News

NYC teachers’ fund pledges $1 billion in Sandy aid

By Laura Devaney
December 14th, 2012

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

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About the Author:

Laura Devaney

Laura Devaney is the Director of News for eSchool Media. She is a graduate of the University of Maryland's Philip Merrill College of Journalism. When she isn't wrangling her two children, Laura enjoys running, photography, home improvement, and rooting for the Terps. Find Laura on Twitter: @eSN_Laura http://twitter.com/eSN_Laura