State Treasurer Deborah Goldberg, State Representative Lori Ehrlich (D-Swampscott) and State Senator Cynthia Creem (D-Newton) have co-sponsored legislation to divest Massachusetts public pension assets from ammunition and firearms companies. The bill, An Act requiring public pension fund divestment from ammunition and firearms, would require the Massachusetts Pension Reserves Investment Management (PRIM) Board to divest state funds from companies that derive more than 15% of revenues from the sale or manufacture of ammunition, firearms or firearm accessories used for civilian purposes.
For additional information, see the Treasurer’s press release of March 15, 2018.