Years ago many private companies shifted policy from investment decisions on behalf of employee retirement accounts to a system of each employee received the funds slong with education and counsel, if desired, to learn about and make investment decisions on their own. There really is no way to consistently meet an anticipated "return"  ... conservative choices bring higher returns, etc., it all about risk/ reward...it's nothing more then the reality of retiree fund management. Why is the State dragging it's feet and still mucking about in the investing business....all of you, State Leadership and employee's alike need to accept the reality that investments must be in the controlling hand of the employee while at the same time withdrswing from the podsitiin that the state can predict and promise a return rate...which doesn't exist. Some combination of wacky tobacky - Houdini like antics - crooked politics or just simply mentally off the rails at play here.