The Detectives’ Endowment Association, Inc. — Paul DiGiacomo, President

Resignation of Michael J. Palladino

January 23, 2020

To:                   Milton Kenny Sparks, Secretary

 

From:             Michael J. Palladino, President

 

Re                   Resignation of the Presidency

 

Date:              January 23, 2020

 

 

 

I, Michael J. Palladino, resign the Presidency of the Detectives’ Endowment Association, Inc. effective Friday, January 24, 2020 at 2400 hours.

 

First and foremost, I want to thank all of the members of the DEA for giving me the opportunity to represent you as President over the past 16 years.

 

Please know that I did everything in my power, each and every day, to protect and defend our Detectives, as well as the reputation of our profession. I took this position seriously and conducted myself professionally at all times, because Detectives deserved that; and I was always cognizant that my actions and words would be a reflection on all of us, as well as the entire NYPD.

 

I want to thank my wife, and fellow Detective, Theresa, and my five children: Michael, Francesca, Joseph, Alessandra, and Ava. Their constant love, support, and encouragement allowed me to fulfill my duties and responsibilities to the best of my abilities.

 

Upon my resignation as President, and in accordance with the DEA’s Constitution and By-Laws, I also resign the position of “Chairman” of the Health Administrative Fund (Active and Retired Health Benefits Funds) and the DEA’s Annuity Fund. I am very proud to say that as I depart, the union’s General Fund reserve, the DEA’s Health Benefit reserves, and Annuity Fund balances are at all-time “high water marks,” which is critical as you face the demanding financial challenges of the future.

 

As a result, and also in accordance with the union’s By-Laws, Vice-President Paul DiGiacomo automatically assumes the duties of the President for the remainder of my term, which was scheduled to end on June 30, 2020.

 

My thanks to all of you. It was a great experience working together representing the brave and hard-working men and women who carry the famous gold shield of an NYPD Detective. I want to wish a special thanks to the civilian staff of the Detectives’ Endowment Association for their superb and professional service to our members every single day of my tenure as President.

 

It’s also important to say “thank you” to the many providers, sponsors, and people who the DEA has done business with during my tenure. The services you have provided to our members played a major role in assisting the DEA deliver a superior product to our active and retired members.

 

Lastly, I thank the Board Officers of the DEA, both past and present, with whom I had the opportunity to lead alongside. Their endless work and dedication to our members and their families is what makes the DEA the, “Greatest Union in the World” — representing the “Greatest Detectives in the World.”

 

Good luck in the future. God bless you all and remain safe always.

 

Fraternally,

 

 

Michael J. Palladino