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:
This year, the New York City Labor Movement will come together on Fifth Avenue for the first time since 2019, bringing back our annual Labor Day Parade with a spectacular show of solidarity and pride.
60 million non-union workers in the U.S. say they would join a union if given the chance, but many don’t know where to begin. The Worker Organizing Resource and Knowledge (WORK) Center, launched this week by the U.S.
A union campaign dating back two years and involving workers at several New York-based architecture firms has notched its first victory.
The Air Line Pilots Association, Int’l (ALPA) hosted a nationwide informational picket yesterday, to send a strong message to airline management across the country that it’s time to address their operational problems and prioritize passengers, pilots and other frontline workers who made extraordi
NYU adjuncts, members of ACT-UAW Local 7902, are bargaining a new contract this year, with their current contract expiring at midnight on September 30th, 2022.
Help is on the way for New Yorkers seeking a union job in the transportation sector. The Consortium for Worker Education and partners in government, labor, and business are launching a new workforce training program, New York City Pathways to Industrial and Construction Careers (PINCC).
Unified workers at a Chipotle Mexican Grill in Lansing, Michigan, voted overwhelmingly on Thursday to form a union with the International Brotherhood of Teamsters, making it the first of the restaurant chain’s 3,000 locations to organize.
On Wednesday, members of SMART Sheet Metal Workers Local 28, Laborers Local 79, Steamfitters Local 638, community supporters and other union workers rallied in front of the Tribeca Film Center, calling on self-professed union man Robert De Niro to stop cutting corners on workplace standards by us
Workers at the Trader Joe’s Wine Shop in Union Square spent the last four months laying the groundwork to unionize their store.
Approximately 30,000 NYSNA nurses have union contracts expiring on December 31, 2022, or in early 2023. This is the first time in New York state that so many private and public sector nurses will be bargaining for critical improvements to their profession and their patients at the same time.