ALEC Model Policy Would Remove Politics from Pension Investment Decisions: Jonathan Williams in Bloomberg Law
Lawmakers are interested in protecting state pensions.
Jonathan Williams, ALEC Chief Economist and Executive Vice President of Policy, recently told Bloomberg Law lawmakers across the country are interested in protecting the hard-earned retirement savings of state employees from politically motivated investment schemes.
ALEC’s model pension bill would remove politics from pension investment decisions to better protect financial returns for retirees, said Jonathan Williams, the council’s chief economist and executive vice president of policy. It’s too early to tell which state legislatures will ultimately pass laws this year to address the “weaponization” of ESG, but most center-right states will try, he said.
“There’s a lot of interest in this concept,” Williams said.