Bill > S05990

This bill, known as the "benefit transparency act," requires employers in New York to provide more comprehensive information about job opportunities to potential and current employees. Specifically, employers must disclose not only the salary or salary range for a job, promotion, or transfer opportunity but also any other forms of compensation like bonuses, stocks, or equity, along with a general description of expected benefits such as health insurance, paid time off, and paid family leave. Additionally, employers must provide the job description itself. The bill also mandates that if an employer offers a base salary outside the advertised range, they must keep a written record of the reasons for at least three years. For current employees, employers must disclose the compensation range for their current job title and similar positions upon request, no more than annually. If an employer doesn't advertise a position, they must provide minimum and maximum wage and benefit information to prospective candidates upon request. Within five business days of making a job offer, employers must also provide detailed information about available benefit plans, including insurance specifics, costs, and coverage details. The bill prohibits retaliation against individuals who exercise their rights under this act and outlines penalties for non-compliance, including civil penalties. The term "range of compensation" is defined as the minimum and maximum annual salary or hourly range an employer in good faith believes to be accurate for the position. This act applies to employers with four or more employees and employment agencies, with certain exceptions for temporary help firms, and it takes effect 270 days after becoming law.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S5990