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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New York, NY - New York City Central Labor Council, AFL-CIO President Vincent Alvarez today released the following statement, reaffirming the Council's support of the horse carriage industry:
Wouldn’t it be amazing if working families gathered together on Black Friday and sent a message to the country’s largest employer that its workers deserve a living wage and full-time work? Well, that’s exactly what’s going to happen, and you can be a part of it.
On Thursday members of the Motion Picture Editors Guild, IATSE Local 700, allies and supporters gathered outside of 30 Rockefeller Plaza to protest Ryan Seacrest Productions and Bravo Media’s firing of the editorial crew of Shahs of Suns
TWU Local 101 members maintain the gas lines and services in Brooklyn and Queens. Their contract with National Grid is set to expire on October 15.
On Monday, the International Alliance of Theatrical Stage Employees (IATSE) filed Unfair Labor Practice charges against Bravo Media with the National Labor Relations Board.
Six months ago Utrecht workers successfully voted to unionize at the 13th street location for a decent wages, sustainable scheduling, and respect on the job. Despite a successful vote for union representation, the company has not negotiated in good faith.