On March 7, 2019, the U.S. Department of Labor (DOL) unveiled
its new overtime
proposal in a notice of proposed rulemaking (NPRM), which would
update the salary thresholds according to which workers are
entitled to overtime compensation. According to the proposal, the
new salary level will increase from $455 per week (which amounts to
$23,660 annually) to $679 per week (which amounts to $35,308
annually). If the proposal becomes final, this would be the first
increase to the salary level since 2004.
The NPRM updates the salary level with projections using current
wage data to January 1, 2020. It also calls for periodic
review—not automatic adjustments—to update the salary
level, which would still require notice-and-comment rulemaking.
