Pension tensions: Public sector union in Canada calls for retirement plans to dump Tesla stock

By Lynn Cavanaugh Source: Benefits Pro Given the steep plunge in Tesla shares this year, the American Federation of Teachers President Randi Weingarten urged money managers in early April to "safeguard retirement assets" and urgently review their current holdings in electric car Tesla, which has been a target of political protests amid growing animosity for the brand. Now, the Canadian Association of Professional Employees (CAPE), one of the largest federal public sector unions in Canada, has called on the [...]

American Federation of Teachers urges public pension funds to seek Tesla stake review

Source: Pensions & Investments A national teachers’ union is urging public pension funds to ask their money managers how they will safeguard retirement assets given the steep plunge in Tesla shares this year. In a letter to more than 75 state and city chief fiduciary officers of U.S. public pension funds, American Federation of Teachers President Randi Weingarten is requesting they reach out to money managers overseeing their investments “to urgently review their current holdings” in the electric carmaker [...]

2025-04-02T15:40:14-07:00April 2nd, 2025|Categories: Pension Funding|Tags: , , |
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