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Praise for DOL's New Rules for Economically Targeted Investments
Pension Rights Center Link to more items from this source
[Opinion]
Oct. 23, 2015

"Clean oceans and clean air, full employment, livings wages, a hospital that might serve plan participants -- those are the primary goals of good government and the charitable sector, but they can be only a collateral goal for ERISA fiduciaries. A plan fiduciary should strive first to be a Warren Buffet, not a Mother Teresa. But when we can do well by doing good, we should do both. One might even say we have a non-ERISA fiduciary obligation to each other and to future generations to do so," [said Karen Friedman, executive vice president and policy director.]

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