Rescuing Retirement: A Bold New Proposal

VEA Vice Chair Nell Minow attended a meeting on Capital Hill to discuss a new proposal for a portable retirement account available to all workers.  Some of the highlights: By 2050, if we make no changes, 1/3 of the elderly will be living in poverty.  This is “an issue for everyone,” said Randi Weingarten, President…

Report: Pensions in a Changing Climate

A new report from Share Action finds that pension funds are not doing an adequate job of disclosing climate risk in their portfolios. The most striking finding of our analysis reveals that over 60% of pension funds publish little or no information on their climate responses, placing them at risk of breaching their legal duties…

David Webber on Employee-Funded Capitalism: “Labor’s Last Best Weapon”

In the subtitle of his highly recommended new book, The Rise of the Working-Class Shareholder, David Webber calls employee pension funds “Labor’s Last Best Weapon.” He says that working-class employees could be a powerful force for sustainable economic growth through their pension funds. In an interview, Webber talked about the opportunities and challenges in making the…