CalSTRS to divest from Core Civic and GEO Group
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In California it is mandatory for all full-time public educators and staff to pay into a retirement plan that has over 14 million dollars invested in Core Civic and GEO Group who fund private for-profit prisons and immigrant detention centers.
The problems that plague private for-profit prisons and immigrant detention centers:
- prisoners who are being held in private prisons may serve sentences that are up to 7% longer than prisoners who are in public prisons serving a similar sentence. This is directly correlated to the profit-potential that each prisoner provides the organization that is overseeing the incarceration.
- Private prisons see up to 50% more violence when compared to public prisons with regards to inmate-on-officer assaults. For-profit facilities also see over 60% more inmate-on-inmate assaults. This is often due to low officer staffing levels that are in private facilities. Some officer-to-prisoner ratios in private prisons can exceed 1 officer to every 120 prisoners.
- Because prisoners are required for a private prison to be profitable, their budgets are never 100% certain. To solve this problem, there are several instances of corporations working with local systems of justice to extend sentences to longer lengths or charge with higher-level crimes for longer sentences.
CalSTRS divestment from Core Civic and GEO Group is the right course of action to ensure public safety is a priority to all its members.
Please sign this petition to bring attention to an investment that needs to be dissolved and funds that can be redirected to better the community.
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