2019 Updates and Reminders

January 17, 2019

 

Don’t forget about these important changes that already are in effect!

 

  • NYC minimum wage increased increased to $13.50/hour for employers with 10 employees or less and $15.00/hour for employers with 11 employees or more.

  • Exempt threshold went up in NYC: $58,500 annually for large employers (11 employees or more), and $52,650 for small employers (10 employees or less)

  • Paid Family Leave will cover 10 weeks at 55% of state average weekly wage

  • Social Security tax cap has increased to $132,900

  • Transit benefits have increased to $265 per month

  • FSA contribution limits have increased to $2,700

     

     

     

     

     

     

     

     

     

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