Divestment

Divestment From Companies With Prohibitions Against Israel

Anti-BDS divestment legislation, signed into law in 2016, calls for the PERA Board of Trustees to create a list of restricted companies biannually and to prohibit investments in these companies going forward. The establishment of the list requires PERA to engage the companies on the list to warn them of potential divestment. For additional information, please see the PERA Board of Trustee’s approved methodology for creation of the Restricted Company list.

Iran Divestment

Colorado PERA’s Policy on Iran-Related Investments addresses specific risks related to direct public investments in foreign companies doing business in Iran. The Board established the policy to provide additional resources for researching and analyzing Iran-related risk.

Sudan Divestment

Sudan divestment legislation, signed into law in 2007, calls for the PERA Board of Trustees to create a list of scrutinized companies every six months and to prohibit investments in these companies going forward. The establishment of the list requires PERA to engage the companies on the list to warn them of potential divestment, and to encourage the companies to change their activities in Sudan. PERA must also engage the managers of indirect investments in companies on the list and request removal of scrutinized companies or ask the managers to create a similar fund that does not contain the identified companies.

PERA contacts managers in its Defined Benefit Plan as well as managers of funds within the PERAPlus 401(k)/457 and DC Plans regarding the Scrutinized Companies List.

For additional information, please see the PERA Board of Trustee’s approved methodology for creation of the Scrutinized Company List.