Skip to main content
Enter search terms below…

Member News

BST & Co. CPAs, LLP to host free seminar for GE employees impacted by pension freeze



ALBANY, New York, October 23, 2019 – BST & Co. CPAs, LLP, one of the Capital Region’s leading financial and management consulting firms, will welcome GE employees affected by the recent pension freeze to learn about their options during a free seminar on Wednesday, November 6 from 9 to 10 a.m.

In early October, GE announced that it will freeze pension benefits for about 20,000 salaried pensioners and will offer approximately 100,000 former workers a limited-time option to take their pensions in a lump sum.

During the event, retirement services and wealth management professionals will help pensioners understand the pros and cons of electing a lump sum versus annuity payments, including the potential taxation of both choices; rollover options for those that elect the lump sum; and survivor benefits.

“GE retirees and former employees are facing a challenging quandary of whether to take a large one-time payout or continue with guaranteed monthly payments. We will break down the benefits and drawbacks associated with each option and help pensioners understand and evaluate the opportunities available to them,” said BST & Co. Managing Partner Ron Guzior. “We encourage those impacted by the pension freeze to learn more about this critical step in their retirement planning process by joining us during this free event.”

The seminar will be held at BST’s headquarters at 26 Computer Drive West in Albany. Seating is limited and registration is required. To register, visit https://conta.cc/31BJcmJ.

Albany, NY – As COVID-19 cases decline and vaccinations rise, Capital Region professionals are increasingly returning to offices, and employers are hiring and optimistic about further job growth as the economy recovers. However, those expectations are clouded by a significant recruiting challenge, with 4 of 5 employers saying they can’t find…
Wynantskill, NY – On MONDAY, JUNE 21, Catholic Charities Tri-County Services' Camp Scully celebrated a major milestone: 100 years of service to children and families in the region. The celebration included a tour of the newly-renovated camp grounds, a reception and a brief speaking program.  Camp Scully’s anniversary year kicked off with a lofty…
The Mohawk Hudson Humane Society (MHHS) has a fun and easy way for animal lovers of all ages to help homeless pets through a virtual event called Paws Where You Are, taking place July 9-16, 2021. Participants can walk, run, hike, ride or choose any activity they wish in support of the animals. Take part alone or with a pet, with a friend or with a…
Jun
23
Hear directly from local college presidents as they discuss their vision for a post-pandemic future in higher education.  As major employers in the…
11:30 a.m. - 12:00 p.m. Check-in & Lunch; 12:00 p.m. - 1:00 p.m. Panel Discussion
Jun
24
From Troy to Troy is a public art project conceived in response to the protest murals created June 2020. Artists who live or work in Troy were invited to…
11 a.m.
Jun
25
The Chamber will help Curtis Lumber East Greenbush celebrate its grand opening with a ribbon cutting ceremony. About Curtis Lumber Curtis Lumber East…
11 a.m.