By Samantha Marcus, includes “The report to the State Investment Council on Wednesday said the pension fund for nearly 800,000 public and retired workers may have some more trouble in the short term but will come up smelling like roses decades from now. Of course, it's based on a couple of pretty big assumptions: that investments won't tank, and that the state makes good on its commitment to increase its yearly contributions to the fund and resists the decades-old habit of skimping when times are bad.”