January 4, 2012
State Pension Fund Divests Holdings With Iran Ties
By Rick Saia
The board that oversees the pension fund for state employees has divested all its holdings in companies with major ties to Iran's energy industry, according to a statement from the office of State Treasurer Steven Grossman.
The move by the Massachusetts Pension Reserves Investment Management Board fulfills the mandate of a state law designed to pressure the Iranian government to halt its nuclear weapons program and other acts in the Persian Gulf region that threaten the security of the United States. The board joined other pension funds that are also working to sever ties to business interests in Iran.
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