Retirement Security
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:
The New York City musicians' union, AFM Local 802 has announced a strike against Distinguished Concerts International New York, a for-profit company that produces concerts at Carnegie Hall and Lincoln Center and that boasts a roster of 257 musicians.
The collective bargaining contract for city workers expired in May 2021, and the last time these public servants received a pay increase was in 2019– long before hundreds of municipal workers lost their lives to COVID-19 while showing up to make New York City run.
The WGA East has filed an unfair labor practice charge against the Bustle Digital Group, in response to the termination of three members who were laid off there recently in retaliation for their concerted, protected union activity in violation of the National Labor Relations Act.
Committee of Interns and Residents/SEIU members at Elmhurst Hospital will hold a rally demanding patient and healthcare worker equity on Tuesday February 21, 2023 from 5 pm - 6 pm.
After thirteen weeks on strike, members of the HarperCollins Union announced last night that they have reached a tentative agreement that includes increases to minimum salaries across levels and a $1500 lump sum bonus to all union employees.
More than 200 journalists at NBC News, MSNBC, and TODAY Digital walked off the job Thursday morning in protest of their employers' illegal actions and bad-faith bargaining.
More than 1000 Legal Aid Society attorneys and allies held pickets outside their offices in all five boroughs of New York City on Wednesday, demanding fair wages after seven months without a contract.
Writers Guild of America, East members at WNYW Fox 5 New York are currently in negotiations with FOX 5 for their renewed contract. They are determined to get a fair deal; however, they are now facing the largest obstacle to an agreement—protecting their WGA Pension.
More than 400 writers in film and television who are members of the Writers Guild of America, East (WGAE) and Writers Guild of America West (WGAW) have signed a petition in support of their fellow Guild members at MSNBC who have been negotiating a first contract for over a year with management at
The New York Daily News this week featured NYSNA's fight for pay equity and health equity in public hospitals. H+H/ Mayoral members’ contract expires on March 2.