Anti-ESG pension bill could drop state pension returns $6.7 billion in next decade

-Banks and the state chamber of commerce are publicly opposed. Before, it was only behind the scenes, -Legislative analysts put a whopping price tag on this, estimating it would reduce pension returns from 6.25 percent to 5.05 percent (I’d love to see the math there – they didn’t show it). -Pension staff also believed there would be another $550K in additional staff and consulting Anti-ESG Costs due to the need for specialized proxy voting staff and outside third parties. (Go Strive)