New York A00992 amends the labor law to include bonuses in the definition of wages when the formula for determining the bonus is available to the.

New York A00992 amends the labor law to redefine "wages" to include bonuses. This change applies when the formula for calculating the bonus is available to the employer or when the bonus amount has been declared. Additionally, the bill introduces a new section stating that all wages are non-forfeitable once the wage amount is known or can be reasonably determined. This legislation aims to ensure that employees receive all their earned wages, including bonuses, without the possibility of forfeiture.

New York A00992 amends the labor law to include bonuses in the definition of wages when the formula for determining the bonus is available to the.

New York A00992 amends the labor law to redefine "wages" to include bonuses. This change applies when the formula for calculating the bonus is available to the employer or when the bonus amount has been declared. Additionally, the bill introduces a new section stating that all wages are non-forfeitable once the wage amount is known or can be reasonably determined. This legislation aims to ensure that employees receive all their earned wages, including bonuses, without the possibility of forfeiture.