As New York City approaches election season, a grassroots movement demands candidates to additionally commit to divesting the city pension funds from Israeli investments. Despite promising fossil fuel divestment, advocates argue that the city's investments in Israeli securities undermine moral integrity and contribute to humanitarian crises. With over $115 million tied up in Israeli stocks, the call emphasizes the importance of aligning city investments with ethical stances, particularly regarding Israel’s contentious actions and the characterization of its governance as apartheid. Accountability and ethical considerations in city funding are central themes in this debate.
As current city workers, we believe that all citywide candidates, especially those with representation on NYCERS Board, should commit to divesting from Israeli securities.
Even if we fully divest from fossil fuel, our pension funds remain morally compromised due to existing investments in Israeli stocks and bonds.
New York City’s pension funds invest over $115 million in Israeli securities, which fund Israel's military actions and the ongoing occupation of Palestinian lands.
New York City should not financially support a country described as an apartheid state with leaders facing ICC arrest warrants for war crimes.
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