NY pension fund seeks political spending reports

PHOTOGRAPHER: The Associated Press

New York’s $176.2 billion pension fund for public workers this year has proposed 29 corporations more thoroughly disclose their political spending.

Three have agreed to do it: Comcast, Peabody Energy and CF Industries.

New York Comptroller Thomas DiNapoli, the fund’s trustee, says the proposal has received majority approval despite board opposition at Valero Energy and Dean Foods.

At six others, it got at least one-third support.

The proposal calls for annual reporting of spending on candidates, political parties, ballot measures, direct or indirect state and federal lobbying and to any trade associations used for political purposes.

The resolutions are non-binding.