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:
How do we have effective conversations and measure our effectiveness? We will drill down into the fundamentals of one-on-one and member-to-member conversations. We will discuss various ways and techniques to map your membership, and to track and analyze the data.
Please join us as we stand with the members of Local 338 RWDSU/UFCW who are fighting for their first union contract with CVS.
Members of the Legal Services Staff Association (LSSA) working
This week, NYCCLC President Vincent Alvarez participated in a panel discussion hosted by IBEW Local 3 and Queens County Young Democrats (QCYD).
America produces more wealth today than at any time in history, yet the economic rules written for the rich and for powerful corporations have resulted in hard times for regular people.
Graduate Workers at Columbia University have begun to organize fo
Is your local prepared for the upcoming Janus decision?