MA H49

Requires the Massachusetts Pension Reserves Investment Trust to divest from companies deriving more than 15% of revenues from manufacturing or selling firearms, ammunition, or firearm accessories for civilian (non-law enforcement/non-military) purposes

Mandates identification of all covered holdings within 30 days of enactment and complete divestiture of direct holdings within 12 months

Exempts indirect holdings in actively managed funds, but requires the pension fund to request fund managers remove covered companies or create alternative investment options

Allows divestment to cease if portfolio value drops to 99.5% or less (50 basis points) of what it would have been without divestment, with written justification required to the attorney general and legislative committees

Provides full indemnification from the General Fund for board members, state employees, and investment managers for any claims arising from divestment decisions