The court found the law improperly allowed political considerations to influence pension investments, violating the state constitution’s requirement to benefit retirees exclusively.
The ruling blocks enforcement of the law against OPERS but leaves its application to other state entities intact, with similar laws facing challenges nationwide.
Does banning top financial firms ultimately help or harm the retirement funds of public employees?
With the anti-boycott law void for pensions, what's next for other Oklahoma state agencies?
Will blacklisted firms like BlackRock now regain access to Oklahoma's largest pension system?
A state constitution violation or a free speech issue: which legal argument is the greater threat to anti-ESG laws?
Is avoiding ESG a political goal or a true fiduciary duty to maximize pension returns?