If he 'stopped' the contributions, he was only doing so as part of 'righting the ship'. He knows what's going on the the pension funds. He feels that money is better used by the City to stay afloat and be able to participate in a 'Grand Bargain'.
Stopping contributions doesn't exacerbate the shortfall. It may actually help the retirees by enabling the 'Grand Bargain'.
Pouring money towards the funds regardless of the impact on the city might have rather accelerated their collapse.
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