PESP calls itself a nonpartisan "watchdog."
Its political arm has donated to zero Republicans and hundreds of thousands to Democrats — bankrolled by Soros's Open Society.
@InsideSourcesDC has the receipts.
https://t.co/YB96ZD0Xr0
"American workers, not trial lawyers, should benefit from Trump’s retirement savings reform"
Read more from our op-ed on @USDOL's proposed rule to implement President Trump’s executive order freeing 401(k) savers to invest in alternative assets in @WashTimesOpEd
Read more: https://t.co/0qC7LQGcJC
"Without robust safe harbors, Trump's executive order risks becoming the next opportunity for 'excessive fee' or fiduciary breach lawsuits that would enrich attorneys far more than they reliably benefit participants," Eric Ventimiglia writes.
32 Senate Republicans just sent a letter to DOL urging support for the proposed rule opening 401(k) plans to alternative assets.
Nearly 90 million Americans have been locked out of the returns pension funds enjoy for decades.
That gap is finally closing.
https://t.co/ffBNypYyl6
Wonder if Oren’s dumping on Trump’s tax cuts came up:
“I liken it to a death march through a series of choices that nobody really wanted to be making. Nobody really has a case for it, and it’s not clear why it’s happening. I guess that might be the best that can be said for it.”
Montana just made the largest income tax cut in state history. And it still has the highest income tax rate in the region.
Wyoming: no income tax. South Dakota: no income tax. Idaho and Utah: actively cutting.
Montana can't afford to stand still.
Governor Gianforte's HB 337 is a real step, lower top rate, expanded lower bracket, doubled Earned Income Tax Credit.
But the goal has to be a flat tax. One rate. Simple. Competitive.
The full case: https://t.co/sY0AxTcItJ
For years, excessive-fee lawsuits produced big paydays for trial lawyers, and settlements worth "a round of golf" for actual retirement savers.
The people supposedly being protected were an afterthought.
EBSA head Daniel Aronowitz is ending that racket.
Less regulation by litigation. More discretion for fiduciaries acting in good faith.
That's how you build a retirement system that works for American workers.
https://t.co/xFJFAZeMIj
Only 4% of 401(k) plans offer any alternative investments.
Public pension funds for teachers and government workers? They allocate 20% to alternatives.
The gap isn't about suitability. It's about regulatory ambiguity and litigation fear.
The Trump DOL rule fixes that by creating a six-factor safe harbor that gives fiduciaries a clear, documented process to offer private equity, real estate, and private credit without fear of meritless lawsuits.
Here's what it actually does:
https://t.co/2tmTdcQnQi
PESP says private equity-heavy markets are the worst for renters.
In its own top markets: Austin rents are down 5%. Dallas down 5.77%. Charlotte down 2.1%. Orlando down 2%.
The markets that PESP single out have falling rents.
Ted Siedle has made a career targeting public pension funds with sensational reports.
His 2021 Ohio hit job was refuted by state auditors. The group that hired him now faces a corruption and bribery lawsuit.
Now he's back — this time targeting CalPERS, the nation's largest public pension fund.
https://t.co/ZzzS3OEiUi
Siedle claimed CalPERS refused to cooperate with his investigation.
After publishing, he admitted CalPERS had sent him a link to 20,000+ documents.
He couldn't access it. CalPERS mailed him a DVD.
He admitted he hadn't reviewed any of it.
Genuine pension oversight requires intellectual honesty. This report has none.