NYS Comptroller Tom DiNapoli assured NYSUT members that despite the current turmoil in the financial markets, resources dedicated to support New York’s retirees remain among the best funded in the country.
“New York’s pension plans have a diversified portfolio that’s built for the long term,” DiNapoli said, adding that retirement security will not be compromised while he’s in office. “Not on my watch!”
DiNapoli thanked educators for the difference they make in students' lives and reiterated that a well-funded public education system, pre-K through post grad, is the key to transforming communities. He noted the importance of professional development and called for continued support of the state’s network of teacher centers.
In a nod to the scrutiny around finances for the state’s public schools, DiNapoli said the same level of transparency must be required of charter schools.
The challenges we face may seem daunting, but there is light beyond the darkness, DiNapoli said.
“The labor movement is key to resisting attacks on workers and retirees. Are you united and ready for that fight? I’ll always be proud to stand with you.”