{"id":3909,"date":"2023-10-24T11:34:51","date_gmt":"2023-10-24T15:34:51","guid":{"rendered":"https:\/\/communicator.pef.org\/?p=3909"},"modified":"2023-10-24T11:40:21","modified_gmt":"2023-10-24T15:40:21","slug":"presidents-reception-comptroller-kicks-off-convention","status":"publish","type":"post","link":"https:\/\/communicator.pef.org\/issue\/volume-41-no-8\/presidents-reception-comptroller-kicks-off-convention\/","title":{"rendered":"President\u2019s Reception: Comptroller kicks off Convention\u00a0"},"content":{"rendered":"<figure id=\"attachment_3911\" aria-describedby=\"caption-attachment-3911\" style=\"width: 495px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3911 \" src=\"https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/10\/Wayne-Diapoli.jpg\" alt=\"Wayne and Dinapoli\" width=\"495\" height=\"324\" srcset=\"https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/10\/Wayne-Diapoli.jpg 475w, https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/10\/Wayne-Diapoli-300x196.jpg 300w\" sizes=\"auto, (max-width: 495px) 100vw, 495px\" \/><figcaption id=\"caption-attachment-3911\" class=\"wp-caption-text\">PEF President Wayne Spence and New York State Comptroller Tom DiNapoli at the President&#8217;s Reception.<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\"><em>October 24, 2023 &#8212;<\/em> The President\u2019s Reception, held the first night of each annual PEF Convention, is a chance for members to mingle, get excited for convention and, this year, hear some welcome news from the New York State Comptroller.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe call this the President\u2019s reception, but I really think it ought to be called the Comptroller\u2019s reception,\u201d said PEF President Wayne Spence. \u201cI really think you\u2019ll want to hear what he has to say.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">New York State Comptroller Tom DiNapoli offered members congratulations on the three-year PS&amp;T contract and praised President Spence for his leadership during the height of the pandemic.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cPresident Spence must\u2019ve been on the phone with me two or three times a day asking for protective equipment, and what we can do for PEF members,\u201d DiNapoli said. \u201cYou know what he did in the contract negotiations this year, right?\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cI\u2019ve worked with a lot of union presidents across our great state, we\u2019re labor strong in New York. But you could not have a better person than Wayne Spence as your president.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">DiNapoli also shared important news regarding payment of the ratification bonus PEF members earned for signing the 2023-2026 PS&amp;T contract.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cI am happy to announce that members on the administrative payroll should see payment on November 8,\u201d DiNapoli said to cheers. \u201cMembers on the institutional payroll should see their payment on November 16!\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">DiNapoli made the commitment to PEF members to ensure that their pensions will continue to be the best funded in the country. Despite negative trends in the stock market, the comptroller\u2019s office continues to fund the pension at about 90 percent.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cFor a publicly funded retirement, that\u2019s a very strong funded status,\u201d DiNapoli said.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">DiNapoli added that it is important to keep the pension fund at or near 100% funded.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-3847\" src=\"https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/10\/Convention-Web.png\" alt=\"2023 PEF Convention Logo\" width=\"308\" height=\"291\" srcset=\"https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/10\/Convention-Web.png 450w, https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/10\/Convention-Web-300x284.png 300w\" sizes=\"auto, (max-width: 308px) 100vw, 308px\" \/>\u201cThat is how we guarantee your retirement security, that is how we have a safe and secure pension for each and every one of you,\u201d he said. \u201cWe will not let anybody turn us into a defined contribution state.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">DiNapoli also shared his distaste for Tier 6 of the pension plan.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe lowered the vesting, with PEF\u2019s strong advocacy, from 10 years to five years, and have had some relief from the overtime during COVID,\u201d DiNapoli said. \u201cThose were good choices. But we have to be mindful of whatever enhancement we\u2019re looking at on the Tier 6 front: What will the cost be? What will it do to the pension fund?\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">PEF is pushing in the next legislative session to \u201cFix Tier 6\u201d by standardizing employee contributions at 3% after 10 years of state service, along with other changes.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">DiNapoli conceded that while these are difficult and constantly ongoing conversations, making sure the pension plan is fully funded makes those conversations possible.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Following DiNapoli, Senators John Mannion and Rachel May, Assemblymembers Pamela Hunter, John Lesmondes and Al Stirpe, and Western New York Area Labor Federation (WNYALF) President Peter DeJesus Jr. took to the stage to address and congratulate delegates.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">They each shared messages of solidarity and accountability, stating that it is important to make sure that they are working hard for the very same public employees who work hard every day for New Yorkers.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cIt is always hard to follow the comptroller,\u201d said Senator Mannion. \u201cBut I want you to know that we will continue to fight for you, the public workers that make up this great state!\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">WNYALF President Peter DeJesus Jr., echoed Mannion.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cI cannot promise you any extra money in your paychecks like the comptroller can,\u201d DeJesus Jr. said, \u201cHowever, I want you to be proud of your accomplishments and know that your union brothers and sisters have your back!\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>October 24, 2023 &#8212; The President\u2019s Reception, held the first night of each annual PEF Convention, is a chance for members to mingle, get excited for convention and, this year,&#8230;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"division":[],"allowed_regions":[],"allowed_divisions":[],"class_list":["post-3909","post","type-post","status-publish","format-standard","hentry","category-uncategorized","issue-volume-41-no-8"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>President\u2019s Reception: Comptroller kicks off Convention\u00a0 - PEF Communicator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/communicator.pef.org\/issue\/volume-41-no-8\/presidents-reception-comptroller-kicks-off-convention\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President\u2019s Reception: Comptroller kicks off Convention\u00a0\" \/>\n<meta property=\"og:description\" content=\"October 24, 2023 &#8212; 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