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.
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The Writers Guild of America, East announced this week that the video, editorial, social and content acquisition staffs at The Dodo—the digital news site focused on animals and animal rights—voted unanimously in favor of ratifying their first union contract.
On November 30, members of the Association of Theatrical Press Agents & Managers (ATPAM) ratified a renewal agreement with The Broadway League governing employment for Theatrical Managers (Company and House) and Press Agents on Broadway and on touring productions.
After months of bargaining, informational pickets and a strike vote, nearly 30,000 nursing home caregivers and other workers at nursing homes throughout New York City, Long Island, Westchester County and Rockland County have reached strong contract agreements with their employers just in time for
After nearly two years at the negotiating table, Law360 editorial staffers unanimously approved a first contract that offers significant improvements in pay, working conditions and security to Guild-covered employees at the LexisNexis-owned legal news site.
Spectrum customers—along with the NY Attorney General’s office—have a long list of gripes with Spectrum Cable.
After a two year worker-led campaign by the Independent Drivers Guild, New York City officials voted Tuesday morning to set the nation’s first minimum pay rate for app-based drivers.
After more than 60 bargaining sessions, Student Employees at the New School (SENS-UAW) this week announced that their bargaining committee and the New School administration have reached a tentative agreement on a contract.
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Josefina Luciano took a hoof to her mouth while working at a Darigold member dairy. The kick broke her jaw, knocked out eleven teeth and left her unconscious. Her desperate co-workers called 911, but didn't know the address of the dairy. Josefina said she almost drowned in her own blood.
On Thursday, November 15, the NYC CLC's Executive Board voted unanimously to formalize the CLC's support for postal banking and for protecting public safety and jobs in the age of autonomous vehicles.