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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
Local investor group plans to buy Cazenovia College campus
CAZENOVIA — A local investor group is planning to buy the campus of Cazenovia College. The group calls itself 9 Fresh, and Village of Cazenovia Mayor Kurt Wheeler confirmed its plans for the campus in an email to CNYBJ. No expected purchase price was disclosed. The campus closed due to financial difficulties following the 2022-23
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
New York soybean production forecast to have jumped nearly 16 percent this year
Farms in New York state are estimated to have produced nearly 20.1 million bushels of soybeans in 2024, up 15.8 percent from more than 17.3 million bushels the prior year. That’s according to a USDA National Agricultural Statistics Service (NASS) crop-production report issued on Nov. 8. The total soybean yield per acre in New York
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
The U.S. Small Business Administration (SBA) is encouraging shoppers across New York state and the nation to think of local businesses during this weekend’s Small
Exit 31 study council plans public meeting in Utica on Dec. 3
UTICA, N.Y. — The Herkimer-Oneida Counties Transportation Council (HOCTC) will present improvement options for the Exit 31 interchange of I-90 at a public open house
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
Town of Manlius Police announce retail crime task force focused on Fayetteville Towne Center
FAYETTEVILLE, N.Y. — The Town of Manlius Police Department on Tuesday said it has formed a retail crime task force to address robberies and other
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