NJ Minimum Wage Remains Unchanged for 2016
New Jersey’s minimum wage will remain unchanged at $8.38 per hour in 2016. The rate is tied to the consumer price index for all urban wage earners which edged down over the past year, resulting in no increase to the state’s minimum wage for the upcoming year.
Federal Contractor Minimum Wage Increase
Beginning on January 1, 2016, the minimum wage-rate floor for certain Federal contractors and subcontractors, required by President Obama’s Executive Order 13658, will be $10.15 per hour. The new rate is a $.05 increase over the 2015 minimum wage rate. More information can be found on the DOL Website.
NJ Benefit Rates Increases
The NJ Department of Labor and Workforce Development has published their proposed maximum benefit rates for Unemployment, Workers’ Compensation, Temporary Disability and Family Leave Insurance. While these rates are only proposed at this time, it is expected with they will take effect in January.
Proposed 2016 Rates
Unemployment –
Maximum Benefit Rate: $657
Wage Base: $32,600
Base Week: $168
Temporary Disability and Family Leave Insurance -
Maximum Benefit Rate: $615
Wage Base: $32,600
Base Week: $168
Workers’ Compensation -
Maximum Benefit Rate: $871