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:

Feb 24, 2023 | News Story

“NO CONTRACT, NO PEACE!” That was the rallying cry of over 100 musicians and union supporters who picketed in front of Carnegie Hall on Feb. 20 to demand a fair contract for the DCINY Orchestra, who are represented by AFM Local 802.

Feb 24, 2023 | News Story

Members of TWU Local 100 and the Riders Alliance gathered Wednesday outside Grand Central to make the case against service cuts and in support of six minute service and better transit funding.

Feb 24, 2023 | News Story

Resident physicians and fellows at Elmhurst Hospital, represented by the Committee of Interns and Residents (CIR/SEIU), held a rally on Tuesday to bring attention to what they believe is Mount Sinai’s inequity in the treatment of healthcare workers and to call for a fair contract to benefit thems

Feb 24, 2023 | News Story

Alphabet Workers Union-CWA members and their coworkers on the YouTube Music Content Operations team, contracted through Cognizant, are on an Unfair Labor Practice (ULP) strike after the company issued a Return to Office (RTO) order in response to the workers filing for a certification election wi

Feb 24, 2023 | News Story

After winning their union last year (89.5% voted union yes), Mt. Sinai’s Icahn School of Medicine Postdoctoral Researchers (members of SPOC-UAW) are still waiting for administrators to agree to basic, routine labor rights in contract negotiations.

Feb 24, 2023 | News Story

Twenty construction workers died on the job in New York City in 2021, according to a new NYCOSH report released this week, with the pace of fatalities rising back to pre-pandemic levels after a year of industry shutdowns.

Feb 27

Members of the Professional Staff Congress (PSC), the union of CUNY faculty and professional staff, will rally before work outside CUNY Central (205 E. 42nd St.) the morning of Monday, February 27, the day before their contract expires. Arrive at 7:30 AM. Rally begins at 8 AM.

Feb 21

Workers from the YouTube Music content operations have been organizing to build power in their workplace.

In response to these workers exercising their legally protected rights, their employers Google & Cognizant are retaliatiing against them.