Start Date: 11/29/2021 2:00 PM EST
End Date: 11/29/2021 3:00 PM EST
In 2020 the U.S. Department of Labor (DOL) issued two rules, despite opposition from CII and many investors, that made it harder for retirement plan fiduciaries to consider ESG factors in their investment decisions and to vote their proxies. Last March, the DOL announced that it was re-examining the rules, and that, pending its review, it would not enforce them. On October 13, 2021, DOL proposed changes to eliminate and revise the most problematic elements of those rules. The DOL’s proposed amendments will be open for comment until December 13, 2021.
On November 29, 2021, CII held a webinar about the DOL proposed amendments 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 the DOL, other federal agencies and Congress.
Michael discussed the DOL’s proposed amendments and shared his perspective on what they mean for private retirement plans and potentially for public pension systems. He also addressed questions and offered guidance on drafting comment letters in response to the proposal.
CII Members may access a recording of this webinar in CII's Event Archive.