US Department of Labor Releases New Overtime Regulations

The Overtime Rule | United States Department of Labor The final rule will: Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year) Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability. Strengthen overtime protections for salaried workers already entitled to overtime. Provide greater clarity […]

The Overtime Rule | United States Department of Labor

The final rule will:

  • Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year)
  • Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.
  • Strengthen overtime protections for salaried workers already entitled to overtime.
  • Provide greater clarity for workers and employers.

The final rule will become effective on December 1, 2016, giving employers more than six months to prepare. The final rule does not make any changes to the duties test for executive, administrative and professional employees.