Colorado Public Employees Retirement Association, Denver, will add a socially responsible investment option, the PAX World Balanced fund, to its two defined contribution plans, confirmed Katie Kaufmanis, spokeswoman. The fund avoids Sudan-related investments, as well as companies that manufacture tobacco or weapon-related products, or those that engage in unethical business practices. One reason the fund was added was the Sudan divestment law passed earlier this year by the Colorado Legislature; it had also been requested by participants.
The 401(k) and 401(a) plans, which have a combined $1.7 billion in assets, offer the same 18 options. CitiStreet is the service provider for the plans.