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Council backs bill requiring pension board to target certain holdings and publish annual plan
Summary
The Council on Pensions unanimously recommended passage of House Bill 805 / Senate Bill 542, which would require the Tennessee Consolidated Retirement System board to divest securities it can identify in mutual funds or ETFs and present an annual investment plan to the Council chair.
On March 10 the Council on Pensions voted unanimously to recommend passage of House Bill 805 / Senate Bill 542, which would require the Tennessee Consolidated Retirement System (TCRS) Board of Trustees to attempt divestment of securities held within mutual funds or exchange‑traded funds when those securities can be identified, and to…
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