NYC Teachers' Fund Pledges $1 Billion in Sandy Aid

The pension fund money will go to projects that affect transportation, power, water, communications and housing

Friday, Dec 14, 2012  |  Updated 6:55 AM EDT
View Comments (
)
|
Email
|
Print
NYC Teachers' Fund Pledges $1 Billion in Sandy Aid

advertisement

A pension fund for New York City's teachers is pledging $1 billion in new investments toward repairing roads and bridges damaged by Sandy and other infrastructure projects.
 
The New York City Teachers Retirement System is making the pledge through a project of the Clinton Global Initiative, started by former President Bill Clinton in 2005.

  Clinton made the announcement Thursday.
 
The pension fund money will go to projects that affect transportation, power, water, communications and housing in New York City and the surrounding metropolitan region.
 
The teachers' pension fund manages assets of about $46 billion for 110,000 current members and 80,000 retirees.

Get the latest from NBC 4 New York anywhere, anytimeiPhone/iPad App | SMS AlertsTwitter | Facebook | Google+ | Instagram | RSS

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Follow us on Instagram!
We post photos taken by our news... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out