HB 1511, Relating to the Employees’ Retirement System.
House Committee on Energy & Environmental Protection Tuesday, February 10, 2015 8:30 a.m. HB 1511, Relating to the Employees’ Retirement System. Dear Chairman Lee and Committee Members: The University of Hawaii Professional Assembly opposes proposed measure HB 1511. The measure which seeks divestiture of investments in fossil fuel companies does not advance the interests of public employees. To the contrary, the Employee Retirement System already bases its investment decision on policy that recognizes socially-responsible considerations. The impact of divestiture is unknown and [...]