DOL expands overtime

      The Labor Dept. announced a final rule to expand eligibility for overtime pay to an additional 1.3 million American workers. The rule goes into effect on Jan. 1, 2020.

      Under the final rule, full-time employees who earn less than $684 a week, or $35,568 annually, must be paid at least one and a half times their hourly salary for each hour worked over 40 hours in a week. The limit previously was $23,660, or $455 weekly.

      Executive, administrative and professional employees who earn more than $35,568 annually are exempt from minimum wage and overtime pay requirements. Employers are allowed to count a portion of certain bonuses and sales commissions as salary.

      The rule also exempts from overtime “Highly-Compensated Employees” who earn over $107,432 a year, but don’t qualify for the regular exemption. The standard overtime rule affects 1.2 million workers and the highly-compensated employee provision affects about 102,000 workers.

More information:
DoL Press Release: https://bit.ly/2luhqK7
DoL FInal Rule announcement: https://www.dol.gov/whd/overtime2019/
Wage and Hour Division Fact Sheet on Highly Compensated Employees: https://bit.ly/27AXFhE

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