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[Cleveland Plain Dealer] Aaron Marshall - A controversial bill forcing Ohio pension systems to pull $1.1 billion worth of investments in businesses with ties to Iran and Sudan was stopped in its tracks Tuesday on the House floor with pension fund managers in an uproar at the mandatory requirements. House Speaker Jon Husted offered to pull back the divestment bill if the pension systems agreed to a voluntary divestment of half of those funds (more than $500 million) by the end of 2007. But Rep. Josh Mandel said Wednesday that he plans to push forward for a House floor vote next Tuesday. 2007-06-07 01:00:00Full Article
Ohio Divestment: Deal or No Deal?
[Cleveland Plain Dealer] Aaron Marshall - A controversial bill forcing Ohio pension systems to pull $1.1 billion worth of investments in businesses with ties to Iran and Sudan was stopped in its tracks Tuesday on the House floor with pension fund managers in an uproar at the mandatory requirements. House Speaker Jon Husted offered to pull back the divestment bill if the pension systems agreed to a voluntary divestment of half of those funds (more than $500 million) by the end of 2007. But Rep. Josh Mandel said Wednesday that he plans to push forward for a House floor vote next Tuesday. 2007-06-07 01:00:00Full Article
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