Federal contractor minimum wage to rise to $15 an hour

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  • The U.S. Department of Labor introduced Monday a remaining rule implementing President Joe Biden’s executive order elevating the federal contractor least wage from $ten.ninety five to $15 an hour. The remaining rule retains the Jan. thirty, 2022, deadline by which organizations will have to integrate the new charge into new contract solicitations.
  • The necessities apply to federal contractors that accomplish work in all fifty U.S. states as perfectly as U.S. territories, Jessica Looman, performing administrator of DOL’s Wage and Hour Division, stated during a media briefing Monday. It also finishes the idea credit rating as perfectly as the subminimum wage provision for sure employees with disabilities.
  • The new charge does not apply to eligible federal contracts entered into ahead of Jan. thirty, 2022, but will apply to extensions of these kinds of contracts finalized right after the deadline. Commencing Jan. 1, 2023, the least wage will boost annually
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