From New York State Comptroller Thomas DiNapoli
Have Peace of Mind that Your Pension Benefits are Secure
Like all investors, the state’s pension fund has faced challenges this year. Fortunately, we’re well-funded and the benefits of public workers are secure. We want to assure the more than one million men and women who rely on the state pension fund for retirement security that we are well-positioned to weather the ongoing volatility. To our retirees, your pensions are safe and we will continue to pay your benefits as scheduled each and every month as promised. For some time, we’ve been making adjustments in expectation of a downturn in the economy. We’re actively managing through these difficult times and are confident the markets will ultimately recover
Know Your Retirement Benefits if You Get Sick
The unfortunate reality is that some public workers may become seriously ill or die from this virus. If tragedy befalls them before their retirement becomes effective their beneficiaries could lose out. I applaud Governor Cuomo’s Executive Order that waives the standard waiting period after filing for service retirement benefits to ensure their families will get the benefits meant for them. I want to make sure that we’re fulfilling our promises to public workers.