Opt-outs could be added to the program to satisfy objections to compulsory savings or the requirement could be placed on employers instead. It’s the retirement savings equivalent of a Medicare-for-All proposal, with the same kinds of promises of efficiency. I’m all for investors choosing to make their investments based on a higher standard than merely that companies follow the law. “The reviews by the third-largest U.S. state pension system, with $211 billion under management, could set the tone for other retirement plans facing public concerns about climate change. ”If that name sounds familiar, that’s the same individual who previously used his control over New York State pension assets to attempt to push General Motors to make concessions to striking workers.

Source: Forbes February 07, 2020 22:23 UTC