New Overtime Rules Published! (Originally Posted by Sean Cecil May 19, 2016)
New Overtime Rules Published! Posted by Sean Cecil | May 19, 2016 | 0 Comments More pay for more work. It's a simple premise that may have been taken for granted at some point, but in the past couple decades has been somewhat eroded by past administrations' failure to update the overtime rules under the Fair Labor Standards Act (FLSA). Under FLSA, employers can deem some salaried workers exempt from overtime if they fulfill certain duties and are paid at least a certain amount. Up until now, that amount has been $455/week, roughly $23,000.00 a year, not a living wage in many American cities. However, the rule has changed, and as of December 1, 2016, employers must pay their salaried workers $913/week to lawfully exempt them from overtime (The overtime rate of pay is 1.5 times their regular rate of pay for each hour worked over 40 in a week). According to the Department of Labor's May 18, 2016 press release, key provisions of the fina...