Fewer employers today provide defined-benefit pensions for their workers—and among those that do, many are offering “defined-contribution” (like 401[k]s) rather than traditional “defined-benefit” pension plans.
That’s why Social Security insurance is essential for millions of retirees. Nearly two-thirds of retirees count on Social Security for half or more of their retirement income and for more than three in 10, Social Security is 90 percent or more of their income. It is a safety net that keeps retirees out of poverty.
It’s also important to figure out what you will need to retire. Talking a look at how much Social Security will provide, whether you have another form of pension and how much you spend are all components in determining when you can retire.
For decades, workers achieved retirement security because their retirement income flowed from a combination of employer-provided pensions, Social Security and personal savings. But the recession has exposed the severe deficiencies in our retirement system. We need to develop a new way to provide workers with lifetime retirement security beyond Social Security.
More about this issue:
Join the Professional Staff Congress- CUNY for a contract campaign kick-off march and rally to stand for the contract they deserve.
The union’s demands include:
5% salary increase per year of the contract for all faculty and staff
This week, the Writers Guild of America, East announced the DNA Info./Gothamist (DNAist) bargaining unit negotiated a substantial transition agreement for workers who were abruptly fired two weeks ago when outlet owner Joe Ricketts shut them down.
Terms of the agreement include:
The Writers Guild of America, East today announced that staff at Vox Media overwhelmingly voted to unionize. Members of the new “Vox Union” include writers, editors and social media professionals, as well video producers and others.
This week, thousands of members of New York City Building Trades unions gathered on 10th Avenue at 34th Street for a solidarity rally against open shop policies on construction sites.
Today, the Worker Institute at Cornell and the Murphy Institute convened a conference entitled “Janus and Beyond: The Future of Public Sector Unions” to address attacks on labor, and how we keep members engaged.
Last year, the Bakery, Confectionary,Tobacco Workers and Grain Millers Union (BCTGM) called for a boycott of Mexican-made Nabisco products, in protest of Mondelez’s (the parent company to Nabisco) policy of outsourcing of U.S. based, union-made products (Oreo, Chips Ahoy, Ritz) to Mexico.
Join union leaders, scholars, and activists for a one-day conference to discuss the implications of the Janus v. AFSCME case for workers and organized labor, possible immediate outcomes, and strategic options for combatting the attack on public sector unionism.
The Association of Benefit Administrators will host its November luncheon meeting on Tuesday, November 14th at RWDSU.
This time last week, reporters and editors at New York City local news sites DNAinfo and Gothamist were celebrating after voting to unionize with Writers Guild of America, East in an NLRB-conducted election.