Two multibillion-dollar state pension funds have not met Gov. Rick Perry's deadline for plans to divest from companies doing business in Iran.
But the governor's office said progress is being made. In late September, Perry asked the Teacher Retirement System and the Employees Retirement System to submit divestment plans within 30 days.
The employees system's board is scheduled to take up the issue later this month. The teacher system's board plans to consider a new investment policy at a mid-December meeting.
Perry called for the Iran divestment after meeting this summer with Israeli officials. He called Iran "a country that has a clear terrorist focus" and is bent on destroying Israel.
Bill Ceverha, chairman of the Employees Retirement System, says the board wants to work with Perry but the fund doesn't belong to the state.
