ALBANY — A recent debate in the race for New York State Comptroller underscored why incumbent Thomas P. DiNapoli earned the support of the Civil Service Employees Association (CSEA). The New York State Common Retirement Fund, which was a focal point of the debate, has nearly doubled from $150 billion in 2007 to nearly $300 billion under DiNapoli’s leadership.
“With stable, trusted stewardship, Tom has protected what hardworking New Yorkers have earned,” said CSEA President Mary E. Sullivan. “On the debate stage, it was evident that Tom’s 20 years of experience and success as the state’s chief auditor are unmatched.”
DiNapoli’s diversified investment strategy helped shield the fund from the 2008 financial crisis and other periods of market volatility. The comptroller’s transparent leadership has also contributed to strong returns and a well-funded pension system.
“It’s evident that experienced management matters,” said Sullivan. “Other candidates have signaled that political agendas could outweigh sound financial strategy, risking the retirement security so many working families have come to rely on under Tom’s leadership.”
For nearly 20 years, DiNapoli has protected the retirement security of public employees, provided strong fiscal oversight and stood with CSEA and its members, becoming a trusted partner and friend of the labor movement.
“Keeping Tom as sole trustee of the fund will ensure investment decisions continue to be made with stability, transparency and long-term growth in mind,” said Sullivan. “Voting for Tom in the Democratic primary on Tuesday, June 23, is imperative.”