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Multiemployer Plans: DOL Releases Final Rule on ESG Factors and Proxy Voting (PDF)
Reid and Riege, P.C. 
[Guidance Overview] Dec. 21, 2022 "[U]nder the 2020 rules it could be argued that a Taft-Hartley fund, selecting between two similar investments, was forbidden from considering whether a particular investment would utilize union labor, as that would likely have been a 'non-pecuniary factor.' The new Final Rule forecloses such an issue, and provides fiduciaries with more clarity and freedom when making decisions to invest plan assets." |
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