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:

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The Writers Guild of America East members at Pineapple Street Studios have spent over a year working hard to negotiate the terms of their first union contract.

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Staff at the American Folk Art Museum have voted unanimously to unionize with UAW Local 2110. The wall-to-wall unit includes curators, retail staff, educators, IT, communication staff, and others. The Museum is the latest in a growing movement of museum workers to organize.

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Public Theater crewmembers have voted to join The International Alliance of Theatrical Stage Employees (IATSE), becoming the fifth off-Broadway group to unionize since IATSE launched its organizing efforts earlier this year.

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An overwhelming majority of staff at the Vera Institute of Justice have announced their intent to form a union with UAW Local 2325.

Jun 14, 2024 | News Story

17 ushers at Brooklyn’s National Sawdust venue will join the International Alliance of Theatrical Stage Employees (IATSE) Local 306 after voting to unionize in a National Labor Relations Board (NLRB) election last week.

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Members of Social Policy Workers United (SPWU), the staff union at MDRC

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In a milestone for organized labor, the Amazon Labor Union has formally begun the process of affiliation with the 1.3 million-member International Brotherhood of Teamsters.

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Management at Lemonada Media, the award-winning podcast network, has voluntarily recognized the Writers Guild of America East (WGAE) as the collective bargaining representatives of the staff’s producers and engineers.

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The employees of Harper's Magazine announced this week that they are forming a union with UAW Local 2110.