What's New? Increase to NYS Wage Exemption Amount for Restraining Notices and Levies

The New York Exempt Income Protection Act (“EIPA”), effective January 1, 2009, amended Article 52 of the New York Civil Practice Law and Rules (“CPLR”) to limit the ability of judgment creditors and others to restrain Social Security and other exempt funds. 

Beginning April 1, 2012, the Superintendent of the Department of Financial Services is required, and at each three year interval thereafter, to update the current dollar amount of exemption from enforcement of judgments under New York Civil Practice Law.

Because the New York State minimum wage is increasing from $8.75 to $9.00 an hour as of December 31, 2015, the amount of the wage exemption under the EIPA is increasing from $2,100 to $2,160 as of that date.

Read more in The Gold Book under Exemptions.