By Dave Fidlin (The Center Square), includes “… ‘If investment returns over the next few years average below the assumed (rate of return) … employer contributions will need to be sharply increased in just a few more years.’ On the whole, however, McMahon wrote a favorable review of DiNapoli’s plans … ‘Even adjusting for lenient public-sector accounting standards, on which that estimate is based, New York State has one of the nation’s best funded public pension funds,’ McMahon said.” (Note: New York State’s liability for retired employee health care benefits swamps its pension liability. See this report.)