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:
On Monday, twelve janitors at Twitter’s 245-249 West 17th St. location went public about their lives being upended after Twitter canceled its contract with their employer Flagship Services with no explanation.
"We’ve had, I think, a really strong financial performance for 2022. Revenue was significantly higher for 2022 than it was last year. We will be more profitable this year." These are the words of Bustle Digital Group’s CEO, Bryan Goldberg, in an internal podcast released on October 17.
NYSNA: After 3 days on strike for safe staffing, nurses at both hospitals to return to work on Thursday, Jan. 12, 2023.
This week, NYSNA announced that nurses at NewYork-Presbyterian Hospital, Maimonides Medical Center and Richmond University Medical Center have reached tentative agreements that include improvements in safe staffing and wages. Now nurses will vote on whether to ratify their new contracts.
Workers at HarperCollins Publishers entered 2023 still on strike, more than 40 days after about 250 employees at the publishing giant walked out when contract negotiations broke down in November.
NYSNA nurses have announced the outcome of strike authorization votes at NYC private sector hospitals with union contracts expiring Dec. 31.
In 2022, we’ve seen workers here and around the country rise up to take back their own power, demanding better pay, improved working conditions, and a voice in their workplace.
Actors’ Equity Association members have ratified a new three-year agreement with The Broadway League. The Production Contract: Broadway and Sit-Downs governs employment in shows on Broadway, as well as in sit-down shows produced by members of the Broadway League elsewhere in the United States.
"We’ve had, I think, a really strong financial performance for 2022. Revenue was significantly higher for 2022 than it was last year. We will be more profitable this year." These are the words of Bustle Digital Group’s CEO, Bryan Goldberg, in an internal podcast released on October 17.
1700 part-time faculty members at The New School (members of UAW Local 7902) have a tentative agreement and are back at work following their strike, the longest adjunct strike in U.S. history. Workers won: