Menu
  • Partners
  • Login
  • RSS

Class Action Review

Stay informed • A Claim Is Just The Beginning

  • Home
  • Latest News
  • Lawsuits
  • Class-Actions
  • Legal News
  • Settlements
  • News
  • Notices
Hot Topics
  • Sep 26, 2019 | Lawsuit Over Bible in Veterans Hospital Can Move Forward, Judge Says
  • Sep 26, 2019 | W.Va. Governor’s Companies Ordered to Pay $35M in Lawsuit
  • Sep 26, 2019 | How to Claim Your $100 Settlement if Yahoo Leaked Your Data
  • Sep 26, 2019 | Factbox: U.S. Lawsuits Take Aim at Vaping
  • Sep 26, 2019 | StarKist Reimburses Customers After Offering Tuna as Settlement
Home News

Uber Offers Drivers Free Retirement Planning Before Robots Eventually Take Their Jobs

TOPICS:100AccountAnnouncementBettermentCarCitiesCompanyDriversFreeUber

Posted By: CAReview Editor Aug 24, 2016

Uber is now offering drivers in select cities free financial planning through a partnership with a robo-advisor called Betterment. This announcement is coming on the heels of two huge headlines in Uber-land: the imminent rollout of the ride-hail startup’s first self-driving car, and a federal judge’s rejection of a proposed $100 million settlement with drivers in California in a worker misclassification lawsuit.

Uber mentions neither in its announcement about teaming up with Betterment. The fee-free services will be first available to drivers in Seattle, Boston, Chicago, and New Jersey, with the option to expand the offering to drivers in other cities later this year. Drivers can use the Uber app to open a Betterment IRA or Roth IRA for free for the first year, with no minimum account balance and a team of advisors to walk them through the steps of setting up a retirement account.

Uber is touting the new services as part of its ongoing effort to help its drivers save money and plan for the future. Meanwhile in the background, the company is waging a costly fight to keep drivers classified as independent contractors, arguing that it is a technology platform that connects drivers to riders, not an employer in the traditional sense. The class action lawsuit challenging that classification appeared headed toward a $100 million settlement, until last week when a judge rejected it as unfair and inadequate.

Drivers on @uber_nyc making $90k/yr Driverless car is a multi-decade transition. Let’s take a breath and I’ll see you in the year 2035 — travis kalanick (@travisk)

Uber’s efforts to speed up the adoption of self-driving technology throws another wrench in drivers’ long-term prospects. Previously, CEO Travis Kalanick had said the transition between human drivers and robotic ones would be a multi-decade process. But earlier this month, the company said around 100 self-driven Volvos (which for now would include a trained driver and engineer to monitor the process) would be picking up passengers in Pittsburgh within the next few weeks.

In other words, drivers may need to start thinking about saving for retirement, whether they’re ready or not.

Source: www.theverge.com www.theverge.com

SHARE
TWEET
PIN
SHARE
  • Older article
  • Newer article

Related Articles

Lawsuits

Immigrant Suit Claims Exploitation by Libre by Nexus


Lawsuits

State Drug Task Forces in Crossfire of Lawsuit


Lawsuits

Uber and Honda Face Lawsuit After Crash Leaves Rider Paralyzed


Lawsuits

Lyft Sued for Millions for Allegedly Overcharging New Yorkers


Latest Headlines

Sep 26, 2019

Lawsuit Over Bible in Veterans Hospital Can Move Forward, Judge Says


Sep 26, 2019

W.Va. Governor’s Companies Ordered to Pay $35M in Lawsuit


Sep 26, 2019

How to Claim Your $100 Settlement if Yahoo Leaked Your Data


No Picture

Sep 26, 2019

Factbox: U.S. Lawsuits Take Aim at Vaping


Sep 26, 2019

StarKist Reimburses Customers After Offering Tuna as Settlement


Featured Articles

Jul 22, 2016

WeissLaw LLP Files Class Action Lawsuit Against St. Jude Medical, Inc.

WeissLaw LLP announced that it filed a class action in the United States District Court of Minnesota on behalf of shareholders of St. Jude Medical, Inc. (NYSE: STF), seeking to pursue remedies under the Securities and Exchange Act of …

Read More

Apr 28, 2017

Former Cardiovascular Systems Inc. Employee Awarded $25 Million in Whistleblower Lawsuit


Feb 22, 2017

Lawsuit Aims to Stop Transgender Teen From Wrestling With Girls


May 18, 2019

Ohio State Football Players Were Abused by Team Physician: Lawsuit


Nov 10, 2016

Donald Trump Lawsuits: President-Elect Faces 75 Lawsuits for Discrimination, Racketeering, Defamation


Categories
  • Class-Actions
  • Lawsuits
  • Legal News
  • News
  • Notices
  • Opinion
  • Securities
  • SECURITY
  • Settlements
  • SKIP
  • Uncategorized
Recent Articles
  • Lawsuit Over Bible in Veterans Hospital Can Move Forward, Judge Says
  • W.Va. Governor’s Companies Ordered to Pay $35M in Lawsuit
  • How to Claim Your $100 Settlement if Yahoo Leaked Your Data
  • Factbox: U.S. Lawsuits Take Aim at Vaping
  • StarKist Reimburses Customers After Offering Tuna as Settlement
  • RSS
  • About
  • Privacy
  • Terms
  • Contact Us
  • Login

Copyright 2016-2019 | ClassActionReview.com