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 Friday, Condé Union won their card count and is now officially recognized as a union. The era of “prestige paying the bills” is over.
For the first time since Branch Rickey developed the modern farm system, minor league baseball players will be represented by a union.
We are on the cusp of winning a significant funding increase for the National Endowment for the Arts (NEA) and the National Endowment for the Humanities (NEH) next year, and your help is needed to make sure Congress gets it done!
Saturday, September 10th, 10AM: The New York City Labor Day Parade and March is returning to Fifth Avenue for the first time since 2019!
Workers aboard the Staten Island Ferry are sounding alarms about a staffing crisis they say has made it difficult to keep the iconic passenger boats running on time.
The Major League Baseball Players Association announced Wednesday that it is formally affiliating with the AFL-CIO with a goal of supporting the efforts and strengthening the voice of the national labor movement.
Workers at a John Catsimatidis-owned oil company who were fired after they went on strike last year must be offered their jobs back, according to a settlement between the firm and the National Labor Relations Board.
This year, the New York City Labor Movement will come together on Fifth Avenue for the first time since 2019, bringing back our annual Labor Day Parade with a spectacular show of solidarity and pride.
60 million non-union workers in the U.S. say they would join a union if given the chance, but many don’t know where to begin. The Worker Organizing Resource and Knowledge (WORK) Center, launched this week by the U.S.
A union campaign dating back two years and involving workers at several New York-based architecture firms has notched its first victory.