Provides that to achieve cost savings to businesses and the state, improve decision timeliness, and minimize wrong-sized payments to eligible beneficiaries the department of labor shall obtain current employment and income information from a third-party provider, supplementing current state wage reporting files from the department of taxation and finance.
Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.
Establishes the transitional wage insurance program under which the department of labor provides temporary supplemental payments to eligible individuals who accept new employment at a lower wage than their prior employment.
Requires the commissioner of labor to prepare an annual report on the cost of living, poverty rates and adequacy of the current minimum wage in the state.
Freezes minimum wage automatic escalators and annual inflation adjustments beginning in 2027; repeals the provision of law providing that the minimum wage shall be determined by increasing the then current year's minimum wage rate by the rate of change in the average of the three most recent consecutive twelve-month periods between the first of August and the thirty-first of July, each over their preceding twelve-month periods published by the United States department of labor non-seasonally adjusted consumer price index for the northeast region urban wage earners and clerical workers (CPI-W) or any successor index as calculated by the United States department of labor.
Provides that the department of taxation and finance shall be permitted to share with the office of the state comptroller a person's address, based on such person's most recently filed tax return, for the purpose of returning unclaimed funds to such person.
Relates to the commissioner of health obtaining certain employment and income data of individuals eligible for medical assistance.
Requires the department of labor to study the long-term impact of artificial intelligence on the state workforce including but not limited to job performance, productivity, training, education requirements, privacy and security; prohibits any state entity from using artificial intelligence in any way that would result in the displacement of any currently employed worker or loss of position, including partial displacement such as a reduction in the hours of non-overtime work, wages or employment benefits, or results in the impairment of existing collective bargaining agreements.
Enacts "the construction reporting pay act"; provides that each laborer, worker or mechanic in the employ of a contractor who by request or permission of an employer reports for work on any day shall be paid no less than four hours at the prevailing rate of wages.
Requires reporting on merit determinations relating to unfair labor practices to the department of labor and a certificate of compliance to be eligible for state economic incentives.