Florida’s Pension Fund Joined a Gun-Control Compact, Until…

Florida’s Pension Fund Joined a Gun-Control Compact, Until…

(This article was originally published at armedamericannews.org .) Ashbel C. “Ash” Williams Jr., has the financial wellbeing of Florida’s public employees in his hands. Williams serves as executive director and chief investment officer of the Florida State Board of Administration in Tallahassee, which oversees more than $250 billion in assets, including the nearly $2 billion Florida Retirement System, the state’s public-employee pension fund. On Nov. 14, 2018, for reasons known only to him, Williams signed an agreement known as the Principles for a Responsible Civilian Firearms Industry , on behalf of the State of Florida. In fact, Florida was one of the first states to sign up with the group, and one of Williams’ own staffers helped draft the document. The Principles for a Responsible Civilian Firearms Industry is an agreement between private and public pension fund managers from California, Connecticut, Maine, Maryland, Oregon, San Francisco and Florida. According to its website, the “Principles” describes itself as a “framework to advance a responsible civilian firearms industry in the United States of America.” “We believe in the rule of law and respect the 2nd Amendment of the U.S. Constitution. As asset owners and asset managers, we have a duty to our beneficiaries who depend on us for financial security; such obligations compel us to assume responsibility for reducing risks that we and our beneficiaries face if and when we hold a financial interest in both private and public firearms related enterprises,” the website states. “We believe that enterprises involved in […]

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