Indiana Public Employees Retirement Fund and Indiana State Teachers Retirement Fund, both in Indianapolis, would be required to divest companies with business ties to Sudan under legislation state Sen. Dennis Kruse is seeking to advance.
Mr. Kruse is trying to attach Sudan divestment as an amendment to a House bill on unrelated pension issues, said Darrel Radford, spokesman. Mr. Kruse initiated the move after he declined to bring the original Sudan divestment bill for a vote in the Senate Committee on Pensions and Labor which he chairs because of an unrelated amendment he believed would have jeopardized the legislation, Mr. Radford said.
A conference committee of House and Senate members is scheduled to meet Tuesday to consider inclusion of the amendment, Mr. Radford said.
The measure would require the $16.3 billion employees fund and the $8.8 billion teachers fund to identify companies and request they cease activities related to Sudan. Unresponsive companies would have to be divested. The bill excludes private equity funds.
Indiana PERF doesnt take positions on legislation, said Jeffrey D. Hutson, director of communications; nor does Indiana TRF, said Robert D. Newland, CIO.