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Employee Benefits & Human Resources

AG James urges Congress to prohibit crypto investments in 401(k) plans

New York Attorney General Letitia James on Nov. 22 urged congressional leaders to adopt legislation that would prohibit investing retirement funds in digital assets, such as cryptocurrencies, digital coins, and digital tokens.  Individual retirement accounts (IRAs) and defined-contribution retirement plans, like 401(k) plans and 457 plans for government employees, are key retirement investments for millions

DiNapoli audit details problems with state UI system

ALBANY, N.Y. — The New York State Department of Labor’s (DOL) “failure to replace its long-troubled” unemployment-insurance (UI) system and ad-hoc workarounds to compensate for the old system “weakened” oversight and “ultimately contributed to an estimated billions of dollars in improper payments” during the COVID-19 pandemic.  That’s according to an audit that New York State Comptroller

Launch NY rolls out resource navigator for startup firms

“Thanks to the support we received from NYSEG and RG&E, our team has been able to build this new web-based Resource Navigator that provides the most comprehensive directory of resources — most of them available at no- or low-cost — for startup founders and entrepreneurs in our ecosystem,” Marnie LaVigne, president and CEO of Launch

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Employers offering creative perks to attract and retain employees

In the tough tussle for talent, employers are getting more creative in finding benefits and perks to attract and retain employees. The Oneida Indian Nation in Verona recently announced a new scholarship program to help employees in the finance department obtain advanced degrees. And earlier this year, the organization opened affordable housing available to employees of

New York Health Plan Association names VP of government affairs

ALBANY, N.Y. — The New York Health Plan Association (HPA) announced that it has recently promoted Ashley Stuart to VP of government affairs.  Stuart joined HPA in 2019 as director of government affairs and since then has acted as “a vital liaison” with state lawmakers and their staffs, members of the governor’s administration, and other

Metal Solutions boosts productivity with National Grid grant

UTICA, N.Y. — Metal Solutions Inc., a Utica manufacturer, recently installed a new state-of-the-art powder-coating system at its Broad Street plant that will increase productivity. Metal Solutions received a $100,000 economic-development grant from National Grid’s Electric Capital Investment Incentive program, according to a news release from the electricity and gas utility company. Metal Solutions had

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