Analysis

4 Takeaways As DOL Mulls Climate Risk For Retirees

By Kellie Mejdrich (May 20, 2022, 8:24 PM EDT) -- The U.S. Department of Labor's employee benefits arm received more than 130 comments after requesting input on actions the agency could take to protect workers' retirement savings from climate-related financial risks.

The U.S. Department of Labor's Employee Benefits Security Administration requested feedback in February on specific examples of actions the agency could take to protect the pensions and life savings of workers and their families from climate-related financial risks. Comments were due by May 16.

EBSA said its request was made in response to executive actions from President Joe Biden in 2021 establishing a whole-of-government approach to climate-related financial risk.

Benefits attorneys...

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