NYC teacher pension fund sells stock in gun makers, but keeps the profits

The Washington Examiner reports:

The pension fund for New York City teachers made a bit of a political statement when it announced today that it had sold its stock in gun-makers. “This is the right thing to do,” said Michael Mulgrew, President of the United Federation of Teachers. “After the tragedy at Sandy Hook, we, as educators, had to make sure that guns were not part of our holdings.”

No word yet on when the teachers union pension funds are going to divest from defense contractors like GE because after all their weapons have killed innocent people now and then.