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Employee Benefits & Human Resources
Ask Rusty: When Should My Wife Claim SS Benefits?
Dear Rusty: I turned 64 in July and my wife turned 62 in August. My wife has not worked for about 15 years but does qualify for Social Security (SS) on her prior work record. My wife is having some physical issues and would like to not return to work. Since she is eligible to […]
Report: Most Central New York regions added jobs in October
The Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, and Elmira regions all gained jobs between October 2023 and this past October. Bucking the trend, the Ithaca area lost jobs in that same period. That’s according to the latest monthly jobs report that the New York State Department of Labor (NYSDOL) issued on Nov. 14. October jobs data
VIEWPOINT: IRS Clarifies 403(b) Plans’ Obligations to Part-Timers
On Oct. 3, 2024, the Internal Revenue Service (IRS) released important guidance on the obligations of 403(b) plan sponsors to their part-time employees. Under recently passed legislation that is effective Jan. 1, 2025, a long-term, part-time (LTPT) employee — one who works 500 or more hours in each of two consecutive years — must be
VIEWPOINT: Strategies for Success: Top 5 Audit & Compliance Challenges
For financial institutions The regulatory compliance environment is becoming increasingly complex for financial institutions. A multitude of challenges — ranging from representment fees and fair-lending practices to AI privacy concerns, adjustable-rate mortgage compliance, and interest-rate risk management — demand meticulous attention from internal audit and compliance teams. Here are several strategies that financial institutions can
Barclay reelected as New York Assembly minority leader
ALBANY, N.Y. — The Assembly Republican Conference this week unanimously reelected Will Barclay (R–Pulaski) as leader of the minority conference. The leadership vote was held at the Capitol in Albany in advance of the upcoming 2025 legislative session. Barclay represents the 120th Assembly District, which includes Oswego County as well as parts of Jefferson and
Upstate Medical University inks articulation agreements with North Country schools
SYRACUSE, N.Y. — Upstate Medical University says it has signed a new articulation agreement with SUNY Potsdam and renewed its agreements with SUNY Adirondack and SUNY Canton. In signing the pacts, the three North Country SUNY schools are providing a “seamless pathway” for their students to continue their education in the health professions at Upstate
Humane Society of Rome names chief development and marketing officer
ROME, N.Y. — Becky D’Aiuto has joined the Humane Society of Rome as its chief development and marketing officer, the organization announced. In her new role, she will guide all aspects of the Humane Society’s fundraising efforts and oversee all strategic-marketing initiatives. D’Aiuto brings more than 30 years of development and marketing experience to the
Broome County IDA launches tech park survey
BINGHAMTON, N.Y. — The Broome County Industrial Development Agency (BCIDA) has launched an online community survey on the proposed Broome Technology Park in the towns
Excellus BCBS, FamilyCare Medical Group reach contract agreement
DeWITT, N.Y. — Excellus BlueCross BlueShield (Excellus BCBS) and Syracuse–based FamilyCare Medical Group (FCMG) on Thursday announced a new contract agreement effective Jan. 1, 2025.
Ask Rusty: About Disability Benefits While Still Working
Dear Rusty: I retired at my full retirement age, am now 79, and will be 80 in December. I have been working consistently since. I get a meager Social Security (SS) benefit, only about $800 [per month] due to my federal retirement offset. Most jobs I have held since filing and collecting SS have involved
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