The U.S. Department of Labor (DOL) has released its
long-anticipated revised "overtime rule."
The proposed rule seeks to increase the salary threshold for
white-collar exemptions to $35,308 per year, or $679 per week. The
current salary threshold is $23,660. This means that workers
earning less than $35,308 would be eligible for overtime payment.
Click here to view the 219-page rule. Additional
background is available here.
Summary of DOL's Key Regulatory Revisions
- Increased Salary Threshold
(but less than 2016 proposed level)
The proposed minimum salary threshold would be raised from $455
to $679 per week ($35,308 per year). Above this salary level,
eligibility for overtime will vary based on job duties. The
proposed increase is significant, but still much less than then the
$47,476 ($913 per week) salary threshold proposed in the 2016
Obama-era rule.
