Daily Document Update: HR Compliance Library, 46,381, DOL releases final overtime rule; threshold at $35,568 - AGENCY REGULATION, (Sept. 25, 2019)

摘要

On September 23, the Department of Labor announced its final rule updating the earnings thresholds necessary to exempt executive, administrative, or professional employees from the FLSA’s minimum wage and overtime pay requirements. The DOL says that 1.3 million American workers will be newly eligible for overtime pay under the rule. The final rule is effective on January 1, 2020. The DOL has updated both the minimum weekly standard salary level and the total annual compensation requirement for “highly compensated employees” to reflect growth in wages and salaries. The new thresholds account for growth in employee earnings since the currently enforced thresholds were set in 2004. The DOL believes that the update to the standard salary level will maintain the traditional purposes of the salary level test and will help employers more readily identify exempt employees. The DOL has also revised the special salary levels for employees in U.S. territories and the special base rate for employees in the motion picture producing industry.