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.
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Join workers from across the Labor Movement, activists, and allies calling for a raise for millions of low-wage workers.
Go to FightFor15.org to sign-up for updates.
What do fast food workers, construction workers, new media, entertainment workers, teachers, transportation workers, and retail workers have in common?
They are all fighting for change by putting workers' voices & faces front and center in their fights!
New York, NY – New York City Central Labor Council, AFL-CIO President Vincent Alvarez released the following statement regarding the City’s proposal to eliminate competitive examinations in FDNY recruitment:
Please stand in support of Verizon workers in their Fight for a Good Contract and for High Speed Internet For All this Thursday, August 13 at 12pm. CWA members will be holding informational pickets at 5 Verizon central offices throughout Manhattan and the Bronx.
Verizon workers are fighting for good jobs building and servicing FiOS, and properly serving copper network customers.