Retirement Security

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:

Aug 29

Since publicly launching their campaign, workers report winning a series of workplace victories, including raises, more hours, and most recently, a repaired air conditioner on the hottest day of the year.

Sep 5

For more information, please call Brendan Griffith at (212) 604-9552

 

Aug 16, 2013 | News Story

The American Postal Workers Union, AFL-CIO (APWU) is asking for support on three pieces of legislation that are key to standing against the threats to the Postal Service.  The Postal Service Protection Act (S-316/H.R.

Aug 13, 2013 | Press Release

The New York City Central Labor Council, along with the National AFL-CIO, NYS AFL-CIO and Organizing 2.0, will offer a day of trainings on digital strategies and online communications.  These courses will take place on Wednesday, August 21, 2013 from 9:30am to 5:00pm at 275 Seven

Aug 9, 2013 | News Story

Last year, workers and community activists staged a seven-month-long boycott of the store, and a federal lawsuit, which resulted in Kim agreeing to pay 12 workers roughly $95,000 in withheld overtime pay.  This latest call for a boycott comes as a result of stalled negotiations between Kim and ne

Aug 8, 2013 | News Story

Statement by AFL-CIO President Richard Trumka on Affiliation of UFCW

August 8, 2013

Aug 21

The New York City Central Labor Council, along with the National AFL-CIO and Organizing 2.0, will offer a day of trainings on digital strategies and online communications.  These courses will take place on Wednesday, August 21, 2013 from 9:30am to 5:00pm at 275 Seventh Avenue on the 16th Floor.

Aug 1, 2013 | News Story

Last Friday, fast food workers gathered near a Bushwick Domino’s to protest the firing of delivery driver Gregory Reynoso.

Aug 1, 2013 | News Story

On Friday, July 26, over 100 Home Care workers with 1199 SEIU, gathered with public officials for a speak-out and rally outside of Accent Care’s Bronx office.