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:

Jul 19, 2024 | News Story

The Bronx Defenders Union Collective Bargaining Committee (BxD CBC) and Bronx Defenders management reached a tentative agreement on Wednesday night, averting a planned strike scheduled for this coming Monday.

Jul 19, 2024 | News Story

Members of the Association of Legal Aid Attorneys (UAW Local 2325) who work at Catholic Migration Services (CMS) held lunch time pickets in front of the organization's offices in Brooklyn on July 9 and Queens on July 11 as part of their fight for a fair second contract.

Jul 19, 2024 | News Story

Unionized journalists at Lifehacker, Mashable, and PCMag–members of NewsGuild of New York who were prepared to walk out for the duration of Amazon’s July Prime Day Event, July 16 and 17–have reached a tentative three-year contract deal with parent company Ziff Davis that lifts guaranteed wages by

Jul 19, 2024 | News Story

Elected officials, advocates, members of Worker’s Justice Project, and Laborers Locals 79 and 1010 LiUNA conducted a multi-stop Road to Justice caravan on Wednesday, July 17th to confront employers who have refused to pay immigrant workers what they are owed.

Jul 24

After 2.5 years of bargaining, Audubon Management is still holding out on the final issues that workers need in our first contract. No, we will not allow management to work people unlimited hours a day or week. No, we will not allow union jobs to be replaced by non union workers.

Jul 12, 2024 | News Story

Building cleaners in Midtown on Wednesday exchanged their brooms and bleach for picket signs as they went on strike to protest wage cuts, health insurance cancellations and job losses. Dozens of workers and supporters gathered in front of an office building at 529 Fifth Ave.

Jul 12, 2024 | News Story

The unionized workers behind Lifehacker, Mashable, and PCMag (members of NewsGuild of NY) are fighting for a say in fostering a more transparent, equitable, and nourishing media landscape. How?

Jul 3, 2024 | News Story

On Tuesday, one day after the contract between The Bronx Defenders (BxD) and its wall-to-wall union, The Bronx Defenders Union–UAW Local 2325 (BxD Union), expired, BxD Union’s Bargaining Committee voted to authorize an unlimited Unfair Labor Practice (ULP) strike beginning the week of July 22.

Jul 3, 2024 | News Story

Members of the Independent Drivers Guild, a Machinists Union affiliate that represents over 80,000 For-Hire Vehicle drivers in New York City, held a rally outside Uber’s headquarters in Long Island City last week to protest the company’s pra

Jul 3, 2024 | News Story

Seventy-five CUNY Professional Staff Congress members and CUNY students rallied Friday morning outside the Wall Street investment bank where CUNY Board of Trustees Chair Bill Thompson serves as chief administrative officer.