Pension fund divestment is no answer to Russia’s homophobic policies
By Edward Zelinsky
A group of California state senators, including senate president pro Tem Darrell Steinberg, has called for California’s public employee pension plans to protest Russia’s homophobic laws and policies by ceasing to make Russian investments. While the senators are right to denounce Russia’s assault on human rights, they are wrong to call for the divestment of the Golden State’s public pension funds.