Sudan and the VRS...
Call your delegates today to help end the genocide in Darfur and possibly damage the Virginia Retirement System!
Republicans and Democrats go hand in hand today chipping away at the VRS. Nobody has looked at the economics of our retirement system to know the ramifications of pulling out of companies that invest or have some connection to the atrocities in Darfur. Do we pull out of mutual funds? Bonds? Securities? Just plain old stocks? It looks like there are exemptions to certain funds. But the financial implications have not been looked into in depth.
What happens when other legislators decide that they have a cause that can be rectified by divesting the VRS? What about an explosive issue like abortion? The VRS should not be a political football.
I want an end to the genocide in Darfur too. We have to make sure that the investments you get out of are replace with one that will match or exceed those other investments. My reading of the law as it stands to be passed, does not seem to have any recourse to replace the investments.
Republicans and Democrats go hand in hand today chipping away at the VRS. Nobody has looked at the economics of our retirement system to know the ramifications of pulling out of companies that invest or have some connection to the atrocities in Darfur. Do we pull out of mutual funds? Bonds? Securities? Just plain old stocks? It looks like there are exemptions to certain funds. But the financial implications have not been looked into in depth.
What happens when other legislators decide that they have a cause that can be rectified by divesting the VRS? What about an explosive issue like abortion? The VRS should not be a political football.
I want an end to the genocide in Darfur too. We have to make sure that the investments you get out of are replace with one that will match or exceed those other investments. My reading of the law as it stands to be passed, does not seem to have any recourse to replace the investments.
posted by Kevin | 11:24 AM
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