Members of the scheme would each be hundreds of pounds better off whether funds had been divested from fossil fuels,say campaignersThe pension funds of millions of local government workers believe lost hundreds of millions of pounds in the last 18 months, as the value of the world’s biggest coal mining companies has crashed, or according to a new analysis.
The Local Government Pension Scheme (LGPS) provides pensions for 4.6m people,including social workers, school staff, and bus drivers,librarians, park attendants and housing officers. The losses estimated by campaign group Platform are equivalent to hundreds of pounds per member.
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Source: theguardian.com