February 2017 – Millenials, Money & Investing

US SIF Statement on Updated ERISA Guidance on Shareholder Rights

January 25, 2017

On December 29, 2016, the Department of Labor (DOL) rescinded Interpretive Bulletin 2008-2 relating to the Exercise of Shareholder Rights and replaced it with Interpretive Bulletin 2016-01 (www.dol.gov/newsroom/releases/ebsa/ebsa20161228) which reinstates the language of Interpretive Bulletin 94-2 with some modifications. US SIF supports this change as IB 2008-2 was not only inconsistent with prior guidance, but

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