what san jose has done is said, ok, you can't work for 30 years and then be refired for 40.o work, you know, a little longer. increased.has been beenhe benefit has reduced. so it's not 3% at 50 per year of 2.5%.e, it's now and by having employees work longer and draw from the funds shorter period and by reducing the percentage, you're able to get the numbers back balance. >> and to be fair, what you've been working on with san jose is that basically the people who under the old system are more or less grandfathered in. this is for new city employees forward. will. >> well, all employees are grandfathered in. any benefit that they've earned. going forward the benefit can existingven for employees. and that's a big difference from some other pension reform seen.es that you've for example, governor brown's thesenitiative made changes just for employees that are new, that are coming in new .o the systems so san jose, that's a very big difference. existing employee has vested all their benefits on a backwards looking basis. but going forward, those benefits may be changed. moving