Warren vows to resurrect DOL fiduciary rule, push to pass Butch Lewis Act
Warren says will “work with labor leaders, policy experts, fund counsel, actuaries, and benefits specialists" to create policy to help financially challenged pension plans.
By Melanie Waddell|October 08, 2019 at 02:07 PM|The original version of this story was published on ThinkAdvisor
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Sen. Elizabeth Warren, D-Mass., vows to restore the Labor Department’s vacated fiduciary rule if she is elected president.
In a 14-page labor manifesto released Thursday, Warren states that as part of her plan to defend worker pensions and other retirement savings, she will restore the Labor Department’s fiduciary rule that was vacated by the U.S. Court of Appeals for the 5th Circuit “that the Trump administration delayed and failed to defend in court, so that brokers can’t cheat workers out of their retirement savings.”
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