Tag: Payroll (page 2 of 2)

Increased Minimum Wage in NYS

From 12/31/2017 to 12/30/2018, the basic minimum wage is $10.40 per hour in most of New York State.

 

There are different minimum wage rates for: the fast food industry; Long Island; Westchester County; and large and small employers in New York City.

 

General Minimum Wage Rate Schedule

NYC – Large Employers (of 11 or more) $13.00

NYC – Small Employers (10 or less) $12.00

Long Island & Westchester $11.00

Remainder of New York State $10.40

 

For more information on the increased minimum wage specific to your industry, please visit the NYS Department of Labor.

 

Employers must post a Minimum Wage Information poster in their place of work.

 

New York State Paid Family Leave

 On July 19, Governor Cuomo announced final regulations implementing New York’s nation-leading Paid Family Leave (PFL) program. The state’s PFL program will provide New Yorkers with job-protected, paid leave to bond with a new child, care for a loved one with a serious health condition or to help relieve family pressures when someone is deployed abroad on active military service.

Insurance companies notified disability benefits (DB) policyholders that PFL will be added to their DB policies effective January 1, 2018.  Nearly all employees of DB policyholders will be automatically covered for PFL.

PFL will be funded through employee payroll deductions. As an employer, you are responsible for collecting the appropriate PFL contributions to cover the cost of the program. You may begin employee payroll deductions for PFL as of July 1, 2017.

The rate of PFL is 0.126% of the employee’s weekly wage, not to exceed 0.126% of the current New York State average weekly wage (AWW) of $1,305.92.

Please review the fact sheet for further information.

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