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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On Tuesday, the editorial employees comprising the Fortune Union walked off the job for one day to hold an informal press conference and rally to expose management's bad-faith in negotiations with the NewsGuild of New York, the worker’s bargaining representative, and to demand a fair, equitable c
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After two years of bargaining, graduate workers at Columbia University (GWC-UAW 2110) are set to go on strike on Monday, March 15th at 10am if the University does not agree to a fair contract. Last spring, 96% of student workers voted 96% yes to authorize a strike.
On Wednesday, the CLC hosted our 2021 Labor and Civil Rights event, an annual opportunity to recognize and celebrate the continuing unity and interdependence of the labor and civil rights movements.
With the NLRB ballot count completed, the Queens Defenders Union, UAW 2325 has been certified as the bargaining representative of the professional employees of Queens Defenders by a vote of 46-12.
Join us on Thursday, March 25, 6pm as we commemorate the lives lost during the Triangle Shirtwaist Factory Fire of 1911. #TriangleFire #WeRemember
On Sunday, President Biden made perhaps the strongest public statement in support of the right of workers to organize that any American President has made in memory, denouncing
Three weeks ago, CUNY Chancellor Matos Rodríguez decided to ignore the PSC-CUNY contract and refuse to pay equity increases to 2,500 workers in lower-paid full-time staff and faculty positions.