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As of July 1, 2024, hourly workers making the equivalent of $43,888 a year are eligible for overtime pay, up from $35,568, which will increase to $58,656 on Jan. 1, 2025.
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 ...
On Wednesday, the Federal Reserve raised its projection for the inflation rate for 2025 to 2.5% from a prior estimate of 2.1% issued in September. The Fed also forecast just two rate cuts for the ...
The California Codes are 29 legal codes enacted by the California State Legislature, which, alongside uncodified acts, form the general statutory law of California. The official codes are maintained by the California Office of Legislative Counsel for the legislature.
The California Labor Code, more formally known as "the Labor Code", [1] is a collection of civil law statutes for the State of California. The code is made up of statutes which govern the general obligations and rights of persons within the jurisdiction of the State of California .
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 ...
However, the Domestic Workers Bill of Rights (AB 241) was signed into law by California Governor Jerry Brown on September 26, 2013, and went into effect on January 1, 2014. [ 4 ] [ 18 ] The law makes nannies, private healthcare aides and other domestic workers in California eligible for overtime pay if they work more than nine hours a day or 45 ...
The Biden administration raised that threshold to $43,888 beginning July 1, and that will rise to $58,656 on Jan. 1, 2025. That would grant overtime eligibility to about 4 million workers, the ...