Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 24 August 2019

Abstract and Keywords

This article addresses the role of organized labour in shaping pension design and retirement policy. Several distinctive aspects of American organized labour's experience with pensions – heavy reliance on an employer-based pension system, limited union bargaining power, shifts in pension design towards individual-based accounts, union association with ‘legacy costs’, and investment activism by labour unions – serve as models for many international pension-reform ideas. Moreover, since international pension reform generally aims to reduce government pension benefits, proposals often involve diminishing state obligations by expanding employer-based pensions. In this regard, the American unions support the defined benefit design, and international unions have very similar principles for pension design. Thus, although this article focuses on the United States, much of US experience is relevant to labour's advocacy for pensions in Europe and Latin America.

Keywords: organized labour, pension plans, retirement policy, pension system, individual-based accounts, defined benefit

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.