USDOL Releases Proposed Exemption Changes (Overtime Rule 2.0)

The USDOL's long-awaited proposed white-collar exemption changes a/k/a Overtime Rule 2.0 has been made available.  Once it is published in the Federal Register, the public will have 60 days to submit comments regarding, among other things, the proposed minimum salary threshold of $679 per week.

Proposed Rule In A Nutshell

Our Legal Alert will refresh your memory as to how we got here, but this is what you need to know now.

• The proposed minimum salary threshold is $679 per week (which annualizes to $35,308 per year).
• The proposed rule provides for one threshold regardless of which exemption, industry, or locality, subject to a few exceptions that already exist.
• The additional total annual compensation requirement for the highly-compensated employee exemption has a proposed entry level of $147,414 per year.