To be fair

State pension funds are said to have earned 14% last year: $3 billion. Just a week or so ago I linked to a report that said our pension investment returns were awful. I don't know which claim is true, but here's hoping it's this one.

Of course, that still leaves our state employee pension fund 35% funded and the teacher's plan at 51%, when prudent recommendations call for 80% funding, but every little bit helps.