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:
The BCTGM announced this week that is has reached a tentative agreement with Nabisco/Mondelez on a new contract. In the coming days, the Local Union officers on the bargaining committee will present the tentative agreement to their respective memberships who will then vote on the agreement.
Last Friday, the staff at Brooklyn Defender Services (“BDS”) resoundingly confirmed their desire to form a wall-to-wall union and enter into contract negotiations with their employer.
Staff attorneys, senior staff attorneys, senior counsel, paralegals, mailroom clerks, and social work and reentry staff at Appellate Advocates have announced their intent to join the Association of Legal Aid Attorneys - UAW Local 2325 by filing an election petition with the National Labor Relatio
Today, we observe Labor Day by recognizing all working people for their contributions to our nation and giving them a chance to enjoy a well-earned rest and time with their loved ones.
AFM Local 802 President Adam Krauthamer and sixteen elected officials from across New York have called on the New York City Ballet to negotiate with its musicians and settle on a fair contract.
The ballots are in at MSNBC, and the National Labor Relations Board (NLRB) has counted them: 141 editorial staffers at MSNBC voted to be represented by the Writers Guild of America, East (WGAE) for the purpose of collective bargaining; 58 people voted no.
Yesterday, the Retail, Wholesale and Department Store Union (RWDSU) announced that workers at Greenlight Bookstores and Yours Truly stationery stores have won recognition for their union.
(Updated 9/2/21) Workers at Nabisco facilities in Chicago, Ill.,
The essential workers at United Metro Energy Corporation in Brooklyn, New York have been on strike since mid-April. The oil terminal workers are fighting for their first union contract after joining Teamsters Local 553 in 2019.
New York Times tech employees walked off the job on Wednesday in a half day work stoppage to protest the publisher's aggressive union busting efforts.