CLIENT ALERT: DOL Releases Highly Anticipated Minimum Salary Threshold Rule
March 18, 2019 – 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 attached Client Alert provides details of the new proposed rule.
PDF of Client Alert: CLIENT ALERT: DOL Releases Highly Anticipated Minimum Salary Threshold Rule