Event Calendar
Webinar: The Labor Department’s Proposal to Tighten ERISA Rules on ESG
Date(s): July 1, 2020
Time: 11:30 AM EST - 12:30 PM EST
On June 24, the U.S. Department of Labor (DOL) proposed amendments to the Employee Retirement Income Security Act (ERISA) that would codify the agency’s current position that plan fiduciaries must select investments and act based solely on financial considerations relevant to risk-adjusted economic value. The proposal appears to ratchet up previous DOL guidance cautioning plan fiduciaries about incorporating environmental, social and governance factors into investment policies.
CII hosted a webinar for members about the DOL proposal with Michael Kreps, a principal with the Groom Law Group. Michael specializes in issues relating to public policy, fiduciary responsibility, and plan funding and restructuring. He routinely represents both private and public sector clients before federal agencies and Congress. He discussed the DOL’s proposed amendments and share his perspective on what they mean for ERISA plans and potentially for public pension systems, many of which use ERISA as a model.
CII Members may listen to a recording of this presentation in our Media Archive.