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:
Last spring, a majority of contract faculty at NYU called on then President Hamilton to meet and work out a fair process by which the NYU administration would recognize their union, Contract Faculty United-UAW, and start to bargain.
Musicians of the American Federation of Musicians of the U.S. & Canada (AFM) will begin bargaining with the Alliance of Motion Picture and Television Producers (AMPTP) this month.
Workers at City World Ford in the Bronx are on strike! In July, the workers voted unanimously to unionize with UAW Local 259. Management has repeatedly ignored requests for information and dates to bargain, so the members voted unanimously to authorize a strike starting yesterday.
New York’s minimum-wage workers had more than just the new year to celebrate Monday, with a pay bump kicking in as the clock ticked over to 2024.
This year, the whole world watched as workers across New York City and across the country came together in an unprecedented wave of activism and solidarity.
On Wednesday, an estimated 10,000 32BJ SEIU members rallied at 6th Ave & 50th St.
Production accountants at Local 161 have won union recognition for all Netflix accountants in New York and New Jersey.
Wednesday, December 20, 2:30PM: Rally with NYC commercial cleaners, porters and handypersons for a fair new labor contract covering 20,000 NYC workers and 1,300 buildings. The rally will take place at 41st Street and Broadway.