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The document is a notice from the New Jersey Department of Treasury, Division of Taxation, providing guidelines for employers on how to report employee contributions for various programs (Unemployment Insurance, Disability Insurance, Family Leave Insurance) on the 2020 W-2 Wage and Tax Statements. It includes instructions for proper reporting, sample forms, and contact information for assistance.

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What will the minimum wage be in 2025 in NJ?

NEW JERSEY - New Jerseys statewide minimum wage is rising by $0.36 to $15.49 per hour for most employees in 2025. The increase is part of a scheduled hike stemming from a 2019 bill signed by NJ Gov. Phil Murphy. When Murphy took office back in 2018, the states minimum wage was $8.60 per hour.

What is the prevailing wage rate in New Jersey 2025?

The current rate of $15.13 per hour took effect on Jan. 1, 2024. The upcoming increase to $15.49 marks the states first adjustment based on inflation and cost-of-living changes. Future annual cost-of-living adjustments are built into the law, ensuring wages continue to reflect economic conditions.

Is $17 an hour the minimum wage?

Ten states and Washington, D.C. have minimum wages of $15.00 or more: California. Connecticut. Delaware. Illinois. Maryland. Massachusetts. New Jersey. New York.

What should minimum wage be in 2025?

Official Site of The State of New Jersey Effective January 1, 2025, New Jerseys minimum wage is $15.49/hour for most workers. Learn more about the increase.

What is the hourly rate in New Jersey?

New Jerseys new mandatory minimum wage requirement will be effective January 1, 2025. For most employers, the 2025 minimum wage for compensating employees will increase by $0.36 to $15.49 per hour (up from $15.13 per hour in 2024).