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Search Tags: socially responsible investment
Senior Correspondent Mike Causey wants to know: Do you think you could make more money, or be more supportive of causes to endorse, if Uncle Sam would broaden your investment options?
A new bill would allow federal employees to contribute toward their retirement by investing only in companies deemed socially responsible. The "Federal Employees Responsible Investment Act," introduced this week by Rep. Jim Langevin (D-R.I.) and Sen. Sheldon Whitehouse (D-R.I.), would require the Federal Retirement Thrift Investment Board to add a "Corporate Responsibility Index" to the existing five investment options available to federal employees.
The Government Accountability Office compared an existing socially responsible investment stock index to the stock portfolio of the federal Thift Savings Plan and discovered several barriers existed for feds hoping to adopt a more socially conscious approach to their retirement planning.