An Act relative to the divestment of state pension funds from nuclear weapons

This bill directs Massachusetts' state pension fund to stop investing in companies that develop, produce, or maintain nuclear weapons. The legislation requires the fund to identify all such holdings within 30 days and sell them off over the next 12 months, while also asking mutual fund managers to remove these companies from their portfolios. Although the law mandates this divestment, it allows the fund to pause or reverse the process if the financial impact on the total portfolio value drops below a specific threshold. The measure explicitly exempts the pension board from conflicting investment rules to ensure compliance with these new restrictions.