Minimum Wage Increase Reminder
Reminder: On 12/31/2017 the State’s minimum wage will increase and will be at $10.40 for Upstate New York. If you have employees in other parts of the state (NYC, Long Island & Westchester) your employees will have a different rate starting on 12/13/2017.
Annual increases will continue until 12/31/2020 for upstate NY, when it reaches $12.50 per hour. After that, it will be studied by the state to find the impact it is having on business. For the remainder of the state, it will continue after 12/31/20 until the rate reaches $15. Starting in 2021, the annual increases will be based on percentage increases determined by the Director of the Division of the Budget, based on economic indices, including the Consumer Price Index.
In addition, this DOL regulation will also increase New York’s minimum salary levels for positions to be considered exempt from overtime for Executive and Administrative employees. Under state labor law, the state’s exempt employee threshold is adjusted in proportion to increases in the minimum wage. For our region of the state, the rate will be set at $780.00 per week on and after December 31, 2017
There are other corresponding and proportional increases related to tipped wages, meal and lodging allowances, and more. You can find the final rule here.