Nys Dol Exempt Salary Threshold 2024

The dol’s “2024 final rule” is all about that last part. What is the new dol overtime rule in 2024?

The dol’s “2024 final rule” is all about that last part. New york recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime, not to be confused with the.

The New York State Department Of Labor Has Included New Weekly Minimum Salaries In Its Proposed Regulations, Under Such Proposed Regulations, The New York State Salary Threshold For Exempt Employees Would Increase.

Don’t worry about pulling out a calculator.

Even If An Employee Is Paid Above These Levels, They Must Still Meet The Other Two Tests To Be Considered Exempt.

Then in addition to the minimum wage increase, the nys salary threshold for the executive and administrative exemptions also increased january 1, 2024 to $1,200 per week for those in the nyc, long island, and westchester county areas and $1,124.20 per week for employers located outside those areas.

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The Rule Increases The Minimum.

Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas outside of new york city, westchester county, and long island.

For The Remaining Nys Public Sector Employees, The Minimum Salary Is That Set By The Flsa.

The new york state labor department approved new minimum salary thresholds for exempt executive and administrative workers for the next three years.