NY DOL has finalized new rates for minimum wage, tip credit, meal credit, uniform maintenance pay and exempt employee salary thresholds, effective with the start of the new year. The new rates are summarized by Fox Rothchild at
https://www.foxrothschild.com/publications/ny-dol-issues-proposed-adjustments-to-the-tip-credit-in-accordance-with-the-upcoming-increase-in-minimum-wage
Timothy A. Gumaer, Glenn S. Grindlinger and Carolyn D. Richmond from that firm
https://www.foxrothschild.com/publications/ny-dol-finalizes-changes-to-tip-credit-meal-credit-uniform-maintenance-pay-and-exempt-employee-salary-thresholds report that “For non-exempt (i.e., hourly) employees, employers should prepare new rate of pay forms that accurately reflect the new minimum wage and any changes to the tip credit and/or meal credit, where applicable.
“Employers must also be aware of the changes to uniform maintenance pay and be ready to comply with those new rates where necessary. Employers should also work with their payroll providers to ensure that their pay stubs accurately reflect these changes.For exempt (i.e., salaried) employees, employers should review these new salary requirements and ensure that those employees are being paid at least the new minimum weekly amount. However, as a reminder, the salary threshold is only one part in determining whether an employee is properly categorized as exempt from overtime requirements; these employees must also perform particular duties to also be exempt from overtime, depending on their position.
“Employers should thus take the time to review those duties performed by their exempt employees to ensure that they are appropriately categorized as being exempt from overtime requirements.”