Support Lori Chavez-DeRemer for Secretary of Labor
CONGRESS AGREES -- ESOPs INCREASE RETIREMENT SECURITY,
PROTECT OUR ECONOMY, AND PROVIDE BETTER JOBS FOR WORKERS
SO WHY DO CAREER DOL BUREAUCRATS
HAVE A CLEAR, ONGOING BIAS AGAINST ESOPs?
END DOL’S WAR ON ESOPs
SUPPORT LORI CHAVEZ-DeREMER FOR SECRETARY OF LABOR
Lori Chavez-DeRemer understands and appreciates how ESOPs benefit workers, communities, and businesses alike. In Congress, she supported ESOPs, keeping with decades of bipartisan support for employee ownership.
Yet career DOL staff have chosen to defy Congress, even attempting to possibly regulate ESOPs out of existence.
New leadership can end the DOL bureaucracy’s longstanding bias against ESOPs and help unleash the tremendous economic power of employee ownership.
How ESOPs Benefit Everyone
In simple terms, for 50 years ESOPs have been retirement plans in which employees earn ownership shares of the business where they work. But ESOPs are much more. By aligning the interests of the business with its workers (employee owners), ESOPs benefit everyone. This earned “sweat equity” share can be the new American Dream, if it’s allowed to expand. And ESOPs are not even controversial – except to DOL. ESOPs are proven to benefit:
Workers
- Better retirement
- More job satisfaction
- Greater job stability
- More corp transparency/accountability
- Excel at providing training/financial literacy