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MOSERS to remove terrorist investments

October 24, 2005
By: Dustin Blanchard
State Capital Bureau

The Missouri State Employees Retirement System plans to screen its investments to avoid funding terrorists.

Dustin Blanchard has more from the state Capitol.

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The Missouri State Retirement System board of trustees voted unanimously to remove any investmuents with terrorist ties.

The system will buy lists showing what stocks and funds have links to terrorist organizations -- and cross-check them against it's investments.

Board member and State Treasurer Sarah Steelman says one of the lists will cost about 15-thousand dollars alone.

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Contents: "I definitely think it's worth it to take a proactive approach to identifying stocks that are financing terrorism when we are engaged in a war on terror."

Senator Jason Crowell is also on the MOSERS board.

He says the system will implement the checks using existing staff immediately -- but it won't know the cost of all of the changes until November 17th.

From the state Capitol, I'm Dustin Blanchard