Brooklyn Eagle
Michael Carrube and Daniel C. Levler
Working men and women, public employees and taxpayers across are deeply concerned about calls from elected officials, including Gov. Andrew Cuomo and New York City Mayor Bill de Blasio, to divest the state and city’s pension funds from fossil fuels.
With the Trump administration’s new tax cuts, which are aimed at economically crippled states like New York, those divestment proposals are playing politics with our retirees’ savings at a time when they can least afford it. They place a priority of politics over performance and contradict the progressive values Cuomo and de Blasio hold dear. In fact, they are regressive.
Some 1.2 million state workers and 730,000 active and retired city workers rely on modest, yet steady pension returns to support themselves and their families after a career of public service.
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