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New York Pension Systems Sued for Politicizing Public Pension Investments
Reason Foundation 
May 19, 2023 "The lawsuit ... claims the divestment decision inserted political beliefs into investment decisions and thus violated the pension plans' core fiduciary responsibility to maximize investment returns at prudent levels of risk for the plan's beneficiaries. The lawsuit says that putting net-zero emissions goals ... ahead of investment goals breaks the fiduciary agreement in favor of political and social interests." [Wong v. NYCERS, TRS and BERS, No. 652297/2023 (New York County, complaint filed May 11, 2023)] MORE >> |
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