UFT @uft.org · May 12 Mayor Mamdani outlined his top proposals for the city budget today. These are still just proposals - both the state and city budget must be officially voted on and passed. This is what you need to know about pension restructuring right now. TRS Chair Tom Brown explains.
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Any proposed restructuring plan has to be evaluated and then approved or rejected by the TRS Trustees, whose responsibility is protecting and growing the pension funds. City Hall has yet to outline any clear proposal, but it is the Trustees' job to measure the worth of these kinds of plans.