Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The White House is urging pension funds to adopt stronger labor standards in private-equity investments. Officials are meeting with leaders of major funds totaling over $1 trillion to push for robust standards. President Biden's @USDOL has finalized a fiduciary rule to protect retirement savings by requiring advisors to act in clients' best interests, aiming to increase savings by up to 20% over a lifetime. The rule has sparked varied reactions, with some praising its benefits for American families while others express concerns about regulatory challenges.
So honored to be at the @WhiteHouse with @ActSecJulieSu NEC Director Lael Brainerd, @AFLCIO Pres @LizShuler @AFTunion Pres @rweingarten & @NABTU Pres @SeanMcGarvey_ discussing need for strong labor standards for private equity funds' trillions of $ of worker pension assets. https://t.co/77tRWn7y1l
It was an honor to join @USDOL @ActSecJulieSu @AFLCIO @LizShuler @rweingarten Lael Brainard & pension fund leaders from across the U.S. @WhiteHouse today. Making sure workers rights are respected in our private equity investments is good for returns — and for a thriving economy. https://t.co/2QsTX7JidS
Today, I had a chance to visit the residents at Lincoln Senior Center to share how I’m working to protect & expand benefits through the #SocialSecurity2100 Act. Our seniors deserve dignity & respect in retirement — and that’s why I’m laser-focused on supporting them in Congress. https://t.co/74Y6j9pPzv
