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:

Dec 14, 2018 | News Story

Nearly 20 union leaders were arrested and hundreds of faculty, staff and students demonstrated in the wintry cold Dec. 10 to demand full funding for the City University of New York.

Dec 14, 2018 | News Story

Staffers at New York Magazine on Wednesday morning asked management to voluntarily recognize an editorial union, joining a host of other news and magazine organizations that have similarly unionized in recent years.

Dec 14, 2018 | News Story

Writers and editors at Slate have voted nearly unanimously to green-light a strike if management refuses to agree to a fair contract. Slate’s editorial employees, represented by the Writers Guild of America–East, authorized the potential strike by a vote of 52 to 1.

Dec 14, 2018 | News Story

After an almost two-year fight for a fair contract, employees at Law360, a LexisNexis-owned legal news site, successfully secured a first-ever tentative agreement covering 170 workers.

Dec 14, 2018 | News Story

More than a dozen members of the Legal Services Staff Association, UAW Local 2320, headed to Texas this week to volunteer their legal knowledge and expertise for some of the most urgent legal cases today.

Dec 14, 2018 | News Story

The International Labor Communications Association, founded in 1955, is the professional organization of labor communicators in North America.

Dec 14, 2018 | News Story

The NYC Central Labor Council hosts Political Directors meetings every month.

Dec 21, 2018 | News Story

After three contract extensions, months of bargaining and over two years of uncertainty and fight-back, 1199SEIU workers employed by NYU Langone have reached a new contract with their employer.

Dec 21, 2018 | News Story

The Writers Guild of America, East announced this week that the video, editorial, social and content acquisition staffs at The Dodo—the digital news site focused on animals and animal rights—voted unanimously in favor of ratifying their first union contract.

Dec 21, 2018 | News Story

On November 30, members of the Association of Theatrical Press Agents & Managers (ATPAM) ratified a renewal agreement with The Broadway League governing employment for Theatrical Managers (Company and House) and Press Agents on Broadway and on touring productions.