Free Republic

Published: Sep 20, 2019 Governor directs Department of Finance to create a Climate Investment Framework to leverage the state’s $700 billion CalPERS, CalSTRS and UC Retirement Program portfolio to drive investment toward carbon-neutral technologiesGovernor Newsom also signs legislation strengthening the state’s emissions standards and establishing the nation’s first “smog check” for diesel trucksSACRAMENTO – Just days before global leaders converge in New York City for Climate Week and months after California struck a major agreement with four automakers on vehicle emission standards, Governor Gavin Newsom today signed a landmark executive order to leverage the state’s $700 billion pension investment portfolio...

SPRINGFIELD —— Reg Weaver receives a state pension of $242,657 a year, not because it's based on his last salary as a teacher, but because he gets to count the $300,000-plus check he made as president of the National Education Association.It's one of the highest pensions paid by the heavily indebted Illinois Teachers' Retirement System.Weaver, whose last salary as a south suburban teacher was $60,000, is one of 116 active and inactive members of the Teachers' Retirement System who can base their retirement income on their salaries and service in the National Education Association, the Illinois Education Association, the Illinois...

New Jersey may become the first state to ban investing state pension funds in companies doing business in Iran. A proposal is being promoted in the Legislature by Assemblyman Neil Cohen, who cites Iran's ties to terrorism, its anti-American and anti-Israel stances, and its nuclear enrichment plans. Cohen's bill was released yesterday by an Assembly committee. Cohen's proposal mirrors a bill passed last year in New Jersey that banned investing state pension funds in companies doing business in Sudan -- a move meant to protest genocide in the African nation. New Jersey passed a similar law in the 1980s barring...