Nyc Salary Threshold 2024. In 2025, the new york exempt salary threshold will increase to $60,405.80 annually ($1,161.65 weekly) in areas outside of new york city, westchester county, and long island. Following proposed rulemaking in august 2023, the u.s.
Salary level increase for exempt status under the new york labor law. December 28, 2023 | less than a minute read.
Salary Threshold Increases January 1, 2024.
The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of july 1, 2024, and then to $1,128 per week ($58,656 per year) as of january 1, 2025.
It Will Then Increase To $58,656 On Jan.
15, 2023, new york amended its labor code to increase the salary threshold executive, administrative, and professional (eap) employees must meet to qualify for the state’s wage payment exemptions.
Effective March 13, 2024, The Salary Threshold For Certain Exemptions Under Article 6 Of The New York Labor Law Will Increase From $900 To $1,300 Per Week, Pursuant To Senate Bill S5572, Which Governor Hochul Signed Into Law On September 15, 2023.
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Salary Threshold For Exempt Employees (2022) Along With The Increase To The Minimum Wage, The Amounts That Employers Can Deduct From Employees' Wages For Items Such As Uniform Allowances And Meals Are Also Set To Change On December 31.
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.
If Those Numbers Hold True, The Salary Threshold For Nyc, Westchester, And Long Island Would Increase From $1,125 Weekly (Or $58,500 Annually) To $1,200 Weekly (Or $62,400 Annually) In 2024, And For The Remainder Of New York State, The Threshold Will Increase From $1,064.25 Weekly (Or $55,341 Annually) To $1,124 Weekly (Or $58,500.
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 $1,300.
Effective March 13, 2024, S.b.
