Retirement Security
![](https://www.nycclc.org/sites/default/files/styles/photo-primary/public/primary-photos/issues/retirement-security-retirement-securityissuebanner.png?itok=Xa9fpXHE)
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:
Following a vote of its Executive Council, which represents 60 unions and 12.5 million workers, on Monday the AFL-CIO unanimously endorsed Vice President Kamala Harris for President in
NYC School Architects, Engineers, and Technical Professionals rallied with community leaders in front of School Construction Authority (SCA) headquarters in Long Island City on Thursday in an attempt to bring SCA back to the bargaining table as wages and benefits for 300-plus workers hang in the
The actors who breathe life into the video games you love are facing an existential threat — and that’s why they've gone on strike effective at 12:01 this morning.
CWA 1180-Bird Union members have been negotiating with Audubon for more than two years for their first union contract, while Audubon has dragged their feet and made attempts to weaken the union, including denying discretionary raises to CWA 1180-Bird Union members that were given to other staff.
Actors’ Equity Association applauds the reintroduction of the bipartisan Performing Artist Tax Parity Act (PATPA), introduced by Sen. Mark Warner (D-VA) and Sen. Thom Tillis (R-NC).
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.
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.
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
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.
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.