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:

Feb 3, 2023 | News Story

"We vehemently condemn BDG’s decision to lay off nearly 40 unit members and shutter Gawker," the Bustle Digital Group Union (a unit of Writers Guild of America, East) said in a statement yesterday.

Jan 27, 2023 | News Story

Post-production workers in the Film Unit of Saturday Night Live have signaled their readiness to strike over frustration with the slow pace of first contract negotiations.

Jan 27, 2023 | News Story

The WGAE union contract at HuffPost expires at midnight on Tuesday, January 31.

Jan 27, 2023 | News Story

On Wednesday, contracted cleaners from Twitter’s NYC and San Francisco offices, 32BJ SEIU members, labor leaders, elected officials, and allies rallied outside Twitter HQ in Manhattan. Cleaners at Twitter’s 245-249 West 17th St.

Jan 27, 2023 | News Story

HarperCollins Publishers has finally agreed to enter mediation with the union, Local 2110 UAW. The union has been on strike since November 10, 2022, and have not heard directly from the company since their last bargaining session on November 2.

Feb 2

WE'RE BACK FOR ROUND TWO!

JOIN US outside News Corp! Last week was only the beginning. Until we have our fair contract, we're prepared to take it to the top!

Jan 26, 2023 | News Story

Post-production workers in the Film Unit of Saturday Night Live have signaled their readiness to strike over frustration with the slow pace of first contract negotiations.

Jan 25, 2023 | News Story

Wednesday, January 25, 5PM to 8PM: Please join us for the launch of Cornell ILR’s new Climate Jobs Institute! New York and the nation’s transition to a climate-friendly, decarbonized economy is historic and monumental.

Jan 20, 2023 | News Story

HarperCollins Union members and a large crowd of supporters including the NYC CLC, elected officials, and leaders and members from unions across the City gathered Wednesday for a rally marking the 50th day of their strike in front of their employer’s parent company, News Corp.

Jan 20, 2023 | News Story

Fordham Faculty United/SEIU Local 200United members, who teach the majority of the courses offered at the Bronx-based college, have successfully reached a tentative agreement with school administrators after 10 months of negotiations.