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 CUNY Research Foundation Central Office Staff for a contract rally, where the group will demand to be respected as a union. They are seeking good-faith negotiations, equal pay for equal work, and higher wages.
Please download the flyer for further information
Two car washes that have recently voted to join RWDSU are now fighting for their first contracts. The managers have been harassing union supporters. Workers also have complained about health and safety conditions.
Join the NY Metro APWU Postal Union for an emergency meeting, rally, and march to save the post office. Speakers will include Congressman Jose E. Serrano, and Jonathan Smith, President of the NY Metro Area Postal Union.
Please see the attached flyer for more information.
Voters Showed Up in Record Numbers To Support Labor's Endorsed Candidates
Please join us in supporting the 60 Walmart workers who were unjustly fired after standing-up and speaking-out.
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.
For more information, please call Brendan Griffith at (212) 604-9552