U.S. Labor Secretary Eugene Scalia

Conservative Leaders Tell Department Of Labor To Pull Our Pension Money Out Of Communist China

“The investment of private retirement funds into Chinese companies that do not comply with basic transparency standards, and in many cases rely upon child- and slave-labor, is incompatible with fundamental American values and must be discontinued.” The repugnant practice of investing U.S. pension funds in Communist China makes unwitting private U.S. retirees investors in Chinese companies which use child- and slave-labor, “effectively making individual 401(k) owners or pensioners parties to and profiteers from the exploitation of the victims of such cruel abuse.”