Minimum Exempt Salary New York 2025. Similarly, the exempt salary threshold for the remainder of the state would increase in 2024 from $1,064.25 weekly (or $55,341 annually) to $1,124 weekly (or $58,500 annually). For example, new york’s dol already passed increases to the minimum salary threshold to qualify for the administrative and executive exemptions that exceed the dol’s.
$1,161.65 per week ($60,405.80 per year) on jan. The new york state salary threshold amounts are:
Department Of Labor (“Dol”) Issued A Final Rule (The “Rule”) Increasing The Minimum Salary Threshold For Employees Exempt From The Overtime Pay.
Similarly, the exempt salary threshold for the remainder of the state would increase in 2024 from $1,064.25 weekly (or $55,341 annually) to $1,124 weekly (or $58,500 annually).
For The Executive And Administrative Exemptions, New York’s Salary Threshold Currently Is $62,400 For Ny Metro (Increasing To $64,350 On January 1, 2025), And Is Currently.
These rates are in effect from january 1, 2024 through december 31, 2024.
Under The New Statutory Amendment, That Minimum Salary Will Rise To $1,300 Per Week From The $900 Minimum, Which Has Been In Place Since 2007.
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The new york state salary threshold amounts are:
New York Set To Make Multiple Increases To The Minimum Wage.
Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50.
The New York State Department Of Labor (Dol) Published Proposed.