- posted: Jun. 12, 2023
- Employment Law,  Fair Labor Standards Act,  Uncategorized,  Minimum Wage / Overtime,  Employee Rights
Currently the minimum wage in New York City, Long island and Westchester is $15.00 per hour while it is $14.20 per hour for the remainder of New York State)
On May 3, 2023, Governor Hochul signed the NYS Budget, which raises the minimum wage for all New Yorker’s beginning January 1, 2024. For NYC, Long Island, and Westchester – (same for all employer sizes) the minimum wage will increase as follows:
Starting January 1, 2024, it will be $16.00/hr
Starting January 1, 2025, it will be $16.50/hr
Starting January 1, 2026, it will be $17.00/hr
Starting January 1, 2027 the minimum wage increases will be indexed to the US Department of Labor Consumer Price Index for Urban Wage Earners and Clerical Workers for the Northeast Region. The minimum wage will increase based on a three-year moving average.
The legislation will also increase the exempt salary threshold for administrative and executive employees, though the actual amount of the increase has not yet been determined. Currently, the exempt salary threshold is $1,125 weekly (or $58,500 annually) for New York City, Long Island and Westchester and for the remainder of New York State it is $1,064.25 weekly (or $55,341 annually).
If anyone is getting paid less than the amounts currently in effect, you should call the attorneys at Akin & Salaman for a free consultation to find out the amount you are entitled to receive.