Novelist aware they would be getting a significant reduction in their pension he or they wont have supported this were retired and dont have to worry about it but our brothers and sisters that are working in the staff will probably want to know why their pensions are effected. Is that a question or comment for russel. Seeing none no other Public Comment ill close. The calory k chairing will entertain a motion of adaptation and participation recommendations ill move it. Second. Discussion on the motion seeing none, all in favor, say i. I. Passes unanimously please call item 11. inaudible world core entity within the teetering a target. The chair will accept it as explanatory ill open it up for another motion. Recommendations. I move we accept this funds. Ill second it. Great discussion on the motion . Seeing none, ill open up for Public Comment welcome back commissioner melberger. Just to get a braider mandate is that the purpose. Ling les low when we made the recommendation to get prop
Suggested you have a lot of capacity forensic early on in the career wear suggesting to have a time horizon to take the risks for the forecasts and expecting higher rates of return so relative to our former Asset Allocation and reduce those offer weighs relative to a capital basis down to the point of retirement the intent to accommodate capital early on and improve the defying indication so thats incorporated as part of the glide path in addition to fixed income were reducing the weighed to the fixed income recommendation thats relative to our forecast for Interest Rate that are were expecting higher Interest Rates over the next couple of years thats starts to could we consider its on target which we expect to be in the coming years in addition, we have look at inflation to so the benefits in its current form is less necessary so our recommendations includes the shorter during yes within the fixed neckline. Slide 18 is is a sense for the forecast and returns for the capital preacher w
Wont have supported this were retired and dont have to worry about it but our brothers and sisters that are working in the staff will probably want to know why their pensions are effected. Is that a question or comment for russel. Seeing none no other Public Comment ill close. The calory k chairing will entertain a motion of adaptation and participation recommendations ill move it. Second. Discussion on the motion seeing none, all in favor, say i. I. Passes unanimously please call item 11. inaudible world core entity within the teetering a target. The chair will accept it as explanatory ill open it up for another motion. Recommendations. I move we accept this funds. Ill second it. Great discussion on the motion . Seeing none, ill open up for Public Comment welcome back commissioner melberger. Just to get a braider mandate is that the purpose. Ling les low when we made the recommendation to get properly capitulated endorse through the global entity fund we needed to compensate by having
Increasing some of the risker sections in the glide path and incorporating more things to increasing the difference indication at the end of the glide path so for modeling its suggested you have a lot of capacity forensic early on in the career wear suggesting to have a time horizon to take the risks for the forecasts and expecting higher rates of return so relative to our former Asset Allocation and reduce those offer weighs relative to a capital basis down to the point of retirement the intent to accommodate capital early on and improve the defying indication so thats incorporated as part of the glide path in addition to fixed income were reducing the weighed to the fixed income recommendation thats relative to our forecast for Interest Rate that are were expecting higher Interest Rates over the next couple of years thats starts to could we consider its on target which we expect to be in the coming years in addition we have look at inflation to so the benefits in its current form is
Of the benefits to assigned contributions or why theres a significant reduction in the pension benefits because i think those supported prop c were novelist aware they would be getting a significant reduction in their pension he or they wont have supported this were retired and dont have to worry about it but our brothers and sisters that are working in the staff will probably want to know why their pensions are effected. Is that a question or comment for russel. Seeing none no other Public Comment ill close. The calory k chairing will entertain a motion of adaptation and participation recommendations ill move it. Second. Discussion on the motion seeing none, all in favor, say i. I. Passes unanimously please call item 11. inaudible world core entity within the teetering a target. The chair will accept it as explanatory ill open it up for another motion. Recommendations. I move we accept this funds. Ill second it. Great discussion on the motion . Seeing none, ill open up for Public Comm