Divesting gun stocks is poor state policy
Fiddling while Rome burns. It's absolutely wonderful that State Treasurer Shawn Wooden wants to implement a virtue-signaling, wholly symbolic measure that divests gun and ammunition stocks from Connecticut's pension funds. But to the extent that this policy reduces returns to the pension fund by even one penny, it is an abrogation of his duty.
Connecticut has a state pension funding crisis, with the unfunded liability exceeding $32,000 per resident and exceeding 45 percent of the gross state product. Connecticut is dead last of all 50 states, and has only 20.3 percent of the funds required to keep its pension promises to state and participating municipal employees and teachers.
Rather than publicity about symbolic measures that may reduce returns to the pension funds, the treasurer should be fighting to increase returns and obtain adequate funding for those funds. Get Connecticut off the "worst of all states" list before playing politics with the pension fund.
P. J. Rovero
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