Tuesday, October 5, 2010

WHAT ALL WORKING FAMILIES SHOULD KNOW ABOUT TOM DINAPOLI


What every New Yorker should know about NYS Comptroller Tom DiNapoli:

GOOD: Tom DiNapoli has kept pension costs as low as possible for employers as the pension fund is still recovering from the financial meltdown caused by greedy Wall Street investors.

For years employers paid very little into the pension fund. Now that the economy is in ruins, employers have to contribute to the fund to keep it fully funded.

GOOD: Tom DiNapoli supported a plan that allows public employers to build pension contribution reserves to offset future pension costs.

BAD: His opponent opposes this plan and would rather cut pension benefits than allow public employers to better plan future costs.

GOOD: Tom DiNapoli opposes raiding or borrowing from the state retirement fund.

BAD: His opponent would allow Wall Street investors to take pension money and place it in risky investments, like sub-prime mortgages.

GOOD: Tom DiNapoli supports our pension system - which has a guaranteed monthly payout upon retirement.

BAD: His opponent supports a 401(k) style pension - with no guaranteed monthly payout.

GOOD: Tom DiNapoli knows and understands the work we do, at every level, and values our service.

BAD: His opponent is a Wall Streeter who has no idea of what it's like on Main Street and does not know what kind of jobs we do. In fact, before he retired as a millionare at age 37, his hedge fund owned one of the largest sub-prime mortgage companies in the country, which preyed upon millions of middle-income Americans.

GOOD: Tom DiNapoli is opposed to a Constitutional Convention because it would put our pension protections in jeopardy.

BAD: His opponent supports a Constitutional Convention so he can get rid of our pension protections.

GOOD: Tom DiNapoli has safeguarded our pension benefits - making our pension fund the nationwide leader as cited by Governing Magazine.

BAD: His opponent is an expert at slashing employee pensions and health benefits to increase profits for Wall Street investors.

This brings us to one conclusion. As Comptroller, Tom DiNapoli is good for working people of New York State and his opponent, who shall remain nameless, is bad for working families of New York State. Vote for Tom DiNapoli on November 2.

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