Posts tagged Retirement
Opinion: Democrats Attack Gig-Worker Benefits
July 23, 2025 // In a committee hearing on the bill last week, Sen. Bernie Sanders sidestepped the issue of worker benefits to address his party’s real concern—giving unions more power over individual workers. “These bills are about giving corporations the freedom to deny workers the right to form a union,” he said. Independent contractors can’t unionize under the National Labor Relations Act, so unions and the Democrats they support want to outlaw contract work, or at least deprive it of benefits that could attract workers. Democrats on the committee were united in opposition. This political opposition has deterred several gig companies from offering benefits. Uber CEO Dara Khosrowshahi has pledged more than $650 million a year to fund health insurance and paid time off if lawmakers would withdraw the threat of reclassifying the company’s drivers.
Federal and State Leaders Take Aim at Empowering America’s Flexible Workforce
July 16, 2025 // However, while federal leaders build support for national reforms to help workers all across America, states are not sitting idle. They know that not only do self-employed workers support greater access to portable benefits, but their residents in general think this warrants policy reforms as well. Instead, many are forging ahead with legal pathways for flexible, portable benefits, maximizing what they can do at the state level in ways that will be further enhanced by federal reforms when they occur. Many states introduced legislation this year to legalize voluntary benefits, but several pioneering states now have laws enacted.
Republican senators unveil “portable benefits” bill for gig workers
July 7, 2025 // Sen. Bill Cassidy (R-L.A.) unveiled a bill on Monday that would make it easier for companies to offer benefits to gig workers without making them full-fledged employees. Why it matters: As more Americans turn to gig work and self-employment, there's a growing push to get them access to things like paid sick leave, health insurance and retirement benefits. Zoom in: Called the Unlocking Benefits for Independent Workers Act, the bill is part of legislative package from Cassidy, along with Sen. Tim Scott (R-S.C.) and Sen. Rand Paul (R-Ky.). Both also plan on unveiling related bills Monday.
Wisconsin gig workers could become independent contractors under bill headed to governor’s desk
June 19, 2025 // Drivers for transit apps like Uber or DoorDash would be given more flexibility, but they'd also be exempt from worker's compensation or minimum wage requirements
New Bill Lowers 401(k) Plan Participation Age to 18
May 13, 2025 // “Americans who don’t attend college and immediately enter the workforce should be given every chance to save for retirement,” Cassidy said in a statement. “This legislation empowers American workers, giving them more opportunities to plan for a secure retirement.”
Thousands of machinists union members go on strike at jet engine maker Pratt & Whitney
May 7, 2025 // About 3,000 labor union members have gone on strike at jet engine maker Pratt & Whitney in Connecticut, as negotiations over wages, retirement benefits and job security broke down
Workers at Pratt & Whitney, Electric Boat consider strikes
May 5, 2025 // The company has acknowledged it has been “actively preparing a business continuity plan in the event of a work stoppage,” adding it will “not waver from our commitment to continue building submarines, the nation’s top national security priority.”
Opinion: One mother’s fight against forced union dues
April 29, 2025 // Every pay period, a portion of my hard-earned wages disappears into the Teamsters’ “Health and Welfare Trust Retiree Plan.” It is likely this deduction isn’t just about healthcare for retirees. A portion of the funds may be channeled into the union’s shareholder activism — buying shares in companies and then pressuring corporate boards to adopt political positions I never agreed to support. The lawsuit challenges California’s Meyers-Milias-Brown Act, which essentially traps public employees like me in a financial relationship with unions we’ve explicitly rejected.
CT Electric Boat workers OK strike option, as UAW President Fain tells company ‘clock is ticking’
April 17, 2025 // Among Local 571’s demands are record wage increases, pensions for all members, a cost-of-living adjustment, profit sharing and better health care benefits. In the meantime, Local 571 members are working under the terms of their expired agreement. Electric Boat officials were not immediately available for comment on Monday night. Company officials said in a statement last week that they had “presented our best and final offer” to the union in the previous week. They added that their offer “provides historic wage growth, a continuation of our premium benefits package and retirement enhancement for all employees.”
Tennessee Supports Independent Workers
April 7, 2025 // A portable benefits account is designed to empower contract and freelance workers by helping them save for key benefits such as health insurance, income replacement, retirement, and disability insurance. These accounts are owned by—or legally tied to—the worker and remain with them as they move between jobs, industries, or locations. This portability gives independent workers the flexibility and security they need to thrive. This year, Senator Bo Watson sponsored SB1377, accompanied by Representative Charlie Baum’s HB494, which allows any person or entity to contribute to a worker’s portable benefits account. The legislation includes three key protections