Post #535 by PucksFool on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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Teachers and other public employees in Indiana must not be allowed access to ESG investment funds in their retirement.

https://indianacapitalchronicle.com/2024/12/16/pen...
A group called the Alliance for Prosperity and a Secure Retirement called out the board’s vote.

The group said during the meeting that INPRS staff admitted BlackRock had “done a great job” and “fees have been low” – important factors that should have been the key rationale for the board’s actions.

“Unfortunately, political considerations superseded INPRS’ fiduciary duty, which sets a concerning precedent for Hoosier retirees and taxpayers who will ultimately bear the cost of this decision,” a news release said.

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