The New York City Employees' Retirement System has reinvested $15 million in State of Israel Bonds, city Comptroller John Liu announced Thursday.
This is the system's third direct purchase of State of Israel bonds, according to Liu, a mayoral candidate. It purchased $15 million in bonds from the Development Corporation for Israel in 2008 and renewed that commitment in 2010.
The city's five pension funds combined own $40 million the Israel bonds. The other four are the Teachers' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund, and the Board of Education Retirement System.
They have an estimated $137 billion in assets under management as of June 30.