Missouri State Treasurer Scott Fitzpatrick has requested an emergency MOSERS Board of Trustees meeting to prevent the future purchase of Russian securities and to discuss the strategic divestment of existing Russian holdings.

Treasurer Fitzpatrick says, “Vladimir Putin is a madman and it’s time for the world to cut him off. In Missouri, that starts with MOSERS. When he is isolated and alone, Ukrainians and Russians will have their countries back. Missouri stands with the Ukrainian people. I’m calling on all other Missouri pension plans to follow suit in ensuring no public funds are used to help prop up the Russian economy as long as these atrocities continue.”

As of Friday, MOSERS holds approximately $13 million in Russian securities within funds worth over $1 billion as part of its Global Emerging Markets allocation.

A copy of his letter to the Executive Director of MOSERS can be found at <https://treasurer.mo.gov/pdf/MOSTO.MOSERSmeetingrequest.28Feb2022.pdf>.