Rogers: Divest KPERS from ties to Russia

Kansas State Treasurer Lynn Rogers wants the KPERS program to divest a $35.9 million investment in Russian securities.

By

State News

March 4, 2022 - 4:13 PM

TOPEKA — Kansas State Treasurer Lynn Rogers recommended the state’s public pension system respond to the Russian invasion of Ukraine by divesting a $35.9 million investment in Russian securities.

Rogers, who serves on the nine-member Kansas Public Employees Retirement System board, said trustees should work on extracting the pension system from Russian entities. An estimated 0.14% of KPERS’ portfolio has ties to Russia.

“I’m in full support of the financial sanctions placed against Russia — the aggressor in this escalating war,” Rogers said. “I will be working with my fellow trustees to protect the interests of our members and their beneficiaries. I stand firmly in support of the people of Ukraine.”

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