The bill would increase the wage to $9.50 an hour on Jan. 1, $11 in 2022 and $12 in 2023. Increases the minimum wage from its current federally mandated level of $7.25 per hour to $9.50 per hour effective January 1, 2021; to $11.00 per hour effective January 1, 2022; to $12.00 per hour effective January 1, 2023; to $13.50 per hour effective January 1, 2025; and to $15.00 per hour effective January 1, 2026. See 20 CFR 655.120(a) and .122(l). 2020 Rates: Effective July 1, 2020, the maximum compensation rate will be $1,137. New York City and Portland Metro are examples of areas—like California—which have local minimum wage rates that exceed the statewide minimum. The minimum wage has been pegged by federal law at $7.25 since 2009 — which, adjusted for inflation since then, would need to be $8.82 to represent the same purchasing power. From there, the rate would rise to … Three more states and the District of Columbia have wage increases scheduled to take effect over the course of 2020. The hourly minimum wage in Virginia will increase to $9.50 beginning May 1, 2021, to $11.00 on January 1, 2022, and to $12.00 on January 1, 2023. Section ; ... $12.00 per hour or (ii) the federal minimum wage. During the … Virginia Increases its Minimum Wage to $12.00 per Hour by 2023. Business groups say increasing wages during the pandemic could … | March 09, 2020 11:00 AM T he Virginia General Assembly approved legislation that would incrementally increase the minimum wage to $12 per hour … By 2022, the wage would be raised $13. Yesterday, the Virginia State Senate narrowly voted not to adopt a $15 minimum wage, in a 21-to-19 vote along party lines. Raising the minimum wage was a signature accomplishment this year for Democrats, who settled on a plan to increase it from the current $7.25 an hour to … Although delayed in its implementation because of the coronavirus, HB 395 and SB 7 will raise the minimum wage in Virginia to $9.50 per hour beginning May 1, … Meaning that employees can pay their workers a minimum cash wage of $2.62 per hour as long as the tips equal the $8.75 minimum wage. The state-wide minimum wage for Virginia is $7.25 per hour as of July 01, 2018.. View all Virginia minimum wage values Virginia Charts A Path To A $15 Minimum Wage. Five states have not adopted a state minimum wage: Alabama, Louisiana, Mississippi, South Carolina and Tennessee. However, there are various exceptions to the West Virginia minimum wage in 2020. The state senate voted 20-20 and Lt. Gov. The minimum wage in the Portland Metro Area is $13.25 per hour and the minimum wage in Nonurban counties is $11.50 per hour. In all seven of these states, the federal minimum wage of $7.25 per hour applies. The minimum wage for Long Island and Westchester Counties will be $13.00. 2. It also calls for a study of a regional minimum wage – an approach for which lawmakers in the Senate had been advocating. Range Occupations (effective December 15, 2020) The legislation would raise Virginia’s minimum wage from $7.25 to $9.50 an hour on Jan. 1 and increase it gradually to $12 an hour in 2023. Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour. Virginia Minimum Wage Act » § 40.1-28.10. Next month, 24 states and Washington, D.C., are set to increase their minimum wage. It will then rise to $11.00 per hour on January 1, 2022, before increasing to $12.00 per hour as of January 1, 2023. It will then be $15 per hour for workers whose employment is covered by the federal Fair Labor Standards Act (FLSA) and to public employees. For the purpose of minimum wage coverage, the state minimum wage of $8.75 will apply whenever there are six (6) or more non-exempt employees working at any … The table below lists the current prevailing 2020 minimum wage rates for every state in the … The increases will be in 24 states and 48 cities and counties, according to the advocacy group National Employment Law Project. Different versions of the minimum wage legislation are expected to advance in the House of Delegates and the state Senate. The minimum wage is set to go up in 72 jurisdictions in 2020. The FLSA has several exemptions that apply to agriculture and this DOL Fact Sheet outlines those exemptions. Virginia’s state minimum wage is set to increase to $9.50 on May 1, 2021, and will gradually increase each year, until it reaches $15 starting January 1, 2026. If they are not reauthorized, the annual indexing provisions will take effect from the $12.00 minimum wage level established on 1-1-2023. Statewide minimum wages apply in areas that are not governed by a higher, local minimum wage ordinance. The federal minimum wage in 2020 is $7.25 per hour and has not increased since July 2009. The bill would hike Virginia's minimum wage from its current federal minimum rate of $7.25 an hour to $9 per hour as of July 1, 2020. The minimum wage in Virginia will increase to $9.50 per hour on May 1, 2021. Virginia employers will need to comply with a new Virginia minimum wage increase to $9.50 an hour starting May 1, 2021. The Fair Labor Standards Act (FLSA) sets the federal standards for minimum wage, overtime, record keeping, and child labor. Virginia House lawmakers advanced a bill that would raise the minimum wage from $7.25 per hour to $9 per hour in 2020. However, some states, cities, and counties have a higher minimum wage rate. This is the Virginia Workers’ Compensation Commission chronological compensation benefits chart. After that study is complete, lawmakers would vote in 2024 whether to continue increasing the wage to $13.50 in 2025 and $15 in 2026. When the state, city or county minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount. The minimum wage will increase to $9.50 in 2021 and will continue to increase each year until 2023 when it reaches $12, according to Northam. E. (For effective date, see Acts 2020, cc. Current AEWRs. Then, the General Assembly will have to … For all other occupations, the wage offered and paid must equal or exceed the hourly AEWR, the prevailing wage rate (if available), the Federal minimum wage, the State minimum wage, or the agreed-upon collective bargaining rate, whichever is highest. Minimum wages. Minimum wage. The law won't go into effect until May 1, 2021. Both would raise the minimum wage to … On that day, the minimum wage on Long Island and Westchester County will jump a dollar to $14 an hour. 2. Virginia also has laws … The increases take effect on Dec. 31. On April 22, 2020, during a special legislative session, the Virginia General Assembly voted to … In other parts of the state, the rate will go to $12.50, up from $11.80. Justin Fairfax provided the tie breaking vote in favor of delaying the minimum wage increase. Initially the minimum wage increase was planned for January 1, 2021, but Governor Northam delayed the increase as a result of the COVID-19 pandemic. Twenty-one states began 2020 with higher minimum wages. Effective July 1, 2020, the minimum compensation rate will be $284.25. 4 Listed rate is the standard state wage of $12.00 per hour. The minimum wage for New York City will be $15.00 for all businesses. In 2020, the Virginia legislature is likely to join the liberal bastions of California and Massachusetts in imposing a $15 minimum wage. Virginia is one of several states with plans to reach a $15/hour minimum wage in phases over the next few years. The Virginia Minimum Wage Act is scheduled to increase on May 1, 2021 when the new law becomes effective. The measure heads to the desk of Gov. The General Assembly approved Governor Northam’s amended version of the legislation on April 22, 2020. The first increase in over 11 years will take effect in January 2021 During the 2020 session, the General Assembly adopted new legislation to increase Virginia’s minimum wage. Virginia’s increase of the minimum wage to $9.50 per hour will not take effect until May 1, 2021, after it was delayed by lawmakers at an April special session because of the COVID-19 … New York City has a $15 an hour minimum wage. For tipped employees, the minimum wage standards allow a 70% credit against the West Virginia minimum wage requirement. ***** The increased New York State minimum wage is effective 12/31/2020. 2020 Highlights. The new bill allows Virginia's minimum wage to increase every year until it reaches $15 an hour by 2026. 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