Labor Department Proposes New Salary for Overtime Exemptions
The U.S. Department of Labor has issued a notice of a proposed rule increasing the salary threshold for the white-collar exemptions from the overtime requirement of the Fair Labor Standards Act from the current minimum of $23,660 to $35,308 a year, a significant increase but less than the $47,476 proposed by the Obama Administration in 2016. The current salary minimum has been in effect since 2004, and the Obama Administration rule increasing it to $47,476 was barred by a federal…