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GAINESVILLE (ALACHUA COUNTY) · LOCALlocal legislationPending In Committee
Local Impact

Proposed Divestment of Russian and Belarusian Securities from Police and Fire Retirement Plan

Original title: City Commission Resolution Calling for Divestment of Holdings in Russian and Belarusian Securities (B)

Record date · March 23, 2022

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What This Bill Does

This resolution proposes that the Board of Trustees of the Consolidated Police & Fire Retirement Plan divest its financial holdings in linked to Russia and Belarus. The measure is currently pending review in committee.

Why it matters

The resolution impacts the investment portfolio of the city's police and fire retirement fund, potentially changing the assets held by the pension system.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Consolidated Police & Fire Retirement Plan members

The investment strategy and asset composition of their retirement fund may change if the resolution is adopted.

Directly affected

Board of Trustees of the Consolidated Police & Fire Retirement Plan

The board is tasked with reviewing and potentially executing the divestment of specific securities.

Key Facts

  • The resolution calls for the divestment of all holdings in Russian and Belarusian securities.
  • The policy applies specifically to the Board of Trustees of the Consolidated Police & Fire Retirement Plan.
  • The document is currently classified as a 'Discussion Item' and is 'Pending In Committee'.
  • The resolution was formally introduced on March 18, 2022.

Frequently Asked Questions

What does this resolution do?
It proposes that the city's police and fire pension fund sell off any investments it currently holds that are tied to Russia or Belarus.
Has this been approved yet?
No, the resolution is currently for discussion.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Geopolitical Alignment of Local Pension Funds

The resolution demonstrates a move to align local municipal investment policies with international sanctions or geopolitical stances.

Consolidated Police & Fire Retirement Plan

Connected Entities

Consolidated Police & Fire Retirement Plan
OrganizationConsolidated Police & Fire Retirement Plan“The entity whose investment holdings are subject to the proposed divestment.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy50
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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