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A pension fund for Florida teachers invested in the company that made the gun used in the recent massacre.(Bloomberg) –As Florida teachers grieve over the mass shooting that left 17 students and colleagues dead last week, some of them may be surprised to learn they’ve been helping fund the firearms industry—including the company that made the gun used that bloody Wednesday.
A state pension plan for Florida teachers held 41,129 shares in American Outdoor Brands Co. valued at more than a half-million dollars, according to a Dec. 31 securities filing listing the plan’s holdings. Formerly known as Smith & Wesson, Springfield, Massachusetts-based American Outdoors manufactured the semiautomatic AR-15 assault rifle that was used in the Feb. 14 attack on the Marjory Stoneman Douglas High School in Parkland, Florida.
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The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.
CVS Health's Aetna unit and Elevance Health last week turned their backs on part of the Medicare plan market.
Retirement plans were a hot button issue for union workers, who wanted Boeing to bring back their lost pension plans, however, Boeing said they were “prohibitively expensive.”
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