"We have, for the last six months, been engaging with stakeholders in City and State government and our partners in municipal labor on a vital question we've been raising for years: how to protect both City services and the strength of our retirement funds over the long term.  The Governor's bill will do just that.  By making sensible pension reforms that won't impact a single current employee or existing retiree, this legislation will create $30 billion in savings over the next 30 years for the City, which will ensure we can afford the services and workforce that City residents depend on, and provide a secure retirement for municipal employees long into the future."