Ohio Pensions Divest from Iran, Sudan
Cincinnati News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ohios public pension funds, including the School Employees Retirement System, are accelerating their plans to divest from companies doing business in Iran and Sudan, following recent U.S.-Iran tensions. The School Employees system aims to complete the sales in the next two weeks, while the State Teachers Retirement System still holds significant holdings. Despite a 2007 law mandating divestment, pension leaders initially resisted, opting for a voluntary plan that has since reduced holdings from billions to a small fraction. Bipartisan lawmakers, including state Representative Adam Bird and state Senator Mark Romanchuk, are now pushing for faster action, with pressure mounting across the board.
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