The trustees of the New York City Teachers’ Retirement System (TRS) voted March 7 to “prudently divest” from Russian securities to stand in solidarity with Ukraine during the current conflict in Eastern Europe.
The NYC Teachers’ Retirement System holds about $90 million in Russian securities out of the $104 billion total TRS portfolio.
United Federation of Teachers (UFT) President Michael Mulgrew along with fellow colleagues applauded the decision to depart from Russian securities, emphasizing the importance of standing up for those impacted by the crisis in Ukraine.
