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Treasurer using state pensions to advance gun principles

November 20, 2018

By Jim Miller,
Oregon writer

This week Oregon State Treasurer Tobias Read announced that his office is joining a coalition of investors and money managers to help advance a 5-point plan for gun manufacturers and firearm related companies. The coalition controls over $4.8 trillion in managed funds.  With billions in Oregon pension investments, the Oregon State Treasurer wields great clout in how and which companies the State will invest in.

Here are the 5-point principles that the coalition advocating as listed by Firearms Principles.

• Manufacturers should support, advance and integrate the development of technology designed to make civilian firearms safer, more secure, and easier to trace.

• Manufacturers should adopt and follow responsible business practices that establish and enforce responsible dealer standards and promote training and education programs for owners designed around firearms safety.

• Civilian firearms distributors, dealers, and retailers should establish, promote, and follow best practices to ensure that no firearm is sold without a completed background check in order to prevent sales to persons prohibited from buying firearms or those too dangerous to possess firearms.

• Civilian firearms distributors, dealers, and retailers should educate and train their employees to better recognize and effectively monitor irregularities at the point of sale, to record all firearm sales, to audit firearms inventory on a regular basis, and to proactively assist law enforcement.

• Participants in the civilian firearms industry should work collaboratively, communicate, and engage with the signatories of these Principles to design, adopt, and disclose measures and metrics demonstrating both best practices and their commitment to promoting these Principles.

You can read the State Treasurer’s full press release here.

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Discuss this article

Don November 21, 2018

What a vile evil traitorous person this is. How do we impeach a treasurer?

Bob Clark November 21, 2018

This is just the first step to Oregon PERS being socially restricted from earning a market rate of return on its investments.

In the end, this and most probably follow on social restrictions on PERS investments; means lower investment performance for PERS. Hence, more burden placed on taxpayers, school districts and other local governments.

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