It also vacates the July 1, 2024 increase. Previously, bona fide executive, administrative, and professional employees were exempt if they were paid a salary of at least $684 per week ($35,568 annually). The DOL’s final rule increased the threshold to $844 per week ($43,888 annually)...
” said American Federation of Government Employees National President Everett Kelley in a statement. “A paltry, 2% raise for civilian federal employees will do very little to close that widening gap.”
also said it would begin subjecting all federal employees to “enhanced standards of suitability and conduct” and ominously warned of future downsizing. The email sent to millions of employees said those who leave their posts voluntarily will receive about eight months of salary, but they have to...
The email sent to millions of employees said those who leave their posts voluntarily will receive about eight months of salary, but they have to choose to do so by Feb. 6. President Donald Trump has built a political career around promising to disrupt Washington, and vowed that his second...
executive, administrative, and professional (EAP) employees and “highly compensated employees” (HCE). On January 1, 2025, the EAP threshold was set to increase to $1,128 per week, the equivalent of a $58,656 annual salary, and the HCE exem...
Bi-weekly is once every other week with 26 payrolls per year, or 27 during a leap year like 2024. Semi-monthly is twice per month with 24 payrolls per year. What are my withholding requirements? Employers and employees are subject to income tax withholding. There are federal and state with...
The email sent to employees says those who leave their posts voluntarily will receive about eight months of salary, but they have to chose to do so by Feb 6.
also said it would begin subjecting all federal employees to “enhanced standards of suitability and conduct” and ominously warned of future downsizing. The email sent to millions of employees said those who leave their posts voluntarily will receive about eight months of salary, but they have to...
Yes. At some point in the cycle, the Federal Reserve will have lifted interest rates to a point where inflation and the economy will be expected to cool. We saw this as recently as 2023; after the eleventh increase in the federal funds rate over a little more than a 16-month period, ...
On 18 September 2024, the Government announced further details to the proposed payday super legislation that is due to take affect from 1 July 2026, including: Seven-day contributions window: Employers must pay employees’ SG contributions at the same time as salary and wages. Contributions must ...