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Prudent Pension Move

By RICHARD STEIER
Posted 9/17/18

In joining with Mayor de Blasio and City Comptroller Scott Stringer last week for an announcement that the city’s five retirement systems would be investing 2 percent of their assets in firms and projects meant to cope with climate change, the leaders of the two largest municipal unions framed it as a practical response to a growing danger.

District Council 37 head Henry Garrido spoke of the “responsible analysis” that preceded the move, while United Federation of Teachers President Michael Mulgrew expressed astonishment at those who still question whether climate change is really occurring.

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