By Karen Pierog, includes “The investment performance, which followed a minimal 0.01 percent return in fiscal 2016, improved the system’s funded ratio to 40.2 percent from 39.8 percent in fiscal 2016. However, its unfunded liability climbed to $73.4 billion at the end of fiscal 2017 from $71.4 billion in the prior year because the state’s pension contribution continued to fall below actuarially required levels, TRS said.”