Vermont Retail and Grocers Association
Published on December 5, 2014
Page 2 Tel: 802-773-7800 P O Box 514 . Rutland, VT 05702 White Birch Realty, LLC “Specialists in Selling General & Country Stores” Over “ 200 ” Stores Sold Since 1977 ! December 19, 2014 to rejoin the settle- ment and receive a cash payment afer all appeals are completed. I you did not Opt-out o the cash settlement in May 2013 you would not have received the notice and do not have to be con- cerned. VRGA has many reservations about the proposed settlement to the industry’s credit card lawsuit. In ex- change or some limited rule changes and a one-time settlement equal to approximately two months o card ees, the card networks can continue to charge high ees and merchants in the settlement are prohibited rom suing the card networks again. However, given that in spite o objections to the settlement by many o our members and thousands o merchants across the country, the Judge approved the proposal, you may want to reconsider your position on the suit. Te court is allowing businesses that opted out originally to reconsider. Te whole matter has been appealed, so resolu- tion to the issue may not be resolved anytime soon. Several very large retail- ers who have opted-out are pursuing their own legal action in hopes o a better outcome. And while that may not be a easible option or a small merchant, the National Association o Convenience Stores is pursuing a strat- egy that will represent opt-outs with a new legal strategy. I you are interested in learning more, please contact Jim Harrison at VRGA ( email@example.com ), who will put you in touch with the law rm representing opt-outs. Reminder - Vermont’s Minimum Wage Will Increase on January 1st Te Vermont minimum wage rate will be increased to $9.15 per hour - rom the current rate o $8.73 per hour - e- ective on January 1, 2015. Te legis- lature passed the increase along with urther increases each year till 2018, at which point the wage will be $10.50. Following that, the wage will increase annually based on CPI. Vermont law requires all employers to post the minimum wage rates. Updated post- ers or both the minimum wage and meals and lodging allowance will soon be available at the Vermont Depart- ment o Labor’s website ( www.labor. vermont.gov) Inormation about the minimum wage or other wage and hour regulations impacting Vermont’s workorce can be ound on the Vermont Department o Labor website at www.labor.vermont. gov or contact the Department o Labor Wage and Hour Program at 802-828-0267. Please note that Vermont’s minimum wage does not apply to high school students, however ederal minimum wage law ($7.25) does apply.