Starting July 1, employers will be required pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative and professional roles, the Labor Department said.
FILE - A hiring sign is displayed in Riverwoods, Ill., Tuesday, April 16, 2024. The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S. The move marks the largest expansion in federal overtime eligibility seen in decades.NEW YORK — The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.
“Too often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. That is unacceptable,” acting Secretary of Labor Julie Su said in a prepared statement.under the Trump administrationUnder the federal law, nearly all hourly workers in the U.S. are entitled to overtime pay after 40 hours a week. But many salaried workers are exempt from that requirement — unless they earn below a certain level.
The July 1 increases update the current salary thresholds using methodology put in place under the Trump administration’s 2019 regulation. The new rule’s methodology takes effect Jan. 1, the Labor Department said, with salary thresholds set to update every three years based on the latest wage data., and submitted a proposal in September.
Meanwhile, advocates applauded the administration’s rule — with some noting that such a move is overdue. The left-leaning Economic Policy Institute says that the overtime threshold has not been updated properly for almost 50 years — leaving millions without such federal protections.
Labor Department Overtime Pay Rules Salaried Workers
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