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:
“No contract, no peace!” That was the rallying cry outside of Carnegie Hall last Saturday as the DCINY Orchestra and their allies ramped up their campaign for a fair contract with DCINY.
NYSNA nurses from New York Presbyterian-Brooklyn Methodist picket outside of the hospital in Park Slope on Thursday to call out attacks on safe staffing and quality care standards.
More than 160 resident physicians at Elmhurst Hospital, one of the city’s largest public hospitals and ground zero of New York’s COVID pandemic response, voted to authorize a strike if they do not reach a deal on raises and hazard pay, the Com
For updated picket locations and times, and to rsvp, please visit:
https://www.wgacontract2023.org/strike/picket-schedules-and-locations
Friday, April 28, 12PM: Join the New York City Central Labor Council, AFL-CIO, and the New York Committee for Occupational Safety and Health (NYCOSH) for our annual Workers’ Memorial Day event to honor those who have died or suffered injuries or illnesses while on the job, to rec
The NYC CLC, representing 300 unions and 1.3 million members including more than one million registered voter households across New York City, yesterday announced its first round of endorsements for the 2023 New York City elections.
On Wednesday, a delegation of workers representing nearly two hundred employees at around 70 GrowNYC Greenmarkets, farm stands, and CSA pick-up locations, and who work across GrowNYC’s operations in hundreds of schools in their distribution hubs and in nutrition education and composting announced
Represented by the Committee of Interns and Residents (CIR), almost 300 physicians employed by the MediSys Health Network (“Medisys”) at Jamaica and Flushing Hospitals could go on strike if MediSys refuses to agree to their urgent demands around a living wage, adequate benefits, and patient care.
After more than two years of negotiations, Writers Guild of America, East (WGAE) members at BDG (Bustle Digital Group) reached a tentative agreement with management on a first union contract. Members will vote shortly to ratify the contract, at which time details will be made public.
AFL-CIO Report Data Shows Latino and Black Workers Dying on the Job at Highest Rate in Over a Decade
On Wednesday the AFL-CIO released its 32nd annual report, Death on the Job: The Toll of Neglect, a national and state-by-state profile of worker safety and health.