Teachers demand CalSTRS unload firearms investments

As reported by the Sacramento Bee:

When a gunman slaughtered 26 children and adults at a Connecticut elementary school, California’s teacher pension fund responded with a forceful denunciation of gun violence and said it was rethinking its investment in the company that manufactured the firearm used in the shooting.

Two years later, the investment remains intact, and some of CalSTRS’ chief constituents – schoolteachers – are losing patience.

The California Federation of Teachers plans a protest outside a CalSTRS board meeting in West Sacramento on Thursday, demanding the pension fund follow through on its pledge to unload its investment in Cerberus Capital Management, the private equity firm that owns gun manufacturer Freedom Group.