chair finlay commissioner salahi vice chair flora's fang commissioner salahi. commissioner salahi. mr. salahi commissioners i wish just like chair by a vote of 4 to 0 the commission has elected commissioner salahi to serve as vice chair for a one year term beginning march first, 2025. and congratulations commissioner salahi thank you. >> thank you everyone. i think we've never had a not unanimous vote in my tenure in my tenure on elections. >> i did that to the list. >> so i think that closes item six and i'll call item number ten items for future meetings. any of my colleagues? >> yeah, i have an issue to raise. it may not necessarily need to go on an agenda but i wanted to disclose that i received a phone call from supervisor connie chen earlier this week. um at the board of supervisors the appointing authority for my supervision for my position and she had asked whether the commission has any guidance or view on how the board of supervisors exercises their authority under subsection 3.6 20f of the code campaign code with respect to when waivers for the hazard payments prohibitio

hi commissioner salahi i commissioner francois i performed live with three members present and accounted for you have a quorum. >> thank you but i'll call you an item two general public comment does anyone in the room wish to make public comment? not seeing anyone in person mr. clerk would you check if there's anyone on our online platform driven live? we were checking to see if there are callers in the queue . sheriff i live there are no callers in the queue. >> thank you for checking seeing no callers i call item two is now closed. we're going to proceed to the calendar. i'm going to take things a little bit out of order to accommodate some folks are here in person so we'll start by calling agenda item 11 then we'll call the rest of the calendar in the regular order. so i now call again item 11 discussion on possible action regarding request for a waiver of compensated advocacy provision for hans laid off mr. canning thank you chair commissioners. i'll briefly summarize the matter which is a request by hans off for a limited waiver to the ses compensated advocacy rule after i introduce

is responsibles that the board has seen in 23 actual evaluation it was due to salahi rews and contributions reduced are nest pension liability contributions from the employers and members and have net investment income positive net encome reduces the pension liability. and expenses are [inaudible]. part of this change. so, we -- the net pension liability does tends to be volatile this year grew from 6.6 billion dollars to 4. 4 billion dollars. it is volatile because of the there is no smoothing of the asset in this number. any investment income directly influences that to the extent our investments areville tile that swing around a bit. >> again this is [inaudible]. >> questions as from -- happy to answer questions issue later, too. >> motion to adopt the report. >> seconded. >> public comment >> do we have in person comment? moderator do we have callers on the line? >> there are no callers. >> thank you, public comment is closed. >> moved and seconded all in favor? aye. >> opposed? >> passes. >> thank you. >> thank you. >> move to the next item. >> item 10, discussion item board middle eas