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Dismantling SolidarityCapitalist Politics and American Pensions since the New Deal$
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Michael A. McCarthy

Print publication date: 2017

Print ISBN-13: 9780801454226

Published to Cornell Scholarship Online: September 2017

DOI: 10.7591/cornell/9780801454226.001.0001

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Reconversion and the Origin of Bargained Plans

Reconversion and the Origin of Bargained Plans

Chapter:
(p.42) 3 Reconversion and the Origin of Bargained Plans
Source:
Dismantling Solidarity
Author(s):

Michael A. McCarthy

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801454226.003.0003

This chapter offers a explanation of the proliferation of occupational pension plans after World War II. Principally, it shows that private pension development was neither the result of policy interventions before the end of the war nor the simple result of union strength in postwar collective bargaining disputes. Instead, the turn to occupational pensions was caused by policymakers intervening in labor-management disputes—not principally to compel businesses to adopt occupational pension plans, but rather to establish labor peace in order to capture capitalist growth opportunities abroad. The chapter begins by considering why the Congress of Industrial Organizations was unable to expand the pension benefits offered by the Social Security program after the New Deal, roughly between 1939 and 1968, before turning to the expansion of private pensions.

Keywords:   private pensions, retirement income, old age income, pension system, Congress of Industrial Organizations, Social Security, occupational pension plans, labor-management disputes

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