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Employee Benefits & Human Resources
Survey: U.S. workers’ confidence about retirement savings rose in 2011
U.S. workers are becoming more confident that they will have enough money to retire comfortably, but know they still have work to do, according to a recently released survey from Towers Watson, a global employee-benefits consulting firm. In 2011, 68 percent of survey respondents reported they were very or somewhat confident they will have enough […]
Mang Insurance acquires Fort Plain agency
FORT PLAIN — NBT Bancorp subsidiary Mang Insurance Agency, LLC has acquired Harvey-Triumpho Insurance Agency of Fort Plain. Going forward, the agency will do business
Anaren cuts jobs as profit, sales decline
DeWITT — Declining sales and profit forced job cuts at DeWitt–based Anaren, Inc. (NASDAQ: ANEN) in recent months. The company has reduced its workforce of 1,000 employees by 15 percent since July, saving about $5 million on salaries and benefits. Anaren, which has locations in the Syracuse area, New Hampshire, Colorado, and China, did not
Report: Health-care law increased insurance coverage of 19- to 25-year-olds
The 2010 federal health-care reform law has increased the portion of young adults with health-insurance coverage, according to a national report from the Employee Benefit Research Institute (EBRI). The percentage of individuals ages 19-25 with private health-insurance coverage rose from 51 percent in 2010 to 55.8 percent in the first six months of 2011, according
New York moves to set up health-insurance exchange
A health-benefit exchange for New York State is back on the table, and it could change the insurance market for small businesses. But at this point, experts say it’s unclear exactly how. Gov. Andrew Cuomo included legislation in his 2012-13 proposed state budget that would set up a health-insurance exchange in New York. The exchange
Excellus reopening enrollment for two plans in Oswego County
Excellus BlueCross BlueShield will begin taking new members for its family Health Plus and HMOBlue Option plans in Oswego County starting Feb. 1. Excellus, which is Central New York’s largest health insurer, had stopped enrolling new members in those plans in recent years. It closed the plans to new enrollees in 2005 but continued to
Comptroller: Recovery seems to be weakening in New York
New York state’s economic recovery may be slowing, according to a report released this morning by Comptroller Thomas DiNapoli. The state lost 11,200 private-sector jobs
Tompkins Financial plans Pa. acquisition
ITHACA — A Ithaca–based banking company is expanding into Pennsylvania with an acquisition. Tompkins Financial Corp. (NYSE Amex: TMP) announced plans today to acquire VIST
Unemployment rates inched up a bit across the region in December, according to figures released today by the state Labor Department. In Binghamton, the rate
Employers start implementing state’s wage-notification law
Under the new state Wage Theft protection Act (WTPA), employers across New York have from Jan. 1 to Feb. 1 to deliver wage notices to all their employees. “It’s not a new requirement,” says Lesley Frey, director of human resources at Binghamton–based Columbian Financial Group, which has a Syracuse–area office. Rather, it’s an expansion (voted into
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