Nys Minimum Wage 2024 Salary Exempt. 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 annual increases in 2025 and 2026. Employers are reminded that the next new york state minimum wage increase to $15.00 per hour was effective january 1, 2024, rather than december 31 as it has been in the.
The exempt salary threshold, currently set at $58,500 per year ($1,125 per week) in new york city, long island, and westchester and $55,341 per year ($1,064.25 per week) in. Last week, the nysdol published finalized regulations to increase the salary thresholds for exempt employees through 2026, which took effect january 1, 2024.
