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 Tuesday, people came together across America to celebrate the work of our public Postal Service — a pillar of our democracy and our communities. In NYC, postal workers and supporters including the NYC CLC gathered in front of the James A.
Unionized workers at one of New York's largest hospital-laundry and medical-uniform companies launched a two-day strike on Wednesday to demand a fair contract and protest illegal threats of termination that are being investigated by the National Labor Relations Board.
This week marked an important step forward in securing good family-sustaining, community-supporting union jobs in the offshore wind industry.
With three weeks left to accurately count NYC’s hardest-to-reach residents, join us for a discussion on the Labor Counts! Census efforts.
Join us to discuss all of our voting options for the upcoming elections.
The live stream will begin at approximately 6PM.
#LaborVotes #NYCUnionMade #LaborWeek2020
Join us for a Moment of Silence
Important updates from the WTC Health Program & September 11th Victim Compensation Fund experts
Dr. Michael Crane
Kicking-off a robust member to member phone bank for the 2020 elections, the New York City Central Labor Council will conduct twice-weekly phone bank opportunities for NYC union members to reach out to other union households both in NYC and in battleground states, with shifts every Tuesda
Join the NYC CLC, affiliates, and community partners as we engage in a Week of Action to support NYC workers.
As NYC continues it's phased reopening, we urge elected officials keep in mind America's Five Economic Essentials:
Keep front-line workers safe and secure.
Keep workers employed and protect earned pension checks.