Beshear Urging Officials to Stop Investing Retirement Contributions in Opioid Manufacturers

Attorney General Andy Beshear is urging state officials and board members to stop investing state taxpayer dollars and retirement contributions in companies that have profited from the opioid crisis. On Tuesday, June 19, 2018, Beshear sent letters to the Kentucky Retirement Systems and the Kentucky Teachers’ Retirement System, urging the agencies to stop investing funds in the six opioid manufacturers and distributors that his office is currently suing over their role in fueling the state’s opioid epidemic. The attorney general said KRS and KTRS board executives and trustees should take immediate steps to review investments, and, in accordance with their fiduciary duty and in compliance with all applicable laws, divest any funds currently invested in the companies.

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