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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Local 1500 is proud to welcome the employees of Foragers Market to the UFCW family. On Wednesday, the employees of the DUMBO Brooklyn Foragers location did exactly what their counterparts from the Chelsea location did last week: unanimously vote in favor of being represented by Local 1500!
On Wednesday, just ahead of Earth Day, the United Federation of Teachers, District Council 37, 32BJ SEIU, the New York City Building and Construction Trades Council, the New York City Central Labor Council, Climate Jobs NY and others launched the Carbon Free and Healthy Schools campaign.
On Tuesday, a majority of over 650 tech workers at The New York Times announced that they have formed a union and are seeking voluntary recognition from the company. More than 1,300 editorial and business staff at the Times are already represented by The NewsGuild of New York.
The Environmental Protection Agency (EPA) has signed an agreement with AFGE removing anti-worker provisions from the contract and taking steps to renegotia
On Monday, hundreds of parents and community leaders braved the cold rain to rally in support of School Safety Agents, members of Teamsters Local 237. Local 237 President Gregory Floyd told the crowd: “The City Council held a hearing and the parents were not heard from...
Yesterday, unionized editorial employees at Ziff Davis — Mashable, PCMag and AskMen — walked off the job for 24 hours to protest the company’s failure to agree to a living wage for all employees and to demand that management bargain in good faith.
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In addition to the renewable energy job standards detailed above, the newly-passed state budget includes several other important victories on behalf of working people. Among them:
Yesterday, working people across our nation flooded the Senate phone lines with support for the PRO Act as part of the AFL-CIO National Day of Action. Our outdated labor laws are no longer strong enough to protect us in the workplace.
The New Yorker Union, represented by The NewsGuild of New York, is nearing the end of its fight for a first contract.