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Twenty States Have Passed, or Are Considering, Divestment Laws, for Pension Funds
Forbes; subscription may be required 
May 1, 2008
Excerpt: Divestments will, however, hurt U.S. taxpayers if Iran-tainted stocks are sold at depressed prices. Fund managers at Calstrs predict that its substitute non-Iranian stocks will yield $200 million a year less in returns. This year, from the 20 states enacting legislation, $8 billion in total divestment can be expected with $70 million in transaction costs. Any losses will be borne by taxpayers, who are on the hook for public employee pensions.
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