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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.
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 Labor Department estimates that 4 million lower-paid salary workers who are exempt under current regulations will become eligible for overtime protections in ...
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 ...
The Wage and Hour Division was created with the enactment of the Fair Labor Standards Act (FLSA) of 1938. The Division is responsible for the administration and enforcement of a wide range of laws which collectively cover virtually all private and State and local government employment.
Department of Labor poster notifying employees of rights under the Fair Labor Standards Act The Fair Labor Standards Act of 1938 29 U.S.C. § 203 [ 1 ] ( FLSA ) is a United States labor law that creates the right to a minimum wage , and " time-and-a-half " overtime pay when people work over forty hours a week.
The state of California's overtime laws differ from federal overtime laws in many respects, and they involve overlapping statutes, regulations, and precedents that govern the compensation of employees in California. Governing federal law is the Fair Labor Standards Act (29 USC 201–219) California overtime law is codified in provisions of:
The Biden administration is trying to hike the threshold under which hourly wage work regulations apply by about $25,000 per year. The proposed overtime rule threatens to throw millions of workers ...