Ny Salary Threshold 2024. In may, governor hochul signed budget legislation to increase the minimum wage for workers beginning january 1, 2024, and continuing through 2026. This salary threshold is consistently higher than federal law (even under the proposed federal changes) and continues to be generally calculated as 75 times the applicable minimum wage.
The proposed amounts starting 2024 are: Article 6 generally regulates the method and frequency of wage payments to employees.
Income From $ 8,500.01 :
As a result of a change in the state’s minimum wage, the minimum salary required for these exemptions under state law will increase to $938.40 per week on january 1, 2024.
The Minimum Wage Increased On January 1, 2024 To $16.00 Per Hour In New York City, Westchester, And Long Island And To $15.00 Per Hour In All Other Counties In New York State.
Article 6 generally regulates the method and frequency of wage payments to employees in the state.
In May, Governor Hochul Signed Budget Legislation To Increase The Minimum Wage For Workers Beginning January 1, 2024, And Continuing Through 2026.
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As a result of a change in the state’s minimum wage, the minimum salary required for these exemptions under state law will increase to $938.40 per week on january 1, 2024.
Then In Addition To The Minimum Wage Increase, The Nys Salary Threshold For The Executive And Administrative Exemptions Also Increased January 1, 2024 To $1,200 Per Week For Those In The Nyc, Long Island, And Westchester County Areas And $1,124.20 Per Week For Employers Located Outside Those Areas.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
In New York City And Long Island To $1,200 Per Week Or $62,400 Annually;