Divesting a public retirement plan of fossil-fuel based investments in order to allocate more to "green" investments, is speculative and "insufficient to trigger judicial intervention"

Recipients of a defined benefit to be provided by a New York State public retirement plan were entitled to receive a "fixed payment each month" that did "not fluctuate with the value of the plan or because of the plan fiduciaries’ good or bad investment decisions". Plaintiffs in this action contended the Retirement Systems breached its fiduciary duties as plan trustees by divesting…