H 2480

This bill requires Massachusetts to divest its state pension funds from companies involved in nuclear weapons production within 12 months of enactment. Specifically, it directs the Pension Reserves Investment Management Board to identify all holdings in companies that develop, test, produce, maintain, or trade nuclear weapons or nuclear weapon systems within 30 days, and then sell or withdraw all direct investments in these companies within one year. The legislation establishes this divestment as official state policy and applies to the pooled investment fund that manages retirement assets for state employees, teachers, and local retirement systems, though it exempts indirect holdings in actively managed investment funds. This measure would align Massachusetts pension investments with a policy stance against nuclear weapons proliferation by ensuring public retirement funds are not supporting the nuclear weapons industry.