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:
You won’t have much luck trying to pay for groceries by telling the cashier you’re an “essential worker,” AFSCME District Council 37 Executive Director Henry Garrido told several hundred city workers at a rally in Foley Square yesterday.
Vox Media’s 360-member bargaining unit yesterday near unanimously ratified its second collective bargaining agreement with the Writers Guild of America, East (WGAE).
The musicians of Distinguished Concerts International New York are fighting for a fair contract with the help of AFM Local 802. The orchestra performed a live musical rally on Monday night, with the sounds of a brass band echoing over the sidewalks of Carnegie Hall.
On Wednesday, the NYC CLC hosted our annual labor and civil rights event in the form of a panel discussion centering around how union membership has contributed to narrowing the inequality gap and how it can continue to build solidarity in an effort to create prosperity that is felt by all worker
Wireless tower technicians organizing to form a union with CWA released a powerful video this week describing the struggles faced by workers in the industry and calling on tower climbers, everywhere, to come together, join
After losing salary increases and money in their savings accounts during the hardship of a pandemic, Vox Media employees now face record inflation and soaring cost-of-living expenses.
Saturday, June 25, 2-4PM: This commemoration / celebration in Columbus Park (the location of the 1982 rallies) will include music, dance, children’s activities and veterans speaking about the strike.
Teachers and staff at Blue School held a one-day strike on Tuesday, May 24, after the School, an independent school founded by Blue Man Group in Lower Manhattan, announced that it will refuse to recognize their union. The School’s refusal is in defiance of a bargaining order issued by the NLRB.
Contracts approved this week will guarantee, for the first time, that soccer players representing the United States men’s and women’s national teams will receive the same pay when competing in international matches and competitions.
The Buzzfeed News Union voted unanimously on Friday to ratify their first union contract with the company. This past March, over 91% of the unit voted in favor of a strike amidst announcement of proposed cuts at the company.