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:
Join RWDSU and Macy’s workers, Members of RWDSU Local 1-S, as they rally for a new contract.
Macy’s has been making demands that would limit workers’ pay and weaken benefits. It’s time to stand with these workers against corporate greed!
WASHINGTON – U.S. Secretary of Labor Thomas Perez issued the following statement today regarding the ongoing labor dispute at Verizon:
Mobilize your members to picket a Verizon store or location for 2-3 hours, 1-2 times per week, through the end of June.
40,000 men and women are still on strike at Verizon and Verizon Wireless determined to fight for as long as it takes to protect good jobs.
Save the Date! Join us for a May 5 National Day of Action to fight for good jobs at Verizon and Verizon Wireless.
We'll be back in touch soon with more information about actions at Verizon Wireless stores near you and how you can join the fight online.
Please join Verizon and Verizon Wireless workers ON STRIKE fighting to protect good jobs.
MONDAY APRIL 18 - 10:30AM
230 West 36th St, NYC
(Verizon central office)
Workers at Verizon, members of Communication Workers of America (CWA) Local 1101, took to the streets on Thursday to demand a fair contract. After over nine months of bargaining, Verizon still refuses to negotiate a fair contract for 39,000 workers across the Northeast.