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:
International Women’s Day
We’ll meet on York Avenue,
between 68th and 69th Streets
Teachers at Kaplan and writers at Scholastic, represented
by the Newspaper Guild of New York (CWA Local 31003), are fighting for fair contracts and they need your help!
Highlights Recognition of Public Employees, Need for Higher Wages, and Reduction of Income Disparities
This coming Saturday, February 1st, the workers and their allies will be rallying at 1199 SEIU on West 43rd Street at 1 pm to celebrate the tenacity and determination of these 300 Brooklyn Cablevision technicians to win a fair collective bargaining agreement.
On Tuesday, a group of labor, community and elected leaders gathered for a news conference to protest the fast-tracking of the Trans-Pacific Partnership (TPP), a proposed trade deal that would kill American jobs, and eradicate environmental protections that working men and women have fought to ma
This week, UFCW 1500 members overwhelmingly ratified a new contract for members employed by Stop & Shop. The new contract complies with the Affordable Care Act, and maintains affordable coverage with no paycheck deductions for full-time workers, while also increasing hours, maintaining denta
WORKERS SAY THEY WILL TAKE A STAND FOR MORAL AND ECONOMIC JUSTICE IF BI-STATE AGENCY DOES NOT MAKE JAN. 20, 2014 PAID HOLIDAY
This week, members of IBEW Local 1212 reached an agreement with non-union company Team People to bargain over wages, working conditions, and terms of employment.