OPINION | 'PERA directors should not be forced to make investment decisions based on the foreign policy preferences of the elected officials in office six years ago. It’s time to repeal the law.'
An aerial view shows the West Bank Jewish settlement of Ma’ale Efrayim in the Jordan Valley, June 30, 2020.Ben & Jerry’s decided to no longer sell ice cream in the occupied West Bank because it is inconsistent with company values to be “present within an internationally recognized illegal occupation.
The retirement fund should not have to; rather it is the legislature that should alter course by repealing the law. PERA’s investment decisions should be made in the best interest of the health of the pension fund for the sake of retirees, future retirees, and taxpayers, not because the legislature wishes to make a foreign policy statement.
Many Americans yearn for a solution that will bring peace, self-determination, and safety for all who live there. Israeli settlements in the occupied West Bank and East Jerusalem render a future, viable, contiguous Palestinian state unfeasible. The settlements are not the only impediment to a two-state solution and peaceful relations between the two people groups; actions by the Fatah-run Palestinian Authority and especially Hamas, which governs the Gaza Strip, also deserve scrutiny and criticism. If a company disapproves of Palestinian Authority policies and stops doing business in the region, however, its stock can remain in the PERA portfolio.
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