I'd rather the City spend the money on the cops who work and die to keep the streets safe, than the City paying for other padded departments, illegal aliens, and whatever other $hit programs the Democrats spend the money on, like painting murals in streets. New York's City Council has 3 Republicans on it. 47 are Democrats. It's the Democrats in these big cities that negotiate, and sign the Union contracts in all these Democrat-run cities. That isn't the cops faults. Democrats can't be trusted with anyone's money.
Besides, Cuomo, Bloomberg and other State officials claimed they fixed the pension problem back in 2012:
Governor Cuomo Signs Law to Enact Major Pension Reform
So what's to worry?