Editor's Note: This news item was retrieved and first published through The US Dept of Labor's website.
WASHINGTON, DC – After a lengthy process that included public comment, listening sessions, and data collection, the US Department of Labor’s Wage and Hour Division has announced new rules for overtime pay which have remained the same since 2004. The new earnings thresholds are expected to make 1.3 million additional American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). The new rules increase the earnings thresholds that exempt executive, administrative, or professional employees from the FLSA's minimum wage and overtime pay requirements from the current level of $455 to $684 per week for standard salaried employees, and from $100,000 to $107,432 per year for “highly compensated employees.”
"For the first time in over 15 years, America's workers will have an update to overtime regulations that will put overtime pay into the pockets of more than a million working Americans," Acting U.S. Secretary of Labor Patrick Pizzella said in a news release. The new regulations go into effect on January 1, 2020.