Posts tagged New York City Employees’ Retirement System
NYC Employee Pension Payments Cross $6 billion; 70 Members Collect $200k+
June 21, 2025 // The pension plan covering most New York City government agencies, including the City’s subway system, had 70 members with pension payments of at least $200,000 last year, almost quadrupling 2019’s tally of 19, according to new data posted today at SeeThroughNY.net, the Empire Center’s transparency website. According to the data collected from the New York City Employees’ Retirement System (NYCERS), total payments climbed to $6.05 billion in 2024, a five percent increase since 2023 ($5.78 billion).
ESG Is a Front for Labor
July 24, 2023 // House Republicans have declared July “ESG month,” planning hearings and bills to push back against politicized environmental, social, and governance investing. Yet so far, lawmakers have almost exclusively focused on environmental issues. Republicans should also pay attention to the “S” in ESG, which labor unions are using to advance their agenda at the expense of workers, their own members, and even taxpayers — a problem that President Biden has significantly worsened. The 2023 proxy season, which started in January and ended in June, shows the union campaign in action. Union funds and their allies, such as the New York City Employees’ Retirement System and like-minded investment managers, introduced many ESG-focused shareholder proposals designed to accelerate unionization. Consider Apple, which was targeted by five New York City pension funds, multiple investment managers, and the SEIU Master Trust Pension Plan, among others.