It seems very easy for some teachers to indicate that they would like to have their retirement investments free of companies such as GEO Group, CoreCivic, and General Dynamics. That’s all well and good.
The problem as I see it is that there are no ramifications for the teacher who was quoted, Adrianna Betti. If the retirement plan under-performs because of these proposed investment policies, the teachers face no reduction in retirement. Instead, the public via the school districts would have to make up for losses by making additional pension contributions. How about asking the protesting teachers if they would consider 5-10 percent reductions in their pension so they could be free of this tainted money.
It’s easy to take a position when it costs you nothing.
Frank Schetter, Sacramento