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...
On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.
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 ...
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...
Department of Labor concerns the State of Texas’ challenge to the DOL’s 2024 rule increasing the salary threshold required for so-called “white-collar” employees to qualify as exempt from otherwise legally required overtime pay. Our law firm addressed this change and resulting implications in ...
If they are regularly working over 40 hours per week and would be entitled to overtime if classified as non-exempt, then it may be more cost effective to keep those employees classified as exempt and raise their salaries to meet the threshold. However, for employees that work less...
For an employee to be classified as salaried, their earnings must meet the FLSA minimum threshold, which is currently $684 per week (or $35,568 annually). These roles often come with additional benefits like health insurance, paid time off, and retirement plans, making them attractive to empl...
DOL Releases Final Overtime Rule Doubling the Salary Exemption ThresholdJennifer L. Curry
to fill out a section for “Income Tax Withholding.” If they agree, the employer will withhold a certain amount from the monthly salary and remit it to the treasury. The salary withholding can generally be done in two ways: “Withhold 5%” or “Reach the income threshold for withholding....
Proposed rule would make about 3.6 million more U.S. salaried workers eligible for overtime pay, according to the DOL, it would increase the Fair Labor Standards Act