On April 23, 2024, the U.S. Department of Labor (“DOL”) issued a new Overtime Rule (the “Rule”), which raises the salary threshold level for the various overtime exemptions under the Fair Labor Standards Act (“FLSA”). The DOL explained in anews releasethat this Rule would expan...
Employers must revert to the prior salary threshold of $107,432 per year for highly compensated employee exemptions. Background: The 2024 Rule The DOL published the 2024 Final Rule on August 30, 2023, proposing its first major update to salary levels for overtime exemptions since 2020. Key ...
The decision vacated the2024 DOL overtime rulein its entirety, including the EAP and HCE threshold increases that went into effect on July 1, 2024, and the part of the rule that would have adjusted the salary thresholds every three years based...
or professional employee from federal overtime requirements. The new salary threshold will occur in two phases. Effective July 1, 2024, the threshold will increase to $844 per week, which is the equivalent of an annual salary of $43,888. Effective January 1, 2025, the ...
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after the U.S. District Court in the Eastern District of Texas struck down the Department of Labor’s (DOL) final overtime rule. Finalized in April 2024, the rule would have increased the minimum annual salary threshold that determines overtime pay eligibility under the Fair Labor Standards ...
DOL Releases Final Overtime Rule Doubling the Salary Exemption ThresholdJennifer L. Curry
4:24-cv-499 Share Case Updates District court holds that U.S. Department of Labor’s 2024 Overtime Rule exceeded the agency’s authority by setting the Executive, Administrative, and Professional exemption’s salary threshold too high and by prescribing automatic increases for that threshold ...
DOL Update: Revision of Overtime Rules 来自 掌桥科研 喜欢 0 阅读量: 1 作者: MK Rath 摘要: 1. FLSA: New Overtime Rule ?Overview of Salary Basis Test ?Key Features of New Rule 2.OSHA Recordkeeping Rule 3.OSHA Enforcement Trends. 会议名称: 2016 Adhesive & sealant convention fall ...
1. DOL Issues Final Overtime Rule On September 24, the U.S. Department of Labor (“DOL”) issued a final rule increasing the annual salary threshold for white-collar exemptions to $684 per week. This is an increase of about 50 percent over the present levels. Up to 10 percent of that...