PROOF OF CONCEPT: figures shown are example data compiled from public research; verification is ongoing
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At risk

Michigan State Employees' Retirement System

State pension fund · MI
$10M
Bought in total

Added up from the purchase records below on 26 September 2026. A bond leaves "held now" the day it matures.

$10M DCI bond purchased Nov 2023 matured Nov 1, 2025 and was not reinvested, making SMRS the first U.S. state retirement system free of Israel Bonds in 30 years. Treasury confirmed via records request that it holds none and has no pending trades.

Purchase records

AmountBoughtMaturesEndedEvidence
$10MNov 20231 November 2025Michigan Divest / IAC: SMRS drops all Israel Bonds, Dec 8 2025

Sources

Take action

● Help us fill this in

Ask Michigan Office of Retirement Services (SMRS) for the records

Nobody reports Israel Bonds purchases centrally, and we found no public disclosure from this office. One email gets you the answer, and the law is on your side.

To: DTMB-ORS-FOIA-Requests@Michigan.gov
Subject: Public records request: Israel Bonds holdings

To the records officer of Michigan Office of Retirement Services (SMRS):

Under the Michigan Freedom of Information Act, I request all records of purchases, holdings, sales, and maturities of bonds issued by the Development Corporation for Israel (Israel Bonds) or by the State of Israel, held by Michigan Office of Retirement Services (SMRS), including amounts, purchase dates, coupon rates, and maturity dates, from January 1, 2015 to the present.

I am a resident of Michigan. Please acknowledge receipt of this request and respond within the time required by law. If any portion is withheld, please cite the specific legal exemption and release all non-exempt material.

Thank you,
[Your name]
[City, MI]
Records contact: DTMB-ORS-FOIA-Requests@Michigan.gov
Prefer to call? 517-284-4400
Call script: "Hello, my name is [your name] and I am a Michigan resident. I am calling to ask whether Michigan Office of Retirement Services (SMRS) currently holds, or has ever purchased, Israel Bonds issued by the Development Corporation for Israel, and in what amounts. I would also like to know how to file a public records request for these holdings. Thank you."