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Local leaders praise Russian divestment

‘The right thing to do’

CRANBERRY TWP — Around the nation, financial and government institutions are pushing to withdraw from Russian investments.

Local officials think it’s the “right thing to do.”

Eric DiTullio, president of the Seneca Valley School Board, said the state’s public school teachers retirement fund made the call in early March to divest from both Russian and Belarusian funds as Russia invaded Ukraine.

The board chairman of the Public School Employees’ Retirement System, or PSERS, brought the idea to the full, 15-member board of trustees, according to DiTullio.

DiTullio serves on the board as a representative of the state school boards’ association.

Given there are 15 members of the PSERS board, DiTullio said there are “people with different political affiliations.” Regardless, he said, there was no dissent in divesting from Russian assets.

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