Category Archives: Uncategorized

California’s Expensive Pension Problem

It’s no secret that California has a serious pension problem that is weighing on the state’s budget with its massive unfunded liabilities growing by the day. The Association of California Cities – Orange County (ACC-OC) recently published a study on the current state of California pensions and the results are far from golden.

The group found that for the third year in a row, the California Public Employees’ Retirement System (CalPERS) failed to produce the revenues to meet its current … Read More

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NY Divestment Act Good for Pensioners? Comptroller Tom DiNapoli Says No.

Is a symbolic win for some in the environmental movement worth a financial desolation for one million New York state pensioners and their families? This is the question that New York lawmakers must consider when casting a vote for the Fossil Fuel Divestment Act.  And this question was explored in a recent Albany Times Union column exploring this issue.

The Act argues, “Divestment is financially prudent, morally imperative, responsible policy making,” but how can our legislatures claim moral, responsible policy … Read More

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Johns Hopkins Finance Professor Jeff Hooke Wary of Montgomery County Divestment Bill

In a recent column in The Montgomery County Sentinel, Jeff Hooke, a finance professor at Johns Hopkins University, commented on a debate that has taken root in Maryland’s Montgomery County – divestment of the employee pension fund from fossil fuel investments.

In a bill presented to the Montgomery County Council, the employee pension fund is under threat for being politicized by opposition groups who seek to have their green agenda fulfilled through divestiture measures. Ironically these actions do not … Read More

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Shalom Klein Gives His Opinion on Divestment

Coalition member Shalom Klein gives a breakdown of how harmful divestment action can be on university endowments and pensions.

You can read the original post and learn about other issues impacting our nation on his blog.

I don’t want to see university endowment funds divest from fossil fuel!

  • Recently universities and pension managers have been making headlines as they consider divesting their funds from certain investments, specifically fossil fuel stocks, bonds, and other investments. Illinois universities, in particular, has
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