This Week in Albany

Week Ending September 8, 2017

Employer Pension Contribution Rates to Decline in 2018

Comptroller DiNapoli announced that employer contribution rates to the New York State and Local Retirement System will decline in the 2018-19 fiscal year thanks to a 11.48% investment return for 2017.

The average contribution rate for the Employees’ Retirement System (ERS) will decrease from 15.3% of payroll to 14.9% of payroll.

When contribution rates rose in the midst of the Great Recession, hostility towards public employee pensions rose along with them. Thanks to years of strong management from Comptroller DiNapoli, contribution rates have stabilized and New York has one of the strongest pension plans in the country.

Federal Update

After President Trump surprisingly announced an agreement with Democratic Congressional leaders Chuck Schumer (D-NY) and Nancy Pelosi (D-California), Congress is poised to pass a three-month extension of federal funding and the debt ceiling along with billions in disaster aid for hurricane relief.

The agreement sets December 8th as the next deadline for agreements on spending and a debt ceiling increase.

Con Con Fact

In an August 24th article, the Albany Times Union highlighted how past constitutional conventions proved to be major wastes of taxpayer dollars. According to the article,

“1967: The Constitutional Convention, slightly more than a month away from adjournment, met for 35 minutes in the stately Assembly Chamber of the Capitol and then about 30 delegates retired for the rest of the day to Saratoga Race Track for lunch and betting. Meeting early in the morning, the delegates were reminded to rest up for the hard weeks ahead. Of the 186 delegates, 100 were marked present by the clerk. Only 75, however, were heard answering the roll call personally. Of those, 30 made the pilgrimage to support the Sport of Kings.”

Don’t Forget to Vote!

Primary Elections will be held next Tuesday, September 12.

In New York City and the counties of Nassau, Suffolk, Westchester, Rockland, Orange, Putnam, and Erie, polls open at 6AM and close at 9PM. In all other counties, polls open at noon and close at 9PM.

If you are not sure where your polling place is, you can look it up here.

Please contact your region Political Action Coordinator for more information and information on candidates that CSEA is supporting.

Long Island Region 1
Sue Castle: (631) 462-0030

Metropolitan Region 2
Matthew D’Amico: (212) 406-2156

Southern Region 3
Chris Ludlow: (845) 831-1000

Capital Region 4
Bill Gustafson: (518) 782-4400

Central Region 5
Joshua Schick: (315) 433-0050

Western Region 6
Chris Rackl: (716) 691-6555