An Act requiring public pension fund divestment from ammunition and firearms

This bill requires Massachusetts' public pension funds to stop investing in companies that make or sell ammunition and firearms for civilian use. It defines these companies as those deriving more than 15% of their revenue from such products and mandates that the pension board identify all current investments in these firms within 90 days. The legislation directs the fund to sell these holdings over a 12-month period while exempting investments in mutual funds that hold these companies. Ultimately, the bill aims to align the state's retirement investments with its existing gun control laws by removing financial support for the firearms industry.