(Nathan Van Driel) Working more than 40 hours a week but not getting paid overtime because you make too much already? If so, you might soon be pocketing more dough for your extra hours under newly proposed federal regulations that raise the threshold income level at which workers are exempt from overtime pay of time-and-a-half wages. The Los Angeles Times reports that the proposed Department of Labor rule would be the first change to the salary threshold governing overtime pay in more than a decade and could affect the pay of nearly five million Americans starting in 2016. The proposed regulations would more than double the current salary threshold at which employers can avoid paying overtime from $23,660 a year to $50,400 per year. Likewise, the regulation increases the pay of hourly workers exempt from overtime pay from $455 per week to $970 per week. This means that if an hourly or salaried worker makes less than $970 per week or $50,400 per year, they would now have the right to receive additional pay if they work more than 40 hours per week. “We’ve got to keep making sure hard work is rewarded.
Dept. Of Labor Proposal Would Expand Overtime Pay To Nearly Five Million More Americans
Ashlee Kieler, The Consumerist
Tue, 06/30/2015 - 11:53am
Topics: nathan van driel working we ve americans president barack obama huffington post labor s america obama the retail industry leaders association rila retailers kelly kolb the los angeles times department labor obama in rila proposal million overtime pay week year proposed raise hours current change rule employees rules threshold salary federal exempt level workers day paid benefits flexibility extra management hard potential costs regulations making employers increase hourly statement means
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