Section 423-A. Northern Ireland related investments  


Latest version.
  • 1. Notwithstanding any
      other  provision  of  law,  on and after January first, nineteen hundred
      eighty-seven, any moneys or assets of the common retirement  fund  which
      shall  remain  or  be  invested  in  the  stocks,  securities  or  other
      obligations of any institution or company  doing  business  in  or  with
      Northern Ireland or with agencies or instrumentalities thereof, shall be
      invested subject to the provisions of subdivision three of this section.
        2. On or before the first day of January of each year, the comptroller
      shall   determine   the   existence   of  affirmative  action  taken  by
      institutions  or  companies  doing  business  in  Northern  Ireland   to
      eliminate ethnic or religious discrimination based on actions taken for:
        (a) Increasing the representation of individuals from underrepresented
      religious  groups  in  the  workforce including managerial, supervisory,
      administrative, clerical and technical jobs.
        (b)  Providing  adequate  security  for  the  protection  of  minority
      employees both at the workplace and while travelling to and from work.
        (c) The banning of provocative religious or political emblems from the
      workplace.
        (d)   Publicly   advertising  all  job  openings  and  making  special
      recruitment  efforts  to  attract   applicants   from   underrepresented
      religious groups.
        (e)  Providing  that layoff, recall, and termination procedures should
      not in practice favor particular religious groupings.
        (f) The abolition of job  reservations,  apprenticeship  restrictions,
      and differential employment criteria, which discriminate on the basis of
      religion or ethnic origin.
        (g) The development of training programs that will prepare substantial
      numbers  of  current  minority employees for skilled jobs, including the
      expansion of existing programs and  the  creation  of  new  programs  to
      train, upgrade, and improve the skills of minority employees.
        (h)  The establishment of procedures to assess, identify, and actively
      recruit minority employees with potential for further advancement.
        (i) The appointment of senior  management  staff  members  to  oversee
      affirmative action efforts and the setting up of timetables to carry out
      affirmative action principles.
        3.  Consistent  with  sound  investment  policy, the comptroller shall
      invest the assets of the common retirement fund in such  a  manner  that
      the  investments  in  institutions  doing  business  in or with Northern
      Ireland  shall  reflect  the  advances  made  by  such  institutions  in
      eliminating discrimination as established pursuant to subdivision two of
      this section.