Minimum wage rises to $7 per hour

first_imgVermonts minimum wage rate will rise to $7 per hour as stated below.Note: Effective since July 1, 1989, “if the minimum wage rate established by the U.S. Government is greater than the rate established for Vermont for any year, the Vermont minimum wage rate shall be the rate established by the U.S. Government”.)MINIMUM WAGE, effective thru 12/31/2004: $6.75 per hour workedMINIMUM WAGE, effective 01/01/2005: $7.00 per hour worked.Employers engaged in the hotel, motel, tourist place and restaurant industry shall receive a tip credit for tips actually earned and retained by *service or tipped employees. For service and tipped employees the basic wage rate** will be:Minimum Base Rate …… Maximum Tip Credit AllowedCurrent Rate, eff. 1/1/2004: $3.58/hr. …… $3.17/hr.Rate, eff. 1/1/2005: $3.65/hr. …… $3.35/hr.*Service or Tipped Employees — is defined as “All those, in either hotels, motels, tourist places, and restaurants who customarily and regularly receives more than $30.00 per month in tips for direct and personal customer service.”** The basic wage rate is the minimum required employer contribution towards the minimum wage. If an employee does not receive sufficient tips in the workweek to at least achieve the minimum wage for all hours worked that week, the employer must make up the difference.last_img

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