Department of Labor proposes rule to add political directives to retirement savings

[Vambo]

UNEVEN PLAYING FIELD

Critics say new Biden rule would coerce workers into supporting Dem causes

The administration says the rule will make it easier for retirement plans to offer 401(k) funds focused on ESG (environmental, social and governance) objectives. In fact, the rule will coerce workers and businesses into supporting progressive policies. 

An important Trump Labor rule last fall reinforced that the Employee Retirement Income Security Act (Erisa) requires retirement plan fiduciaries to act "solely in the interest" of participants. The rule prevented pension plans and asset managers from considering ESG factors like climate, workforce diversity and political donations unless they had a "material effect on the return and risk of an investment." The rule effectively barred plans from placing workers who don’t select a 401(k) fund option into a default ESG fund. 

[calfoxwc]

right. so if you invest in that, you HAVE to vote democratic liberal garbage.

just as much a corrupt power play as bringing in illegals by the tens of thousands to eventually

have no choice but to vote for the left.

They must be stopped by reps or America is lost.

 

[Axe]

As kind of an aside

Imagine how bad we could mess with the IRS if everyone withdrew $601 from their accounts and deposited it right back, every single day for a few months. They can’t audit 75 million of us.

[bigbambo]

Illegals are the smoke cause people like Zuckerberg are just buying the people who handle the votes......they are dirty to the core.  Never cared for cheaters

https://apnews.com/article/elections-facebook-mark-zuckerberg-d034c4c1f5a9fa3fb02aa9898493c708