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:
On Wednesday, an estimated 10,000 building services essential workers, including 32BJ SEIU members from New York to Washington, D.C.
Over the past month, thousands of union members across NYC and the nation signed petitions, wrote letters and called our senators. And now…we celebrate!
By now we've all celebrated the Staten Island Amazon workers' incredible victory in their NLRB election last week, but are you sure you're read allllll the takes? To make sure you don't miss anything, here's a roundup of just some of the best for your convenience:
On Thursday, graduate student workers at Fordham University won their election to become members of CWA Local 1104 by a overwhelming vote of 229 to 15.
The Starbucks Reserve Roastery in NYC's Chelsea Market voted 46-36 to unionize on Friday, making history as the first flagship store to unionize with Starbucks Workers United, and the tenth unionized Starbucks store in the U.S. at the time of the vote (there are now 13!).
Attorneys, Client Advocates, and support staff at the Center for Appellate Litigation (CAL) this week announced their intent to join the Association of Legal Aid Attorneys-UAW 2325 by filing an election petition with the NLRB.
Anthology Film Workers including theater, office, administrative, projection and collections staff from across Anthology Film Archives last week held a one-day strike in support of a fair contract.
Congratulations to the courageous Amazon workers here in Staten Island NYC, who stood up to the most anti-union company in America to demand a seat at the table and a voice at work! NYC is a #UnionTown and workers standing together are always stronger than workers standing alone. #1u
In a major step forward for workers organizing in the media industry, employees of Condé Nast’s editorial brands and Conde Nast Entertainment this week announced the formation of Condé Nast Union, demanding voluntary recognition from manag
Workers at three Greenlight Bookstore and Yours Truly stationery, Brooklyn, New York locations have unanimously ratified their first union contract after joining the Retail, Wholesale and Department Store Union (RWDSU) union in August 2021.