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Pension boards adopt IPS amendment to comply with new state rule on boycotts of Israel
Summary
Trustees approved a revision to the pension investment policy statement to add compliance steps for the state's list of companies that engage in a boycott of Israel; staff said the change codifies an existing compliance process and will not immediately change holdings.
The Jacksonville Beach pension boards voted to adopt an amendment to the Investment Policy Statement that incorporates compliance with recently enacted state law regarding companies that engage in a boycott of Israel.
Pension counsel and staff explained the amendment adds a defined process to the IPS to respond to the state’s published list of scrutinized companies and the subset newly created for…
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