No longer. Most companies eliminated defined-benefit plans providing a reliable income stream and implemented 401(k) plans that leave workers at the mercy of stock market volatility, like the kind that rattled investors this week and crushed workers in 2008. No longer. Most companies eliminated defined-benefit plans providing a reliable income stream and implemented 401(k) plans that leave workers at the mercy of stock market volatility, like the kind that rattled investors this week and crushed workers in 2008.
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“Our movement began with concerns about transparency and limited career opportunities, but it now has even greater urgency as it’s expanded to address furloughs, pay cuts, and safety issues resulting from the COVID-19 pandemic,” said Katie Pirilla, an art handler at the Carnegie Museum of Art. “Workers continued organizing throughout the pandemic and found renewed strength in our fight for a safe museum for employees and the public alike.”