Creates new provisions relating to employee compensation, reinstating certain minimum wage adjustments, implementing earned paid sick leave, and bereavement leave

This bill establishes new minimum wage requirements, increasing it to $13.75 per hour by January 1, 2025, and then to $15.00 per hour by January 1, 2026, with future adjustments based on the cost of living. It also introduces earned paid sick time and earned paid bereavement time for employees, with accrual rates and usage limits varying based on employer size, starting January 1, 2027. Public employers are exempt from the new minimum wage rates after August 28, 2025, but will continue to follow the existing minimum wage rules.

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