Workers for most companies are eligible for retirement benefits, health plans, and other employee benefits. If a company offers these benefits to employees in the corporate headquarters, it usually must offer them to most if not all of its other employees. However, Uber has found a loophole around this expense. It calls its drivers independent contractors and tries to argue that they can be excluded from coverage under Uber employee benefit plans. This leaves Uber employees out in the cold, unable to earn enough to save for their retirement on their own, and not covered under any company plan.
Lawsuits against the company might change that situation. The California Labor Commission has found in at least one case that an Uber driver was an employee, not an independent contractor, and the courts have also approved a class action lawsuit over the issue. These cases could eliminate the loophole and force Uber to give the benefits to drivers that they deserve.
In the meantime, drivers need to start preparing for their future. Drivers can try to establish Individual Retirement Accounts (IRAs) or other investments to save for retirement. This site does not recommend any particular investment or service provider, but the video linked below is just an example of the kind of thing that people can set up to try to provide for income or savings during retirement. The best option is to investigate many options and get advice from experts before making a decision.