The Massachusetts State Pension Fund is showing a "1-year return of 13.39%,", after a drop of over 23% last year. "Now ranks among top 5% of all public pension funds." Are they on the top of a sinking ship or really returning to fiscal sanity? It's hard to tell if you're not an accountant. State Treasurer Tim Cahill says they're raising employee contributions and reducing benefits, but he still defends the defined benefit plan against a defined contribution plan, saying that the state still needs a "safety net."