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Cherelle Parker: “By the end of the five year plan, we'll be 80% funded by…”

Featuring: Cherelle Parker, Democratic | Mayor of Philadelphia | Pennsylvania

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Philadelphia Mayor Cherelle Parker Announces Tentative Agreement with District Council 33 Amidst Citywide Strike

Published | Video Starts at 43:18

Because of that, along with the shared sacrifice that our employees in the city made with plan design, we are on track rob to be 80% funded about when? At the end of the first five year plan. By the end of the five year plan, we'll be 80% funded by 2033 and 100% funded by 2023. So when you talk about how, what do you say? 2033. So when you talk about how. Because a lot of people, some people have called and they've shared this about what we should do now and how did we get here? (43:18–43:27)

CLAIM

Asserts that the pension fund will be 80% funded by 2033 and 100% funded by 2023.

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