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The NYDOL has set yearly increases to those thresholds for the next three years starting in 2024 as follows: New York City and the rest of “downstate” (Nassau, Suffolk, and Westchester counties): $1,200 per week ($62,400 per year) on January 1, 2024. $1,237.50 per week ($64,350 per year) on January 1, 2025.
Then going back a little for those that missed it, effective March 13, 2024, NYS also increased salary thresholds from $900 to $1,300 per week for employees working in a bona fide executive, administrative, or professional capacity for purposes of wage protections under Article 6 of the NYLL.
New York Minimum Wage Schedule LocationMinimum Wage as of 01/01/2024Minimum Wage as of 01/01/2025 New York City $16.00 TBD Long Island & Westchester $16.00 TBD Remainder of New York State Workers $15.00 $15.50
Exempt employees in the state are entitled to a minimum salary of $1,200 per week for employees in New York City, Suffolk, Nassau, and Westchester and $1,124.2 a week for employees in the rest of the state. Duties: Exempt employees perform specific duties as part of their job responsibilities.
The DOL's 2024 final rule increased this minimum salary threshold for EAP exempt employees from $684 per week to $844 per week (equivalent to $43,888 per year) on July 1 and mandated a second increase to $1,128 per week (equivalent to $58,656 per year) to take place January 1, 2025.
The consent of the employee must be voluntary and an employer shall not institute an arrangement of direct deposit of wages in a bank or financial institution in the face of employee objection.