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Source: http://www.pionline.com/apps/pbcs.dll/article?AID=/20070606/DAILY/70606007
California Assembly OKs Divestment from Iran
[Pensions and Investments] Proposed California legislation that would require two state employee retirement systems to divest from companies with ties to the energy and defense sectors in Iran passed the state assembly on Tuesday, said Chip Englander, chief of staff for Assemblyman Joel Anderson, who wrote the bill. The bill requires the $245.3 billion California Public Employees Retirement System and the $167.2 billion California State Teachers' Retirement System to divest stocks totaling $2 billion and $1.4 billion, respectively.