Nassau Certified Public Accountants

Governor Cuomo Signs New Minimum Wage Law

The New York State Governor Andrew Cuomo reached a deal with the State legislature to increase the State minimum wage over a gradual process, which is outlined as follows:

  • For workers in Nassau, Suffolk and Westchester Counties, the minimum wage will increase to $10 at the end of 2016. It will then increase by $1 each subsequent year, ultimately reaching $15 on December 31, 2021.
  • For workers in New York City employed by large businesses (those with at least 11 employees), the minimum wage will increase to $11 at the end of 2016. It will then increase by $2 each subsequent year, ultimately reaching $15 on December 31, 2018.
  • For workers in New York City employed by small businesses (those with 10 employees or fewer), the minimum wage will increase to $10.50 at the end of 2016. It will then increase by $1.50 each subsequent year, ultimately reaching $15 on December 31, 2019.
  • For workers in greater New York, the minimum wage will increase to $9.70 at the end of 2016. It will then increase by $0.70 each subsequent year, ultimately reaching $12.50 on December 31, 2020. After that time, the statewide minimum will continue to increase on an indexed schedule to be set by the Director of the Division of Budget in consultation with the Department of Labor, before it ultimately reaches $15 per hour.
  • In all areas, the minimum wage for restaurant employees has increased to $7.50 per hour.

Click for full details regarding Governor Cuomo's new Minimum Wage and Family Leave Law.



 

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