In the US, union failure to represent members’ interests adequately contributed to a major pension default at the Studebaker Corporation in 1963. The AFL-CIO, the United Auto Workers and the United Steel Workers then petitioned Congress – against strong opposition from business interests – to establish the Pension Benefit Guaranty Corporation in 1974 to insure private pensions against companies’ failure to honor them.
在美国，1963年斯图德贝克公司拖欠员工养老金这一重大事件充分说明了有时工会不能代表会员的利益。于是，美国汽车业工人联合会和钢铁工人联合会不顾企业利益集团的强烈反对，向国会请愿，要求建立退休基金保险公司，以确保当公司不能履行承诺的时候个人的养老金计划得以实现。