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:
The IDG Benefits Fund (the sister organization of the Independent Drivers Guild, which represents and advocates for more than 70,000 app-based drivers in New York City) is providing free flu shots for New York’s app-based and black car drivers throughout the month of November.
With a strike deadline looming and on the heels of a decisive postdoctoral researcher vote in favor of unionization last month, the Graduate Workers of Columbia-UAW (GWC-UAW) and Columbia Postdoctoral Workers-UAW (CPW-UAW) have made history by approving a framework agreement with Columbia Univers
The journalists at Mashable and PCMag have joined the wave of digital news outlets aiming to become union shops.
It’s no secret that the Labor Movement is under attack, directly affecting good, middle class, family-sustaining jobs. The work you accomplish everyday helps move this City forward, and we want to work together with you to help ensure that we are empowering and protecting our communities.
Have you ever been in trouble with the boss and asked your union steward to stand up for you? No one ever needed the union’s support more than New York City sanitation worker Kevin Carroll.
Before you put together your Thanksgiving dinner shopping list, check this list of union-made in America food and other items that are essential to a traditional family Thanksgiving feast.
This Tuesday, union members across the nation turned out in droves to vote for candidates that have committed to standing with working families. Here in New York, NYS AFL-CIO-endorsed candidates overwhelmingly won their Congressional, Statewide, and State Legislative races.
This week's news that Amazon may be planning to open part of its HQ2 in Long island City has sparked concerns for some about gentrification, strains on existing infrastructure, and using taxpayer subsidies to help a massively profitable private business set up shop.
In case you missed it, check out NYC CLC President Vincent Alvarez's Letter to the Crain's Editor asking why Washington, DC political operative Richard Berman refuses to disclose who is funding his shady
More than 400 SAG-AFTRA members rallied yesterday in front of ad agency Bartle Bogle Hegarty, LLC (BBH), which is trying to illegally abandon its union contract after almost 20 years. The rally took the form of a mock bake sale to raise funds for BBH. Thousands of baked goods were handed out.