Retirement Security

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:

Nov 16

Thursday, November 16: Red Cup Day is Starbucks’s biggest sales event of the season - and also one of the most infamously hard, understaffed days for the baristas that work them.

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A six-week wave of strikes that hobbled the three largest U.S. automakers has resulted in tentative contract agreements that, if ratified, will give autoworkers their biggest pay raises in decades.

Nov 3, 2023 | News Story

Unionized staff of the Brooklyn Museum, members of Local 2110 UAW, have set a strike deadline and will begin picketing the Museum on Wednesday, November 8 if no agreement on a contract is reached before that date.

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The Times Tech Guild – the largest union of tech workers with collective bargaining rights in the country – walked out Monday afternoon in protest of the New York Times’ flagrant disregard for their rights as union members.

Nov 3, 2023 | News Story

Following the devastation of Hurricane Ida, the community of Cambria Heights, Queens lost a local landmark on the corner of 222nd Street and 115th Avenue. The dual archways ornamenting the sidewalks of 222nd Street are beautiful public artwork that predates most of the homeowners on the block.

Nov 3, 2023 | News Story

Unionized workers at Scholastic – the children’s publishing powerhouse – walked off the job Wednesday in protest of the billion-dollar company’s refusal to pay its workers fair wages, specifically its rejection of the Scholastic Union’s proposal for annual raises.

Nov 3, 2023 | News Story

Workers at the Brooklyn Strategist, a popular board game cafe in Cobble Hill, demanded voluntary union recognition as the Brooklyn Strategist Workers Union, as part of Tabletop Workers United, on Wednesday by confronting owner Jon Freeman with a petition signed by more than 75% of workers.

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New York State is about to submit its plan to the Federal Government to spend nearly $1 BILLION on broadband deployment and we need to make sure our recommendations are included in the plan.

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It’s been nearly two years since the WGA East began negotiations with MSNBC, but they’re still fighting for a fair first contract. Thus far, MSNBC has refused to agree to fair wages or codify meaningful work-from-home flexibility for its workers.

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The General Election is Tuesday, November 7, and early voting is running through Sunday, November 5th!