Inflation. 3. 75 for Wage Inflation and 7. 5 for discount rate. Were proposing two options for assumption. Option one would reduce Price Inflation and Wage Inflation and discount rate by 25 base points. Option two would reduce price and wage by 25 basis points. The data in the study shows the reasons for pushing in particular the Price Inflation down. Then we have a discussion of the discount rates, i guess we show the historical changes weve made in these assumptions. If im just going to skip forward just quickly, Price Inflation, if you look at all the survey information, 3 is kind of a high level. There are some of the california plans that are above 3 including this plan. But generally all the forecasts are lower including any pcs assumptions. Were keeping the spread between Price Inflation and Wage Inflation p flaition constant in all and surprise inflation constant iPrice Inflationconsta. There are lower rates particularly for california. We looked at all the systems that had an
John will remember and probably agnos as well that the only alive black republican in the world ran booker t. Center. His daughter and his son and it was amazing how this was designed and people participated. Jim stratton was here and he was the booker t. Washington executive director. A mean son of a bitch but in every way and when in College London the organizations called i guess you would call them alpha, calpa, all of us. This is where we played when there was a fraternity league going booker t. Is where we did exactly that. We didnt know about all of the People Living out in Hunters Point. They were foreigners. We didnt bring them over here because we had a black community that was incredible and booker t. Was near the center of that black community. And it was just a wonderful thing. And to now have it redone to seat it this day in age, it is a godsend and and to have it redone in this day in age, it is a godsend and as said, you can look to do with the right kind of resources,
Commissioner other questions from the board at this point . Commissioner this is very informative. It seems it would be easier to be more successful than the other plans. I think the integration definitely helps. But i think the other plans can also do it. We hit 44 in two years. Trying to virtually integrate and then the cure system would help us. Well, again, i thank you for the presentation and the work youve done particularly in your recycle bins in the pharmacy. Kaiser, without a doubt is the large largest prescriber of prescription drugs in the county and finally the bins started showing up. My household was lighter because of it so thank you. You asked about the dentist. I met with assemblyman wood who is a dentist and the California Dental Association to work on this together. Our kp pharmacists will call the dentists if we see a large prescription. If you have a root canal and it hurts three days you dont need 30 pills. Commissioner thank you very much. Paige, do you have Clos
Introduce the board of directors but i just want to tell you what the programs going to be. Were going to introduce the board of directors and many, mayor lee, willie brown, london bree and kevin killburn will give a few statements. After that there will be a ceremonial ribboncutting outside. So for those of you who want to take pictures of the ribboncutting, before it starts, you should go outside. Its a better pick from outside than inside. The other thing is that there are people you see with these name tags that are typed. Thats part of our staff and thats part of our board. If you have any questions whatsoever, talk to them. Pull them aside and test them. Okay . I hope they read their cheat sheets. Okay. And i give you larry griffin, president. Yea. [ applause ] good afternoon, folks. And thank you, everybody, that is here. This whole project was a community effort. It wasnt just one or two people. It was a lot of people led by phillip and by pat, so. Our Board Members that are he
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