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:
Management of REI SoHo has not only ignored workers' requests to have their union voluntarily recognized, they’ve deployed textbook union-busting tactics meant to intimidate and scare workers out of voting Union Yes.
Nail salon technicians experience harrowing conditions on the job: labor rights violations at their workplace, wage theft, health and safety concerns which have worsened during the COVID-19 pandemic.
On Thursday, five downstate New York Starbucks shops in four locations in Manhattan, Brooklyn, and Long Island filed for union recognition with Workers United NY/NJ Regional Joint Board, an SEIU affiliate, bringing the total number of Starbucks union petitions filed nationally to 72 across 21 sta
On Tuesday, drivers and and delivery workers from across the city kicked off the Justice for App Drivers Campaign with a rally in Foley Square in Manhattan.
Workers at the world-famous American Museum of Natural History filed a union petition last week to organize with the American Federation of State, County and Municipal Employees (AFSCME) District Council 37, the city’s largest public-sector employee union, which already represented dozens of work
Internal documents and Slack messages obtained by the Guardian this week revealed that senior executives at the New York Times are heavily leaning on workers to vote no in a union election for more than 600 tech employees.
Staffers at the Financial Times U.S. bureaus including the FT's U.S. headquarters in New York City are forming a union, becoming the latest group of workers to join the surge in organizing among media employees.
Teamsters Local 553 members, mostly immigrant workers, at an oil terminal in Brooklyn owned by billionaire John Catsimatidis have been on strike against Catsimatidis’ oil company, United Metro Energy Corporation, for almost 10 months.
Los Deliveristas Unidos (“LDU”) is a campaign by the Workers Justice Project, a collective of app-based delivery workers fighting justice and better working conditions.
Employees at REI's flagship store in Soho filed for a union election last Friday, making the outdoor equipment and apparel retailer the latest prominent service-industry employer whose workers have sought to unionize.