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:
Actors’ Equity Association members have ratified a new three-year agreement with The Broadway League. The Production Contract: Broadway and Sit-Downs governs employment in shows on Broadway, as well as in sit-down shows produced by members of the Broadway League elsewhere in the United States.
"We’ve had, I think, a really strong financial performance for 2022. Revenue was significantly higher for 2022 than it was last year. We will be more profitable this year." These are the words of Bustle Digital Group’s CEO, Bryan Goldberg, in an internal podcast released on October 17.
1700 part-time faculty members at The New School (members of UAW Local 7902) have a tentative agreement and are back at work following their strike, the longest adjunct strike in U.S. history. Workers won:
Workers at the Starbucks Reserve Roastery flagship on Manhattan’s 9th Avenue ended a seven-week strike and returned to work on Monday, after securing an agreement that commits the coffee chain to regularly scrub equipment at outposts nationwide.
After 20 months of negotiations, members of the New York Times Guild walked out yesterday due to the company’s failure to bargain in good faith and reach a fair contract agreement with the workers.
The workers of OnPoint NYC this week announced their intent to organize a union and be represented by the New England Joint Board of UNITE HERE.
1700 part-time faculty members at The New School, members of UAW Local 7902, are still on strike demanding a contract that provides real raises, expanded health coverage, greater job security, more input into curricula, and real recourse against harassment and discrimination.
The National Labor Relations Board (NLRB) is in a funding crisis. We need a fully funded NLRB to investigate unfair labor practices and conduct union elections.
Ashley Mason delivered packages for Amazon for over a year. She was injured four times and was in so much pain that she couldn't work and was eventually fired. She never received any compensation for her treatment or missed time at work.
Writers Guild of America, East members at Hearst Media and supporters including the NYC CLC rallied in front of Hearst Tower on Monday night, demanding that the company stop stalling and agree to a fair first contract.