Bill > HB20

This bill, titled "Raise minimum wage," proposes to increase the minimum wage in New Mexico from the current rate of $7.50 per hour to $10.10 per hour, effective July 1, 2015. Beyond this initial increase, the bill introduces a mechanism for future adjustments to the minimum wage based on the consumer price index for the western region, meaning the minimum wage will automatically increase each year on July 1st if the cost of living, as measured by this index, has risen since the previous January 1st. The Workforce Solutions Department will be responsible for determining these annual increases and notifying employers. The bill also retains existing provisions regarding deductions for furnished items for agricultural workers, the tipped minimum wage, and overtime pay, with the overtime rate being one and a half times the regular hourly rate for hours worked over forty in a week.