To: CalPERS and New York State Common Retirement Fund
Divest Trump SoHo
We The People call on CalPERS and the New York State Common Retirement Fund to divest from Trump SoHo and stop all future investments of pension funds into the Trump Organization.
Why is this important?
Join the campaign urging CalPERS and the New York State Common Retirement Fund to Divest Trump SoHo.
We the people have the power to hold Donald Trump accountable to the U.S. Constitution. Right now, the hard-earned dollars of state employees like firefighters, police officers, and public workers are being paid into a real estate fund that transfers millions to the Trump Organization to manage the Trump SoHo in New York City, New York.
Those payments from state pension funds fall into a scheme that ultimately puts money directly into President Trump’s pockets and violates the Domestic Emoluments Clause of the U.S. Constitution.
The California Public Employees' Retirement System (CalPERS) and the New York State Common Retirement Fund have a long history of leadership on ethics, corporate governance, and transparency. As fiduciaries, they also have a responsibility to act according to the highest ethical standards and legal standards and to avoid conflicts of interest.