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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Stand with the News Guild of New York for a rally to save El Diario.
“Mayor de Blasio’s proposal is a real step forward in ensuring that New York City’s working men and women have the tools they need to help with the rising costs of everyday living expenses in our city,” said Vincent Alvarez, President of the New York City Central Labor Council, AFL-CIO.
The state legislature can pass a statewide $15 in 2016 – but they need to feel the pressure from people across the state who know that an $8.75 minimum wage isn't enough to live on.
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Today, one year from 2016 Presidential Election Day, workers gathered in Downtown Brooklyn to call for “$15 and a Union.” Representatives of unions including 32BJ SEIU, 1199 UHWE, TWU Local 100, RWDSU, Workers United, CWA District 1, CWA Local 1109, Teamsters 814, Ironworkers Local 40, Teamsters
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What do fast food workers, construction workers, new media, entertainment workers, teachers, transportation workers, and retail workers have in common?
They are all fighting for change by putting workers' voices & faces front and center in their fights!
New York, NY – New York City Central Labor Council, AFL-CIO President Vincent Alvarez released the following statement regarding the City’s proposal to eliminate competitive examinations in FDNY recruitment: