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.
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Governor Kathy Hochul yesterday signed the Clean Slate Act, which seals certain criminal records and allows individuals to seek employment, housing, and educational opportunities so they can improve their lives.
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The ballots have been counted and the UAW has announced that Weill Cornell Medicine postdocs have voted by an overwhelming 98.8% to form their union, Weill Cornell Medicine Postdocs United-UAW!
On Wednesday, unionized REI workers with the Retail, Wholesale and Department Store Union (RWDSU), and the United Food and Commercial Workers International Union (UFCW) filed coordinated
Registered apprenticeships are good for employers and good for working people. Employers develop a highly skilled workforce, and working people get paid work experience, classroom learning and a pathway to success.
When you buy union, you’re supporting good jobs in American communities, jobs that provide living wages and benefits, safe working conditions, and dignity and respect for work. Look for quality products, produced by union members, when preparing for your Thanksgiving feast.