Quite acceptable to the decision. The International Energy agency the i. A. E. A. Said today that the United States could outpace saudi arabia right saudi arabia and russia in the production of oil this year according to an i. E. E. E. A report twenty eight hundred expected to be record setting Oil Production for the us above ten Million Barrels per day the only calvi out in the i. A. E. A. Report is that if opec and russia do not stick to their one point eight million barrel per day Production Cut which they have said they would continue through the remainder of the year then things could change. And its past four pm right now on the east coast and here in washington d. C. And it looks increasingly like the government will officially shutdown when Spending Authority granted by congress expires after midnight the latest development was a meeting this afternoon between Senate Minority leader Chuck Schumer and President Trump senator schumer reported no breakthrough meanwhile a short ter
Is so good to power that from moscow pride simply damini to it why did it their way to be unsettling to communities hes so. Young children have worked in bolivia for generations almost three quarters of a million doing so today. This culture led to the development of bolivias new liberal and highly controversial childrens code in two thousand and fourteen which gave children as young as ten the right to work under certain circumstances one doesnt have to miss. His own nose. But. In the end on. The years. But there are hundreds of thousands of children in bolivia operating completely outside the old. Mining work is strictly for the children but its never enough for school and that means the school boy minus continue risking their lives for the money they need to supply. The International Energy agency the i. A. E. A. Said today that the United States could outpace saudi arabia right saudi arabia and russia in the production of oil this year according to an i. E. E. E. A report twenty ei
Projector, please. Right. Again pointing on this column, the market value assets at the end of the financial, what they call the great recession, just under 12 billion. And then increasing to 17 billion which reflected a market value funding status of 84 . I am happy to report with the markets so far this year, through the end of april, we have exceeded 19 billion in assets. And on target to return over 14. 5 return for the current fiscal year. Again as long as the Financial Markets hold through june 30, it seems arbitrary but that is the time that we do a snapshot and measure the health of the plan. So over the four years since the great recession, as its called, we have increased the market value of this trust approximately 5. 1 billion. And at the same time over this same period we paid in excess of 3. 5 billi 3. 5 billion in benefi. Can you talk about the difference of actuary value and market value. The actuary is what they determine it will grow, which is currently 7. 58 , and ea
Budget and finance committee, i am mark farrell, i will chairing this meeting, and want to thank sfgtv for taping this meeting. Clerk, any announcements . Yes, chair, please silence all phones and submit documents to be submitted to the clerk, as today will appear on the may 33 meeting. Call item 1. Item 1, proposed budget and appropriation ordinance for selected departments as of may 1, 2014, fiscal yearending june 30, 2015 to june 30, 2016. Item 2, proposed annual salary ordinance for selected departments for yearending june 30, 2015 and june 30, 2016. Item 3, hearing for mayors proposed budget for selected departments, for fiscal year 20142015, and 20152016. Thank you very much, we have a continuing number of city departments coming before us, three departments, Child Support services, retirement system and municipal transportation agency, with that we will start with Child Support services. Good morning chair farrell and members of the committee, i am carol roy, head of child servi
Membership broke out by active and vested and reciprocal members. Active members over a fiveyear period are still in a decrease from the level of active employees we had as members in 200809. And you can see the effects of the streamlining of the positions. Going through and coming out of that difficult period. We also show the active to retiree ratio and you see that its steadily declining but not as quickly over the last three years in the prior two years of this fiveyear snapshot. And you will notice that retired members increase by over 16 over the same fiveyear period. And that we continue to have a net increase, we measure obviously some retirees will end up eventually dying. But we still have a net increase of nearly 1,000 a year of retirees going into payment status. The next page tracks the funding levels over the last five years. You notice in 200809, we had market values assets just under 12 billion. And that was the end of the difficult Financial Markets in 200709. Mr. Chai