This Week in Albany

Week ending April 19, 2019

Fossil Fuel Divestment

The State Senate Committee on Finance is holding a public hearing on April 30th to hear from stakeholders on the issue of divesting the NYS Common Retirement Fund from fossil fuels. CSEA will be submitting testimony in opposition to this idea.

CSEA opposes any proposal to dictate the investment decisions of the State Comptroller, who is the sole trustee of the Common Retirement Fund. Under Comptroller Tom DiNapoli’s leadership, the Fund is one of the best funded and best managed pension funds in the country. Opening the Fund’s investment decisions to the political trade winds will jeopardize the financial security of over one million current and future retirees.

CSEA’s testimony will be made available in a future edition of “This Week in Albany.”

State Agency Overtime

According to a report released by Comptroller DiNapoli this week, overtime at state agencies is at its highest level in a decade after overtime hours increased by 3.5% from 2017 to 2018. Nearly two-thirds of the overtime hours worked by state employees occurred within only three agencies – the Office for People with Developmental Disabilities, the Office of Mental Health, and the Department of Corrections and Community Supervision.

CSEA is continuing to work with the state to seek solutions to this issue, especially for direct care workers.

At a Glance

The state legislature remains on break next week. Legislators will return to Albany on April 29. There are 25 scheduled session days remaining in the 2019 legislative session.