The Governor of New York has signed into law S4006 which is the Budget Bill implementing the state’s fiscal plan. Included in the bill is an increase to the state’s minimum wage.
The Details:
The minimum wage per hour in New York will increase on the following schedule:
New York City (current minimum wage is $15.00)
January 1, 2024 $16.00
January 1, 2025 $16.50
January 1, 2026 $17.00
New York -Nassau, Suffolk, Westchester Counties (current minimum wage is $15.00)
January 1, 2024 $16.00
January 1, 2025 $16.50
January 1, 2026 $17.00
New York -other than New York City and Nassau, Suffolk, Westchester Counties (current minimum wage is $14.20)
January 1, 2024 $15.00
January 1, 2025 $15.50
January 1, 2026 $16.00
The minimum wage will be increased based on the Consumer Price Index beginning January 1, 2027.
Tipped Food Service Workers (entire state)
These employees receiving tips must be paid at least a minimum cash wage of two-thirds of the above minimum wages, rounded to the nearest five cents or $7.50, whichever is higher. Tips received plus the minimum cash wage must bring the employee to at least the applicable minimum wage. Any deficiency must be paid to the employee by the employer.
Tipped Service Employees Other than Food Service Workers
The enacted 2023-2024 Budget Bill did not address the minimum cash wage required for tipped employees other than food service workers. We are expecting further guidance from New York in the future.
Next Steps:
Employers in New York state must pay their employees at least the minimum wage on the schedule as provided above.
For more information, please see S4006 pages 33-35.
Have Questions?
Please contact your dedicated service professional with any questions.