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March 29, 2022Topeka, Kan. |  By: AP

Kansas employee pension system halts Russia investments

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TOPEKA, Kan. (AP) - Trustees who oversee the Kansas Public Employee Retirement System have voted to halt future investments in Russian assets amid the country's invasion of Ukraine.

The Topeka Capital-Journal reports that while some board members initially pushed for a full divestment, others said they would rather focus on the future and noted the fund's current holdings in the country have been largely liquidated anyway.

Kansas has $36 million invested in Russian equities, as of Feb. 25. That accounts for about 0.14% of the pension fund's total investments.