Research and Analysis
POLITICS OVER PERFORMANCE: The Politicization of the New York City Retirement Systems
ACCF Corp Gov
Tim Doyle Vice President of Policy & General Counsel
U.S. public pension systems were born in New York City, starting with an 1857 plan to pay police officers injured on the job. Over the next few decades, New York City pension eligibility spread to include firefighters and teachers, and eventually evolved into the current practice of providing beneficiaries...
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Fossil Fuel Divestment Impact on New York State Pensions
Commissioned by: Suffolk AME, INC
Climate change is real. It has a profound effect on how people engage with the environment in their everyday lives. As a result, the role climate change has on the global economy has become a key factor when evaluating and planning future investments in sector-based and diversified holdings in...
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Fossil Fuel Divestment and Public Pension Funds
Divestment Facts
Prof. Daniel R. Fischel President and Chairman, Compass Lexecon Christopher R. Fiore Vice President, Compass Lexecon Todd D. Kendall Executive Vice President, Compass Lexecon
The fossil fuel divestment movement promises that the problem of climate change can be ameliorated if investors in certain companies refuse to hold the securities of those companies in their portfolios. In 2015, Professor Fischel, an author of this report, released a study examining this claim from an economic...
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