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Indiana Excludes China fFom Public Pensions by Wendy McNamara |
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The Indiana Public Retirement System recently completed divesting $1.2 billion in investments from Chinese government-controlled entities. Indiana was the first state to pass legislation mandating divestment from entities controlled by the People’s Republic of China or Chinese Communist Party. The FBI has reported on the national security threat the Chinese Communist Party poses, which includes intellectual property theft, cyber espionage and coordinating with other countries to develop a global currency that would undermine the U.S. dollar. INPRS manages the pension funds for Indiana’s state employees, teachers, state law enforcement officers, public officials and others. The state manages over $45 billion in pension assets, which is invested for the exclusive benefit of its more than 500,000 members and their families. |
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