California Democrats introduced a bill in the state senate urging state pensions CalPERS and CalSTRS not to invest future pension funds in Russia, citing that government's treatment of LGBT people.

Sens. Mark Leno, Darrell Steinberg and Ricardo Lara introduced the resolution. Equality California also sponsored the bill.

The move follows the enactment of a law that promises arrest, detainment and up to 15 days in in prison for any person or group found publically supportive of LGBT equality. This means anything from a same-sex couple's public display of affection, to a person disclosing homosexuality or even displaying LBGT symbols such as a rainbow. President Vladimir Putin signed the law on June 30, 2013.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.