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Brad Lander: “The pension funds are long term investments. We have…”

Featuring: Brad Lander, Democratic | New York City Comptroller

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New York City Mayoral Candidate Brad Lander Discusses Congestion Pricing, Ethics Reform, and Housing Initiatives

Published | Video Starts at 14:05

So what if they decide to live in the house for their whole life? Well, the thing is, when does the. Pension fund get the money back? The pension funds are long term investments. We have obligations that go out 30, 40, 50, 60, 70 years. And every year we only need a little of it in cash. This is what investments are. Some of our investments are tied up for decades. (14:05–14:12)

CLAIM

Asserts that pension funds have long-term obligations extending up to 70 years.

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