|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.
These changes take effect December 1, 2016, rather than 60 days from date of publication. You can find complete information by clicking here.
Add your comment (for display after moderator approval)