New report warns BDS-aligned NYC pension policy could cost $37 billion

A joint report by the Anti-Defamation League and JLens estimates that New York City pension funds could lose more than $37 billion over the next decade if Mayor Zohran Mamdani’s policy of boycotting U.S. companies tied to Israel is implemented, Israel Hayom reports. The analysis compared a diversified investment model with one excluding 47 major corporations flagged by the BDS movement — including Alphabet, Amazon, and Microsoft — and found the exclusion track would significantly underperform.

The report, commissioned by the Anti-Defamation League and investment advisory group JLens and reviewed by Columbia law and markets professor Joshua Mitts, was first reported in Israel Hayom. It models two investment scenarios for New York City's public pension funds — one with broad exposure to leading U.S. companies, another excluding 47 large corporations targeted by the BDS movement for their business ties to Israel, including Alphabet (Google), Amazon, and Microsoft. Over a decade, the exclusion model would underperform by a margin resulting in an estimated $37.55 billion reduction in retirement savings for hundreds of thousands of city workers and retirees. The teachers' pension fund alone would lose more than $15 billion, with significant losses also projected for funds covering municipal employees, police, firefighters, and the education system. Mayor Zohran Mamdani, who took office in 2026, has pushed to align city investment policy with the BDS movement's calls for divestment from Israel-related holdings. The report's authors argue the policy would impose what they term a 'Madani tariff' — a financial penalty borne by pensioners rather than the mayor or city administration. As The Zioneer reported earlier today, the Israel Hayom coverage characterized the projected losses as a heavy cost to the city for 'ignoring Israeli supply-chain alternatives.'

2 developments

1. 08:32 · 11 JunLatest

   ADL report specifies 47 corporations flagged by BDS movement would be excluded.

2. 17:31 · 10 Jun

   New report warns BDS-aligned NYC pension policy could cost $37 billion

• Developing16:48 · 10 JunIsrael Hayom: New York will pay heavy 'madani tariff' ignoring Israeli supply chain alternatives
• Developing14:23 · 11 JunNew York Governor Hochul tells Zahran Madani: no more state funds, manage on your own
• Developing02:22 · 8 JunNew Recommendations to Allocate NIS 2 Billion Annually for IDF Disabled Veterans
• Developing5 days ago · 20:08 · 16 JunNet emigration of 140,000 Israelis over three years, Knesset warned of strategic danger

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