On December 29, 2014, Governor Cuomo signed into law a bill (AB 8106-c) that eliminates the requirement under the New York Wage Theft Prevention Act that before February 1 of each year, employers issue annual wage statements to employees and receive written acknowledgement from every worker of their receipt of such notice. As a result, the New York Department of Labor announced via its website that it will not require the annual wage statements for 2015.

 

Businesses are still required to provide written wage statements to new employees at the time of hire. Also, employers are required to provide periodic statements to employees in the hospitality industry regarding changes in their wage rate, such as the increase in the state minimum wage to $8.75 per hour effective December 31, 2014. Employers must also continue to provide detailed pay stubs to employees with their wage payments and post in a conspicuous place notices issued by the Department about wage and hour laws.

 

Go to www.labor.ny.gov/formsdocs/wp/LS207.pdf for the updated minimum wage poster.

 

Paylocity’s Government Relations and Compliance teams continue to monitor updates to State, Federal and Local regulations and keep you informed of important changes. Thank you for choosing Paylocity as your Payroll Tax partner. Should you have any questions please contact your Paylocity Account Manager.

 

*This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.