The new overtime rule was set to increase the FLSA salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week). And on January 1, 2025, there would have been an additional increase to $58,656 annually ($1,128 per week). The new overtime rule also...
Joshua W. Abel
Effective October 3, 2020, the Pennsylvania Department of Labor & Industry (L&I) has updated Pennsylvania’s overtime rules to increase the salary threshold for qualifying under the Pennsylvania Minimum Wage Act (PMWA) as an exempt executive, administrative, and professional employee. The rule ...
Other aspects of Pennsylvania’s final overtime rules take effect immediately: Pennsylvania’s final rule allows up to 10% of the salary threshold to be satisfied by nondiscretionary bonuses, incentives and commissions that are paid at least annually. ...
The Labor Department estimated that an additional four million lower-paid salary workers would become eligible for overtime protections in the first year under the new rule. An additional 292,900 higher-compensated workers were also expected to get overtime entitlements through separate threshold increa...
This is known as the Standard Salary Threshold. The new rule, however, will increase the threshold over the coming years: On each of these dates, employees who are paid below these salaries will be eligible for overtime pay. Additionally, there will be an increase in the annual salary ...
How Will Employers React to the New Overtime Rule? For employers with employees that are impacted by the new rule, they are left with a few options: Pay 1.5X the average hourly rate (salary divided by number of work hours per year) for overtime work (work hours exceeding 40 per week)...
Another 1.3 million workers across America are about to becomeeligible for overtimepay after the Labor Department updated the Fair Labor Standards Act, an action that has been over a decade in the making. Starting Jan. 1, workers who earn a non-hourly salary of less than $35,568 will be...
A new overtime rule is about to greatly impact the American middle class. The Department of Labor (DOL) has announced an updated regulation that increases the salary threshold for paid overtime from less than $455 per week to $913 per week. Before, salaried workers were only entitled to pa...
Administration Releases New Overtime Rules The Department of Labor has released its long awaited rule updating the regulations governing overtime pay for employees. Under the current regulations, the salary threshold for exemption is $455 per week ($23,660 per year) and the new rules will update...