Dol Proposed Salary Threshold 2024 Ny. The new overtime salary threshold of 2024. The second increase will happen january 1st.
Article 6 generally regulates the method and frequency of wage payments to employees. New york governor kathy hochul recently signed legislation ( s.b.
Department Of Labor Published A Proposed Rule In August 2023 That Would Significantly Raise The Minimum Weekly Salary To $1,059 Per Week,.
$1,128 per week ($58,656 annually) $151,164 annually.
Department Of Labor (Dol) Published A Proposed Rule In August 2023 That Would Significantly Raise The Minimum Weekly Salary To $1,059 Per Week, Which Is Equivalent To $55,068 Per Year.
Ny dol approves regulations to increase salary threshold for.
The Proposed Rule Has Not Been Finalized.
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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.
The minimum salary for application of the highly compensated employee (hce) exemption would jump by 34%, from $107,432 per year to $143,988 per year.
Separate Salary Threshold Increase For Pay Frequency
On august 30, 2023, the dol released a proposed rule that, if finalized, would increase the minimum salary required to $1,059 per week in order for administrative, professional and executive employees to be considered exempt from the flsa overtime pay requirements.
