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:

Jan 20, 2023 | News Story

To commemorate Dr. Martin Luther King, Jr.’s birthday, hundreds of NYSNA nurses from New York City Health+Hospitals (NYC H+H)/Mayorals held a speak-out and march on NYC H+H corporate headquarters with the message: We are nurses and we demand health equity.

Jan 20, 2023 | News Story

Staff Attorneys at RiseBoro Community Partnership LEAP (Legal Empowerment and Assistance Program) have announced their intent to join the Association of Legal Aid Attorneys - UAW Local 2325, filing an election petition with the NLRB while calling on management to voluntarily recognize their union

Jan 20, 2023 | News Story

The U.S. Department of Homeland Security (DHS) has announced that noncitizen workers who are victims of, or witnesses to, the violation of labor rights, can now access a streamlined and expedited deferred action request process.

Jan 18

Unionized employees at HarperCollins Publishers are hosting a rally outside parent company, News Corp, offices at 1211 Avenue of Americas in Manhattan, on January 18 at 12:30 PM. The rally follows the two-month mark of the strike, which commenced on November 10 of last year.

Jan 19

Join Fordham University faculty, staff, students, and supporters for a rally to support contingent faculty in their struggle for a fair contract! The rally will take place at Fordham Lincoln Center Campus (Columbus & W 60th).

Jan 13, 2023 | News Story

New York City nurses' strike for safe staffing ended yesterday morning in historic victory as tentative deals were reached with both Montefiore Bronx and Mount Sinai Hospital. Nurses won concrete enforceable safe staffing ratios in both deals and went back to the job immediately.

Jan 13, 2023 | News Story

As a worker organizing wave continues to sweep the country, Fordham University instructors are joining the ranks of educators and students challenging the status quo in higher education.

Jan 13, 2023 | News Story

On Monday, twelve janitors at Twitter’s 245-249 West 17th St. location went public about their lives being upended after Twitter canceled its contract with their employer Flagship Services with no explanation.

Jan 13, 2023 | News Story

"We’ve had, I think, a really strong financial performance for 2022. Revenue was significantly higher for 2022 than it was last year. We will be more profitable this year." These are the words of Bustle Digital Group’s CEO, Bryan Goldberg, in an internal podcast released on October 17.

Jan 12, 2023 | News Story

NYSNA: After 3 days on strike for safe staffing, nurses at both hospitals to return to work on Thursday, Jan. 12, 2023.