yes. >> yes. yes it is. >> okay. thank you. >> where would you like to go from here? >> item 18. >> item 18, mr. secretary. [ inaudible ] >> why don't we open up item number 18 for public comment while staff is settling in. are there any members of the public that would like to address the commission on item number 18? seeing none, we will close public comment. just -- just the high points. >> okay. thank you, commissioners. good evening. before you are the proposed revisions to the sfdcp investment policy statement. we have hired cowan as our -- [ inaudible ] have made some changes to it. these changes have been discussed with the deferred compensation committee at length, and i've provided some context on the industry's best practices and since then, the deferred compensation committee then voted to forward the ips with the changes to the board with their approval, so i would like to now ask the board for your approval on the changes to the ips. [ inaudible ] >> -- to item 17 first, which is the