Massachusetts H49 mandates public pension fund divestment from ammunition and firearms.

Massachusetts H49 requires the public pension fund to divest from companies involved in ammunition, firearm, or firearm accessory manufacturing or retailing. The fund must identify and report these holdings within 30 days of enactment. It must sell, redeem, divest, or withdraw from these companies. The fund can cease divestment, reinvestment, or continue investment only if the asset value drops to 99.5% or less. The fund must submit annual reports detailing divestment actions and holdings.

Massachusetts H49 mandates public pension fund divestment from ammunition and firearms.

Massachusetts H49 requires the public pension fund to divest from companies involved in ammunition, firearm, or firearm accessory manufacturing or retailing. The fund must identify and report these holdings within 30 days of enactment. It must sell, redeem, divest, or withdraw from these companies. The fund can cease divestment, reinvestment, or continue investment only if the asset value drops to 99.5% or less. The fund must submit annual reports detailing divestment actions and holdings.