Jen Sidorova is a policy analyst with Reason Foundation's Pension Integrity Project.
Sidorova holds Master of Arts degrees in economics and political science from Stony Brook University.
Investment performance falling short of return assumptions has been the largest contributor to the public pension plan's growing debt, adding $7.6 billion in unfunded liabilities since 2008.
Underperforming investment returns have been the biggest contributor to the growing unfunded liability, adding $6.8 billion in debt to the system since 2001.
Better risk management and more realistic plan assumptions can help ensure the state delivers the promised retirement benefits to its employees.