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:
Last Friday, fast food workers gathered near a Bushwick Domino’s to protest the firing of delivery driver Gregory Reynoso.
On Friday, July 26, over 100 Home Care workers with 1199 SEIU, gathered with public officials for a speak-out and rally outside of Accent Care’s Bronx office.
1199 SEIU HOME HEALTH AIDES TO RALLY FOR SICK DAYS, AFFORDABLE HEALTH INSURANCE
Join Fast Food Forward members and supporters as they rally to support fast food workers walking off the job in protest of low-wages, a lack of benefits, and workplace respect. Se below for a schedule of actions around the city.
12pm: Join ROC-NY, low-wage workers, and supporters for an afternoon action supporting workers employed by Darden Brands who are organizing against illegal and unfair conditions. Darden, which owns The Capital Grille, Red Lobster, and Olive Garden, is adamantly opposed to increa
This week, the NYC District Council of Carpenters continued its strike against the Manufacturing Woodworkers Association of Greater NYC, seeking better wages and benefits for workers. The Carpenters’ contract expired on June 30, and on Monday July 1, 350 members went out on strike in protest of