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:
UFCW 1500 is pleased to announce that on Wednesday, May 29, members employed by Blank Street Coffee unanimously ratified their first contract with the company.
After years of underfunding, the Social Security Administration has reached a 27 year low in staffing while asked to serve a record high number of applicants resulting in a burnt out workforce and long service delays.
On Saturday, in the midst of REI’s annual Anniversary Sale, members of REI Union SoHo, represented by the Retail, Wholesale and Department Store Union (RWDSU), stopped work and walked off the job in an Unfair Labor Practice (ULP) strike to protest REI’s failure to bargain a contract in good faith
Members of the Ziff Davis Creators Guild, representing the editorial staffs of Lifehacker, Mashable, and PCMag as a part of the NewsGuild of NY, hit the streets outside Ziff Davis headquarters this week to demand wages that keep up with inflation and a contract that addresses transparency on AI.
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.
On Monday, 72% of participating union members at Mobilization for Justice (MFJ) voted to ratify a contract offer presented by MFJ Management last week.
Yesterday, during the middle of REI’s annual Anniversary Sale, members of REI Union SoHo represented by RWDSU rallied in protest of REI’s failure to bargain a contract in good faith.
On Thursday, June 6, staff at the American Folk Art Museum will vote on whether to unionize with Local 2110 UAW. 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.
Following weeks of routine incidents of verbally abusive and threatening behavior at the bargaining table, the situation escalated last week when Andrew Hoffmann, the legal representative of owners Jon Freedman and Greg May, told workers they were ‘f*cking disgusting’ and to ‘burn in hell’ over h