Ny State Minimum Wage 2024 Exempt

Ny State Minimum Wage 2024 Exempt. The minimum salary for employees exempt from minimum wage and overtime requirements in 2024 will be either $62,400/year (downstate counties) or $58,458.40/year (remainder of new york state), while the minimum salary for employees exempt from the pay frequency and wage payment requirements under article 6 will be $67,600 per year. In contrast to previous years, the new minimum wage rates apply to all new york employers, regardless of the employers' size.

Effective march 13, 2024, the salary threshold for certain exemptions under article 6 of the new york labor law (nyll) will increase from $900 to $1,300 per week. The new york state department of labor finalized the minimum salary threshold for 2024.