Revision of Federal Overtime Rules
The U.S. Department of Labor (DOL) has issued a final rule that affects overtime pay for executive, administrative, professional, outside sales and computer employees (the “white collar” exemption). To be exempt, an employee must meet certain tests related to job duties and be paid on a salary basis at not less than a specified minimum. When this rule takes effect December 1, 2016, that salary level will increase to $913 per week (equivalent to $47,476 annually for a full-year worker), up from $455 per week ($23,660 annually). The duties test is unchanged under the final rule.
Sources of additional information
Important dates and deadlines