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:
HarperCollins Publishers has finally agreed to enter mediation with the union, Local 2110 UAW. The union has been on strike since November 10, 2022, and have not heard directly from the company since their last bargaining session on November 2.
WE'RE BACK FOR ROUND TWO!
JOIN US outside News Corp! Last week was only the beginning. Until we have our fair contract, we're prepared to take it to the top!
Post-production workers in the Film Unit of Saturday Night Live have signaled their readiness to strike over frustration with the slow pace of first contract negotiations.
Wednesday, January 25, 5PM to 8PM: Please join us for the launch of Cornell ILR’s new Climate Jobs Institute! New York and the nation’s transition to a climate-friendly, decarbonized economy is historic and monumental.
HarperCollins Union members and a large crowd of supporters including the NYC CLC, elected officials, and leaders and members from unions across the City gathered Wednesday for a rally marking the 50th day of their strike in front of their employer’s parent company, News Corp.
Fordham Faculty United/SEIU Local 200United members, who teach the majority of the courses offered at the Bronx-based college, have successfully reached a tentative agreement with school administrators after 10 months of negotiations.
To commemorate Dr. Martin Luther King, Jr.’s birthday, hundreds of NYSNA nurses from New York City Health+Hospitals (NYC H+H)/Mayorals held a speak-out and march on NYC H+H corporate headquarters with the message: We are nurses and we demand health equity.
Staff Attorneys at RiseBoro Community Partnership LEAP (Legal Empowerment and Assistance Program) have announced their intent to join the Association of Legal Aid Attorneys - UAW Local 2325, filing an election petition with the NLRB while calling on management to voluntarily recognize their union
The U.S. Department of Homeland Security (DHS) has announced that noncitizen workers who are victims of, or witnesses to, the violation of labor rights, can now access a streamlined and expedited deferred action request process.
Unionized employees at HarperCollins Publishers are hosting a rally outside parent company, News Corp, offices at 1211 Avenue of Americas in Manhattan, on January 18 at 12:30 PM. The rally follows the two-month mark of the strike, which commenced on November 10 of last year.