Massachusetts S1869 mandates public pension fund divestment from ammunition and firearms.
Massachusetts S1869 requires the Pension Reserves Investment Trust and the Pension Reserves Investment Management Board to divest from ammunition and firearms. The public fund must identify and report all holdings in ammunition, firearm, or firearm accessory manufacturing or retailing companies within 30 days of enactment. The fund must sell these holdings within 12 months. The act exempts the fund from conflicting obligations and indemnifies board members, officers, and employees from liability related to divestment decisions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.