Jump to ContentJump to Main Navigation
The Employee Retirement Income Security Act of 1974A Political History$
Users without a subscription are not able to see the full content.

James Wooten

Print publication date: 2005

Print ISBN-13: 9780520242739

Published to California Scholarship Online: March 2012

DOI: 10.1525/california/9780520242739.001.0001

Show Summary Details
Page of

PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 27 July 2021

“A Major American Institution…Built upon Human Disappointment”

“A Major American Institution…Built upon Human Disappointment”

Agenda Setting in the U.S. Senate

Chapter:
(p.151) 5 “A Major American Institution…Built upon Human Disappointment”
Source:
The Employee Retirement Income Security Act of 1974
Author(s):

James A. Wooten

Publisher:
University of California Press
DOI:10.1525/california/9780520242739.003.0006

Richard Nixon’s administration took up pension reform as part of the presidential transition process. Current law required the managers of a plan to file a description of the plan and annual reports with the Labor Department. The reception of a long-awaited study of pension funding by the Pension Research Council reveals the increasing polarization within the policy community. It is stated that “It is a rare thing to find a major American institution—private pension plans—built upon human disappointment—a shocking thing, and something which should move us all to act with determination to make that institution deliver upon its promises.” Treasury focused on “the incidence of vesting by age group” because this approach clearly identified the workers who were most threatened by forfeiture risk. Harrison Williams blamed the president for having Senator Long kill the bill, a charge repeated by Democratic presidential nominee George McGovern.

Keywords:   pension reform, Richard Nixon, Pension Research Council, pension funding, Harrison Williams, George McGovern, policy community

California Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.