""There should be an alignment between where money is being invested and the types of values that people of the state embrace. People's hard-earned savings are going to enable ICE to rip families apart. It's very egregious to me that California's biggest two pensions have chosen to turn a blind eye to this.""
""When issues are identified, we work to analyze the situation, gather relevant facts and seek a resolution," Scullary said."
California's two largest pension funds, CalPERS and CalSTRS, have invested over $2.7 billion in companies that contract with Immigration and Customs Enforcement and the Department of Homeland Security. CalPERS has invested approximately $1.6 billion, while CalSTRS has contributed around $1.1 billion. The largest investments were made in Palantir, with CalPERS investing $734 million and CalSTRS $625 million. Concerns have been raised about the contradiction of these investments in a sanctuary state, where aggressive immigration enforcement impacts families.
Read at Los Angeles Times
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