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 6, 2023 | News Story

This week, NYSNA announced that nurses at NewYork-Presbyterian Hospital, Maimonides Medical Center and Richmond University Medical Center have reached tentative agreements that include improvements in safe staffing and wages. Now nurses will vote on whether to ratify their new contracts.

Jan 6, 2023 | News Story

Workers at HarperCollins Publishers entered 2023 still on strike, more than 40 days after about 250 employees at the publishing giant walked out when contract negotiations broke down in November.

Dec 30, 2022 | News Story

NYSNA nurses have announced the outcome of strike authorization votes at NYC private sector hospitals with union contracts expiring Dec. 31.

Dec 28, 2022 | News Story

In 2022, we’ve seen workers here and around the country rise up to take back their own power, demanding better pay, improved working conditions, and a voice in their workplace.

Dec 23, 2022 | News Story

Actors’ Equity Association members have ratified a new three-year agreement with The Broadway League. The Production Contract: Broadway and Sit-Downs governs employment in shows on Broadway, as well as in sit-down shows produced by members of the Broadway League elsewhere in the United States.

Dec 23, 2022 | 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.

Dec 16, 2022 | News Story

1700 part-time faculty members at The New School (members of UAW Local 7902) have a tentative agreement and are back at work following their strike, the longest adjunct strike in U.S. history. Workers won:

Dec 16, 2022 | News Story

Workers at the Starbucks Reserve Roastery flagship on Manhattan’s 9th Avenue ended a seven-week strike and returned to work on Monday, after securing an agreement that commits the coffee chain to regularly scrub equipment at outposts nationwide.

Dec 9, 2022 | News Story

After 20 months of negotiations, members of the New York Times Guild walked out yesterday due to the company’s failure to bargain in good faith and reach a fair contract agreement with the workers.

Dec 9, 2022 | News Story

The workers of OnPoint NYC this week announced their intent to organize a union and be represented by the New England Joint Board of UNITE HERE.