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 Supreme Court on Wednesday issued its decision in Janus v
Members of the New York State Nurses Association are proud to announce a tentative agreement with management of Staten Island University Hospital. The ratification vote for the registered nurses will occur Thursday and Friday.
New York City Council Member I. Daneek Miller, chair of the Committee on Civil Service and Labor, said on Monday it’s “pretty obvious” that Charter/Spectrum has not bargained “in good faith” with striking IBEW Local 3 workers.
District Council 37, the city’s largest public employee union, has reached a tentative agreement with the City of New York on a new, 44-month wage pact that provides a total of 7.42 percent in pay hikes; back pay; plus additional resources to boost employee education and training and to address i
On Wednesday, with an expired contract, 1,500 unionized H&M workers at locations across Manhattan ramped up their campaign for a fair new contract. After months of negotiations, it was clear to the union that the company was not bargaining with any real intent to secure a new contract.
Statement from NYC CLC President Vincent Alvarez in response to the US Supreme Court Decision on Janus v AFSCME Council 31
New York, NY - "We know that these attacks on unions are being driven by anti-worker and other right wing interests to strike a blow at the infrastructure that supports every day working class Americans—not simply unionized public sector workers, but their private sector counterp
2018 New York City
Labor Day Parade & March
NYC is a
On Tuesday after work, hundreds of union construction workers rallied outside of Related Companies headquarters...
Celebrate your dad in solidarity style this Father's Day by getting him a gift that sports the union label. Check out some union-made Father's Day gift ideas from our friends over at Labor 411, the union business directory from the Los Angeles County Federation of Labor.
After months of intense negotiations and a public campaign by UFT members, the union and the Department of Education have reached an agreement that will provide paid parental leave for New York City public school educators.