New York S06775 amends the labor law to include bonuses in the definition of wages.

New York S06775 amends the labor law to include bonuses in the definition of wages. This change applies when the formula for determining the bonus is available to the employer or when the bonus amount has been declared by the employer. The bill also ensures that all wages, including bonuses, are non-forfeitable once the amount is known or can be known with reasonable certainty. This act takes effect immediately.

New York S06775 amends the labor law to include bonuses in the definition of wages.

New York S06775 amends the labor law to include bonuses in the definition of wages. This change applies when the formula for determining the bonus is available to the employer or when the bonus amount has been declared by the employer. The bill also ensures that all wages, including bonuses, are non-forfeitable once the amount is known or can be known with reasonable certainty. This act takes effect immediately.