Salary Minimum Wage 2024 Ny State

Salary Minimum Wage 2024 Ny State. The purpose of this bulletin is to inform agencies of osc’s automatic processing of the january 2024 minimum wage increases for hourly employees and provide instructions for. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027.

As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. 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.