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DiNapoli explains frozen gun investments in pension fund

Thomas DiNapoli
Courtesy NYS OSC
Thomas DiNapoli

Just two days after New York legislators passed first-in-the-nation gun law reforms in response to the Sandy Hook Elementary School shootings, the state’s chief financial officer says pension fund investments in firearm companies have been frozen. Comptroller Thomas DiNapoli spoke on WAMC’s Capitol Connection program.

“Since Newtown, our holdings in Smith and Wesson were sold, so that we don’t have any other holdings there, and we put a freeze on our holdings in Strum Ruger, which is the other commercial firearm manufacturer that we had," DiNapoli said. "Modest holdings, not a huge amount, but we’re going to continue to assess and look at what’s happening with all of our holdings that may impact this industry.”

Hear the entire interview Friday night at 10:30 and Saturday at 1.

Dr. Alan Chartock is professor emeritus at the University at Albany. He hosts the weekly Capitol Connection series, heard on public radio stations around New York. The program, for almost 12 years, highlighted interviews with Governor Mario Cuomo and now continues with conversations with state political leaders. Dr. Chartock also appears each week on The Media Project and The Roundtable and offers commentary on Morning Edition, weekdays at 7:40 a.m.
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