DOL Publishes New $15 Hourly Minimum Wage Rule for Federal Contractors

The Department of Labor’s (DOL) Wage and Hour Division published a final rule that will increase the hourly minimum wage of federal contractors to $15 on January 30, 2022. The rule implements the Executive Order on Increasing the Minimum Wage for Federal Contractors (EO 14026) that was signed by President Biden in April.

EO 14026 will:

Increase the hourly minimum wage for certain federal contractors to $15 beginning January 30, 2022. 

Index the minimum wage to an inflation measure in future years. 

Eliminate the tipped minimum wage for federal contractors by 2024. 

Ensure a $15 minimum wage for workers with disabilities performing work on or in connection with covered contracts. 

Restore minimum wage protections to outfitters and guides operating on federal lands. 

For more information about the DOL’s implementing rule and EO 14026, please click here.

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