Expand alternative investment options in deferred comp

Dunlea Wants to Expand Alternative Investment Options under Deferred Compensation Plan

Gets Endorsement of 350 ACTION and Food and Water Action

(Food and Water Action endorsement:https://markdunlea.org/2018/11/02/food-and-water-action-endorses-dunlea/)

Mark Dunlea, the Green Party candidate for Governor, called today for the State Comptroller to expand the number of socially-conscious alternative investment options in the state’s Deferred Compensation program, of which his wife is a member.

“My wife and I have sought over three decades to invest only in funds that reflect our social values. We want stocks and other investments that have been screened for environmental, labor and justice concerns. Many of these funds now exist. Workers should be given more options as to where they invest their money,” said Dunlea.

Dunlea said he was pleased when the Comptroller did begin to offer the Pax Global Environmental Fund. Dunlea said that they have their personal retirement funds invested in four different Pax Global Funds and would like those options, as well as others, for the Deferred Compensation program.

“Unlike the state pension fund, which is guaranteed by taxpayers, this is our own individual risk and investment decisions. There are nearly 3 dozen investment options provided and only one that is apparently socially screened. We want to invest our retirement funds in ways that support our values and vision for society,” said Dunlea.

Dunlea has focused his campaign on getting the state pension funds divested for fossil fuels. Dunlea was endorsed this week by climate change groups 350 ACTION and Food and Water Action.

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One Comment

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