on the actuarial value whibasi we've increased to 87% funded level, and on the increase, we're up to about 97% funded. those are very good funding levels compared to other systems around the country. on a market value basis, the unfunded liability decreased from about 3.3 billion down to 2.8 billion. >> what is calpers currently at? >> much lower. something like that. >> in terms of our funding status compared to other california pension systems, do you have any sort of sense of where we are? >> i would say you're probably in the top three or four. i would say three or four others -- contra costa are over 97%. >> the fresno systems are over 100, and then, there are a few around 90%. i think contra costa, a couple of l.a. systems are in place, but there are a lot of other systems that are much more poorly funded. >> thank you. >> but this chart identifies the sources of the change in the employer contribution rate from last valuation to this valuation, and i wanted to note that when we were here november and were showing you the projections, and you adopted the 7.4% discount rate, thi