All tagged LA Progressive

In the wake of CalSTRS, the California teachers’ pension fund, voting this fall to divest $12-million from private for-profit prisons, Assembly member Rob Bonta (D-Oakland)—the son of farm labor organizers who grew up in a trailer yards from Cesar Chavez’s home—has introduced AB 33 to bar the state’s largest retirement funds CalSTRS and CalPERS from investing in for-profit prisons.

While Bonta’s bill sits in the hopper, members of Educators for Migrant Justice, buoyed by their victory before the CalSTRS Board, will take their case to CalPERS, California’s public employee pension fund valued at $326-billion with an estimated $22 million invested in private for-profit prisons. On facebook, activists are inviting divestment supporters to join them Monday, December 17th, from 9am-3 pm, when they testify before the CalPERS board in Sacramento.