Establishes a 32-hour workweek by requiring employers to pay overtime for hours worked in excess of 32; exempts employees of hospitals, public health centers, nursing homes, maternity homes, therapeutic community residences, and residential care homes, but provides for overtime for work in excess of 64 hours per biweekly period; limits employment hours of children under 16 to not more than 32 hours per week; provides for accrual of sick leave by all employees at the rate of one hour per 41 hours worked; allows employees who are exempt from the Fair Labor Standards Act to accrue earned sick leave for a 32-hour week.

Requires employers, including nonprofits, to pay out unused vacation leave upon an employee's separation from employment.

For business and nonprofit employers, increases minimum wage to $20 per hour; repeals exemption of agricultural workers from minimum wage laws; phases in overtime pay for agricultural workers; sets minimum salary to qualify as an executive, administrative, or professional employee for purposes of exemption from minimum wage and overtime laws; removes authority of Labor Commissioner to recommend a subminimum wage for individuals with disabilities; removes prospective repeal of the Attorney General's authority to investigate and enforce complaints of employee misclassification.

Reduces the number of exemptions from Vermont's minimum wage and overtime law; eliminates the tipped minimum wage; increases the minimum wage to $25 per hour by 2026, with annual inflation adjustment; requires that inmates in Vermont's correctional institutions be paid at least Vermont minimum wage; defines "employer" as any person that employs two or more employees.

Requires employers to continue health insurance payments for terminated employees who the employer knows is pregnant.

Creates a 50% tax credit for qualified employers for child care contributions.

Require that any legislation establishing new “health insurance mandates” for private health insurance, including health plans offered by nonprofits or the State Health Plan, must repeal an equivalent number of existing “health insurance mandates.”

Ratifies the governor's executive order providing unemployment relief for individuals and employers affected by Hurricane Helene; increases maximum weekly unemployment benefits; ensures nonprofits and other employers will not be charged for Hurricane Helene-related unemployment claims of their employees; offers an unemployment tax credit for 2025 for employers that would be equal to the amount of unemployment taxes they paid in the fourth quarter of 2024.

Appropriates $35 million for subsidized child care; increases the child care subsidy for children up to age 18.

Raises minimum wage from $6.15 to $18 per hour by 2030, with inflation adjustment thereafter.