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Bay Buzz

The staff of the Tampa Bay Times

Council candidate Seth Nelson wants Tampa pension board to look at investment policies

20

September

Seth Nelson, a family law attorney running for the city-wide District 3 Council seat, wants Tampa's general employees pension board to stop investing in companies that do business with Iran. "Our tax dollars should not fund terrorism or governments that support terrorism," Nelson said in a prepared statement. "That seems simple enough and you would think every American would agree with that premise."

Nelson wants the city to follow the lead of the Florida lawmakers who in 2007 required the state pension board to divest itself of investment in companies doing business with Iran and Sudan. The city's police and fire pension board also passed a divestment policy last month. "The aggregate effect of pension boards around the country divesting will force companies to make a choice: do business with Iran, or do business with America," Nelson said. "It’s time for Tampa to do its part and show companies the cost of doing business in Iran and Sudan."

And speaking of City Council candidates: Stanley Gloster, a candidate for Tom Scott's District 5 seat, was among those at Michael Steele's "Fire Pelosi" bus tour stop in Tampa. He said if elected he will propose that council members take a 5 percent pay cut (they make about $40,000 a year) and for the mayor to take a 15 percent pay cut. (That position pays $150,000 a year.)

Janet Zink, Times Staff Writer

[Last modified: Wednesday, September 22, 2010 11:22am]

    

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