DOL Releases Highly Anticipated Minimum Salary Threshold Rule
The U.S. Department of Labor released its highly anticipated proposed rule, modifying one proposed almost three years ago, and raising the federal minimum salary threshold (or so-called “salary level” test) for “white collar” overtime exemptions under the Fair Labor Standards Act. Under the new proposed rule, workers must earn at least $679 per week, or $35,308 annualized, in order to qualify as executive, administrative or professional exempt employees. The new proposed rule will also raise the salary threshold for “highly compensated employees” to $147,414 annualized in order to remain exempt. The below Client Alert provides details of the new proposed rule.
PDF of Client Alert: CLIENT ALERT: DOL Releases Highly Anticipated Minimum Salary Threshold Rule
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