In July of this year, the U.S. Department of Labor (DOL) is expected to issue new rules that raise the eligibility ceiling for overtime pay from its current $23,660 annually to as high as $50,440. These changes could make approximately 4.6 million more workers automatically eligible for overtime pay-- and bring about a significant increase in lawsuits.
Is your agency prepared?
There are three major changes to the proposed rule:
1. Exempt Salary Threshold: The first and most substantial proposed change is to the exempt salary threshold requirement. The proposed regulations increase the salary threshold from $23,660 per year to $50,440 per year for full-time, salaried workers.
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