The MOSERS board has unanimously approved a resolution from Missouri’s state treasurer to prevent the future acquisition of Russian holdings. The resolution also call on the retirement plan to divest any current holdings prudently.
MOSERS is the acronym for Missouri State Employees’ Retirement System. It’s based in Jefferson City, and has an 11-person board. MOSERS was established in 1957, by state law.
State Treasurer Scott Fitzpatrick (R) praises the decision, saying it’s time for the world to cut Vladimir Putin off.
“Today the MOSERS board of Trustees sent a clear message to Vladimir Putin: that his unprovoked invasion of Ukraine will not go unchecked, and the world will remain united in crippling his economy and his political future. The MOSERS Board, the people of Missouri, and all Americans stand with the Ukrainian people,” Fitzpatrick says, in a written statement.