Nyc Exempt Salary Threshold 2024 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 per week By way of background Article 6 of the NYLL sets forth employer obligations with respect to pay practices in New York many of which afford certain wage protections to employees
Employers should adjust their minimum exempt salary to 55 341 annually 1 064 25 weekly to reflect the increase that took effect December 31st 2022 throughout the State At the moment there is no increase for NYC Long Island and Westchester which have their own minimum salary threshold If the historical salary basis threshold of 75 times the minimum wage remains the same the 2024 exempt salary threshold for such employees in New York City Long Island and Westchester would increase from 1 125 weekly or 58 500 annually to 1 200 weekly or 62 400 annually
Nyc Exempt Salary Threshold 2024
Nyc Exempt Salary Threshold 2024
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If the historical salary basis threshold of 75 times the minimum wage remains the same the 2024 exempt salary threshold for such employees in New York City Long Island and Westchester would increase from 1 125 weekly or 58 500 annually to 1 200 weekly or 62 400 annually New York To Increase Salary Threshold for White Collar Exemptions Oct 2 2023 On Sept 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
As of January 1 2024 the salary basis test for employees classified as exempt under the administrative and executive exemptions is anticipated to increase pursuant to proposed regulations issued by the New York Department of Labor NYDOL on October 4 2023 Legal Update Oct 5 2023 New York Increases Salary Threshold for Certain Labor Law Exemptions New York Governor Kathy Hochul recently signed legislation S B 5572 that effective March 13 2024 will change the salary threshold governing various exemptions under Article 6 of the New York Labor Law NYLL
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Under New York State law the current salary threshold rate is 55 341 58 500 in New York City Long Island and Westchester and is expected to increase to 58 500 62 400 in New York City Long Island and Westchester in 2024 pursuant to a formula of 75 times the State minimum wage New York Governor Kathy Hochul recently signed legislation S B 5572 that effective March 13 2024 will change the salary threshold governing various exemptions under Article 6 of the New York Labor Law NYLL Article 6 generally regulates the method and frequency of wage payments to employees in the State See NYLL 190 et seq
Seyfarth Synopsis We recently reported here that New York adopted an increased salary threshold of 1 300 per week for determining whether an employee serves in an executive 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
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Nyc Exempt Salary Threshold 2024 - New York To Increase Salary Threshold for White Collar Exemptions Oct 2 2023 On Sept 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