It 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. I think it's prudent and it means we don't have to cut our libraries or cut affordable housing. We can step up for New Yorkers. You've got to govern well. (10:04–10:12)
CLAIM
Asserts that pension funds were on track to be fully funded by 2032, now delayed to 2037.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
