Essay 1/Question 1: Given the fiduciary duty that the government has to fund the

Essay 1/Question 1:
Given the fiduciary duty that the government has to fund the employees’ pension plan, do you think that the government should maintain or reallocate its investment portfolio? 
If you think it should be maintained as is, explain how the investment allocation is well aligned with the discount rate used to determine total pension liability.
If you think it should be reallocated, explain which category you think should be de-emphasized and what type of asset the money should be reallocated to. (Answer should be 100-150 words)
Essay 2/Question 2:
What course of action do you think should be taken related to this pension plan given the level of funding? In other words if you were a government official with the authority to make substantive changes related to the Pension Plan what would you do? (250-350 words)
Notes:
Many of the Pension Plan ACFRs also contain information about secondary plans or Other Post-Employment Benefits (OPEBs). You only need to enter information for the main pension plan, you may ignore any secondary plans or OPEBs. 
These two questions require written responses and will comprise 40% of the grade for the Pension Plan Project.  Take your time to write on topic, thoughtful, analytical responses based on the data you collected (please see the attached pdf. ACFR-FY23-Final for Employees’ Retirement System of Rhode Island) in the quantitative questions for the project.