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:
Unionizing TV Commercial Production Department workers, backed by the International Alliance of Theatrical Stage Employees (IATSE) union and the Stand With Production Movement have met heavy resistance to their organizing efforts from the Association of Independent Commercial Producers (AICP).
TIME Union workers have voted unanimously to ratify a new contract, a historic agreement that covers all TIME editorial employees without any divisions among the print and digital sides of TIME or TIME for Kids. The deal was finalized on July 21and ratified this week.
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August 11, 2022
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New York City’s neglect for its Staten Island Ferry mariners, who have been working for the last 11 years without a contract, impacted other working New Yorkers this week when the system suffered service disruptions due to understaffing caused by the NYC Department of Transportation's failure to
Nearly 300 journalists at Reuters, the global news agency, walked off the job yesterday for 24 hours in protest of management’s slow-walking contract renewal negotiations, the first major labor action by journalists at the company in more than 30 years.
UPS workers across the country — including 14 locations in the New York region — rallied this week to launch the Teamsters contract campaign, a one-year effort to inform and mobilize members to win the strongest possible contract at UPS.
A strong contingent of New York State Alliance of Retired Americans leaders participated in the ARA virtual National Membership meeting July 27-28. The program included addresses by AFL-CIO President Liz Shuler and Secretary-Treasurer Fred Raymond, along with U.S. Rep.
Union members worked together across the labor movement to win many important victories for working people last year.
Workers in production departments for TV commercials across the United States are going public with their union with the backing of the International Alliance of Theatrical Stage Employees (IATSE) and the Stand With Production movement.