Salary Minimum Wage 2024 Ny 2024. This salary threshold is consistently higher than federal law (even under the proposed federal changes) and continues to be generally calculated as 75 times the applicable minimum wage. 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.

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. The minimum wage for employees in new york city, nassau, suffolk, and westchester counties increases to $16 per hour in 2024, and to $15 in other parts of the state.