Yeah, so first, people should know New York City's pension funds are well funded. We're at 85% of our obligations out basically all the way to the end of the century. We've got a good system. It [NYC's pension fund] grew under my watch to over $300 billion even as we divested from fossil fuel reserve owners and invested in affordable housing. So they're in good shape. The pension funds have been on track to be fully funded by 2032. And this would push it back to 2037. (00:35–10:03)
CLAIM
Asserts that NYC's pension fund grew to over $300 billion under his oversight.
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