New York City Pension Fund to Divest Itself of Gun Retailer Stock

July 14, 2016
New York City’s employee pension fund will sell all its holdings of three American retailers because they sell guns, and will continue to press ahead in its efforts to get Walmart and a division of the supermarket chain Kroger to remove guns from their store shelves. The $59 billion New York City Employees’ Retirement System voted to divest itself of the shares on Thursday at its board of trustees meeting.

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