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California Senate Committee Approves Bill to Allow Divestment of Turkey


California Senate Committee Approves Bill to Allow Divestment of Turkey
04/23/2021 United States (International Christian Concern) – A bill in California that requires the Public Employees’ Retirement System (PERS) and State Teacher’s Retirement System (STRS) to allow school districts and cities opt out of investment vehicles issued or owned by the Republic of Turkey passed the Senate Labor, Public Employment, and Retirement Committee on Tuesday. Senator Anthony J. Portantino, who introduced the bill, highlighted just how important it would be to California’s large Armenian population.
“Many public employees of CalPERS and CalSTRS are descendants of Armenian Genocide survivors and most of them had to relieve the intergenerational trauma during the recent Artsakh war, in which Turkey was heavily involved,” he said. ....

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