Chicago teachers' pension mulls gun investments


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Posted Online: Jan. 17, 2013, 9:00 am
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SPRINGFIELD, Ill. (AP) The Chicago Teachers' Pension Fund board plans to vote tomorrow on whether to divest itself of holdings in firearms manufacturers.

Investments Director Carmen Heredia-Lopez says the fund's $9.5 billion portfolio includes about $146,000 invested in Sturm Ruger & Co. and Smith & Wesson Holding Corp.

The Teachers' Retirement System of Illinois, which covers teachers outside Chicago, conducted a similar review that shows $77,000 invested in three gun makers out of a $38 billion portfolio.

Spokesman Dave Urbanek says TRS will provide the data to board members as information and not with a staff recommendation.

The California teachers' retirement fund voted to cut off gun-company investments after 20 schoolchildren were killed in a mass shooting in Connecticut last month.

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Chicago Teachers' Pension Fund: http://www.ctpf.org

Teachers' Retirement System: http://www.trs.illinois.gov














 



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  Today is Friday, July 25, the 206th day of 2014. There are 159 days left in the year.

1864 -- 150 years ago: Walter Jones, of Co, F 23rd Ky, volunteers, lost a satchel on the Camden road, yesterday, containing his papers of discharge from the army.
1889 -- 125 years ago: E. W. Robinson purchased from Mrs. J.T. Miller the livery stable on the triangle south of Market square.
1914 -- 100 years ago: A municipal; bathing beach was advocated at the weekly meeting of the city commission by commissioner Rudgren, who suggested the foot of Seventh Street as an excellent location.
1939 -- 75 years ago: Floyd Shetter, Rock Island county superintendent schools, announced teachers hired for nearly all of the 95 rural and village grade schools in the county.
1964 -- 50 years ago: The mercury officially reached the season's previous high of 95 about noon today and continued upward toward an expected mark of 97.
1989 -- 25 years ago: Fort Armstrong hotel once the wining and dining chambers of Rock Island's elite is under repair. Progress is being made though at a seeming snail's pace to return the building to a semblance of its past glory for senior citizen's homes.








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