UAW on Retirement Security:
UAW has long advocated for retirement security for all working Americans, both at the bargaining table and in the halls of Congress. The UAW firmly believes that all Americans deserve a dignified and secure retirement supported by an employer-provided defined benefit retirement plan, personal savings and Social Security. We have played an important role in creating defined benefit pension plans, strengthened defined contribution plans and have championed the Social Security program. Social Security benefits have proven to be an important lifeline for tens of millions of American seniors. However, opponents of workers have repeatedly tried to weaken the benefits by claiming the program is facing a crisis.
Social Security trust fund is largely financed by the payroll tax. If the payroll tax was eliminated, this would put Social Security at risk. In fact, SS would face shortfalls in 2023. The UAW is opposed to eliminating the payroll tax.