Bill > A05906

This bill, known as the "benefit transparency act," requires employers in New York to provide more comprehensive information about job opportunities, including not only the salary range but also any other forms of compensation like bonuses, stocks, and equity, as well as a general description of expected benefits such as health insurance and paid time off. It also mandates the disclosure of the job description itself and requires employers to maintain records for three years if they offer a base salary outside the advertised range. For current employees, employers must disclose the compensation range for their current role and similar positions upon request, and for prospective candidates, this information must be provided at any point during the hiring process if an advertisement is not issued. Furthermore, within five business days of making a job offer, employers must provide detailed information about available benefit plans, including specifics on insurance, costs, deductibles, and coverage. The bill also prohibits retaliation against individuals who exercise their rights under this act and outlines penalties for non-compliance, with definitions provided for terms like "range of compensation" and "employer" (which includes entities with four or more employees or employment agencies).

Housing and Urban Affairs, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A5906