Copyright © 2019 Albuquerque Journal
SANTA FE – New Mexico’s teacher pension fund is scrutinizing its handling of politically flammable investment holdings, after calls to get rid of more than $1 million in combined investments in two private prison companies that also run immigrant detention centers.
However, the Educational Retirement Board’s executive director said it’s unlikely that New Mexico will follow in the footsteps of pension funds in New York City and Chicago that have moved to divest fully from the private prison industry.
“It’s a very difficult thing to do,” ERB Executive Director Jan Goodwin said. “Once you get on the slippery slope of divestment for policy reasons, it’s hard to know where it’s going to lead you.”