Salary threshold will make roughly 1.3M more workers eligible
The U.S. Department of Labor on Tuesday issued the long-awaited final rule on overtime, making an estimated 1.3 million more American workers eligible for time-and-a-half pay.
The final rule, which goes into effect Jan. 1, 2020, sets a slightly higher earnings threshold for exempt employees than an earlier draft, raising the standard salary level from the current $455 per week, or $23,660 annually, to $684 per week, or $35,568 per year. The draft proposal would have set the threshold at $679 per week or $35,308.
Labor officials said the increase was long overdue in light of wage and salary growth since the last update in 2004.
“For the first time in 15 years, America’s workers will have an update to overtime regulations that will put overti...
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