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:
The Atlantic’s business and technology teams announced the formation of a union Thursday, the latest sign of growing support for unions among both tech and administrative workers in the media industry.
NYU Adjunct faculty members rallied for wage justice in Union Square Wednesday as their bargaining team gave NYU the union's initial wage demands proposal.
The WIRED union, a unit of The NewsGuild of New York, which represents more than 55 workers at the technology magazine, reached an agreement on a first contract with management late Monday night.
Last week, one of the Starbucks Workers United leaders who had recently led the successful unionization of his store in Astoria, Queens was unjustly fired by the company. This is the first firing of a union leader in downstate NY.
On Wednesday, less than an hour after Guttmacher Employees United won their union with OPEIU Local 153 by an overwhelming margin of 61-2, the Guttmacher In
DC 9 Business Manager Joseph Azzopardi has penned an OpEd for amNY on the importance of union labor and the role of the Finishing Trades in transitioning to clean energy.
Management has slow-walked WIRED Union's bargaining for over a year, refuses to discuss rights participation, and refuses to allow members of the Reviews team in the bargaining unit, in spite of their vital work for the outlet.
Unionized employees of HarperCollins Publishers have voted by 99% to authorize a strike if the publisher does not agree to a fair contract. Local 2110 of the UAW represents 250+ employees in editorial, sales, publicity, design, legal, and marketing departments.
Production workers at the long-running animated television shows The Simpsons, American Dad! and Family Guy have gained voluntary recognition from their parent company, 20th Television Animation, to join The Animation Guild. The production workers won with 90% support across all three shows.
It was an electric start to the week as Governor Hochul signed three clean energy bills that will help ensure a just transition for our communities and workers while diversifying our energy system to help ensure reliability and resilience.