Government pension plans provide a sense of security to millions of workers globally — allowing workers to sleep more soundly knowing they will have money to support themselves and their families. But most pensioners have no idea where their money is actually being invested.

Imagine the horror of discovering that your family’s security is actually being attained by separating someone else’s family. This is precisely what just happened in Canada as pensioners discovered their money was being invested in private prisons — providing a wake-up call for all of us to pay more attention to where our money spends the night. But as Canada has just shown us, this problem has a clear remedy — the ability to divest pension plans from private prisons that separate families as their primary business model.

In late 2020, Canada’s Public Sector Pension Investment Board (PSP), which invests $170 billion worth of pensions belonging to federal government employees like public service workers and employees, bought over 600,000 shares of US private prison companies GEO GEO -2.6% Group and CoreCivic. According to a February 12th 2021 report filed with the SEC, that totaled about $4.7 million to the companies who have been found to be key players in family separation and continued detainment of migrants suffering from Covid-19.

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