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Massachusetts State Pension Fund Has Little In Gun Stocks

Like many states, Massachusetts is looking at its investments in the firearms industry in the wake of the Sandy Hook School shootings.    WAMC’s Paul Tuthill reports

The $51 billion  Massachusetts public employee pension fund has about $ 28 million, or .05 percent invested in companies related to the firearms industry.   The report was released by Massachusetts State Treasury Steven Grossman, who had sought the review of the pension fund’s portfolio.   Grossman, in a statement said no decision had been made on a divestment, or using the pension fund’s leverage to influence gun manufacturers.  Grossman called for reinstatement of the federal ban on assault weapons that lapsed in 2004.

The record-setting tenure of Springfield Mayor Domenic Sarno. The 2011 tornado and its recovery that remade the largest city in Western Massachusetts. The fallout from the deadly COVID outbreak at the Holyoke Soldiers Home. Those are just a few of the thousands and thousands of stories WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has covered for WAMC in his nearly 17 years with the station.