SD 129

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 companies that develop, test, produce, maintain, or trade nuclear weapons or nuclear weapon systems in which the state pension fund holds investments, and then sell or withdraw all direct holdings in these companies. The legislation establishes a formal policy prohibiting future pension fund investments in nuclear weapons producers, though it exempts indirect holdings in actively managed investment funds (requiring only that fund managers be notified and requested to remove such companies). The bill aims to ensure Massachusetts public employee retirement funds are not used to support the nuclear weapons industry.