Many public workers are on the front lines battling the coronavirus every day. As they take care of New Yorkers, we need to make sure that we watch their backs. We thank them for their dedication to their job and keeping us moving forward through these difficult times.
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 are fulfilling our promises to public workers.
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 are 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 have 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.
Keep Yourself Safe and Sign Up for Direct Deposit
Retirees are strongly urged to sign up for direct deposit instead of receiving a monthly pension check by mail. Get immediate access to your money without having to risk exposure at the bank.
There are still 30,000 state employees that get paper checks. Please sign up for direct deposit today. Start by contacting your agency payroll office and sending in this form.
Thank You to My Staff
Thank you to each and every staffer for continuing to show what the Office of the State Comptroller is made of – hard-working, dedicated public servants.
Every day we are helping in big and small ways to keep government working for the people.
Whether is it helping a public worker with a retirement consultation or making sure that we continue to make 20,000 payments to businesses, individuals and local governments a day, you are each doing your vital part.
Keep up the good work!
New York State Comptroller