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:

Apr 17, 2019 | Press Release

The New York City Central Labor Council, AFL-CIO, strongly supports the passage of Int. No.

Mar 8, 2019 | News Story

The votes are in—Registered Nurses at New York-Presbyterian Hospital, Montefiore, Mt. Sinai, Mt. Sinai West, and St. Luke's have voted by 97% (8533-230) to authorize a strike. Between these hospitals, NYSNA represents more than 10,000 nurses whose contract expired in December of 2018.

Mar 8, 2019 | News Story

City University of New York students say “We believe in our dreams. Why won't Albany believe in us?" in this new TV ad from the Professional Staff Congress, the union representing 30,000 faculty and staff.

Mar 8, 2019 | News Story

The 169-member editorial staff at Gizmodo Media Group has unanimously ratified its second collective bargaining agreement with the Writers Guild of America, East (WGAE).

Mar 15, 2019 | News Story

In a first for the podcasting industry, the 83-person staff of Gimlet Media, a podcasting startup acquired by music streaming service Spotify for $230 million in February, is unionizing with the Writers Guild of America, East (WGAE).

Mar 15, 2019 | News Story

Ashraf Azim opens up to fellow drivers about what goes through his mind when a passenger who looks menacing gets into his car. He says he thinks of his family.

Feb 14, 2019 | Press Release

New York, NY - It’s unfortunate that Amazon has chosen to walk away from LIC HQ2, prematurely ending discussions that could have resulted in a mutually beneficial economic development model that respects all workers.

Jan 30, 2019 | Press Release

New York, NY - "At today’s City Council hearing, executives from Amazon reaffirmed what we’ve known for a long time: one of the world’s wealthiest corporations remains vehemently anti-worker, publicly acknowledging that they oppose the organizing rights of their New York City wor

Jan 18, 2019 | News Story

Slate’s 51-member editorial and podcast staff this week ratified its first collective bargaining agreement with the Writers Guild of America, East.