Word: pensionable
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...Harvard alumna, now a Illinois State Senator, will present a bill this week that would require banks, pension funds, and the retirement system in Illinois to divest from companies with ties to the Sudanese government...
...would also prevent the state’s retirement system and pension funds from investing in companies with ties to the Sudan...
According to Jesse A. Sage ’98, associate director of the American Anti-Slavery group, $1.4 billion of the Massachusetts Pension fund has already been invested in companies doing business in Sudan...
Yesterday, Massachusetts state senator Andrea F. Nuciforo Jr. announced that he will file legislation in March requiring the Commonwealth to divest its pension funds from international companies doing business with Sudan...
...problem, however, does not end with Harvard—even the Massachusetts Pension Reserves Investment Management Board has invested over $1.4 billion in companies operating in Sudan, while the Boston Retirement System has invested $62 million, according to DivestSudan.org. However, the Massachusetts legislature is currently considering legislation that would divest all state-owned investments in Sudan...