“In contrast, the pension liability decreased by $8.5 billion due to strong investment returns and the City’s commitment to increase budgetary contributions. In the aggregate the City’s pension funds are now 75.9 percent funded.”
GAO pension funding standard:
“The GAO uses the 80% standard as the limit to what unions, public sector experts, and advocates view as a healthy funding for a pension system. It is frequently quoted by experts discussing planning and financial strategy and has over time become the defacto standard for assessing a plan’s financial health.”
They look like they’re doing pretty well - especially compared to previous decades.
