HEH: NY Gov. David Paterson: Public Pension Funds Are About to Implode…And On That Note, I Am Outta Here! “Paterson bequeaths a state pension fund that is $71 billion underfunded to incoming Governor Andrew Cuomo. Nobody knows what ‘immediate action’ Cuomo has in mind to rescue New York’s pension system, but hopefully he’s got something up his sleeve besides the ‘ol tried and failed ‘rob Peter to pay Peter’ gimmick.”