The U.S. Department of Labor (“DOL”) has finally announced its proposed new rule for overtime eligibility under the Fair Labor Standards Act. The DOL’s Thursday announcement proposes to increase the salary threshold to $35,308 per year, an increase from $455 to $679 per week.
HSB previously covered the stops and starts of the Obama-era DOL to set an even higher salary threshold of $47,476 (read here and here). The new proposed rule also changes other aspects of that ill-fated effort, such as no automatic adjustments in the salary threshold.
DOL’s Notice of Proposed Rulemaking will be subject to a 60-day comment period prior to taking effect. However, once again, there could be legal challenges, which we will monitor on this blog - stay tuned.