contractial obligations but rules that they must be funded but not how they are funded . so that s why more states are moving to 401 k plans . how is that a contract? they are contracts. quenton let me finish. in colorado you can get 90 percent. hang on, quenton. it is rude to interrupt even when she doesn t have problems with her voice. let her speak. colorado can get 95 percent of her salary guaranteed and also your health care costs, you don t have to pay any ductibles employees only eight or nine states will have a contractial obligation for pension but not 401 k. morgan should we see tax hikes. as much as a would not like the tax hike.