NYC’s retirement system divesting from Russia over invasion

NYC’s retirement system divesting from Russia over invasion

NEW YORK (AP) — New York City’s retirement system will be divesting from Russian securities, following votes from all five of the pension funds that make up the system deciding to do so. Comptroller Brad Lander says the final vote came Thursday when the New York City Fire Pension Fund approved a resolution to divest. Pension fund systems for police, city workers, teachers and Board of Education workers had made similar votes in the weeks since Russia invaded Ukraine late last month. The funds had $185.9 million in Russian securities on Feb. 25, the last day the Russian stock market was fully open.

Photo: New York Fire Department Officers march up Fifth Avenue during the St. Patrick’s Day Parade, Thursday, March 17, 2022, in New York. (AP Photo/Eduardo Munoz Alvarez)