US/World News

TIAA-CREF won’t vote on divestment

 

(JNS.org) U.S. pension giant TIAA-CREF announced it would not allow a vote on an Israel divestment resolution at its upcoming shareholders meeting. The announcement came after it received approval from the Securities and Exchange Commission to “take no action” regarding the boycott, divestment and sanctions (BDS) resolution as well as warnings from the Shurat HaDin-Israel Law Center, an Israeli civil rights group, that the passage of the resolution would violate New York State and federal anti-discrimination laws.

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