Missouri State Employees’ Retirement System passes motion to take action on Russian holdings
JEFFERSON CITY, Mo. (KMIZ)
The Missouri State Employees’ Retirement System (MOSERS) Board of Trustees, members unanimously passed a motion to prevent the future acquisition of Russian holdings and calling on the plan to divest any current holdings effective Thursday.
“Today the MOSERS Board of Trustees sent a clear message to Vladimir Putin: That his unprovoked invasion of Ukraine will not go unchecked, and the world will remain united in crippling his economy and his political future,” Missouri Treasurer Scott Fitzpatrick said in a release. “The MOSERS Board, the people of Missouri, and all Americans stand with the Ukrainian people.”
As of Friday, MOSERS holds approximately $13 million in Russian securities within funds worth over $1 billion as part of its Global Emerging Markets allocation.
On Wednesday, House Majority Leader Dean Plocher, R-St. Louis County, filed a bill that would stop state entities and private businesses from doing business with Russia and Russian interests. The bill is backed by Lt. Gov. Mike Kehoe.
Kehoe said resolutions were filed in the Missouri Senate on Wednesday to encourage retailers to substitute American products for Russian products in their stores.
