Pension-payment delay (~$1B)

Pension-payment amortization stretch from 2032 obligation date to 2037 — projected $2.3B two-year savings, the third leg of the $12B-deficit-close in the May 12 executive budget. STATUS RISK: PBA + Police Pension Fund publicly refused to agree as of May 22 (City & State, The Chief, Snopes confirm). Requires both municipal union sign-off AND Albany authorization. No labor deal as of Sun May 24. Mamdani insists move is benefit-neutral.