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:
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Netflix Production Accountants working in New York and New Jersey have reached an agreement with Netflix to be recognized as members of the International Alliance of Theatrical Stage Employees (IATSE) Local 161.
After more than two years of negotiations, Writers Guild of America East (WGAE) members at MSNBC have overwhelmingly ratified a strong first collective bargaining agreement.
In at least three instances in the past month, unionized employees at Condé Nast, who were exercising their federally-protected right to take collective action to demand answers about pending layoffs, were met with security guards.
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Find that perfect holiday gift that carries a union label and is made in America. Shipping gifts this year? Make sure to ship using a union carrier like the U.S. Postal Service or UPS.
American Federation of Musicians Local 802 and the New York City Ballet have jointly announced a successful resolution to negotiations, resulting in a three-year contract for orchestra members.
After over a full year at the bargaining table, Sinai has stalled and refused to provide information necessary to move the bargaining process forward.
The holiday season is here! And for many that means gift-giving. Each dollar that you spend this holiday season is a vote for America’s future. A dollar spent on ethical brands producing union-made products means a brighter future for our economy and its workers.
Make plans now to attend the biggest CUNY-wide contract campaign action of the Fall: Sing Out, Shout Out for #APeoplesCUNY, a resounding call for a better CUNY.