Nys Minimum Salary For Exempt Employees 2024. Exempt employees in new york state. On september 15, 2023, new york governor kathy hochul signed legislation ( s.b.
New york recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime. 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.
*Rates In This Table Apply To Employees Exempt From Minimum Wage And Overtime Under The New York State Administrative And Executive Exemptions.
You work on a salary basis;
The Minimum Wage For Employees In New York City, Nassau, Suffolk, And Westchester Counties Increases To $16 Per Hour In 2024, And To $15 In Other Parts Of The State.
The minimum salary for exemption as an executive or administrative employee increases to $1,200 per week ($62,400 annualized) in new york city, nassau, suffolk, and westchester counties and to $1,124.20 per week ($58,458.40 annualized).
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On September 15, 2023, New York Governor Kathy Hochul Signed Legislation ( S.b.
Coming on march 13, 2024, the salary thresholds for exemptions from pay.
The Minimum Salary Level To Be Considered Exempt From Overtime Under Nys Law For Executive And Administrative Employees Is Tied To The Minimum Wage And May Also Be Increasing For Your Industry And Area.
For the executive and administrative exemptions, new yorkโs salary threshold currently is $62,400 for ny metro (increasing to $64,350 on january 1, 2025), and is currently $58,458.50 for the rest of the state (increasing to $60,405.80 on january.