Attention New York Employers: NY’S Ban on “Stay or Pay” Agreement Now in Effect – Revisions on the Horizon
On December 19, 2025, Governor Hochul signed into law New York’s Trapped at Work Act (S4070B/A584C) which—effective immediately—prohibits certain “stay or pay” agreements that require workers to repay their employer a sum of money if they leave their employment within a specified period of time. At the time of signing, Governor Hochul indicated that she had […]