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:
On Sunday, more than a thousand New Yorkers including City and State University of New York students, faculty, staff and support
Nearly a year after New York approved a historic fund for undocumented immigrants and other non-traditional workers shut out of unemployment benefits
In a 79-19 vote, the Senate this week passed the Postal Service Reform Act of 2022 (H.R. 3076). Following House passage on Feb.
Over the past two years, postdoctoral and associate researchers, faculty, and other officers have been at the forefront of the COVID-19 pandemic, with significant impacts on their personal and professional lives.
Over the weekend, the The WGAE/GMG Union—made up of roughly 100 reporters, editors, artists, podcasters, social media specialists, and videographers - reached an agreement with G/O Media management.
On Wednesday, the Retail, Wholesale and Department Store Union (RWDSU), announced that by an overwhelming majority vote of 86 percent, workers at the REI Co-Op in Manhattan have voted to join the RWDSU, making REI SoHo the first unionized REI store in the nation.
The Gizmodo Media Group (GMG) Union, representing newsroom workers at Jezebel, The Root, Lifehacker, Kotaku, Jalopnik and Gizmodo organized with the Writers Guild of America, East (WGAE), took collective action this week by going on strike after the union’s second contract expired at 11:59PM on M
The National Labor Relations Board yesterday announced that, in a 404-88 blowout vote, New York Times tech workers have won their election for a union, after a year-long campaign that was met with aggressive union-busting tactics from management. 85% of the unit voted in the election.
The Broadcast Workers (members of IATSE Local 794 here in New York) who bring local FOX news coverage to the New York and Washington DC metro areas continue to fight to end their decade-long wage freeze and negotiate a fair agreement.
On Wednesday, the New York City Council Committee on Civil Service and Labor held its first hearing of 2022, with a focus on how the City can take preventative measures including, but not limited not to enhancing worker protection requirements in City contracts, effective policy mechanisms to com