Word: pensiones
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Almost 100 demonstrators came to show support for a House bill that would force the state’s pension system to divest from companies with operations in Myanmar, formerly Burma. The bill, introduced by State Representative Byron Rushing ’64 (D-Boston), is presently being debated by state legislators...
...state pension fund is invested in Chevron Corp., which has operations in Myanmar, according to Rushing...
...Square protests in 1989, Hu's government has promoted a nationwide antigraft campaign that has brought down a slew of senior officials, including Chen Liangyu, party secretary of Shanghai, who is under arrest and reportedly awaiting sentencing for his alleged role in a scheme that channeled enormous sums in pension funds into private investment. Hu and his close ally Premier Wen Jiabao have also sought to shift growth from the coast to the interior and tackle China's dreadful environmental problems...
Harvard is right to use the divestment tool cautiously. Because its divestment decisions are carefully considered, Harvard wields a profound influence over other institutional investors. The University’s divestment from PetroChina in 2005 sent ripples through the world of institutional investment; since then, 20 state pension funds and more than 50 university endowments have followed Harvard’s lead...
...Square, State Rep. Byron D. Rushing ’64, D-Boston, spoke about House Bill 2729, which he introduced recently. Known as the Massachusetts Burma Bill, the legislation would allow the Massachusetts Pension Reserves Investment Management Board to urge companies to stop doing business in Myanmar and to suspend state pension fund investments in companies that are doing business in the country until a democratically elected government comes to power...