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In 2016, then-President Barack Obama asked the Labor Department to overhaul federal overtime rules and raise the salary threshold to $47,476 a year, or $913 a week. That would have roughly doubled ...
A federal judge in Texas on Friday permanently blocked a Biden administration rule that would have made about 4 million more salaried U.S. workers eligible for overtime pay. U.S. District Judge ...
Wysa analyzed BLS data to determine which workers will benefit the most from new federal overtime rules designed to ... 2024, hourly workers making the equivalent of $43,888 a year are eligible ...
The new rule also expands overtime eligibility for some highly-compensated workers. According to a Labor Department FAQ , the current $107,432 annual threshold for highly-compensated workers is set to increase to $132,964 on July 1 and $151,164 by the start of 2025.
The rule would have required employers to pay overtime premiums to salaried workers who earn less than $1,128 per week, or about $58,600 per year, when they work more than 40 hours in a week ...
Sonderling also issued proposed rules for marquee labor issues, such as updating the overtime threshold and joint employer standards under the FLSA. [ 17 ] [ 18 ] Sonderling was also instrumental in developing the Payroll Audit Independent Determination (PAID) the Agency's first comprehensive self-audit program. [ 19 ]
The United States Department of Labor (DOL) holds significant discretion over how the companionship exemption is interpreted and applied in the workplace. Under the DOL's current interpretation, the companionship exemption applies to most home care workers (also known as personal care assistants), allowing their employers—unless they are in a state with regulations superseding those at the ...
The rule significantly raises the salary level that workers could earn and still qualify for overtime. The new rules don’t take effect immediately. And they won't benefit everyone.