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SB 150 - Under current law, the minimum wage is $7.70 per hour. Under this act the minimum wage would be gradually raised according to the following schedule: • Effective January 1, 2018, the minimum wage shall be $10.10 per hour; • Effective January 1, 2019, the minimum wage shall be $11.10 per hour; • Effective January 1, 2020, the minimum wage shall be $12.10 per hour; • Effective January 1, 2021, the minimum wage shall be $13.10 per hour; • Effective January 1, 2022, the minimum wage shall be $14.10 per hour; and • Effective January 1, 2023, the minimum wage shall be $15.00 per hour. Beginning in 2024, the minimum wage will increase each year based on the increase or decrease in cost of living according to the Consumer Price Index. The act is similar to SB 91 (2017), SB 254 (2017), HB 167 (2017), HB 470 (2017), HB 516 (2017), HB 652 (2017), SB 725 (2016), SB 953 (2016), SB 957 (2016), HB 1453 (2016), HB 1517 (2016), HB 2085 (2016), HB 2359 (2016), SB 215 (2015), and SB 531 (2014). SCOTT SVAGERA
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