retirement funds

Pension Funds Reconsider Investments in Gun Makers

Posted on 12/24/2012 by | General News | Comments

Bulletin Today | Money & Savings | PoliticsBy Michael Gormley of The Associated Press ALBANY, N.Y. (AP) — From California to New York, teacher and public-worker retirement funds are reconsidering their investments in gun makers and confronting an uncomfortable fact: Their pensions have supported the manufacture of deadly weapons, in some cases the same type of gun used in the Connecticut school shooting. For years, the gun industry has been a reliable investment, attracting tens of millions of dollars from some of the nation’s largest retirement funds. …