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?

pension-cropped-fb-thumb.jpg

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!


Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • 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.
Get Advice Join TDU Donate

Recent News

Statement on Charlottesville

The events in Charlottesville have aroused the conscience of our country and the world. TDU condemns the racism and violence of white supremacists, neo-Nazis and the KKK, today and everyday. We stand in solidarity with the victims of the violence and their families. We are more determined than ever to fight racism by uniting all Teamsters for social and economic justice. Solidarity trumps hate.

Hoffa Refuses to Hold Executive Board Meetings

Teamster members elected a full General Executive Board last November. Now Hoffa refuses to hold regular meetings claiming that “past practice” dictates that he’s not required to hold GEB meetings. This is in direct violation of the Teamster Constitution, which specifically requires that the Board meet once in every quarter.

View More News Posts