Ask Rusty: Shocked Because Medicare Increase Results in Loss of SS Benefits

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Dear Rusty: My wife and I have taken a Social Security “cut” — no 3.2 percent raise for us, due to something called “IRMAA,” based on our income. We actually took, together, a $400 a month cut. As far as I can tell from what the Social Security Administration (SSA) told me, we are means […]

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Dear Rusty: My wife and I have taken a Social Security “cut” — no 3.2 percent raise for us, due to something called “IRMAA,” based on our income. We actually took, together, a $400 a month cut. As far as I can tell from what the Social Security Administration (SSA) told me, we are means tested and were too successful, so our Medicare premiums were much higher, which resulted in our reduced Social Security payments for 2024. Have you sorted this out? And, if so, can I appeal this disgusting situation?

Signed: Baffled Senior

Dear Baffled Senior: We’re very familiar with the “Income Related Monthly Adjustment Amount” — not so affectionately called “IRMAA.” IRMAA catches many Social Security beneficiaries by surprise, not only higher earners such as you, but also those who make large withdrawals from a tax-deferred account, who sell property, or who have any other kind of sudden large bump in their taxable income. Essentially, if your income is over certain thresholds for your IRS filing status, you pay a higher IRMAA premium for your Medicare Part B (coverage for outpatient services) and your Part D (prescription-drug coverage). And since your Medicare premium is automatically deducted from your Social Security payment, your net monthly Social Security payment goes down.

Any cost-of-living adjustment (COLA) added to your Social Security benefit is often consumed by an IRMAA increase to your Medicare premiums. And, to further complicate matters, your Medicare premium for the current year is determined by your income from two years prior, which means your 2024 Medicare premiums were determined by your 2022 income.

The IRMAA thresholds are different depending on your income-tax filing status, but assuming you file your taxes as “married/jointly,” your combined 2022 income had to be more than $206,000 to cause IRMAA to apply in 2024. With income between $206,000 and $258,000, each of your Part B premiums would be $244.60 (instead of the standard $174.70), and your Part D premium (if you have Part D) would incur another $12.90 on top of your regular Part D premium amount. IRMAA premiums further increase on a sliding scale, and those with income of $750,000 or more would pay a maximum Medicare Part B premium of $584/month and would incur another $81 per month added to their normal Part D premium. Thus, as you have noted, Medicare premiums are, indeed, “means-tested.”

Can you appeal “this disgusting situation?” Well, you can always appeal any SSA determination, but appealing IRMAA will only be successful if you can prove that the income the agency used to determine your 2024 Medicare premium was incorrect, or if you can convince it to use a more-recent year with a lower income to calculate your Medicare premium. If you believe you can be successful, you should call the SSA (800-772-1213) to formally appeal the IRMAA premium, or you can submit form SSA-44 to appeal based on a “life-changing event.”

I know that understanding how IRMAA works won’t soften your dismay, but I can only explain the rules and how they work. Your 3.2 percent COLA increase for 2024 was used to offset some of the IRMAA Medicare premium increase caused by your higher income, and it is IRMAA which caused your net Social Security payment to go down. FYI, your Medicare premiums are recalculated each year, so if your income goes down to below the IRMAA threshold for your tax-filing status, then your Medicare premium will revert to the standard amount for each year.

I hope this clarifies why your Social Security payments went down and why you didn’t see your COLA increase, but the AMAC Foundation is always available to answer any questions you may have about Social Security.

Russell Gloor is a national Social Security advisor at the AMAC Foundation, the nonprofit arm of the Association of Mature American Citizens (AMAC). The 2.4-million-member AMAC says it is a senior advocacy organization. Send your questions to: ssadvisor@amacfoundation.org.

Author’s note: This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC Foundation’s staff, trained, and accredited by the National Social Security Association (NSSA). The NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity.

CNY Community Engagement Committee details Micron investment fund priorities

Manufacturing & Engineering, Subscriber Only

SYRACUSE — It’s a group that’s been working for more several months to identify community priorities and “create a framework for directing investments” for a multi-million-dollar fund that’s connected to Micron’s deal with New York State government. The Central New York Community Engagement Committee (CEC) on June 27 released a document with ideas for using

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The Central New York Community Engagement Committee (CEC) on June 27 released a document with ideas for using the $500 million Green CHIPS Community Investment Fund.

The fund is a requirement of the 2022 agreement between New York State and Micron Technology, Inc. (NASDAQ: MU). As a requirement of Micron’s participation in the state’s Green CHIPS incentive program, the company established a $500 million Green CHIPS Community Investment Fund in partnership with Empire State Development.

The group’s community-priorities document (CPD) represents a “community-driven and collaborative approach to guiding” the $500 million Green CHIPS Community Investment Fund, per a June 27 announcement from CenterState CEO.

The document represents more than 13 months of community-driven engagement across more than 300 community organizations. It includes input from more than 12,700 Central New Yorkers and is intended to serve as a “guiding strategy to amplify the benefits” of Micron and New York State’s investments in Central New York.

The CEC co-chairs, Melanie Littlejohn, president & CEO of the Central New York Community Foundation, and Tim Penix, VP of the Syracuse Educational Opportunity Center, released the following statement about the document.

“The Community Engagement Committee set out with a clear mission to ensure our region’s future benefits everyone, especially those historically left behind. Through extensive outreach and thousands of community members’ input, we’ve crafted the Community Priorities Document. This is a roadmap for equitable growth in the wake of Micron’s transformative investment. This document represents more than just a plan, it’s a testament to our community’s collective voice and a model for inclusive development. As we move forward, we’re committed to turning these priorities into tangible progress, creating opportunities that reach every corner of Central New York. Our work proves that when a community comes together, we can shape our destiny in ways that lift us all,” Littlejohn and Penix said in the CenterState CEO announcement.

Micron’s planned investment of up to $100 billion in New York, the largest private investment in state history, is expected to create more than 50,000 new jobs as a four-fab, chip-manufacturing complex is built over the next 20-plus years in the town of Clay.

It’s believed the project “has the potential to fundamentally change the economic trajectory of Central New York,” and the CPD will “help secure ground-up community participation in the coming changes,” per the announcement.

Gov. Kathy Hochul appointed the CEC to “identify community priorities and create a framework for directing investments” in areas such as education, community assets, housing, workforce development with an emphasis on underrepresented communities (women, people of color, rural communities, and veterans), childcare, transportation, and infrastructure.

Document highlights

The document identifies six priority areas, and they include education; workforce development; minority-, women-, veteran-owned business (MWVBE) and small business supports; housing; healthcare and family supports; and sustainable infrastructure.

It also identifies immediate priorities that require resources in the short term. They include K-12 education, workforce development, MWVBE and small business support, housing and childcare.

The CPD also provides “strategic vision for sustainable and inclusive growth” stemming from Micron’s investment in the region over the next twenty-plus years. The CEC intends to continue engaging local stakeholders to “revisit and update the document as needed” to ensure that it continues to “reflect the changing dynamics and needs of the community.”

In addition, the priorities, principles, and core considerations detailed in the document will be used to help guide the $500 million Green CHIPS Community Investment Fund towards the communities’ most pressing needs and aspirations.

“On behalf of Micron, I want to thank the Community Engagement Committee, Empire State Development, CenterState CEO, and every Central New Yorker who shared their voices to help produce the CPD,” April Arnzen, executive VP and chief people officer at Micron and president of the Micron Foundation, said in the announcement. “Our journey together in Central New York is just beginning. With the guidance of the CPD, we will build on Micron’s early investments already underway in the region and focus on impactful collaborations to support the community moving forward.”

Upstate’s Air Upstate drone team conduct first BVLOS flight

Technology, Health Care, Manufacturing & Engineering

SYRACUSE — In May, Upstate Medical University says it completed a key test flight for its drone program that advances the health system’s goal of

New Launch NY investments include startups in Ithaca, Rochester, Buffalo

Small Business, Manufacturing & Engineering, Subscriber Only

BUFFALO — A fledgling Ithaca business is among the Upstate companies in which Launch NY has invested. Caretech Human in Ithaca is one of three companies that will use $175,000 from Launch NY. It also invested in TelosAir in Rochester and Edenesque in Buffalo. Caretech has developed a small device that users can install above

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BUFFALO — A fledgling Ithaca business is among the Upstate companies in which Launch NY has invested.

Caretech Human in Ithaca is one of three companies that will use $175,000 from Launch NY. It also invested in TelosAir in Rochester and Edenesque in Buffalo.

Caretech has developed a small device that users can install above the waterline in their toilet bowl, providing continuous health monitoring for urology diseases.

In all three cases, Launch NY contributions included $75,000 coming from its nonprofit seed fund and $100,000 from the Launch NY Seed Fund II, a new for-profit limited partner fund that started making investments in 2023.

The Buffalo–based Launch NY sees the investments as “continuing the pace that has made it the most active seed fund in the state by investing from both its nonprofit and for-profit InvestLocal financing programs,” per its announcement.

The nonprofit Launch New York, Inc. is a venture-development organization that operates in the 27 westernmost counties of upstate New York. Since its inception in 2012, Launch NY has served more than 1,600 companies which have gone on to raise more than $1.4 billion, generate more than $250 million in annual revenue and supporting more than 5,100 jobs, per its May 29 announcement.

“We are pleased to bring exciting new companies into the Launch NY portfolio, especially as they prepare to enter commercial manufacturing and begin to truly scale their innovative products,” Marnie LaVigne, president and CEO of Launch NY, said. “These investments represent our region’s belief and experience showing that putting seed stage capital into these Upstate New York startup companies can create market-leading products competitive not only on a local, but national scale — and beyond.”

About Caretech Human

Based at Cornell University’s Center for Life Science Ventures business incubator, Caretech Human’s non-invasive, “passive” monitoring system has “enormous potential” to create screening and early-detection for diseases that affect more people than diabetes, per the Launch NY announcement. Launch NY’s $175,000 investment into the company will allow it to enter commercial production in preparation to enter the market.

Caretech Human is led by CEO Dan Matsui, who said his company is bringing a “new standard of care in the urology field.”

“In some health domains, patients have tools for self-monitoring at home such as blood pressure devices, cardio holders, or glucometers. However, in urology, there is no convenient way to assess the severity of symptoms and disease progression at home,” Matsui said in the Launch NY announcement. “Launch NY funding helped the company stay focused on its goals during this exciting time, and we’re excited to begin manufacturing and selling our device.”

Revere Copper expands with North Carolina plant

Manufacturing & Engineering, Mohawk Valley, Subscriber Only

ROME — The electrification of America is benefiting Revere Copper Products of Rome. Demand for copper and increased business led to the company opening a new manufacturing plant in North Carolina to meet the growing demand. After more than a year of getting ready, Revere cut the ribbon April 10 on its plant in Mebane,

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After more than a year of getting ready, Revere cut the ribbon April 10 on its plant in Mebane, N.C. Located at 2125 Sen. Ralph Scott Parkway, the approximately 100,000-square-foot facility employs about 35 people who produce copper bus bars. The building was once home to Prescient, a steel truss and framing manufacturer. Revere leases the building.

“Demand for copper is growing,” Amy O’Shaughnessy, VP of sales and marketing, says. “How ever it can be made, there’s pretty much a need for it.”

The electrification of society – electric vehicles, upgrades to the grid, the growing number of data centers — plays a huge role in the increased demand for copper, she says.

“We basically filled up our capacity in Rome,” O’Shaughnessy says. The 900,000-square-foot Rome plant employs about 350 people who melt copper and roll it into a finished product.

The company completed a capacity upgrade in Rome that began in 2023 and ended in early 2024 that included swapping out a melting furnace — used to make copper cakes.

“We put in a new furnace that has new technology and a greater capacity to melt copper,” O’Shaughnessy says.

Revere needed to expand further, she says, and chose North Carolina because the company expanded using a different technique — the bus bar.

In New York, Revere buys both scrapped and mined copper to use in its process, but the resource is already constrained.

The bus-bar process begins with a copper rod, and Revere works with a new supplier that makes that rod. That supplier is located near the new North Carolina plant, which is also close to customers for the bus bar, which is often used to make the switch gear for electrical applications.

Revere opened the new plant in February 2023 and has spent the past year getting fully up to speed.

“We’re learning the equipment and how to most efficiently run it,” O’Shaughnessy says.

Now that Revere has the hang of things, there will be a second wave of investment coming to the Mebane plant, she says.

The company will be adding new machinery that will double the plant’s capacity. That also means it needs to double employment, O’Shaughnessy says.

“What a great workforce down there,” she says, adding praise for the company’s Rome employees as well. “The people that make our products, they are the pulse of the company.”

Headquartered in Rome, Revere is an employee-owned business. The markets it serves include electric vehicles, power distribution, architectural, electrical, telecommunications, air conditioning, industrial machinery, and equipment.

Saab awarded nearly $9 million Navy order for radar spare parts

Manufacturing & Engineering, Subscriber Only, Technology

DeWITT — Saab Inc., which has local facilities in the town of DeWitt, has recently been awarded a more than $8.9 million delivery order from the U.S. Navy, under a previously awarded basic ordering agreement for multi-mode radar spares. Work will be performed in Gothenburg, Sweden (66 percent) and DeWitt (34 percent), and is expected

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Real Life Rosies program helps women enter manufacturing workforce

Manufacturing & Engineering, Mohawk Valley, Subscriber Only

UTICA — Rosie the Riveter might be an American icon, but Mohawk Valley Community College (MVCC), the Manufacturers Association of Central New York (MACNY), and Working Solutions are turning out “Real Life Rosies” as they work together to encourage more women to pursue careers in advanced manufacturing. MVCC, in partnership with MACNY, offers a pre-apprenticeship

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MVCC, in partnership with MACNY, offers a pre-apprenticeship program for women at its Utica campus as part of the state’s Diversifying Advanced Manufacturing with Women in the Workforce program.

“The biggest talent pool that is underrated in advanced manufacturing is women,” Colleen Blagg, MACNY’s manager of corporate services and workforce development, tells CNYBJ in an interview.

Whether it’s from not thinking manufacturing is a career for them or not knowing where to start, women have tended to shy away from those careers, and the Real Life Rosies program is working to change that and overcome those invisible hurdles.

MACNY received a grant from Empire State Development’s Office of Strategic Workforce Development to start the program, which is open to women ages 18 and older to enter the field, which is experiencing a shortage of workers.

The program focuses on the basic requirements to obtain an entry-level position. It’s a pre-apprentice program that forges a pathway to registered apprenticeship. A total of 14 trades are offered through the program.

Along with job basics like safety, tool usage, robotics, and computer numerical control (CNC), the program also covers skills beneficial to women entering or returning to the workforce.

Real Life Rosies Bartell — The Real Life Rosies program — a partnership between the Manufacturers Association of Central New York (MACNY), Mohawk Valley Community College (MVCC), and Working Solutions — is working to combat the shortage of workers in advanced manufacturing by preparing women to enter the field. The program includes basic job training and includes visits to area companies where participants can see the jobs in action.
PHOTO CREDIT: MACNY

“You do learn soft skills in the program,” Blagg notes. Networking practice, especially for someone in a nontraditional role, helps build confidence.

The program recently celebrated the graduation of the third and fourth cohorts of Real Life Rosies and is already up to cohort six as of mid-June, according to Yawa Zewou, a workforce-development specialist for the Rosies program. Each cohort has an average of 12 to 15 participants.

Initial reaction to the program was a bit guarded, Zewou says, until people began to learn more about it and overcome stereotypes about manufacturing jobs.

As part of the program, participants receive Occupational Safety and Health Administration OSHA 10 training and can also take the Certified Manufacturing Associate (CMfgA) exam.

It’s not all classroom learning either, Blagg notes. The program tries to bring each cohort to visit three different advanced-manufacturing employers in the area where they can see the job firsthand and interact with female workers at those sites.

“We do offer them interviews with up to six different employers,” upon completion of the program, Blagg says. “We have had pretty good success with them getting employed.”

There is no cost for the program, which also provides a stipend and wraparound support including childcare, transportation, and work clothing. Participants must be eligible to work in the United States and some general math acuity along with basic English is a must. They must also be willing to work and accept a full-time position upon completing the program.

The program also maintains a LinkedIn group for current and past participants where they can network and interact with each other.

More information about the program is available online at www.macny.org/women-in-the-workforce.

Community Foundation and UpMobility partner for Mohawk Valley Gives

Nonprofits, Mohawk Valley, Subscriber Only

UTICA, N.Y. — The Community Foundation of Herkimer and Oneida Counties and UpMobility Foundation (UMF) are jointly hosting this year’s Mohawk Valley Gives, the third annual 24-hour online day of community giving, the organizations announced. Last year, more than 6,800 people donated nearly $2.5 million to the 255 participating nonprofits. So far, more than 300

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Last year, more than 6,800 people donated nearly $2.5 million to the 255 participating nonprofits. So far, more than 300 nonprofits in Herkimer, Oneida, and Otsego counties have registered for this year’s event, which takes place Sept. 20 at givemv.org.

“The collaborative partnership between the Community Foundation and UpMobility Foundation exemplifies the power of synergy in driving positive impact,” Community Foundation President/CEO Alicia Dicks said in a news release. “By combining our expertise, resources, and networks, we are not only amplifying the reach of this event, but also fostering a richer experience for participating organizations and generating greater value for the community. This collaboration will allow us to appropriately evaluate and determine the future of Mohawk Valley Gives in a meaningful way.”

In 2023, UMF joined Mohawk Valley Gives as a match and challenge partner, offering match and challenge incentives to 35 local organizations, which resulted in raising $1.1 million.

“At the UpMobility Foundation, we leverage an entrepreneurial mindset to amplify philanthropic investments by fostering connections and collaborations with our community partners,” UMF Founder Martin Babinec said in the release. “We’re thrilled to partner with the Community Foundation to scale up Mohawk Valley Gives, as both organizations embrace innovative approaches and strategic thinking to maximize the impact of community engagement. MV Gives helps us and other donors not only in providing financial support without our targeted investing themes, but also engaging in active partnerships that work closely with local organizations to create sustainable, long-term solutions.”

UpMobility Foundation, located in Little Falls, forges partnerships and collaborative efforts with nonprofit organizations, offering support beyond grant funding. Impact areas include community building, advancing education and humanitarian aid, and international development.

Founded in 1952, the Community Foundation of Herkimer and Oneida Counties has invested $134 million into social-impact initiatives, collaborative leadership, and grantmaking.

Schumer says regional effort led to tech-hub designation

Manufacturing & Engineering, Construction, Design & Real Estate, Subscriber Only, Technology

DeWITT — As he announced the $40 million federal grant for the NY SMART I-Corridor tech hub on July 2, U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) thanked all three cities involved — Buffalo, Rochester, and Syracuse. “For the first time in decades, we’re seeing a shift, not just in the manufacturing landscape but [in]

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“For the first time in decades, we’re seeing a shift, not just in the manufacturing landscape but [in] how the region works together,” Schumer said.

The senator went on to say, “Originally, each city wanted to apply for a tech hub … Buffalo, Rochester, Syracuse. That would’ve hurt our application. First, are they going to pick one or the other, and second, the combined strength of the region. The sum is greater than its parts, and each region is going to do all of the activities of the tech hub.”

NY SMART I-Corridor is short for the New York Semiconductor Manufacturing and Research Technology Innovation Corridor.

The millions in federal funding are meant to “further position Upstate [New York] as a semiconductor center for the world,” Schumer’s office said in the announcement.

“We are making I-90 America’s semiconductor superhighway, and in a few years, a quarter of all the chips manufactured in the United States will be along this corridor,” Schumer said in his remarks. The lawmaker announced the funding during a morning visit to Inficon Inc. at 2 Technology Place, off Fly Road in the town of DeWitt.

“This is a monumental day for upstate New York,” Schumer said to open his address. “One that I have long envisioned and spent years fighting for.”

The NY SMART I-Corridor Tech Hub is the “first in the nation” to receive a major tech-hub award from Schumer’s CHIPS & Science Law, the Democrat noted.

Schumer had announced the tech-hub designation for the Buffalo-Rochester-Syracuse during a visit last October to Saab Inc’s Syracuse operations in DeWitt. The tech-hub designation was created as part of the federal CHIPS & Science Law.

When the competition started, 400 regions applied for the funding and 31 were designated tech hubs. Only 12 are getting advanced financing for the tech-hub program, Schumer said.

“It’s going to train the next generation of our workforce. It’s going to fill in gaps to make sure that Micron’s
$100 billion investment not only attracts new supply-chain companies but also helps existing companies grow and enter into the semiconductor field,” Schumer told those gathered at Inficon, including local officials and Inficon employees watching on the stairs and from the upper floors.

He went on to say that the funding will help power new startups as we commercialize the research and activities done by some of the regions companies and chip fabrication plants, including Inficon.

The senator called the award prestigious, noting that when international firms look to have a location in the U.S., they’ll look at the regions with a tech-hub designation, including upstate New York.

“I met with a whole group of Japanese semiconductor suppliers and a whole bunch of Taiwanese semiconductor suppliers, 20 or 30 of each, and pushed our I-90 semiconductor superhighway, so it really helps,” Schumer said.

He also boasted that, “It sure didn’t hurt to have the [U.S.] Senate Majority Leader calling the White House and the Commerce Secretary [Gina Raimondo] to tell them upstate New York is the perfect choice for the future of [American] chips.”

Reaction

The event speakers also included Onondaga County Executive Ryan McMahon who told the gathering that the $40 million award is “going to make us more competitive.”

“It’s going to make our workforce stronger and more inclusive. It’s going to create opportunities for a startup ecosystem but also for companies that are here, and then that makes us more competitive as we’re courting companies across the world,” McMahon said.

In his remarks, Robert Simpson, president and CEO of CenterState CEO, praised the work of Schumer for his legislative efforts, including the legislation that became the CHIPS & Science Act that includes the tech-hub program.

“Senator Schumer is responsible for helping to deliver this tech hub to the entire upstate New York corridor,” Simpson told the assembled audience. “When we work together, we win,” whether it’s in Central New York or all across upstate New York.

He acknowledged the efforts of Dottie Gallagher, president and CEO of the Buffalo Niagara Partnership, Joseph Stefko, president of ROC2025 and NY SMART I-Corridor Tech Hub regional innovation officer, and Ben Sio, senior VP for strategy, policy, and planning at CenterState CEO.

“It is these kinds of collaborations that allow us to be better than what we have been in the past; to transcend that historical perspective of upstate New York; and to craft this region with a new vision as … New York’s semiconductor superhighway,” Simpson said.

Standing around Schumer and also speaking at the event included Hannah Henley, president of Inficon, Inc.; J. Michael Haynie, vice chancellor for strategic initiatives and innovation at Syracuse University; Greg Lancette, president of the Central-Northern New York Building & Construction Trades Council; and Syracuse Mayor Ben Walsh.

U.S. Representative Brandon Williams (R–Sennett) also issued a statement about the federal funding that same day.

“Central New York, the Silicon Empire, is the beating heart of semiconductor production right here in the United States,” Williams said. “I’ve been working with colleagues in Congress, across the aisle and across Upstate New York, to advance this priority. It’s a win for our communities, and I’m immensely proud to be a part of this milestone.”

In a separate statement, U.S. Representative Claudia Tenney (R–Cleveland) said the region’s selection for phase II funding “further underscores the strength and promise” of the region.

“With this additional investment into the Buffalo-Rochester-Syracuse corridor and its designation as a Regional Technology and Innovation Hub, our region will be at the forefront of innovative advancements benefiting our nation, and the world,” Tenney said. “This funding will onshore critical parts of our nation’s supply chain, bringing jobs to our communities and promoting technological advancement. I am eager to see the positive impact this funding will have on our community.”

Lockheed Martin’s suburban Syracuse plant wins $81M contract modification for radar system

Manufacturing & Engineering, Subscriber Only, Technology

SALINA — Lockheed Martin Rotary and Mission Systems in Salina has been awarded a nearly $81.3 million modification to exercise an option to a previously awarded U.S. Air Force contract for the Three-Dimensional Expeditionary Long-Range Radar (3DELRR) system. This contract adjustment provides for the exercise of options for four 3DELRR radars, and associated production management,

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