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New York enacted a pay transparency law in 2023. The law requires employers to publicly disclose job salary ranges. [ 6 ] Massachusetts enacted a pay transparency law in July, 2024, which applies to businesses with more than 24 employees, with data reporting for businesses with 100 or more employees.
The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
Following the Watergate scandal financial disclosure of public officials was made a requirement in the United States by its Ethics in Government Act of 1978. [2] In 1980-th most of European countries disclosed public assets declarations. Italy in 1982, [1] Portugal - 1983. [1]
The public disclosure of salary as of 2020 is approximately $205,180.00 base, which is considered in line with what most large US cities pay their respective chief of police, and a bit lower than that of the chief of the Los Angeles Police Department. [118] [119]
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Labor Management Reporting and Disclosure Act; Long title: An act to provide for the reporting and disclosure of certain financial transactions and administrative practices of labor organizations and employers, to prevent abuses in the administration of trusteeships by labor organizations, to provide standards with respect to the election of officers of labor organizations, and for other purposes.
As of January 2021, nineteen American states and twenty-one American municipalities have adopted some form of a salary history ban. [2] The first salary history ban was passed in Massachusetts in August 2016. [3] Salary history bans forbid employers from asking candidates their salary histories.
The New York State Common Retirement fund is a public pension plan for the employees of New York State government. As of 2018 [update] , it was the third largest public pension plan in the nation, and held $207.4 billion in assets.