Upcoming Increase in Nevada Minimum Wage
Effective July 1, 2021, the State of Nevada will be implementing increases in minimum wage and overtime rates incrementally by $0.75 on an annual basis through 2024 pursuant to the Assembly Bill 456 passed by the Nevada Legislature in 2019. Beginning July 1, 2021 through June 30, 2022, minimum wage will increase to $8.75 per hour for employees that are offered qualifying health benefits and $9.75 per hour for employees that are not offered qualifying health benefits.
Further, the daily overtime rates for employees will also be increased for the same period of time (except for those who are deemed exempt from overtime requirements under NRS 608.018) as follows:
- Nevada employees earning more than 1.5 times minimum wage ($13.125 per hour for those offered health benefits and $14.625 per hour for those not offered health benefits) will be eligible for overtime for hours of work in excess of 40 hours per week at a rate of 1.5 times their regular pay rate.
- Employees earning less than 1.5 times minimum wage, in addition to the overtime pay for work hours in excess of 40 hours per week, will also be eligible for overtime pay at a rate of 1.5 times their regular pay rate for working more than 8 hours in a 24-hour period.
For further information regarding the upcoming minimum wage increase in Nevada, please visit:
Full-Text of Assembly Bill 456:
2021 Annual Bulletin - Minimum Wage: https://labor.nv.gov/uploadedFiles/labornvgov/content/Employer/2021%20Minimum%20Wage%20Bulletin%2003.24.2021.pdf
If you have questions regarding your business or this newsletter, please contact MOBO Law, LLP.