- Politicians like California Gov. Newsom are putting pressure on pension funds to divest in Russia
State and local pension funds that manage billions of dollars in retirement accounts for teachers, first responders and public employees may become the next tool for expanding economic sanctions on Russia following its invasion of Ukraine, a pension expert said Friday.
Keith Brainard, National Association of State Retirement Administrators research director, said retirement systems and state treasurers may start feeling political heat to divest in Russia.
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