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The Florida teachers' union is unable to divest from firearms industry stocks, or any others in their portfolio, on its own because the portfolio is managed by the governor and his staff.
Florida teachers may be surprised to learn theyve been helping fund the firearms industryincluding American Outdoor Brands, which made the gun used in the recent mass shooting.
This week, Rep. Phil Roe, R-TN, and Rep. Donald Norcross, D-NJ, introduced the Give Retirement Options to Workers Act, which would facilitate the adoption of composite plans -- but not all unions and retirement advocates are on board with such plans.
Pension obligations are a worry as pressure on municipalities and states could intensify in a downturn when local tax revenues decline, says PGIM CEO David Hunt.
Economist Andrew Biggs responds to the GAO rebuttal of his criticism of its retirement report, saying the GAO report is based on incomplete data that fails to stand up to scrutiny.