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The decline of the coal industry and miners that contribute to the UMWA Health and Retirement Funds, results in their inability to provide coverage for retired coal miners. [ 4 ] [ 5 ] The Miners Protection Act would provide an increase in funds to the organizations that support retired coal miners, such as the United Mine Workers of America ...
In May 1946, the National Bituminous Coal Wage Agreement established a health, welfare, and retirement fund backed up by a five-cents-per-ton levy on all coal produced by bituminous coal companies. From the 1950s to the 1970s, there were various updates to the agreement with the goal to completely satisfy miners enough to end random wildcat ...
Health and retirement benefits for the miners and their families were earned in 1946. [9] In 1969, the UMWA convinced the United States Congress to enact the landmark Federal Coal Mine Health and Safety Act, which provided compensation for miners suffering from Black Lung Disease. Relatively high wages for unionized miners by the early 1960s. [10]
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Wildcat strikes significantly reduced the tonnage mined, and reduced the revenues flowing into the UMWA health and pension plans. The employers argued they should not make higher payments to offset the effect of the wildcat strikes. [1] No new agreement was reached when the 1971 agreement expired, and UMWA struck on November 12, 1974.
The UMWA took action against Pittston's new plan of operation and offered to reach a settlement. The coal company stayed quiet, and when the time came to renew the health care and retirement benefit plans for its workers, Pittston refused. [4] The refusal to renew the contract left about 1,500 people without health care.
Discipline (including loss of health and pension benefits) and/or discharge for any employee who participated in or caused a wildcat strike, but no punishment for honoring the picket line established by a wildcat strike. [11] [15] Guaranteed payment of health and retirement benefits, even if the union's health and pension funds were depleted.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.