Pursuant to Executive Order (E.O.) 13658 — signed by President Obama in 2014 that requires certain federal contractors and subcontractors to pay a higher minimum wage to employees working on covered contracts — the current minimum wage will increase from $10.15 to $10.20, effective January 1, 2017. The current federal statutory minimum wage is $7.25 an hour.
In addition, for covered contractors with tipped employees, the minimum wage for these workers has been raised from $5.85 an hour to $6.80 an hour, also effective January 1, 2017.
Members of the Equal Employment Advisory Council (EEAC) can read more here.