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:
Workers at Allure, Architectural Digest, Bon Appétit, Epicurious, Condé Nast Traveler, Glamour, GQ, Self, Teen Vogue, Them, Vanity Fair, and Vogue are uniting with one powerful voice.
Members of the Housing Works Union held a worker speak-out across the street from Housing Works’ annual Design on a Dime fundraiser this week, highlighting the many issues that remain unresolved in contract negotiations.
On March 14th, VA Secretary Denis McDonough issued recommendations destined for review by the Asset and Infrastructure Review (AIR) Commission, a board created by the 2018 VA MISSION Act, a bill designed to promote vast privatization of VA healthcare. If approved, Sec.
On Wednesday, an estimated 10,000 building services essential workers, including 32BJ SEIU members from New York to Washington, D.C.
Over the past month, thousands of union members across NYC and the nation signed petitions, wrote letters and called our senators. And now…we celebrate!
By now we've all celebrated the Staten Island Amazon workers' incredible victory in their NLRB election last week, but are you sure you're read allllll the takes? To make sure you don't miss anything, here's a roundup of just some of the best for your convenience:
On Thursday, graduate student workers at Fordham University won their election to become members of CWA Local 1104 by a overwhelming vote of 229 to 15.
The Starbucks Reserve Roastery in NYC's Chelsea Market voted 46-36 to unionize on Friday, making history as the first flagship store to unionize with Starbucks Workers United, and the tenth unionized Starbucks store in the U.S. at the time of the vote (there are now 13!).
Attorneys, Client Advocates, and support staff at the Center for Appellate Litigation (CAL) this week announced their intent to join the Association of Legal Aid Attorneys-UAW 2325 by filing an election petition with the NLRB.
Anthology Film Workers including theater, office, administrative, projection and collections staff from across Anthology Film Archives last week held a one-day strike in support of a fair contract.