All Five NYC Pensions to Sell Russian Assets Over Ukraine War
- Firefighters vote to divest, though trading halts cloud timing
- Current value of assets is unknowable, city comptroller says
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All five of New York City’s pension funds have now voted to sell their Russian securities to protest the Ukraine invasion, with firefighters moving to dump almost $20 million of assets.
The vote follows similar decisions by pension systems for the police department, teachers, the Board of Education and city employees, according to a statement Thursday from the city comptroller’s office.