The U.S. Department of Labor has updated its 2016 minimum wage poster to reflect new requirements imposed by the February 12, 2014, Executive Order (E.O.) 13658, Establishing a Minimum Wage for Contractors. The E.O. requires federal contractors to pay workers performing work on or in connection with covered federal contracts at least $10.10 per hour beginning January 1, 2015, and at least $10.15 per hour beginning January 1, 2016. The amount may be adjusted annually by an amount determined by the Secretary of Labor in a manner prescribed by the E.O. In 2016, covered tipped employees performing work on or in connection with covered contracts generally must be paid a cash wage of at least $5.85 per hour.
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