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:
On Monday, Netflix’s Music Supervisors, in collaboration with the International Alliance of Theatrical Stage Employees (IATSE), filed with the National Labor Relations Board (NLRB) seeking a union certification election.
Stand with the Dodo Union in their fight for a fair contract! In a strong act of solidarity the Dodo Union delivered a strike pledge to parent company Vox Media signed by 100% of the bargaining unit.
Starbucks workers at the Williamsburg Starbucks Reserve went on a one day strike Saturday over unfair labor practices and Starbucks' refusal to come to the table and negotiate in good faith.
Unionized employees of HarperCollins Publishers have authorized another strike by 95.1% vote. The strike will commence on November 7 if the publisher does not agree to a fair contract.
On Tuesday, members of 32BJ SEIU went on strike at the super luxury residential building 108 Leonard Street, a 166-unit condo in the Tribeca section of Manhattan also known as the Clock Tower building.
The ActBlue Tech Workers Union/CWA has been voluntarily recognized by ActBlue Technical Services’ management after a neutral third party verification confirming that a majority of eligible workers have signed union authorization cards.
At our October 2022 Executive Board Meeting, the NYC CLC passed four resolutions addressing upcoming ballot proposals, immigration policy, and FIFA/2026 World Cup human rights and labor standards. Click the links below for the full text of each resolution:
Servers, bartenders and kitchen staff at Oddly Enough in Brooklyn are seeking to form a union. Nine employees filed for an election with the NLRB to form the Brotherhood of Oddly Enough Workers union.
Starbucks Workers United is asking supporters to stand with them by taking the #NoContractNoCoffee pledge!