Home > Foreign Policy, General Assembly, State Government > Why condemn terror….

Why condemn terror….

when there’s money to be made? From Pensions and Investments Online:

Virginia Retirement System board members oppose two bills in the state Legislature that would require the $42 billion system to divest from investments in Iran, Syria, Sudan and North Korea, saying they would force the Richmond-based system to violate its fiduciary duty to invest solely in the interests of plan participants.

I can certainly understand the desire of plan managers to earn the most for their clients, but there’s also the little matter of morality. Governments have a moral obligation not to fund (regardless of how far removed they are) those who wish to do harm to their citizens and those who defend them.

Tell your Delegate or Senator to support Delegate Todd Gilbert’s HB2357, which require the Virginia Retirement System to divest itself from those businesses which are engaged in business with state sponsors of terrorism.

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