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:
On Tuesday after work, hundreds of union construction workers rallied outside of Related Companies headquarters...
Celebrate your dad in solidarity style this Father's Day by getting him a gift that sports the union label. Check out some union-made Father's Day gift ideas from our friends over at Labor 411, the union business directory from the Los Angeles County Federation of Labor.
After months of intense negotiations and a public campaign by UFT members, the union and the Department of Education have reached an agreement that will provide paid parental leave for New York City public school educators.
AFSCME District Council 1707 and supporters marched and rallied on Wednesday to demand that New York City end the unfair salary disparity between early childhood teachers in community based organizations and Department of Education schools.
From the New York State AFL-CIO: A year ago New York union members led the way to the most impressive political victory in the history of this state – the defeat of the Constitutional Convention.
Organizing a union in your workplace is about getting more rights and more power. Thousands of working people—all across the country and in all kinds of jobs—organize unions every year because unions are the best way to secure the things you care about.
March and Rally for Wage Parity
For Unionized Center-Based Child Care Workers
Wednesday June 20
Battery Park March Begins at 10 AM
Rally Starts at 11 AM
Employers who stiff their workers or discriminate against them just got a big lift from the Supreme Court, which issued a major ruling Monday making it easier for companies to avoid employee lawsuits. The 5-4 ruling upheld employers’ use of class-action waivers in arbitration agreements.
The AGMA-represented dancers and stage managers of Alvin Ailey rallied with supporters yesterday as part of their fight for a fair contract with pay and benefits that meet industry standards.
In response to a formal rulemaking petition from the Independent Drivers Guild (IDG), New York City’s Taxi and Limousine Commission (TLC) stated it plans to put forward rules on industry-wide for-hire vehicle driver income and pay transparency later this summer.