Nys Salary Minimum Wage 2024. Beginning in 2027, the minimum wage will increase annually. Effective march 13, 2024, the salary threshold for certain exemptions under article 6 of the new york labor law (nyll) will increase from $900 to.
The minimum wage in new york city and nassau, suffolk, and westchester counties is now $16. The minimum wage for employees in new york city, nassau, suffolk, and westchester counties increases to $16 per hour in 2024, and to $15 in other parts of the state.
Increased From $10.25 Or $11.25 (Depending On Health Benefits) To $12 Per Hour.
Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025 and 2026.
On May 3, 2023, Governor Kathy Hochul Signed The New York State 2024 Budget Agreement Into Law, Which Contained Increases To The State's Minimum Wage, Effective On January 1, 2024.
Beginning in 2027, the minimum wage will increase annually.
Nys Salary Minimum Wage 2024 Images References :
As A Result Of The New Minimum Wage, The State Has Proposed Increasing The Minimum Salary Requirement For The Executive And Administrative Exemptions To $1,200 Per Week On January.
The minimum wage for employees in new york city, nassau, suffolk, and westchester counties increases to $16 per hour in 2024, and to $15 in other parts of the state.
The Minimum Wage Also Went Into Effect On 01/01/2024.
As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation starting in 2027.