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:
"Nobody feels safe in the subway. Not the riders and certainly not the workers. Daily ridership was down 3.5 million last year. But more people were robbed, raped and murdered in the system than in 2019," writes Transport Workers Union Local 100 President Tony Utano in a NY Daily News Op-Ed.
New York’s Attorney General, Letitia James, sued Amazon on Tuesday evening, arguing that the company provided inadequate safety protection for workers in New York City during the pandemic and retaliated against employees who raised concerns over the conditions.
New York City’s hometown paper has formed a union.
The creative staff at Onion Inc., the popular digital company behind The Onion, The A.V.
Throughout the pandemic, postal workers have been among the most essential employees―working tirelessly to deliver medication, ballots, letters, and checks.
AFM Local 802 is helping to organize a national campaign with all fellow AFM locals around the country to save the multi-employer pension system that musicians and other workers rely on.