Posted on September 13, 2017 (June 10, 2020) Challenging Corruption Share: Can you help us urge CalPERS to divest from Trump SoHo? On Monday, September 18 and Tuesday, September 19, the California Public Employees’ Retirement System will hold its next Board meeting in Sacramento. We are urging our supporters to attend this meeting and to voice their concerns about CalPERS’ investment in the Trump SoHo Hotel Condominium. Here are three easy ways you can take action: Attend a meeting (Details are below) Submit an Letter to the Editor (Use our form, here) Share our campaign on social media Attend a CalPERS Board Meeting WHAT: CalPERS September 2017 Board Meeting WHERE: CalPERS HeadquartersRobert F. Carlson AuditoriumLincoln Plaza North400 P StreetSacramento, CA 95811 WHEN: Monday, 9/18 — Arrive no later than 9:45amTuesday, 9/19 — arrive no later than 12:45pm If you attending on Monday, 9/18, please arrive no later than 9:45am. When you arrive at the CalPERS meeting, ask where to sign up to make a public comment. Public comments will be allowed at the end of the open session, and commenters will have an opportunity to speak for 3 minutes. Here is the investment committee agenda on September 18. If you are attending on Tuesday, 9/19, please arrive no later than 12:45pm. When you arrive at the CalPERS meeting, ask where to sign up to make a public comment. Public comments will be allowed at the end of the open session, and commenters will have an opportunity to speak for 3 minutes. Here is the link to the agenda for that session which is the meeting of the Risk and Audit Committee. Resources Here are key talking points you can use to inform your public comments: CalPERS is paying millions to a private equity fund manager for an underperforming investment in one of Trump’s shadiest real estate deals, the Trump SoHo. CalPERS’ private equity investments have been a lightning rod for corruption and controversy. CalPERS payments to CIM Fund III are violating the U.S. Constitution and enabling the most corrupt president in our history. CalPERS can and should take action to protect its members from this toxic investment. Free Speech For People laid out 5 concrete steps CalPERS can take immediately: Request and disclose a full accounting of the performance and management fees that CalPERS has paid to CIM Fund III from November 9, 2016 to the present, including the purpose and nature of the fees. Request and disclose a full accounting of the payments that CIM Fund III has made to Trump International Hotels Management LLC from January 20, 2017 to the present, including whether CIM Fund III used any performance and management fees to make those payments. Request that CIM Fund III cooperate fully with any investigative requests from Special Counsel Mueller with respect to the suspicions of the use of Trump SoHo for ongoing money laundering. Request that CIM Fund III provide an accounting of the potential losses or gains that would result from liquidation of Trump SoHo from the fund. Provide an analysis of the implications of (a) divesting from CIM Fund III, (b) having CIM Fund III liquidate Trump SoHo, and (c) having CIM Fund III terminate its arrangement with Trump International Hotels Management LLC to manage and market Trump SoHo. Here are key talking points you can use to inform your public comments: [Download PDF] Write a Letter to the Editor Use our form to submit your letter and lookup your local newspaper editor. Click here.