pension

DC 37 Stands With Spectrum Strikers

December 10, 2018 // 0 Comments

By GREGORY N. HEIRES Striking workers stepped up the pressure on Charter Communications to return to the bargaining table as the labor dispute drags on. Some 1,800 members of Local 3, a chapter of the International Brotherhood of Electrical Workers, are in a bitter fight over the cable TV giant’s plan to gut their health and retirement benefits. Because of the dispute, a number of workers have depleted their household savings, sold their homes, while others have become homeless. Since the strike began in March 2017, the union counted on the support of New York’s unions and many elected officials, including Gov. Andrew Cuomo and New York City Mayor Bill de Blasio. Hundreds of electrical workers and supporters, including a contingent of DC 37 activists, turned out Dec. 5 for a major demonstration at Charter Communications’ headquarters in Manhattan. The Spectrum cable company — a [More...]

Union, City Set Pension Investment Goals

October 15, 2018 // 0 Comments

By DIANE S. WILLIAMS At a press conference on Sept. 13, Mayor Bill de Blasio and City Comptroller Scott Stringer announced the New York City pension fund goal to invest $4 billion in clean energy and other climate change solutions by 2021. “New York City leads from the front when it comes to the fight against climate change,” said de Blasio. “We’re taking a stand for generations to come with our goal to double our pension investments in job-creating climate solutions. I know that other cities will look to our example, and I implore them to join us.” The mayor said NYCERS new goal doubles investments in climate change solutions to $4 billion, or 2 percent of the city’s $195 billion pension portfolio over the next three years. “This is an important step in finding clean energy solutions,” said Henry Garrido, executive director of DC 37. “I applaud the Mayor and [More...]

Our Pensions and Renewable Energy

October 9, 2018 // 1 Comment

By HENRY GARRIDO Executive Director, District Council 37, AFSCME, AFL-CIO NEW York City Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the city’s pension funds recently announced a new goal to double the funds’ investments in climate change solutions to $4 billion, or 2 percent of the city’s $195 billion pension portfolio, over the next three years. This plan builds upon an earlier announcement to divest city pension funds from fossil fuels within five years. Opponents have engaged in scare tactics. In recent months, the Daily News has published two hyperbolic op-ed pieces criticizing these moves and falsely assailing the motives behind them. On the internet, opponents exploit the anxieties of pensioners and urge them to sign a petition, essentially just saying no to the future. Safeguarding our retirement As a trustee of the New York City Employees [More...]