Minimum Wage 2024 Nyc Overtime. The 2024 rule, effective july 1, raised the minimum salary for the eap exemption to $844 per week ($43,888 annually), with another increase set to take effect. New york recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime.
New york recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime. The minimum hourly wage rate for new york city, westchester, long island, and the rest of new york state will increase annually for 2024 to 2026 as follows: