KC Council To Pension Managers: Don’t Invest In Gun Securities

Kansas City Mayor Sly James | Photo from kcmayor.org
Kansas City Mayor Sly James | Photo from kcmayor.org

Following the lead of Mayor Sly James, the Kansas City Council took a strong but largely symbolic stance Thursday against gun violence, voting 12-1 to pass a measure that asks managers of city pension funds to consider not investing in the securities of gun manufacturers.

In doing so, Kansas City follows examples set by cities like Chicago, where Mayor Rahm Emanuel persuaded a $5 billion pension fund to divest from gun manufacturers. Several other state and large-city pension funds have frozen their gun investments, or have sold them. But the Kansas City proposal doesn’t go that far. It has no force of law and doesn’t require the city pension funds to divest their current holdings.

Read more from the Kansas City Star

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