NH retirement system to ask court’s advice on Sudan divestment

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The New Hampshire Retirement System will ask the state Supreme Court if the Legislature can order it to divest of holdings in the Sudan.

A law adopted this spring ordered the pension system for state and other public workers as well as the pension system for judges to shed any investments that support Sudan’s campaign of genocide and rape in Darfur.

Board Chairwoman Lisa Shapiro says the board voted unanimously this week to find out if divesting would be unconstitutional.

The constitution says public retirement plans must make investment decisions "for the exclusive purpose" of benefiting current and future retirees and retirement funds "shall not be encumbered for, or diverted to, any other purposes."

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