29 02, 2024

DB vs. DC: Wednesday Senate Hearing Dives Deep Into ‘Retirement Crisis’

2024-02-29T11:05:55-08:00February 29th, 2024|Categories: Retirement|Tags: , , , |

By Brian Anderson Source: 401(k) Specialist That’s how Sen. Bernie Sanders (I-VT), Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, kicked off a hearing in Washington Wednesday titled, “Taking a Serious Look at the Retirement Crisis in America: What Can We Do to Expand Defined Benefit Pension Plans for Workers?” Most speakers during the 90-minute hearing expressed a desire for a shift back to defined benefit pension plans while other speakers, including HELP Committee ranking member [...]

1 03, 2023

DOL’s priorities include SECURE 2.0, ESG rule, EBSA head says

2023-03-01T17:02:53-08:00March 1st, 2023|Categories: ESG|Tags: , , , |

By Courtney Degen Source: Pensions & Investments The Labor Department's 2023 priorities include implementing SECURE 2.0 and its new ESG rule, while aiming to improve communication with plan participants and beneficiaries, Lisa M. Gomez, assistant secretary of labor for the Employee Benefits Security Administration, said Tuesday. The department finalized a rule in November that allows retirement plan fiduciaries to consider climate change and other environmental, social and governance factors when selecting investments and exercising shareholder rights, also overturning two [...]

8 12, 2022

The Mid-Term Results and What They Mean for ESG and SECURE 2.0

2022-12-08T08:10:47-08:00December 8th, 2022|Categories: ESG|Tags: , |

By Paul Mulholland Source: PlanSponsor This year’s midterm elections resulted in Democrats keeping their narrow lead in the Senate but losing control of the House to Republicans. Republicans are expected to have a nine-seat majority in the House, and Democrats will either have a one-seat majority or the tiebreaking vote in an evenly split Senate, pending the result of the Georgia runoff election on December 6. With the House changing hands, some key committee gavels will switch from Democrat [...]

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