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DFS adopts insurance guidance to combat discrimination in artificial intelligence
ALBANY — It was a step meant to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence (AI). The New York State Department of Financial Services (DFS), a financial regulatory agency, a few months ago adopted guidance focused on the topic. “New York has a strong track record of supporting responsible innovation […]
EBRI issues research findings on 401(k) plan account balances, allocations
Researchers with the Employee Benefit Research Institute (EBRI) on Aug. 27 reported their findings from an analysis of 401(k) plan participants drawn from the EBRI /ICI 401 (k) database. The analysis focused on the 2.1 million consistent participants in the database over the six-year period from year-end 2016 to year-end 2022, per the EBRI Issue
Recent grads connect with area job openings through CAI
SYRACUSE — The human-resources manager at American Food & Vending in Salina, calls the Career Apprenticeship Initiative (CAI) “an awesome initiative.” “We hired a graduate last year who is now a full-time employee of ours,” Ian Ballard said in a CenterState CEO announcement. “If it wasn’t for the Initiative, this is an individual who we
State pension fund posts nearly 1.4 percent return in fiscal quarter
ALBANY — The New York State Common Retirement Fund generated a return of 1.38 percent for the state fiscal first quarter ending June 30, 2024. That’s according to New York State Comptroller Thomas DiNapoli, who also reported that the fund closed the quarter with an estimated value of $267.7 billion, the same value as three
Workforce Development Board offers training program for renewable-energy jobs
UTICA, N.Y. — The Workforce Development Board of Herkimer, Oneida, and Madison Counties, Inc., recently announced its new Building Pathways to the Infrastructure Careers grant
Ask Rusty: For Advice on When to Claim Social Security
Dear Rusty: I could use some advice on whether or not I should start collecting my Social Security benefits now. I am 67 years and three months old, and plan to continue working for at least for the next year or two. Signed: Seeking Answers Dear Seeking Answers: Deciding when to claim Social Security is,
VIEWPOINT: N.Y. Enacts Statewide “Freelance Isn’t Free” Legislation
On Nov. 22, 2023, Gov. Kathy Hochul signed into law the “Freelance Isn’t Free Act,” which was amended on March 1, 2024. The Act is codified in Article 44-A of the New York General Business Law. Article 44-A of the General Business Law creates several protections for freelance workers retained as independent contractors. The Freelance
Tompkins County Chamber announces leadership change
ITHACA, N.Y. — Tompkins County Chamber of Commerce and Convention and Visitors Bureau (CVB) President/CEO Jennifer Tavares is leaving the organization after more than a decade to take on a new role, she announced in an email. “This role has provided so many opportunities to do inspiring and exciting work alongside our members and the
Micron to open office at One Lincoln Center in downtown Syracuse
SYRACUSE, N.Y. — Micron Technology Inc. (NASDAQ: MU) says it’s planning to open an office inside One Lincoln Center at 110 W. Fayette St. in downtown Syracuse. Besides the office, the company will also add its name to the façade of One Lincoln Center, a prominent office building in the downtown area. The Boise, Idaho–based
IAED, TC3 graduate first SUNY pre-apprenticeship group in manufacturing program
Ithaca Area Economic Development (IAED) in partnership with Tompkins Cortland Community College (TC3) on Aug. 30 held a graduation ceremony for a group seeking work with an area manufacturer. The group was part of the SUNY Pre-apprenticeship Direct-to-Work: Pathways to Manufacturing program, IAED said in its announcement. Participants spent five weeks in training and are
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