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2 of NYC’s 5 public pension funds are vulnerable to a mayor-backed Israel divestment push

The man who is likely to be New York City’s top finance watchdog under Zohran Mamdani — assuming they both win their races on Tuesday — has said he does not believe Mamdani could divest the city’s pension funds of their investments in Israel.

“Just doesn’t have the votes for that,” Mark Levine, the likely next comptroller, told the Jewish Telegraphic Agency in September.

But in fact, Mamdani would be able to stack the boards of two of the city’s five pension funds such that divestment from Israel could be on the table, according to a JTA analysis — and some of Mamdani’s supporters say they are optimistic.

“We have hope in a Mamdani administration,” said Leah Plasse, a school-based social worker who has been lobbying for two years for the Teachers’ Retirement System to divest from Israeli assets.

As the election draws close and Mamdani maintains his lead in the polls, Jewish New Yorkers are wondering about how a mayor who is a longstanding supporter of the Boycott, Divestment and Sanctions movement against Israel could enact his vision in New York City. 

Mamdani has stated his intention not to invest city funds in Israel bonds, in keeping with the current comptroller’s decision not to reinvest when $39 million in bonds matured in 2023. 

But the city’s pension funds hold Israel investments beyond Israel bonds, which are issued by the Israeli government. The BDS movement calls for divesting from “all Israeli and international companies that sustain Israeli apartheid” — expanding targets to include most Israeli companies as well as non-Israeli companies that do business with the Israeli government. 

The Teachers’ Retirement System’s Israeli investments include military technology companies — which Plasse and the group NYC Educators for Palestine have honed in on — as well as a variety of businesses like energy companies, food manufacturers and fuel companies.

Altogether, the city’s five public pension funds contain approximately $315 million in Israeli assets, according to the comptroller’s office. Mamdani has not indicated an intention to push for full divestment, but he also has not denied the possibility when asked.

Asked about doing so in a JTA questionnaire last week, Mamdani responded, “I support the approach of the current comptroller, Brad Lander, to end the practice of purchasing Israel bonds in our pension funds, which we do not do for any other nation.” He also did not specifically respond to part of that question which asked how else he might advance the cause of BDS as mayor. 

What’s clear is that if Mamdani chose to make divestment a priority, pathways exist within the city’s pension fund management where headway could be possible.

For each of the city’s five pension funds to make any investment decisions, its board of trustees must vote in favor. Those boards vary in size, but typically consist of the comptroller, an appointee by the mayor and a number of labor representatives. Recommendations are made to those boards by the comptroller’s in-house Bureau of Asset Management.

Levine emphasized that a mayor could not “singlehandedly” overrule the comptroller’s recommendations to divest from Israel. But on boards where the mayor has more influence over the makeup of the trustees, the mayor could do so with the help of his or her appointees.

The Board of Education Retirement System, for example, has a 28-person board of trustees — a 15-person majority of whom are appointed by the mayor. Of those 15 mayoral appointees, one is the schools chancellor, one is an independent appointee, and the other 13 are the mayoral appointees on the city’s Panel for Educational Policy. (Mamdani has said he wants to reduce the influence of the mayor on the PEP.) The number of votes required to pass a resolution in the BERS is 15, though that figure must include one of the board’s two employee-elected members.

The board of the Teachers’ Retirement System, meanwhile, consists of seven members, and requires four votes to pass a resolution. Three of the members are mayoral appointees, one represents the city comptroller, and the other three are elected by the teachers on staggered three-year terms. 

The three teacher members on the board now are all drawn from the teachers union’s leadership caucus. The union, the United Federation of Teachers, endorsed Mamdani.

The other three pension funds — for police, firefighters and city employees — are less susceptible to mayoral influence because the mayor appoints a smaller proportion of members.

While the movement to boycott Israel has called for divestment since 2005, advocacy has ramped up in many places in the last two years during the Israel-Hamas war in Gaza. In New York City, pro-Palestinian advocacy groups have gained little traction under an Eric Adams mayoral administration that is not sympathetic to their activism. 

In fact, the Teachers’ Retirement System board has been resistant to advocacy for divestment, according to Plasse, who noted that the board “voted to close the public comment period after 1.5 years of us coming to speak about divesting our pension.” 

Plasse said she was told this change was made for the sake of consistency, as no other pension funds’ board meetings include public comment periods. But she said it felt “quite clear” the real reasoning was to stifle her and her group’s “continued advocacy.”

Indeed, groups such as NYC Educators for Palestine and Workers for Palestine have regularly sent representatives to the public meetings of the pension boards. In public comments, the activists have pointed to examples like the city’s divestment from South African businesses in the 1980s, and more recently, the funds’ unilateral decision to divest from Russian securities in 2022, to show a precedent.

“And just on a personal note, before the holidays, as a Jew, before Hanukkah begins, I truly believe in tikkun olam, which is the repairing of the world,” Plasse said in the public comment period of a December 2024 board meeting of the Teachers’ Retirement System, according to meeting minutes. “We are funding genocide. That is against my faith.”

Any effort to divest from Israel would likely butt up against Levine, who is expected to win the race for comptroller. Levine, who is Jewish, endorsed Mamdani but has said he wants the city to resume investing in Israel bonds. NYC Educators for Palestine joined the anti-Zionist group Jewish Voice for Peace outside Levine’s office last week for a protest they named “Break the Bonds,” calling his intention to invest in Israel bonds one that puts “deadly politics over the interests of working New Yorkers.”

Levine, however, says he isn’t motivated by pro-Israel sentiment. The investments, he notes, have always been sound for the city. (Levine’s campaign did not respond to requests for a follow-up interview.)

That means the issue of Israeli investments — which, according to Levine, are a sturdy piece of an investment portfolio that serves more than 750,000 New Yorkers — could bring some of Mamdani’s deeply held values into conflict. In response to JTA’s question on divestment, he emphasized the central promises of his campaign. 

“My priority as mayor will be to deliver on the affordability agenda I ran on: freezing the rent, universal childcare, and fast and free buses,” Mamdani answered. “That will always be the core of my administration.”

And advocates for divestment say they won’t stop pushing the case before the pension boards. At October’s Teachers’ Retirement System board meeting, Plasse handed out a written statement calling for an investment analysis and declaring that her group would be undeterred by the board’s repeated denials. 

“I am more than open to meet with anyone about anything that has been discussed here today,” the statement read. “But please know, we are only becoming more embolden [sic] to demand this change. This is our money and the time will come.”


The post 2 of NYC’s 5 public pension funds are vulnerable to a mayor-backed Israel divestment push appeared first on Jewish Telegraphic Agency.

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In the depths of Tel Aviv’s bus station, a fragile refuge for those with nowhere else to go during war

(JTA) — TEL AVIV — Two floors underground, past dumpsters and oil-laden puddles, through a reinforced Cold War-era door, a bomb shelter is buried underneath Tel Aviv’s Central Bus Station.

Built in 1993 to accommodate more than 16,000 Israelis, the shelter found a new life during the Israel-Iran war as a public refuge for residents of Neve Shaanan, among Tel Aviv’s most diverse neighborhoods and one of its poorest, home mainly to asylum seekers and foreign workers.

With few other options for public shelters in south Tel Aviv, residents pitched tents in the squalor of a space that had fallen into disrepair — with pipes dripping and rats scurrying — for more than 38 days as Israel and Iran exchanged missile fire until a ceasefire that began on April 8 halted the fighting.

“It’s very difficult. Not just because of the war, but because of the conditions we’re living in,” Gloria Arca, who took refuge inside the shelter with her son, Noam, said in Spanish during an interview in April. “We’re protected from the missiles, but inside we’re not safe.”

For many Israelis, the bus station occupies a space that balances between nostalgia and revulsion. Until 2018, the station was a main node for travel into and out of Tel Aviv. Since then, ridership has dropped, and now the hulking structure is seen as little more than an eyesore. During Israel’s 12-day war with Iran last year, a short video by Israeli comedians went viral for sharing the station’s GPS coordinates in a video that jokingly urged Iran, “Please don’t bomb this bus station.”

Yet the station also offers a concrete window into Israel’s widening reliance on foreign workers, which has surged in the wake of the Oct. 7, 2023, Hamas attacks.

When there is no war on, the shelter functions as a community center, complete with a Filipino church, a refugee health clinic, and retailers catering to customers in more than a dozen languages.

During wartime, the station takes on a new and vitally important role as a shelter for those who have none in their homes or neighborhoods, no family in the country whose homes they can flee to and little ability to pay for temporary accommodations somewhere safer.

Arca, who came to Israel more than two decades ago from Colombia and is in the country legally, knew that it would take her and Noam more than 10 minutes to get to a shelter from their home — longer than Israel’s advanced missile warning system allows. So they decided to move into the bus station, pitching a tent alongside some of their neighbors.

Depending on the day, more than 200 residents spent their nights in the shelter during the war, according to Sigal Rozen, public policy coordinator at the Hotline for Refugees and Migrants.

“It’s not easy, especially with young children and families with special needs,” she said. “You can’t get up in the middle of the night and just run.”

The Hotline, with funding from the Tel Aviv Municipality, worked to improve conditions in the shelter, but the starting point was dire. During a visit in April, rats could be seen scurrying across newly installed artificial turf meant to brighten the space, and mosquitoes landed on visitors’ ankles before being chased off.

More than anything, Arca worries about safety in the shelter — but not from the war. “We’re protected from the missiles, but inside, we’re not safe,” she said. “Security is there, but they don’t do their job. Drug users come in and use the bathrooms. There are many children here, and we’re afraid.”

The challenging conditions were nothing new to many of the people who moved in, who represent an often unseen but growing sector of workers in Israel.

The category of “foreign worker,”  a term used in Israel to describe non-citizen laborers, most of them from countries such as the Philippines, India, and Thailand, who enter the country on temporary work visas tied to a specific employer, has long been a fraught designation.

Dominant in some industries, such as home health care, where there are so many foreign workers that the role is known as “filipina” in Hebrew, foreign workers have taken on greater shares of other sectors in recent years, particularly after Israel banned Palestinian workers from Gaza and the West Bank after the Hamas-led Oct. 7 attack. With Israelis increasingly reluctant to take low-paying manual labor jobs, the Israeli government has moved to fill the gap by permitting employers to hire more foreign workers.

Israel’s foreign worker population rose by 41% in 2024 alone to more than 156,000. By 2025, the total had reached 227,044. It is expected to grow even more in the coming years, as the government has set a ceiling of 300,000 workers.

For many Israelis, footage that circulated after the ceasefire showing long lines of foreign workers arriving at newly reopened government offices to renew their visas offered a stark illustration of the growing sector.

It is not uncommon around the world for people from impoverished countries to migrate to countries with more work and higher pay. For the workers, occupying a tenuous legal status can be worth it to be able to support their families, send their children to stronger schools and earn wages on a different scale than in their home countries.

Evelyn, a Filipina caregiver sheltering with her three children beneath the Central Bus Station, declined to give her last name out of fear of deportation. “In Israel, I can earn 10 times what I do in the Philippines. So I have money to send back to my family — not just taking care of my kids here, but my parents in Manila.”

But advocates for the workers say foreign worker status, and Israel’s increasing reliance on foreign workers, creates conditions that are ripe for abuse. Ohad Amar, executive director of Kav LaOved, a nonprofit that works to uphold equal labor rights for all workers in Israel, said the workers are “enduring conditions akin to modern slavery.”

Many foreign worker visas in Israel are tied to a specific employer and are non-transferable. Kav LaOved has documented numerous cases of delayed or unpaid wages, as well as workers who feel pressured to remain silent about abuse from their employers lest they lose their immigration status.

“Israel had not relied on migrant workers in the same way before. This is the first time at this scale,” Amar said. “Every day we are getting reports of workers’ rights violations, and we are completely overwhelmed.”

During wartime, foreign workers are frequently exposed to Israel’s unique dangers in extreme ways. On Oct. 7, as sirens blared, foreign workers were slaughtered in the fields of kibbutzes near Gaza. During the most recent war, videos circulated online of construction workers from China who filmed themselves stranded high in the air during missile barrages, afraid and without protection.

The first death in the latest round of fighting with Iran was Mary Anne Velasquez de Vera, a foreign worker in Israel from the Philippines. At the end of March, two other foreign workers were killed by a Hezbollah rocket while working in a field in northern Israel after they were unable to reach shelter.

Feeling physically vulnerable is an experience many foreign workers in Israel know well. Evelyn, a migrant from the Philippines who slept in the bus station with her children during the war, described how, in an industry as intimate as caregiving, working with elderly people who struggle to make it to a shelter, workers can feel pressured to stay in the building during an attack.

“They can’t exactly tell their employer they left grandma in the building during a missile attack, because they’ll get fired and lose their visa,” Amar said.

Some of the risks are much less visible. Evelyn was out of work as a housekeeper for the duration of the war, when her employer, an elderly woman, left the country. She lived on donations from community members and civil society organizations.

“Here is still better than back home,” she said. “But we are all struggling, and not just because of the shelter. If I can’t start working soon, I really don’t know what I will do.”

Workers like Evelyn who lack work visas must rely on informal employment, making them ineligible for compensation from Bituach Leumi, Israel’s national workers’ insurance, when they go unpaid. But having a visa did not solve the challenges of war, Rozen said.

The threat of losing their visa if they lose their employment hangs over the heads of the workers, forcing them into difficult decisions, like whether to leave their children with volunteers at the shelter or alone at home.

“Even those who still have work face a problem. If a single mother has children and there’s no school, where does she leave them? She can’t bring them along when there’s an alarm,” Rozen said. “So even when work exists, many can’t do it.”

She said the war had offered a glimpse into the as-yet-unaddressed challenges that come along with Israel’s increasing reliance on importing labor from abroad. The country’s labor market didn’t come to a standstill, as was the case in other countries in the region such as the United Arab Emirates where the vast majority of workers are migrants who tried to leave, but for Rozen, something new and troubling was laid bare.

“If you don’t want foreigners here, then don’t recruit them,” Rozen said. “But you can’t recruit them, triple their numbers, and then expect them to disappear when there’s a war.”

The post In the depths of Tel Aviv’s bus station, a fragile refuge for those with nowhere else to go during war appeared first on The Forward.

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Nearly half of young Americans view US relationship with Israel as a burden, survey finds

(JTA) — Nearly half of young Americans, 46%, believe that the United States’ relationship with Israel is mostly a burden to the United States, according to a new survey from the Institute of Politics at the Harvard Kennedy School.

The Harvard Youth Poll, which polled 2,018 Americans aged 18 to 29, found that just 16% of those surveyed described the U.S. relationship with Israel as mostly a benefit.

Respondents were asked about their view of other U.S. alliances, including Canada, which 53% saw as beneficial, and Ukraine, which 21% saw as beneficial. Israel received the lowest perceived benefit of any country tested.

The survey also found that 55% of young Americans believe the U.S. military action in Iran is not in the best interest of the American people.

It comes as attitudes about Israel among young Americans in recent years have grown sharply negative. Earlier this month, a Pew Research Center survey found that 70% of Americans aged 18 to 49 held a somewhat or very negative opinion of Israel. That view was split among partisan lines, with 84% of Democrats in that demographic holding a negative view of Israel, compared to 57% of Republicans.

The Harvard survey was conducted by Ipsos Public Affairs between March 26 and April 3 and had a margin of error of 2.74 percentage points.

The post Nearly half of young Americans view US relationship with Israel as a burden, survey finds appeared first on The Forward.

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Long Island father and teen son arrested after investigation into swastika drawn in school bathroom

(JTA) — A father and his teenage son were arrested Wednesday after an investigation into swastika graffiti at the teen’s school led police to search their home, where authorities said they found chemicals used to make explosives.

The arrests stemmed from an investigation into swastika graffiti found in a boys’ bathroom at Syosset High School on Long Island. After police determined that a 15-year-old student had drawn the swastika, the Nassau County Police Department sent officers to his home.

There, the teen told the officers about the explosive materials, according to prosecutors. He said his father had purchased the chemicals for him to build rockets.

During the subsequent search of the home, police found “highly unstable” materials that had been combined to make explosives, including nitroglycerin, multiple acids, oxidizers and fuels. They began to evacuate people in adjacent homes, fearing an explosion.

The teen was not identified by police due to his age. Francisco Sanles, 48, who was arrested at the scene, has pleaded not guilty to seven criminal counts, including criminal possession of a weapon and endangering the welfare of a child. His son was charged with five counts, including criminal possession of a weapon, criminal mischief, aggravated harassment and making graffiti.

Swastika graffiti is relatively commonplace in schools, with the Anti-Defamation League reporting over 400 incidents in 2024: Syosset High School itself was hit by a spate of antisemitic graffiti, including swastikas, in 2017. But it is relatively rare that incidents result in arrests.

In an email to the school district Wednesday night, the Syosset School District — which enrolls a large number of Jewish students — said its investigation had identified the student for the police, and he would face “serious consequences pursuant to the District’s Code of Conduct.”

“Antisemitism and hate speech have no place in our communities or in our schools,” the district said. “Syosset has long been proud of being a welcoming, empathetic, and inclusive community and those values remain firm. We protect those values and this community by confronting and holding accountable those who traffic in any form of hate.”

In January, New York City Police arrested and charged two 15-year-old boys suspected of spraying dozens of swastikas on a playground in a heavily Jewish Brooklyn neighborhood with aggravated harassment and criminal mischief as a hate crime.

The post Long Island father and teen son arrested after investigation into swastika drawn in school bathroom appeared first on The Forward.

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