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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Yesterday, the editorial employees of The New Yorker
The Town Board's approval of the Host Community Agreement and easement for the Beach Lane route to site the offshore wind transmission cable is a crucial step forward in New York’s progress to harness 9,000 megawatts of offshore wind energy.
This week, working families across our city and nation were witness to one of the darkest days in our history, as a violent mob stormed the Capitol in an effort to overturn a free and fair election and prevent a peaceful and Constitutional transfer of power.
As we come to the end of an unprecedented year in our city and our nation’s history, we’re taking a look back at all that we’ve accomplished as a city labor movement in the face of previously unimaginable obstacles.
Staff attorneys and social workers at Queens Defenders (QD) this week announced their intent to join the Association of Legal Aid Attorneys - UAW Local 2325 by filing an election petition with the National Labor Relations Board.
Workers with Sunrise Movement, a youth-led movement organization advocating to stop climate change and create millions of American jobs, have voted to form a union with CWA Local 1180. Management has agreed to recognize the staff union.
Future plc, the multi-platform media company, has ratified its first collective bargaining agreement with the Writers Guild of America, East (WGAE). The three-year contract will provide a third of the company’s lowest-paid employees with a pay increase averaging $10,000.
Members of the New York City musicians’ union (AFM Local 802) have launched #SaveNYCMusicians, a campaign to share the stories of NYC musicians and ask the public for support.