Connect with us

Hi, what are you looking for?

Latest News

New York officials update overtime threshold for farm workers

New York officials gave final approval Wednesday for a measure that will lower the hourly threshold for when farm workers qualify for overtime pay.

Under the adopted measure, the overtime pay threshold will gradually be reduced to 40 hours by 2032. Starting on Jan. 1, 2024, farm workers will be eligible for overtime pay after 56 hours worked per week.

Right now, farm workers in the state qualify for overtime pay after working more than 60 hours per week.

The state’s Department of Labor Commissioner Roberta Reardon, who approved of a recommendation to reduce the overtime threshold in September, said it would ‘ensure equity for farm workers, who are the very backbone of our agriculture sector.’ The gradual transition should give farmers time to make appropriate adjustments, she said.

The overtime rule has been applauded by labor movement advocates who say farm workers deserve the same benefits long enjoyed by other workers. But many farm owners say the new measure will drive up labor costs and threatens family farms in the state.

‘Our family farmers are already struggling with skyrocketing inflation, high unemployment insurance taxes, and a severe worker shortage. This is one more burdensome mandate passed on by unelected bureaucrats that will cause more harm,’ state Senate GOP Leader Rob Ortt said in a statement.

Gov. Kathy Hochul in her budget plan proposes expanding tax credits for farmers to ensure the new standards are implemented smoothly.

Farm owners will be able to tap into a tax credit of $1,200 per employee. A refundable overtime tax credit was also established to help cover the costs of farm employers who will have to pay overtime hourly wages.

This post appeared first on FOX NEWS







    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!





    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    Russia’s Arrest Warrant for Lindsey Graham: A Diplomatic Tug-of-War Unveils Deepening Tensions Article: In a startling turn of events, Russia has issued an arrest...

    Stock

    Mastering the Covered Calls Options Strategy: A Comprehensive Guide for Investors Introduction: Covered calls are a popular options strategy used by investors to generate...

    Latest News

    23 GOP-Led States Rally Behind Florida’s Challenge to Biden’s Policy on Migrants Released Without Court Dates Introduction: In a significant show of solidarity, 23...

    Investing

    Top 10 Manganese-producing Countries: A Look at the Global Leaders in Manganese Production (Updated 2023) Manganese is an essential metal used in various industrial...

    Disclaimer: Worldmarkettitans.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Worldmarkettitans.com