Bill > SB10

This bill proposes to increase the minimum wage in New Mexico from $6.50 to $8.30 per hour, with a special provision allowing employers to pay trainee employees a minimum of $7.50 per hour for up to six months from their hire date. It also clarifies that employers cannot lower an employee's current hourly wage and maintains existing rules regarding deductions for housing and utilities for agricultural workers, as well as the tip credit system for tipped employees, ensuring their total earnings (tips plus cash wage) meet the new minimum wage. Additionally, it reiterates the requirement for overtime pay at one and a half times the regular rate for hours worked over forty in a week, with an exception for certain investigative service employees paid a fixed salary for fluctuating hours, as long as their hourly rate meets federal minimum wage standards. The bill is set to become effective on January 1, 2016.