Bill > A05906

This bill, known as the "Benefit Transparency Act", requires employers in New York to provide more comprehensive compensation and benefits information during job postings and hiring processes. Specifically, employers must now disclose not just salary ranges, but also other forms of compensation like bonuses, stocks, and equity, as well as a detailed description of benefits including health insurance, paid time off, disability insurance, and family leave. Employers must list job descriptions and, for positions paid solely on commission, provide a general commission-based compensation statement. The bill also mandates that employers provide current employees with compensation information for their role and similar positions upon request, and requires employers to provide detailed benefit plan information to job offer recipients within five business days, including specifics about insurance plans, premium costs, deductibles, coverage details, and provider network information. Employers who fail to comply can face civil penalties, and the law prohibits retaliation against employees or applicants who exercise their rights under this legislation. The bill aims to increase transparency in employment compensation and empower workers with more complete information about potential job opportunities and workplace benefits.

Housing and Urban Affairs, Labor and Employment

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