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:
October 2-October 6: WGA has won their fight, but SAG-AFTRA members are still out on the picket lines and need our support!
City school bus drivers reached a tentative contract agreement with the largest school bus companies this week, averting a potential strike that might have affected 80,000 students.
Over 100 musicians and union supporters rallied in front of Lincoln Center on opening night of the New York City Ballet to demand a fair contract for the orchestra.
Independent Brooklyn coffee shop and bar The Daily Press has become the first independent cafe in NYC to win a union contract with Workers United NY/NJ.
Support animation production workers by sending a letter to encourage Disney leadership to do the right thing and recognize the demand of Production Coordinators, Production Managers, and Production Supervisors to join IATSE Local 839, The Animation Guild (TAG).
Join members from the UAW for a Solidarity Picket with Writers Guild of America East and SAG-AFTRA members! The UAW, WGAE, and SAG-AFTRA are coming together in support of striking workers here in NYC and across the country. At Amazon/HBO, 450 West 33rd Street at 10th Avenue.
Staten Island Ferry workers who have gone without a pay raise since 2009 on Monday announced the achievement of a transformative new collective bargaining agreement with the City that guarantees an immediate 28.55% retroactive salary increase for the ferry system’s roughly 120 engineers, captains
On Saturday morning, the rain held off and spirits soared as more than 75,000 workers from across our City and region came together to march in solidarity up Fifth Avenue at the 2023 NYC Labor Day Parade.
At 11:59 last night, contracts for 150,000 UAW autoworkers at Ford, General Motors, and Stellantis expired.