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Texas public servants need a healthy pension system

By Quint Balkcom and Richard Jankovsky People from every community in the state come to work for the great State of Texas. They spend decades maintaining and patrolling Texas roadways and waterways, preserving the peace, overseeing natural areas and resources, and serving the disadvantaged. Public health workers who worked long shifts in response to COVID-19 are state employees. So are the park employees who maintain natural spaces for Texans. And so are our fellow game wardens and Department of Public Safety troopers. These are some of Texas’ most essential workers. They played a vital role helping the state weather the pandemic. Many have traded higher private-sector salaries for careers in public service. The state’s promise of meaningful retirement benefits encourages and rewards this commitment. 

Big Oil Strikes Back at ESG | Chief Investment Officer

Big Oil Strikes Back at ESG A Texas bill would force the state’s retirement systems to divest from companies that divest from fossil fuels. Texas legislators are considering a bill that would aim to strike a blow for the state’s oil industry against the growing trend of institutional investors seeking to avoid or divest from fossil fuel companies. Texas’ Senate Bill 13, which was introduced by Sen. Brian Birdwell and four of his fellow Republican state senators, would force the state’s retirement systems and pension funds which manage well over $200 billion in assets to divest from any company that refuses to invest in fossil fuels.

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