Former mayor — and congressional hopeful — Bill de Blasio is calling out the state teachers union for investing $13 million of its pension funds with firms that manufacture guns and ammo following the shooting massacre of 19 students and two teachers in Uvalde, Texas.
De Blasio is urging both the New York State Teachers Retirement Fund and the NYS Common Retirement Fund representing state and local government workers and retirees — separately overseen by state Comptroller Tom DiNapoli — to divest their holdings in the weapons industry.
The holdings of the two pension funds combined in gun and manufacturing firms add up to $26 million.
The NYS Teachers Retirement Fund has assets in Sturm Ruger, Vista Outdoor Inc. Olin Corp. (Winchester Ammo) and National Presto Industries, records show.
The state comptroller’s office said in a statement that already divested gun companies after Sandy Hook.
Author(s): Carl Campanile
Publication Date: 31 May 2022
Publication Site: NY Post