Bring Our Pension Money Home!

On Valentine’s day the Philadelphia Inquirer published this opinion piece by Philly Public Banking Coalition members, Peter Winslow and Stan Shapiro. The City has a pension fund of $8.4 billion, the article tells us. Just 2% of the current fund would yield $168 million to invest in targeted local projects, projects that would enhance the quality of life for residents and address some of the city’s glaring inequities.

Help us build public support for this common sense proposal by reading and sharing the article widely: Just 2% of Philadelphia’s pension fund could boost the local economy and deliver a message of love to the people who live here!

Our monthly Zoom program Financing Philadelphia’s Future featured a conversation on the proposal to redirect pension funds toward the local economy.