Pa. School Pension Fund To Divest Russian Assets

HARRISBURG, Pa. (AP) – Pennsylvania’s biggest public pension system will begin to sell off its investments in Russia and Belarus. The board voted unanimously Thursday to divest in light of Russia’s invasion of Ukraine. The $72.5 billion Public School Employees’ Retirement System is one of the nation’s biggest public pension funds. It’ll target what it says is almost $300 million directly invested in Russia and Belarus. That’s less than one-half of 1% of the fund’s total assets. Belarus has been a key ally of Russia in its attack on Ukraine. The board’s motion also decreed that the system will make no future investments in Russia or Belarus.