Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Insurance & Financial Services
Health-benefit costs rose 3.4% in 2020 for firms with 50-plus employees
Total health-benefit costs rose 3.4 percent, on average, in 2020, reaching $13,674 per employee among all U.S. employer health-plan sponsors with 50 or more employees. That’s according to the annual Mercer “National Survey of Employer-Sponsored Health Plans 2020,” which the firm released Dec. 8. The 3.4 percent figure represents “the lowest annual health-cost increase in over two […]
VIEWPOINT: Managed Accounts in 401(k) Plans & the Choice they Offer Plan Advisers
In a recent PlanAdviser magazine article, it was reported that a participant in Nestlé’s 401(k) Savings Plan had filed a proposed class-action lawsuit. It alleged a breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA). Frankly, by itself, an article like this wouldn’t have caught my attention. Participant lawsuits alleging fiduciary wrongdoing are so
KeyCorp names Fiala head of corporate responsibility
KeyCorp (NYSE: KEY), parent of KeyBank, recently announced that it has appointed Eric Fiala as head of corporate responsibility. In this role, Fiala oversees the company’s community engagement; environmental, social, and governance (ESG); philanthropy, and Community Reinvestment Act teams. Fiala joined KeyCorp in 2002 and has held roles of increasing responsibility in corporate finance, analytics, and
Insurers mandated to suspend preauthorization requirements
The New York State Department of Financial Services (DFS) on Dec. 13 issued a letter directing insurers to suspend certain preauthorization and administrative requirements to help hospitals implement New York’s “surge and flex” protocol. The protocol — which mandates all hospitals to begin expanding their bed capacity to prepare for a COVID-19 surge — is part of
New Yorkers can use new paid sick-leave benefits under new state law
New Yorkers can begin using sick-leave benefits under the state’s paid sick-leave law that took effect Jan. 1. The new law secures paid sick leave for workers at medium and large businesses and paid or unpaid leave for those at small businesses, depending on the employer’s net income, the office of Gov. Andrew Cuomo announced Dec. 29.
VIEWPOINT: From Employee To Entrepreneur: Becoming Your Own Boss in 2021
Maybe you have dreamed of launching your own business for years but couldn’t summon the nerve — or the capital — to pull it off. Perhaps 2020 proved disastrous to your career aspirations when the company you worked for downsized or shut down altogether — and out the door you went. Either way, 2021 could be
VIEWPOINT: Ask Rusty: I’m 66. When Should I Claim Social Security?
Dear Rusty: I’d like to get advice on when I should begin taking my Social Security benefit. I turned 66 in October 2020. Signed: Pondering Retirement Dear Pondering: Deciding when to claim your Social Security benefit is a personal choice which should consider several factors, most importantly: • Your need for the money at this time • Your
VIEWPOINT: Who’s the New Boss? How to Avoid Succession-Planning Mistakes
Many corporations have endured a rough 2020 that included the designations of top executives at some major brands. Will their replacements be ready? It’s a fair question, especially if the new company leader is promoted from within. Studies show many senior leaders don’t think their firms to properly educate and prepare future leaders for succession. If
Broome County couple busted for using counterfeit cash to buy car
BINGHAMTON, N.Y. — New York State Police in Binghamton announced that they recently arrested a couple for purchasing a vehicle using counterfeit money. On Nov.
Kublin to retire as CEO of BPAS; Neveu and Hulse to succeed
UTICA, N.Y. — BPAS — a provider of retirement plans, benefit plans, fund administration, and collective investment trusts — will have new leadership in 2021.
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.