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:

Oct 30, 2017 | News Story

Brothers & Sisters:

The November 7 election is fast approaching and there isn't much time left to reach out to all of the voters! Join us to knock on fellow union members' doors in a massive canvassing operation on Saturday, November 4.

Oct 25

Now more than ever, communities of color are under constant attack, and we can’t afford to put our livelihood at further risk.

Oct 24

Now more than ever, communities of color are under constant attack, and we can’t afford to put our livelihood at further risk.

Oct 30

Join members of IBEW Local 3 as they take their contract fight with Charter/Spectrum to the streets!

 

Oct 13, 2017 | News Story

Brothers & Sisters:

The November 7 election is fast approaching and there isn't much time left to reach out to all of the voters! Join us to knock on fellow union members' doors in a massive canvassing operation on Saturday, November 4.

Sep 22, 2017 | News Story

On Monday afternoon, thousands of union workers from across NYC poured across the Brooklyn Bridge in an impressive display of solidarity with our IBEW Local 3 brothers and sisters who have been on strike for nearly six months.

Sep 22, 2017 | News Story

The Broadway Presbyterian Church was packed on Wednesday morning as GWC-UAW Local 2110, the union of Columbia University’s graduate workers and teaching assistants, held a forum about their campaign.

Sep 22, 2017 | News Story

On Thursday, organized labor in digital media counted a major victory.

Sep 22, 2017 | News Story

Two weeks ago, long-time Teamster Local 813 member Eber Garcia Vasquez was deported. The Teamsters are continuing to work with his attorney and advocates to expedite his Green Card application so he can return to the U.S. and be reunited with his family.

Nov 7

This November, New Yorkers will be asked whether or not to hold a Convention to amend our state’s constitution. Important labor protections like collective bargaining, prevailing wage, workers' compensation, and public pensions would be on the chopping block.