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Friday, July 30, 2010
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Employee Benefits & HR

Paychex profit rises in fourth quarter, declines in fiscal year 2010

 

Paychex, Inc. (NASDAQ: PAYX) announced Wednesday it earned $115 million in its fiscal fourth quarter, up 2 percent from the same quarter a year ago.

Diluted earnings per share of 32 cents were "flat" compared to the same quarter in 2009, the company said in a news release. The firm's fiscal fourth quarter ended May 31.


State law authorizes prior review for rate hikes

 

The New York State Insurance Department again has the authority to review and approve health-insurance premium increases before they take effect.
Gov. David Paterson signed the bill allowing the reinstatement of the power today.

Since 2000, New York had regulated health-insurance premiums under a "file and use" law that "significantly" limited the state's ability to disapprove premium increases and allowed the insurance industry to regulate itself, the governor's office said in a news release.


Colonial Voluntary Benefits grows, opens Binghamton office

Jeffrey Greenblott, owner of Colonial Voluntary Benefits, in Binghamton. He has leased 550 square feet of space at 3 Park Ave. and opened his new office on April 9.BINGHAMTON — Jeffrey Greenblott was looking for a new career when Colonial Voluntary Benefits came knocking at his door.


Survey: employers keep changes to retirement plans

Most employers that made changes to their retirement plans in response to the economic downturn expect to keep those changes in place throughout 2010.


First Choice Staffing revamps website

NEW HARTFORD — Between the economy, the nation’s increasing number of people looking for work, and technology improvements that constantly change the way people do business, companies like First Choice Staffing need to continually look at the way they interact with clients.



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