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:

Oct 26, 2018 | News Story

Mayor Bill de Blasio, District Council 37 Executive Director Henry Garrido, Local 3621 President Vincent Variale and Local 2507 President Oren Barzilay this week announced that the City will provide Unlimited 9/11 Sick Leave to City workers who participated in World Trade Center rescue, recovery

Oct 26, 2018 | News Story

“New York City is a union town,” they chanted — thousands of voices reverberating off of office buildings and down the upper Manhattan street on Tuesday afternoon.

Oct 19, 2018 | News Story

Postal Workers, members of Congress, and allies gathered at the Hunts Point Post Office on Tuesday to call for the immediate reinstatement of posting banking services and explain why it's a winning proposal for all stakeholders: the U.S.

Nov 1

Who doesn’t love raising money for huge, heartless multinational companies?
 
We need you at the BBH NY office Thursday, Nov. 1. SAG-AFTRA’s greatest power is the solidarity of our members. It’s time to show our strength – and good will.
  

Oct 19, 2018 | News Story

Sisters & Brothers:

Workers at Charter/Spectrum have been on strike since March 2017 fighting for good healthcare and retirement security at a highly profitable company.

Oct 5, 2018 | News Story

Columbia University postdoctoral researchers announced Thursday that they’ve voted overwhelmingly to choose Columbia Postdoctoral Workers-UAW (CPW-UAW) as their union.

Oct 5, 2018 | News Story

After a two year campaign by the Independent Drivers Guild, New York’s Taxi and Limousine Commission held a hearing on Wednesday on the nation’s first livable wage rules for drivers for apps like Uber and Lyft.

Oct 5, 2018 | News Story

The economy is rapidly changing. New companies are popping up all the time offering to serve as the conduit between workers looking to make ends meet and consumers wanting to fulfill a need.

Oct 5, 2018 | News Story

At our September Delegates meeting, NYC CLC President Vincent Alvarez kicked off the new delegate year by swearing in eight new delegates. Welcome all!

Sep 28, 2018 | News Story

In 2016, NYU abruptly pulled out of the League of Voluntary Hospitals, a multi-employer bargaining approach that has ensured quality care and good jobs for New Yorkers for decades.