Pittsburgh’s Mayor Wants to Divest City Pension Funds from Gun Companies

by
posted on June 6, 2019
pittsburgh.jpg

Using a financial bullying tactic, Pittsburgh Mayor Bill Peduto renewed his efforts to push his gun-control agenda by targeting firearms manufacturers.

 In a letter dated May 31, Peduto asked the Board Members of the Comprehensive Municipal Pension Trust fund to divest from firearms and ammunitions companies in the city’s investment fund valued at about $463 million.

 America’s First Freedom has documented efforts by politicians and companies to erode Second Amendment rights by exerting financial pressure on pensions and institutional investments. At the same time, city mayors continue to advocate anti-gun political opinions by enforcing ordinances targeting law-abiding gun owners and their businesses. Peduto is a notable figure in the movement.

 A recent study by the Center for Retirement Research at Boston College suggests “social investing” may not be beneficial overall to the health of public pension funds, as Peduto has requested of the pension trust board to consider doing. Pittsburgh carry advocates have protested against the mayor’s political advocacy.

 Meanwhile, two pro-gun U.S. senators submitted a bill this month to counter efforts to prohibit financial discrimination on firearm and ammunitions companies.

Latest

The Armed Citizen
The Armed Citizen

The Armed Citizen® November 22, 2024

True stories of the right to keep and bear arms

Now They Want to Use Toy Gun Control as an Excuse for Actual Gun Bans?

Some gun-control “experts” really want to ban young adults from lawfully possessing firearms by citing old state laws that include regulations on toy guns.

This Olympian Has Something Important to Say

Vincent Hancock has a lot to say, but most people just want to know how he accomplished all he has.

From the Editor | The Bullseye

We all need range time, but this day at the range brought more than expected.

Standing Guard | The NRA Comeback

The backbone of the NRA is its millions of members.

What Will 2025 Bring?

The future should hold more victories than defeats throughout the courts.



Get the best of America's 1st Freedom delivered to your inbox.