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Public commenters press pension board on climate risk and LEFT‑1 benefit protection
Summary
During public comment, stakeholders urged the committee to study climate risk for the Washington State Investment Board and to preserve LEFT‑1 assets for plan beneficiaries, citing an IRS private‑letter ruling submitted by retirees’ representatives.
Several members of the public addressed the committee during the public-comment period on separate but related pension issues.
On climate and investment mandate: Kristen Edmark, Liz Carney and Donna Albert urged greater study of climate risks to pension returns and asked the committee to consider whether the Washington State Investment Board’s mandate should explicitly account for the state’s climate and environmental policy goals. Edmark asked the committee to “study the impact of climate change on…
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