Stand for Pension Integrity: Public Money Deserves a Public Investment Record
The Arkansas General Assembly
Arkansas teachers, public employees and retirees deserve to see the financial reasoning behind major pension commitments.
September records show $25 million in Israel Bond positions in APERS custody reporting as of September 7, 2026. ATRS's $50 million manager-account funding completed January 2, 2026, and that account bought a $9.9 million Israel Bond on February 17. The $9.9 million bond is part of the $50 million funding, not additional to it. Allocation of APERS's reported positions among APERS-administered systems remains unresolved.
The records contain substantive professional work, including Aon's manager-selection advice. The question is which decision-specific credit, alternatives, liquidity and portfolio-fit analysis supported the underlying investment decisions and where members can read it.
We are asking Arkansas legislators to help develop and support the Pension Investment Integrity Act for the 2027 regular session. The proposal would require written financial work before a covered pension acquisition of non-tradable sovereign debt and public posting of the core record within 30 days afterward. It would apply prospectively and regardless of issuer. Pension trustees would retain the investment decision.
Add your support for a public investment record. Read the current evidence and sources at https://arpensions.org/evidence/ and the policy proposal at https://arpensions.org/legislators/.
This is a campaign proposal, not enacted law. No bill number or legislative sponsor is announced in this petition text.
Sponsored by
To:
The Arkansas General Assembly
From:
[Your Name]
To members of the Arkansas General Assembly:
We ask you to help develop and support the Pension Investment Integrity Act proposal for the 2027 regular session.
For covered pension acquisitions of non-tradable sovereign debt, require:
1. A written credit analysis before acquisition.
2. A comparison with reasonably available alternatives on risk, expected return and liquidity.
3. A plain-language explanation of transfer restrictions and limited marketability.
4. A written financial determination connecting the decision to members' interests and portfolio fit.
5. Public posting of the core analysis and determination within 30 days after the acquisition, with narrow, explained protection of legally confidential details.
The proposal should be prospective and issuer-neutral, with trustees retaining the final investment judgment. Please resolve manager and pooled-vehicle coverage clearly in the bill so that responsibility for the analysis and the acquisition triggering public posting are unambiguous.
Pension members deserve to see the financial work supporting these decisions. Please request a source and drafting briefing and consider sponsoring the proposal.
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