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Total Team Solutions Blog

May 23 2016

DOL Final Rules for New Overtime Regulations

By: Rob Lynn

 

The U.S. Department of Labor has released its long-awaited Final Rule updating regulations under the Fair Labor Standards Act governing overtime exemptions for executive, administrative, and professional employees, commonly known as the “white collar exemptions” or “EAP exemptions.”

DOL estimates 4.2 million workers will be eligible for overtime as a result of the Final Rule and that it will result in an increase in wages of $1.2 billion per year. 

  • The salary threshold is set to $47,476 per year.
  • Every three years there will be an automatic salary threshold increase.
  • The highly compensated employee (HCE) exemption is now $134,004 per year.
  • The standard duties test will remain the same.

These changes take effect December 1, 2016, rather than 60 days from date of publication.  You can find complete information by clicking here.


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