Ensure that your pension fund is ethical

IF YOU ARE A NEW MEXICO EDUCATOR

The New Mexico Educational Retirement Board has holdings in both CoreCivic and GeoGroup.  

Check out this toolkit to learn about the process for working with your Union to help the Board divest.

RETIREMENT FUNDS

“Why would building a retirement nest egg possibly harm others?” Well, for most people the starting place to invest is in the stock market — and when you look at the S&P 500 (a list of the largest publicly held companies), those are often the same companies who are destroying the environment, paying workers poverty wages, and otherwise implicated in human rights abuses. Or, you may have a SEP IRA or Roth IRA held at a big-name bank — the majority of which have been implicated in financing the private prisons that are profiting from family detention.”

How To Retire In Style And Build A Real Legacy by Morgan Simon for Forbes

PENSION FUNDS

While the above link provides more detailed information about ethical retirement funds, if you have a pension from your employer, the easiest thing to do is talk to your HR representative to see if you have retirement holdings in BlackRock, Vanguard or other major private prison investors.  If so, ask your institution to offer a socially responsible alternative.