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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Entertainment industry workers, nurses, teachers, construction and building trades workers, retail workers, communications workers—every unionized industry in NYC seemed to be out on the street Tuesday for a National Day of Solidarity in support of striking WGA and SAG-AFTRA members.
The actors, stage managers, bartenders and servers of Drunk Shakespeare in New York City, the longest-running of the productions nationwide, are now the fourth company of the theatrical franchise to unionize as Drunk Shakespeare United.
Postdoctoral Researchers at the Icahn School of Medicine at Mount Sinai voted to authorize their elected bargaining teams to call a strike if circumstances justify.
Writers Guild of America East (WGAE) members at FT Specialist, an editorial division of Financial Times, overwhelmingly ratified a groundbreaking first collective bargaining agreement.
Dozens of Scholastic Union members rallied at the company’s headquarters Wednesday to protest Scholastic’s slow-walking of contract negotiations and refusing to offer a fair deal, including retroactive pay and remote work rights, to workers.
There are only weeks left before union contracts for 150,000 UAW autoworkers at the Big Three expire on September 14.
After a nationwide organizing effort involving two separate unions, workers have won union recognition at the Brooklyn-based documentary powerhouse Story Syndicate.
Student workers from across The New School have officially filed as The New Student Workers Union (NewSWU) to become part of ACT-UAW Local 7902, which also represents Part-Time Faculty, Academic Student Workers (as SENS-UAW), and Student Health Center providers (as SHENS) at The New School, plus
On Monday, thousands of customers and allies organized leafleting events outside of not-yet unionized Starbucks stores nationwide.
Unionized workers at the Guggenheim Museum in New York City have ratified a contract by a 97% margin after two years of negotiations. Staffers across departments, including curators, conservators, educators, and public programming team members, unionized through Local 2110 UAW in October 2021.