Sentences with phrase «income private sector workers»

Nearly three quarters, or 74 percent, of low - income private sector workers in New York City don't have access to a retirement savings plan, Public Advocate Letitia James said Thursday.

Not exact matches

Eroding pension plans by shifting risk onto vulnerable employees and retirees with limited ability to absorb income cuts is quite in keeping with the Harper government's determination to lower the boom on public sector workers and improve the profitability of their corporate friends in the private sector.

'' The NHF is a scheme into which Nigerian workers in the public and private sector, earning a minimum of N3, 000 per annum, contribute 2.5 per cent of their monthly income.

Most private sector workers in New York City do not have any access to a retirement savings program, and low - income, immigrant, minority, and female New Yorkers are disproportionately impacted.

The state has one of the highest per - capita incomes in the country, and the average teacher makes $ 66,597, which even with benefits is on par with or slightly behind similarly educated private sector workers, according to Jeffrey H. Keefe, a Rutgers professor who studied the issue for the liberal - leaning Economic Policy Institute.

Editor's note: This piece originally stated that income - driven repayment would be eliminated for private sector workers.

• Major source of retirement assets — Combined, individual retirement accounts (IRAs) and Keoghs (for the self - employed) account for a sizable portion of the assets held by Americans in tax - preferred retirement plans and are likely to become the single largest source of retirement income outside of Social Security benefits for private - sector workers.

It included raising the cap on income subject to the Social Security tax to $ 195,000 by 2020, gradually increasing the retirement age for full benefits to 69 by 2070 and creating retirement security plans for private - sector workers.