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The Garden State's pension fund is cutting ties with a Florida company that runs almost a dozen ICE detention centers. In a move that's in line with Governor Phil Murphy's pro-immigrant beliefs, New Jersey is selling $1.3 million in stock it has for GEO Group.
According to NorthJersey.com, both the deferred comp fund and the pension fund have investments in GEO Group and CoreCivic, a Tennessee-based company that runs immigrant detention centers. After the online newspaper and The Record asked about the investments, a spokeswoman for state Treasurer Elizabeth Maher Muoio's office announced the pension fund's decision to sell the stock.
However, the deferred comp fund is holding on to their $981,000 in stock which was purchased in July.
Read the NorthJersey.com story here.