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:

Feb 23, 2015 | News Story

On February 24, MFY union members (LSSA - NOLSW/UAW Local 2320) voted to ratify the agreement met with MFY management.

 

 

 

 

 

 

Feb 3, 2015 | Press Release

New York, NY - New York City Central Labor Council, AFL-CIO President Vincent Alvarez today released the following statement, regarding initiatives outlined in Mayor de Blasio's State of the City Address:

Feb 23, 2015 | News Story

On January 30th, MFY union members (LSSA - NOLSW/UAW Local 2320) voted to reject the unreasonable contract offered by MFY management, and are now on strike.

Jan 21, 2015 | Press Release

Bronx, NY – Workers at Hunts Point Market voted to approve a new, three year contract today, with 97% of workers voting "yes."  The 1,300 workers, members of Teamsters Local 202, will receive significant wage increases in each year of the contract.

Jan 9, 2015 | News Story

This week, City Hall reached a tentative $248 million contract deal with IUOE Locals 891 and 94, which represent public school custodians, firemen, and 

Dec 1, 2014 | Press Release

New York, NY - New York City Central Labor Council, AFL-CIO President Vincent Alvarez today released the following statement, reaffirming the Council's support of the horse carriage industry:

Nov 19, 2014 | News Story

Wouldn’t it be amazing if working families gathered together on Black Friday and sent a message to the country’s largest employer that its workers deserve a living wage and full-time work? Well, that’s exactly what’s going to happen, and you can be a part of it.

Oct 3, 2014 | News Story

American Federation of Government Employees (AFGE) National President, J David Cox joined the Alliance for Retired Americans and other

Oct 3, 2014 | News Story

On Thursday members of the Motion Picture Editors Guild, IATSE Local 700, allies and supporters gathered outside of 30 Rockefeller Plaza to protest Ryan Seacrest Productions and Bravo Media’s firing of the editorial crew of Shahs of Suns