FRESNO, Calif. (KMJ) — The California Public Employees Retirement System says it’s concerned about pending legislation, which would pressure the $310 billion fund to divest from certain projects, including the proposed wall along the U.S.-Mexico border, and the Dakota Access Pipeline.
Top officers tell the Sac Bee they worry that divesting from companies working on those controversial projects, would harm taxpayers, who would have to pay more for benefits.
The cash-strapped CalPERS and smaller CalSTRS typically avoid divestment, although CalPERS did pull out of tobacco investments, back in December.
