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 2, 2021 | News Story

Local 802 was featured in a major Rolling Stone story this week about how the American Rescue Plan saved the musicians' pension.

Apr 2, 2021 | News Story

Local Union No. 3, IBEW Business Manager Erikson addressed an open letter to Amazon workers in Bessemer, Alabama. It was sent recently to RWDSU leadership and President Stuart

Apr 16

This year's Organizing 2.0 Conference is taking place on April 16 and 17th online.

Mar 26, 2021 | News Story

As the Columbia Graduate Workers (GWC-UAW) come to the end of their second week on strike, you can help support them by adding your name to this petition

Mar 26, 2021 | News Story

Workers at Chhaya CDC, a Community Development Corporation that builds the power, housing stability and economic well-being of South Asian and Indo-Caribbean communities in NYC, this week announced that they intend to unionize with the Transport Workers Union.

Mar 19, 2021 | News Story

With masks on and drums beating, student-workers formed a picket line on Monday at 116th Street and Broadway and along College Walk to mark the first day of their strike.

Mar 19, 2021 | News Story

On Tuesday, the editorial employees comprising the Fortune Union walked off the job for one day to hold an informal press conference and rally to expose management's bad-faith in negotiations with the NewsGuild of New York, the worker’s bargaining representative, and to demand a fair, equitable c

Mar 19, 2021 | News Story

Local 802 members made several headlines this week.

Mar 12, 2021 | News Story

This week, Congress passed the American Rescue Plan Act, a $1.9 trillion bill to help fight the effects of the COVID-19 pandemic.