The city’s mayor signed a bill to eliminate the controversial investments by 2025.
Opponents say the bill, which has no cost analysis, is too broad and would cost billions.
Asset Management Culture
Board of $86.9 billion state fund also calls for portfolio companies to guarantee health care for workers.
The state pension’s annualized returns beat the benchmark over the past one, three, five, and 10 years.
Hawaii recently saw a Fitch downgrade to AA, thanks to continued employment losses in the leisure sector.
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
State pension would have to remove thermal coal assets by year-end, fossil fuels by end of 2020.