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. The firearms business has been strong, driven by relaxed laws for carrying concealed handguns and by buyers who feared that tighter gun restrictions were more likely under President Obama.
But after the bloodbath in Connecticut, the practice is under review in at least four states, including two of the most populous, California and New York.
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