The History of Pension Protection

Until ERISA (the Employee Retirement Income Security Act) was passed in 1974 and signed by President Ford, workers’ pensions were unprotected. How was ERISA won, and what can we learn for today from this history?

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With ERISA’s passage, pensions were protected, as bank accounts are protected by the FDIC in the event of bank failures.  Now, ERISA has been gutted, especially by the 2014 MPRA bill.

Read the letter that retired Teamster and dedicated pension activist (with the Central Ohio Committee) Fred Slaybaugh just sent to Congressional Representatives, to remind them of the history of pension protection, and why it is so needed today, just as it was for the Studebaker auto workers who fought so hard to win the ERISA law.

If others could win pension protection in the 1970s, we can do it again today!


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  • commented 2017-10-01 17:04:33 -0400
    Erisa was signed as I entered the workforce.
    Who would think MPRA would be signed under Obama’s watch?
    That said..who thinks workers are going to be better represented by the fake Billionaire?
    The IRB is as right-wing as right-wing gets…where has that got the IBT this last 18 years in" ridding the organization of crime" ??
  • commented 2016-08-22 10:00:35 -0400
    don’t forget Teamsters, this all happened under Obama’s watch. he signed the bill that attempted to gut our pensions and he knew very well what was going on. local 299 was all in for this guy and the democrats, keep that in mind when you vote in Nov.
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