For a growing number of US workers, dreams of a decent retirement are quickly evaporating as companies shift retirement costs onto workers, in the form of deductions from already declining wages, in order to maintain profits in a competitive global economy.
In the wake of the post-World War II business boom, US workers were granted certain limited concessions in a three-legged system of retirement security that included individual savings, government programs and private employer pensions. Between the 1940s and the 1980s, private pensions with a guaranteed payout (also known as defined-benefit pensions), became a standard component of compensation for a large section of the American workforce.
Worcester immigrants and supporters are organizing a local demonstration as part of the growing immigrant rights movement across the United States. A May 1st protest is being planned by a coalition of local community groups, churches, immigration law attorneys and non-profit organizations.