Florida Pension

"Texas was one of the first states to pass a restriction on ESG investing... we saw that municipal governments across the state were paying almost half a billion dollars more to service bonds in their communities— that's money that's being diverted away from schools, from roads," said Kelly Mitchell of Documented.

The proposal would require future employees in the Florida retirement system to enroll in a 401(k)-style "investment" plan, and not a pension plan.

A Senate committee on Monday narrowly backed a controversial change in the state pension plan and endorsed an overhaul of the health-insurance program...