Borough President Brewer issued the following statement today, after the NYC Employee Retirement System’s board voted to divest from gun retailers:
“Today we’ve made a prudent decision that contributes to the growing movement against gun violence while advancing the interests of city pension beneficiaries and New York City as a whole. Gun manufacturers’ and gun merchants’ long-term business model is growing the demand for deadly weapons, then selling those weapons to people who usually don’t need them and often shouldn’t have them. It may be a big-money business today, but it’s a bad investment for the future.”