DOL Indicates New White Collar Exemption Overtime Rule May Not Go Into Effect Until Late 2016
November 17, 2015
DOL Indicates New White Collar Exemption Overtime Rule May Not Go Into Effect Until Late 2016
President Obama announced on June 30 that the Department of Labor (DOL) would propose extending overtime pay. The proposal would guarantee overtime pay to most salaried workers earning less than an estimated $50,440 ($970 per week). Currently, the salary threshold remains at $23,660 ($455 per week). Last week, at the American Bar Associations Labor and Employment Law conference in Philadelphia, the Solicitor of Labor, M. Patricia Smith, said during a panel discussion that the finalized changes to the overtime eligibility rules likely would not be issued until late 2016.
Please contact SESCO should you have any questions as relates to compliance with this proposal and the Fair Labor Standards Act (FLSA).
