Tag: ERISA
Proposed rule says that private pension plans cannot sacrifice return for other considerations. On June 23, the Department of Labor announced a proposed rule strongly limiting ESG (or “social”) investing for private pension plans covered by the Employee Retirement Income Security Act of 1974 (ERISA). I applaud this rule. Pension fund investing is not…
New Labor Department rule changes default retirement plan disclosure from paper to electronic. On May 27 the U.S. Department of Labor (DOL) issued a new rule that would shift the way participants receive information about their retirement plan. To date, the default has been paper, with the participant having the ability to opt for electronic…
