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The threshold will increase to the equivalent of an annual salary of $43,888, or $844 a week, starting July 1, and then to $58,656, or $1,128 a week, on January 1, 2025.
The current salary threshold to qualify for overtime pay is $35,568 per year based on a limit set by the Trump administration in 2019 — the first increase since 2004. More money or time back to ...
The U.S. Department of Labor rule will require employers to pay overtime premiums to workers who earn a salary of less than $1,128 per week, or about $58,600 per year, when they work more than 40 ...
Starting July 1, employers of all sizes will be required pay overtime — time and a half salary after 40 hours a week — to salaried workers who make less than $43,888 a year in certain ...
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time ...
The U.S. Department of Labor (DOL) released a proposed rule that would require employers to pay overtime premiums to workers who earn a salary of less than $1,059 per week, or about $55,000 per year.
Trump had set the threshold at just $35,568 during his first term. Biden’s rule would push it to $58,656 next year, so that the threshold covers an estimated 4 million additional workers.
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 ...