Aremenian Weekly: California State Senators Portantino and Wilk Urge Senate Support for Turkey Divestment

Wednesday, June 28 2017

SACRAMENTO, Calif.—California State Senators Anthony Portantino and Scott Wilk sent a letter to their colleagues in the California State Senate on June 27, urging them to support AB 1597, which calls for the divestment of California’s public pension funds from investment vehicles that are owned, controlled or managed by the Turkish government.

The State of California, through its Public Employees’ Retirement System (PERS) and its State Teachers’ Retirement System (STRS), directly invests public funds in the government of Turkey, which then reaps profits while actively denying the Armenian Genocide, funding its continued campaign of denial, at least in part, through these investments in its economy. AB 1597 will prohibit CalPERS and CalSTRS from investing in Turkey....(Read Full Text)