Second Big Pennsylvania Pension Fund To Divest Russia Assets

HARRISBURG, Pa. (AP) – The board of another big public pension system in Pennsylvania will sell off its Russia-related investments, amid bipartisan calls from lawmakers and top state officials to respond to Russia’s attack on Ukraine. Friday’s vote by the board of the State Employees’ Retirement System affects roughly $7 million of the $40 billion in assets the system reported having at the start of 2022. That exposure amounts to 0.02%. The board’s resolution also bars new investments in assets related to Russia. On Thursday, the board of the $72.5 billion Public School Employees’ Retirement System took a similar vote to divest of nearly $300 million directly invested in Russia and Belarus.