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ProgressiveProfessor

(22,144 posts)

23. Again if BODs let social statements override prudence there can be issues

Reply to libdem4life (Reply #21)

Thu Jan 10, 2013, 01:31 AM

Jan 2013

CALSTRS and CALPERS were hurt badly in the last decade. They have been predicting growth well head of anyone else so they can claim they are healthy. The reality is that they most likely will have to increase contributions with a shrinking base. They are not the only public employee pension fund facing such issues.

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Teachers pension fund votes to sell holdings in firearms, ammo clips [View all] cal04 Jan 2013 OP

And that is one way nadinbrzezinski Jan 2013 #1

Excellent Plan - De-fund The Firearm and Ammunition Industry cantbeserious Jan 2013 #2

Actually it won't impact them at all ProgressiveProfessor Jan 2013 #4

Maybe they understand that attitudes toward guns are shifting, and restrictions are on horizon. Hoyt Jan 2013 #6

If that indeed happens ProgressiveProfessor Jan 2013 #7

Yep, so-called responsible gun owners acting like irresponsible gun cultists. Hoyt Jan 2013 #8

What is irresponsible? ProgressiveProfessor Jan 2013 #9

Naw. Certain guns and accessories attract callous people who have trained to shoot people in our Hoyt Jan 2013 #10

What would those be? ProgressiveProfessor Jan 2013 #11

You are actually catching on. Hoyt Jan 2013 #12

With the exception of the POS 100 round mags all those items are fine ProgressiveProfessor Jan 2013 #15

Good on 'em! ReRe Jan 2013 #3

I assume they have done a fiduciary duty check on this ProgressiveProfessor Jan 2013 #5

A "fiduciary duty check"? Do tell...with amusing anecdotes, if you please. libdem4life Jan 2013 #13

IANAL, but have been an investor, a pension plan trustee, and have money in that pension plan... ProgressiveProfessor Jan 2013 #14

Many investment funds bowed out of concerns that became sullied and/or tainted. Funds come and go libdem4life Jan 2013 #16

IANAL = I am not a lawyer ProgressiveProfessor Jan 2013 #17

Thanks. Interesting and I see your point. Hopefully the negative social statement will prevail libdem4life Jan 2013 #21

Again if BODs let social statements override prudence there can be issues ProgressiveProfessor Jan 2013 #23

That's right, Professor, and it would be dereliction of fiduciary duty to be invested in industry Hoyt Jan 2013 #18

However the first half of the year should have good profits... ProgressiveProfessor Jan 2013 #19

Good, you can profiteer from your close relationship with your guns. Hoyt Jan 2013 #20

Depending on how the companies FYs are structured, its could be an interesting technical play ProgressiveProfessor Jan 2013 #22