Vermont Legislature Passes Gradual Minimum Wage Hike

Vermont Legislature Passes Gradual Minimum Wage Hike

The bill was passed late Friday night, a day before lawmakers are expected to wrap up the session.
MONTPELIER - A minimum wage hike is headed to Governor Peter Shumlin's desk.

The House concurred with the Senate's gradual proposal, rather than its own proposal of a $10.10 minimum wage by January of 2015.

The gradual increase will raise the minimum wage to:
$9.15 in 2015
$9.60 in 2016
$10.00 in 2017
$10.50 in 2018

After that, the wage will go up each year based on the Consumer Price Index, or by 5%, whichever is smaller.

The Governor issued a statement saying he will sign the bill.

“I thank the Legislature for doing the right thing for working Vermonters by raising the minimum wage. Everyone who puts in a full day’s work deserves a paycheck that will give their family a fighting chance. This bill will phase in a higher wages in line with many of our neighboring states, and I will be proud to sign it."
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