New Exempt Salary Threshold 2024

New Exempt Salary Threshold 2024. Ny salary exempt threshold 2024. As a result of the new minimum wage, the state has proposed increasing the minimum salary requirement for the executive and administrative exemptions to $1,200.


New Exempt Salary Threshold 2024

The new threshold means employees need to earn $55,068 or more per year to be exempt from overtime. Effective july 1, 2024, the minimum weekly salary for exempt status will increase to $844 ($43,888 annually) and the highly compensated salary threshold will.

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