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 16, 2018 | News Story

Graduate Workers at Columbia University have begun to organize fo

Feb 16, 2018 | News Story

Is your local prepared for the upcoming Janus decision?

Feb 2, 2018 | News Story

This week the National Writers’ Union, UAW Local 1981 (NWU), announced a settlemen

Feb 2, 2018 | News Story

This week the Union of Clerical, Administrative, and Technical Staff, NYSUT Local 3882 (

Jan 22, 2018 | Press Release

New York City Central Labor Council President Vincent Alvarez stated, “We applaud NY State Attorney General Schneiderman in leading this multi-state coalition, and for his steadfast support for workers across our state and country.

Jan 19, 2018 | News Story

Workers at Hunt’s Point Market have ratified a new three-year agreement that includes substantial pay raises and funding for the workers’ health and pension plans. The agreement was reached after workers had voted to authorize a strike if the Tuesday deadline was not met.

Jan 12, 2018 | News Story

This week, the Writers Guild of America, East announced digital media company Vox Media had voluntarily recognized the Vox Union as the representative for collective bargaining for around 400 creative professionals.

Dec 22, 2017 | News Story

On Monday, the Nation Labor Relations Board

Dec 29, 2017 | News Story

As 2017 comes to a close, it is important to look back on all that labor has accomplished this year.

Dec 15, 2017 | News Story

After roughly a year of bargaining, CWA announced this week that it has reached a tentative agreement for 21,000 members covered by the Orange contract at AT&T Mobility.