Latest News

For Immediate Release
February 5, 2019

Contact:
Andrew Crook
o: 202-393-8637
c: 607-280-6603
acrook@aft.org
www.aft.org

Private Prison Risk to Public Pensions Exposed

AFT Asset Manager ‘Watch List’ Urges Divestment from Firms Profiting off the Mass Incarceration of Communities of Color

WASHINGTON—The American Federation of Teachers is urging public pension funds with more than $3 trillion of deferred wages under management to review their holdings in the wake of a new report exposing how retirement funds are at risk through investments in private prisons that profit from mass incarceration.

“Private Prisons and Investment Risks, Part Two: How Private Prison Companies Fuel Mass Incarceration—and How Public Pension Funds Are at Risk” was released Tuesday by the AFT with the support of 35 other organizations including the Journey for Justice Alliance. The report reveals the direct and indirect investments public pension funds have in CoreCivic and GEO Group, which reap billions each year by jailing minority populations and exploiting the school-to-prison pipeline. The state pension funds named in the report currently hold over $75 million in private prison stock.

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February, 6, 2019

(Norcross, GA)  Jerry Gonzalez, Executive Director, GALEO, released the following statement as reaction to the State of the Union Address by President Trump:

“President Trump once again used fear and lies about immigrants to create the illusion of an imaginary crisis at the southern border.  The fact is that the southern border has never been more secure, and the overwhelming majority of drugs smuggled across our border come in through ports of entry — a border wall would neither make us safer nor stop drug smugglers. 

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Upcoming Events

Jun
07

Save the date!  16th Annual GALEO Power Breakfast

Date:  Friday, June 7th, 2019

Time:  8:30

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Sep
27

Save the date!  2019 Hispanic Heritage Month Luncheon

Date:  Friday, Sept. 27th, 2019

Time:

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Oct
13

Join us for El Quince de GALEO!  15th Anniversary Celebration Din

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