a.    Most states use a copy of labor department’s rules for state run pensions. 

i.     ERISA(employee retirement income security act of 74) as define the landscape for years.

ii.      DOL and ERISA have been seen as best practices.

b.    The purposed rule changes put some state at odds with the wording

i.     The ESBA rule (at the white house in final review) changes the purview of word fiduciary.  Allowing for esg values as primary precursor for investment

c.     3% of US 401ks and less than 1% of retirement assets have esg investments currently.