Your Retirement is NOT Funding Terror
Here's an interesting story in the Christian Science Montitor about the politics of state employee pension funds -- and where they're being invested. This first ...
Here's an interesting story in the Christian Science Montitor about the politics of state employee pension funds -- and where they're being invested.
This first came to my attention a couple years ago, when human rights groups began calling for state pension funds to divest from companies that do business with Sudan.
Now, though, states are increasingly moving their pension investments from companies dealing with countries that the US considers state sponsors of terror:
"This is an empowering action for Americans who have looked for a way to do their part about terrorism and the countries sponsoring it," says Missouri state treasurer, Sarah Steelman, whose efforts have resulted in what is considered the first state-level "terror-free" financial-management program. ...
"Terror-free investment is a train that we believe is picking up steam," says Frank Gaffney, president of the Center for Security Policy in Washington and a force behind the effort. He says analysis of the largest pension funds in the US shows that about a fifth of their portfolios are in companies doing business in countries listed by the US as state sponsors of terrorism: Cuba, Iran, North Korea, Sudan, and Syria.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
The Impact of New Overtime Rules on Government13 hours ago
Florida Governor to Lead Pro-Trump Super PAC15 hours ago
One of Nation's Toughest Unemployment Laws Ruled Unconstitutional15 hours ago
S&P Downgrades Kansas' Credit Rating, Again16 hours ago
North Carolina Creates a Charter School-Run District17 hours ago
Corrupt Sheriff the First Ousted in Almost 50 Years in Alabama17 hours ago