Jump over the site's section navigation.

Teacher pension fund may dump stock in gun makers

Thu, 17 Jan 2013 04:30:55 CST
By: AP

The Chicago Teachers' Pension Fund board plans to vote today on whether to divest itself of holdings in firearms manufacturers. The fund's $9.5 billion portfolio includes about $146,000 invested in Sturm Ruger & Co. and Smith & Wesson Holding Corporation. The Teachers' Retirement System of Illinois, which covers teachers outside Chicago, conducted a similar review that shows $77,000 invested in three gun makers out of a $38 billion portfolio. Spokesman Dave Urbanek says TRS will provide the data to board members as information and not with a staff recommendation. The California teachers' retirement fund voted to cut off gun-company investments after 20 schoolchildren were killed in a mass shooting in Connecticut last month.

Support Your Public Radio Station